06.06.2006 · The Government

The Faroese economy will turn into real progress in 2006

The economic analysis by the Governmental Bank of the Faroes is new available. It indicates that the upward trend that has occurred in the Faroese economy will turn into real progress in 2006. Compared with the last projection in December 2005, there is an increase overall for 2006, and the difference, in the main, lies in the altered conditions for the natural resource industries, especially with the increased price of fish.

The economic analysis by the Governmental Bank of the Faroes is new available. It indicates that the upward trend that has occurred in the Faroese economy will turn into real progress in 2006. Compared with the last projection in December 2005, there is an increase overall for 2006, and the difference, in the main, lies in the altered conditions for the natural resource industries, especially with the increased price of fish. Read the report analysis here: Economic Analysis.pdf