Bakkafrost has entered into a conditional share purchase agreement with the owners of North Landing to purchase all outstanding shares of North Landing, a US salmon importer focusing on the East Coast.
Gómagott, which is run by Kirstin Hammer and her husband Høgni, started its production of assorted boxed chocolates back in 2015 and was originally housed in a building in East Tórshavn that used to be a bakery many years ago.
Earlier this month the largest Faroese bank reported an operating profit of DKK 77m for Q1 2018, an increase of DKK 30m compared to Q1 2017 (+66%). Furthermore, operating costs were down by DKK 1m to DKK 115m, consistent with the efforts to curb expenditure growth.
Faroese restaurant KOKS, widely regarded as the best restaurant in the Faroe Islands, has reached another impressive milestone as it has been ranked in 46th place on OAD´s list of Top 100+ European Restaurants 2018.
The largest salmon producer in the Faroe Islands, Bakkafrost, has announced plans to invest in a new biogas plant in collaboration with other Faroese fish farmers and local dairy farmers, using waste products from fish and dairy farming to produce energy and fertilizer.
Faroese company Ocean Rainforest aims to combat climate change by cleaning the ocean using seaweed. Ocean Rainforest, established in 2007, is one of the few companies in the world that seeds, cultivates and harvests seaweed on a commercial scale in offshore conditions.