Category: Finance & Industry

How Money is Born out of Public Spending and Dies by Taxes

Writen by Scott Santens, 3 Feb 2023. Click HERE to go to this post translated to Danish. Click HERE to go to this post translated to Faroese. If there’s one thing most people don’t seem to understand about how money works that I think would really help governments work better in the 21st century, it’s …

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Can Higher Taxes Ensure More and Cheaper Housing?

By Elin Brimheim Heinesen Let’s discuss a topic that often leads to contention in the political arena: taxation, particularly when it involves property taxes and imposing higher taxes on the wealthy. Is this advantageous or disadvantageous for society? In this article, I will argue that requiring the wealthy to pay more in taxes, such as …

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What a Load of Piss

What does a young 17-year-old Faroese maid in a small village in the Faroe Islands in 1916 have to do with a revolutionary new urine-based cleaning fluid for diesel engines? By Elin Brimheim Heinesen in Berlingske Tidende, Section 4, Sunday, 16 December 2001 On 28 September, 2001, one of the world’s leading scientific journals, New …

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Permanent link to this article: https://heinesen.info/wp/en/blog/2024/04/17/what-a-load-of-piss/

“Womansplaining” the So-Called Masculinity Crisis – ;-)

By Elin Brimheim Heinesen Read aloud at the Sirkus bar in Tórshavn during the Femifestival on 4 March 2024 In our patriarchal society, age-old norms still dictate how men and women should be. Traditional gender perceptions lead us to expect men to be strong and stoic. Consequently, many men are afraid to talk about their …

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Is it Only the Fishing and Fish Farming Industries that Sustain the Faroe Islands?

By Elin Brimheim Heinesen With approximately 93% of the Faroe Islands’ exports being fish products (2021), many have the impression that the fishing and fish farming industry is almost solely responsible for sustaining the country and enabling us to survive on the islands. But is this correct? This perception is also why some believe these …

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Permanent link to this article: https://heinesen.info/wp/en/blog/2023/03/13/is-it-only-the-fishing-and-aquaculture-industries-that-sustain-the-faroe-islands/

Justification for the Introduction of an Unconditional Basic Income Guarantee

By Elin Brimheim Heinesen In the past, when no one had ownership rights over natural resources, all living beings, both animals and humans, shared everything collectively. No one was prevented from taking what nature provided, just as no one stops birds from living off what they find in nature. People relied on what was immediately …

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Permanent link to this article: https://heinesen.info/wp/en/blog/2022/03/20/justification-for-the-introduction-of-an-unconditional-basic-income-guarantee/

The COVID-19 Crisis Highlights the Importance of an Economic Safety Net

By Elin Brimheim Heinesen The wheels of society must keep turning. If they don’t, things will go wrong. In times of crisis like this, it is up to governments around the world to prove their value by taking responsibility and implementing systems to ensure that everything doesn’t come to a halt. No one should be …

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Permanent link to this article: https://heinesen.info/wp/en/blog/2020/03/16/the-covid-19-crisis-highlights-the-importance-of-an-economic-safety-net/

Cheaper Airline Tickets Now!

By Elin Brimheim Heinesen As long as it is relatively expensive to transport people and goods between the Faroe Islands and the outside world, it will be very difficult to attract more people to the Faroe Islands and thus create a large enough basis for increased activity in the country. But if we increase transportation …

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Permanent link to this article: https://heinesen.info/wp/en/blog/2015/10/29/cheaper-airline-tickets-now/

What is the Disagreement Between the EU and the Faroe Islands (Really) About?

By Elin Brimheim Heinesen A quarter of the total Faroese exports may be affected by the restrictions if the European Union’s sanctions against the Faroe Islands are implemented. This seems like quite severe punishment for a very small and economically vulnerable nation in the North Atlantic, totally dependent on its fishery. But according to the …

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Faroe Islands at a Crossroads

The Faroe Islands are at a crossroads. Do we want to be a modern globalised society or do we want to hold on to our traditional way of life? Or… is it possible to combine these two? A presentation held by Elin Brimheim Heinesen for Heads of Diplomatic Missions in Iceland, 23 May 2009 We …

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Celebrity Visits Generate Publicity

With former US president Bill Clinton and Nobel Peace Prize winner Al Gore in the country’s guest book, international media coverage could be causing the Faroes to emerge from obscurity—clearing the way for effective nation branding. Búi Tyril talks to Elin Heinesen, Managing Director of SamVit, Faroe Islands Enterprise, and others. By Búi Tyril, Faroe …

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What’s the Hype About?

The Faroe Islands have suddenly received a lot of media attention – why has this happened? Interview with Elin Heinesen, Managing Director of SamVit – Faroe Islands Enterprise (Faroe Islands Trade & Tourism Council) 4. March 2008: – These are really exciting times in the Faroe Islands. Never before in all of history, have the …

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Another Phase, a New Face

The recent merger of the Trade Council and the Tourist Board into one Trade & Tourism Council is likely to remain high on the new managing director’s agenda for a while—but it doesn’t stop her from bringing scores of innovative ideas to the table. By Búi Tyril, Faroe Business Report 2007 It was widely seen as signifying at least a generational change, if …

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Care to Dine With a View?

If branding the Faroes involves setting up some spectacular tourist attraction, Elin Heinesen presented what could become the ultimate experience for domestic and foreign visitors alike—a marvel of a Cold War museum offering a majestic view of the mountain tops. By Búi Tyril, Faroe Business Report 2007 Before she had even started in her new …

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The Faroes: Periphery in the Centre

As people living in an increasingly globalised environment the Faroese, much like the rest of the world, need to embrace change to whatever extent necessary. The ability to cooperate effectively and develop strong networks is becoming more important. And still it is crucial for us to hold on strongly to our unique identity if we …

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Our strengths: Purity, Authenticity and Uniquness

Tourism is now the fastest-growing industry in the Faroe Islands. We therefore need to prepare to meet increasing demands. Our strategy is to build on our strengths and to focus on developing a lucrative tourism which at the same time is sustainable and does not affect our nature and culture in a negative way. By …

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