Monday, October 29, 2007

Good times

The Economic Council launched their annual report today.

In short conclusion, they said: There are (too) good times, here on the Faroe Islands. We have a shortage on working power, meaning, people.

They advised for caution, when it came to foreign investment, here in the Faroe Islands. Instead of the lowering of the tax percentage, they told it would be more wise to raise the taxes, as we are having very good times here now.

I haven't had the time to read this very closely, but i will give a more thorough report in a few days.

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