With the changing times, new and innovative technologies like the information technology and business projects have been encouraged in Torshavn and the nearby regions to attract new investment.
Globalization too made Torshavn its element by introducing Burger King in Torshavn that was extensively made known.
Besides this, the youth keeps shifting their pedestal to more developed pastures like Denmark, for higher education and better prospects. Thus, absconding of the actual potent leave the town in dearth of skilled individuals and thereby hamper the growth of the economic downturn.