The Ólavsøka Festival is an annual festival on the Faroe Islands held on 29 July commemorates the death of Saint Olaf. The official celebration starts with the opening of the Faroese Parliament and begins with a service held in Tórshavn Cathedral. On this day, festivities are held in the city of Torshavn that commence from the evening of the 28th where the festival continues till the end of July month i.e. 31st July.
Held in the harbor, the festival consists of dance, sports and exhibitions that create a great enthusiasm in the town's atmosphere. The major attraction during this fiesta is the boat race in the harbor where traditional wooden rowing boats participate.
People from all the nearby islands,all members of parliament and church officials gather at Torshavn to do shopping and fun.