Ólavsøka takes place on July 29, 2018. Ólavsøka is a national holiday of the Faroe Islands, celebrated annually. It is the day when Løgting, the Faroese Parliament, opens its session. Ólavsøka is also a cultural and sports festival with boat races, football matches and other events. The literal meaning is "Saint Olaf's Wake", from Saint Olaf's death at the Battle of Stiklestad in 1030, but the Løgting predates this event.
Like several other Faroese holidays, the vøka begins the evening before, so Ólavsøka always starts on July 28 with an opening ceremony. Some events start even before that, i.e. there has been a Ólavsøka Concert held on 27 July for several years. (With material from: Wikipedia)