Productivity growth signals economic recovery
The latest figures from the international economic cooperation organisation OECD show that productivity growth for the entire Danish economy was 3.3 per cent in 2010. By comparison, the 34 member countries in the…
MoreFamily-reunification approvals plummet
Numbers have dropped dramatically in the past year for foreigners given the right to live in Denmark with their spouses or other family members who have Danish citizenship or legal residency. Between 2010…
MoreMortgage lenders raise bar for borrowers
In a dangerous trend for the housing market, economic experts say it’s getting harder to become a homeowner in Denmark, even though housing prices are falling. Financial advisers note that banks have become…
MoreRates of unemployed youths are dropping
A new analysis shows that the long-term unemployment rate for young people between ages 18 and 24 has dropped 20 per cent over the last 12 months. For other age groups, it’s dropped…
MoreTelenor loses lucrative Indian mobile market
The acquisition of a telecommunications company with 22 licenses to operate in the vast Indian market has ended up being a bad call for Telenor. The Indian company’s licenses, along with 100 others,…
MoreVestas shares drop with order loss
Windmill manufacturer Vestas’ share prices slipped following the announcement that the company lost a tender to supply as many as 168 of its V112-3.0 MW windmills to Gode Wind I and Gode Wind…
MoreNew capital no solution for Torm
International investors swooped in at the last minute with a pledge to rescue the foundering shipping company Torm with up to DKK1.1bn in fresh capital funds. In addition, Torm’s management announced that a…
MoreNational debate over dog’s death
Balder’s dead, but how he died has sparked a national debate about a law that some politicians are calling a remnant from the Wild West. The Peaceful Fields and Ways Law from 1872…
MoreGovernment approves budget law
As expected, the government and opposition parties have agreed to a new budget law that caps losses for state, regional and local budgets. This means that every four years, Parliament will enforce a…
MoreForeign Ministry cuts more staff
The Foreign Ministry has announced another 51 layoffs among employees both at home and abroad. This follows a round of cuts just a week ago in which 60 Ministry employees were made redundant…
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