Drop in bancruptcies
2015 has started on a bright note for the business sector – bancruptcies fell in January. 337 companies and firms were forced to file for bankruptcy last month, a 12 per cent decrease…
MoreCurrency reserves hit all-time high
Denmark’s Foreign Exchange Reserves increased to an all-time high of DKK564bn in January, from DKK450bn in December of 2014, as the National Bank sold kroner to weaken the currency and bought foreign currency….
MoreThorning has confidence in National Bank’s policy
Prime Minister Helle Thorning-Schmidt said yesterday she had no doubts the Danish National Bank would sustain its long-held fixed currency policy, as it has done since the 1980s. She told journalists: “The Bank…
MoreNordea Bank won’t issue negative-rate bonds
Nordea Bank backed mortgage lender Nykredit yesterday by saying it would not issue new one-year adjustable rate mortgage-backed bonds with negative rates. It also joined Nykredit’s call for a market consultation on how…
MoreDanske Bank exceeds profit expectation
Denmark’s biggest bank, Danske Bank, said yesterday it expected net profit of more than DKK14bn in 2015, slightly exceeding expectations. The fourth-quarter pretax loss of DKK 5.3 bn ($807.4 million) was hit by…
MoreDevelopment ministes nominate UN for Nobel Peace Prize
Minister for Trade and Development Cooperation Mogens Jensen and eight of his predecessors have nominated the Millennium Development Goals (MDG), also known as the 2015 goals, for the Nobel Peace Prize. From the…
MoreDPP voters want government slot
52 per cent of Danish People’s Party (DPP) voters believe their party should be part of government if the centre-right opposition wins this year’s election. Party leader Kristian Thulesen Dahl, who has repeatedly…
MoreVoters trust DPP leader
The Danish People’s Party’s Kristian Thulesen Dahl is seen as the most trustworthy party leader by voters. In a new Megafon poll for TV2 News, 32 per cent of the electorate believes Mr…
MoreLøkke: Zero growth doesn’t always mean zero growth
Lars Løkke Rasmussen is willing to let the public sector grow if the centre-right regains power this year, as long as there are cutbacks elsewhere. After repeatedly banging the drum for zero-public sector…
MoreDanish national killed in Ukraine
A Danish-Chechen national has been killed in combat in eastern Ukraine. Isa Munajev, well known in Denmark as ‘the boxing coach from Birkerød’, was in charge of a militia group helping the Ukranian…
More
Danish Krone Exchange Rate