Families saving up for a ‘rainy day’
Consumers are saving rather than spending. New National Bank figures show the total amount of money in deposit accounts increased by DKK40bn ($6bn) in 2018, a sign according to Nykredit economist Mira Lie…
MoreShops shun Dankort
More and more retail outlets are refusing to accept the debitcard, Dankort, due to exorbitant fees. Although Dankort has become a virtual national payment card, Lars Hansen, managing director at financial advisory company…
MoreBusiness shorts
Internet company wins Microsoft backing for Ghana project / Retail sales dip / Vestas gets Russia order… Copenhagen-based tech company Bluetown, who provide internet connectivity to sparsely and unconnected areas across the world,…
MoreLabour minister denounces inequality debate
Labour Minister Troels Lund Poulsen has dismissed the debate about inequality as ’misguided’ and ’stupid’. Even though Denmark ranked number one on a global index last November in terms of reducing the gap between…
MoreNew poll: Government still heading for defeat
Prime Minister Lars Løkke Rasmussen is unlikely to trigger an election in the near future as polls continue to show he’s heading for defeat. The latest Norstat survey for Jyllands-Posten projects a narrow…
MoreDPP demands more defence spending
The Danish People’s Party (DPP) has urged the government to live up to NATO demands and increase the military’s budget. Although it’s only 12 months since a cross party majority agreed to boost…
MoreTop snoop heading for prison
Denmark’s former top ‘snoop’ has been given a 4-month prison sentence and ordered to pay DKK397,000 for violating the official secrets act. A Copenhagen court found former head of PET (Danish Intelligence) Jakob…
MoreBuild that fence
Construction of the 70-km fence along Denmark’s border with Germany to keep out wild boar gets underway today. The DKK75m ($12m) fence is a part of a March 2018 agreement between the government…
MoreFood Minister in hot water over pig deaths
Food Minister Jacob Ellemann Jensen has been accused of misleading parliament about the number of pigs that die as they’re being exported from Denmark. More than 9 million pigs are shipped abroad every…
MoreForeign Minister in Ukraine
Minister of Foreign Affairs Anders Samuelsen and his Ukraine counterpart Pavlo Klimkin will visit Mariupol tomorrow, the port city that was briefly seized by pro-Russian separatists in 2014 before being recaptured by Ukrainian…
More