Business shorts
Pension fund drops investment in conflict countries / Germany considers Nord Stream 2 changes / 28 Danish eateries awarded Michelin status… One of Denmark’s biggest pension funds has dropped three companies from its…
MoreDanske Bank kicked out of Estonia
Danske Bank has announced it will pull out of Russia and the Baltic region after being ordered to liquidate its Estonian operations following the money laundering scandal. Estonia’s financial regulator, Finantsinspektsioon, took the unexpected…
MoreDanske Bank: Strong Estonian reaction ‘understandable’
The Estonian authorities’ decision to throw Danske Bank out of the country was ‘surprising but understandable’ interim CEO Jesper Nielsen said yesterday. After the bank was ordered to wind up all its operations…
MoreFinance watchdog under EU investigation
Denmark’s Financial Supervisory Authority (FSA) has been placed under formal investigation by the European Banking Authority (EBA), which is concerned whether the agency was too soft in its probe of the Danske Bank…
MoreEU voters see Vestager as Commission President
Denmark’s Margrethe Vestager is the most popular EU Commissioner in Brussels and the clear favourite to succeed Jean-Claude Juncker as the next president of the European Commission, according to the results of a…
MoreHuawei in violation of immigration laws
Tech giant Huawei has repeatedly violated Denmark’s labour and immigration laws. Politiken reports how Danish police have on three separate occasions caught the Chinese multinational telecom company using illegal aliens in his country….
MorePolice buy drones from blacklisted Chinese company
Parties on both sides of the aisle are demanding answers as to why the National Police have purchased seven surveillance drones from a Chinese company blacklisted by the USA but according to Justice…
MoreConvicted fraudster running for parliament
A new political party will be contesting this year’s general election. After collecting the 20,000 ‘voter declarations’ needed to be officially put on the ballot, disgraced businessman Klaus Riskær Pedersen, a multi-millionaire who’s…
MoreLocal politician facing prison
A local Danish politician is facing a 6-year prison sentence after being charged with attempted murder and ‘extreme violence’, tabloid daily BT reports. A district court judge has imposed a ban on revealing…
MoreThousands of refugees could be sent home
More than 25,000 refugees are at risk of being sent home as a result of the government’s ‘paradigm shift’ in policy that will lead to more focus on repatriation and less on integration. The…
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