National Bank: Upswing will continue with lower growth
The economic upswing will continue but with lower growth, the National Bank predicts in its latest, quarterly, ‘state of the economy’ report. Director General Lars Rohde said in a press release: “The Danish…
MoreForeign investors lose confidence in Denmark
International investors’ trust in Denmark has diminished following the Danske Bank money laundering scandal, National Bank Governor General Lars Rohde said yesterday, noting that non-residents sold Danish equities worth DKK 91bn ($13.85 bn) last…
MoreVestager fines Google – again
Denmark’s EU Competition Commissioner Margrethe Vestager has slapped Google with a third multi-million fine. The global search engine has been fined €1.49 billion for breaching EU antitrust rules. The Commission found that Google has…
MoreBusiness shorts
More green investment from pension fund / Renewable energy deal with Egypt / Carlsberg facing €250m fine in Germany….. Two days after announcing it would decease investing in tobacco companies due to cigarettes’…
MoreTax minister confident of retrieving $1bn in share dividend scam
Tax Minister Karsten Lauritzen believes around half of the DKK12.7bn defrauded from the Danish Tax Department (SKAT) in the share dividend scandal can be retrieved through legal channels. In Denmark’s biggest-ever tax fraud, SKAT…
MoreDenmark loses EU unemployment benefit battle
The government has lost its battle with the EU to protect Denmark’s generous unemployment insurance scheme (dagpenge) from potential abuse by foreign nationals who work in Denmark on a temporary basis. The EU Commission,…
MoreDanish blacklist delays imam’s New Zealand trip
A leading Muslim imam was refused entry to New Zealand following the Christchurch massacre as his name appears on the Danish government’s ‘blacklist’ of preachers barred from entering Denmark. Sheikh Shady Alsuleiman, one of Australia’s…
MoreTDC picks Swedish company, drops Huawei
Denmark’s biggest telecom company, TDC, has shunned Huawei and chosen Swedish multinational telecom company Ericsson to set up Denmark’s upcoming 5G network. The announcement, Tuesday, came after months of debate over security concerns surrounding…
MoreSpeaker throws baby out of parliament
An MP and her baby were ordered to leave the chamber of the Danish parliament by Speaker of the House Pia Kjærsgaard, Tuesday, for ‘creating a disturbance’. The Conservatives Mette Abildgaard said she was…
MoreVestager a leading candidate for EU liberals
Denmark’s EU Competition Commissioner Margrethe Vestager will figure prominently on a list of candidates for leading EU roles put forward by European liberals this week, alongside ex-Belgian Prime Minister Guy Verhofstadt and ex-commissioner Emma…
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