Budget 2020: Extra DKK4.9b on welfare
Inheritance duty, the disbanded refugee island project, an increase in the price of cigarettes, and the cancellation of planned tax cuts will raise around DKK2.6bn to fund the government’s welfare promises. An additional…
MoreGays celebrate 30th anniversary of marriage legislation
Gay rights activists yesterday celebrated the 30th anniversary of groundbreaking legislation when Denmark became the first country in the world to allow same-sex couples to marry. The ‘registered partnerships’ bill was passed by…
MoreDanske Bank liquidates Estonian branch
Danske Bank has finally ceased all operations in Estonia, the focal point of the money laundering scandal. In February the Estonian Financial Supervisory Authority ordered Danske to shut down its controversial Tallin branch…
MoreSystemic Council warns of risks to economy
The Systemic Risk Council has urged the government to increase the counter-cyclical capital buffer rate from 1.5 per cent to 2.0 per cent from 30 December 2020 to deal with the risks that…
MoreBusiness shorts
Google reveals multi-billion investment in Denmark / Copenhageners enjoy world’s most expensive coffee / Health company loses millions after cyber attack… U.S. tech giant Google has announced a multi-billion dollar investment in European…
MoreSecular MPs boycott traditional church service as parliament opens
Ahead of the official opening of parliament today a number of MPs have chosen to boycott the traditional accompanying church service and attend an ‘alternative’ non-religious ceremony While the majority of MPs and…
MoreLøkke takes a back seat
The official opening of parliament today signals a new role for Lars Løkke Rasmussen. Instead of giving the traditional opening speech and greeting the Queen, the former prime minister has been pushed back…
MoreEllemann-Jensen steadies the boat
The Liberals (Venstre) have made a slight gain since the divisive leadership battle that rocked the party last month. The former ruling party is at 24.6% in the latest Epionon poll for DR…
MoreLawmakers push for legislation to restrict use of mobile data
Parties on both sides of the aisle are pushing to tighten the rules for the use of mobile data as evidence, after the National Police (Rigspolitiet) earlier this year admitted ‘a major malfunction’…
MoreEconomists: Denmark prepared for downturn
The past seven years of a robust Danish economy will provide a strong buffer if, as expected, there’s a global downturn next year. ‘The good times don’t last for ever and the end…
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