Business shorts
National Bank sells off currency to protect krone…..Vestas in China deal…Crown Prince signs up to DK-China business forum.. The continuing weakness of the Danish krone has prompted speculation that the National Bank may…
MoreDenmark defies U.S. – signs up to Iran trade scheme
Denmark has surprisingly broken with the U.S. by signing up to the Instrument in Support of Trade Exchanges (INSTEX) a trade scheme created by Germany, France, and Britain to help EU companies circumvent…
MoreNew report: Greenland a top security priority
Greenland has become a top national security priority following President Trump’s bid to buy the world’s biggest island earlier this year. In its latest threat assessment report, published Friday, the Danish Defence Intelligence…
MoreHousing Minister encouraged by new ghetto list
28 vulnerable social housing districts are now officially characterised as ghettos, one less than last year. The annual ghetto list, updated every December, is based on a number of criteria such as unemployment,…
MoreImpasse on 2020 budget
The government and its support parties are still struggling to reach agreement on the 2020 budget. Following another five hours of negotiations last night Finance Minister Nicolai Wammen said a deal was close…
MoreFinance Ministry provided wrong figures to EU
Finance Minister Nikolaj Wammen has been forced to offer an unconditional apology to parliament’s Europe Committee after it was revealed his ministry provided inaccurate figures for the EU’s 2020 budget, which led the…
MoreCar emissions on the rise
New passenger cars are increasing Denmark’s total CO2 emissions. Jyllands Posten reports how the average emission from new cars has risen by nearly 8% since 2016 as Danish motorists have bought bigger and…
MoreEconomic growth slows in Q3
Economic growth slowed in the third quarter (Q3). The latest Statistics Denmark figures, published Friday, show GDP growth was 0.3% but Q2 growth was revised upwards to 1.1 percent from 0.9 percent. Over…
MoreNo change in unemployment
The jobless rate remained stable in October. The latest Statistics Denmark figures show gross unemployment fell very slightly to 103,900 in October from 104,300 in the preceding month as the unemployment rate remained…
MoreThe Week That Was, November 25th –December 1st 2019:
Politics/Economy: Ahead of this week’s summit of allied leaders in London to mark NATO’s 70th anniversary the Danish government is preparing to accede to Donald Trump’s demand to spend at least 2% of…
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