Refugee island money disappears from budget
DKK759m (€100m) earmarked for a new refugee departure centre has disappeared into thin air. Following major problems at the Kærshovedgård transit centre in mid-Jutland, which houses failed asylum seekers and criminal refugees, the…
MoreVirus update
99 people tested positive for corona, Tuesday, as the figures continue to stabilise. 20 patients are hospitalised, a drop of 3, while there was 1 fatality, bringing the death rate so far to…
MoreCorona stops Crown Prince’s trade push
Crown Prince Frederik and Crown Princess Mary have postponed a November trip to the Netherlands due to the corona crisis. The Crown Prince couple were scheduled to head a Danish trade delegation to…
MoreNew Danske Bank scandal
Danske Bank has broken the law for the past 28 years by demanding excessive or outdated debt from some of its most vulnerable customers. It’s estimated that the country’s biggest bank, still recovering…
MoreJobless figures dip
The jobless figures fell slightly in July. The latest Statistics Denmark data shows the gross unemployment rate fell by 5,500 to 148,100 in July from 153,700 in the preceding month – 5.2 percent…
MoreBusiness shorts
Business confidence up….Novo launches insulin production in Iran….Former head of Trade Council heads Berlin embassy….. Business confidence has improved this month. The latest Statistics Denmark figures showed business confidence rose to 84.9 in…
MoreFinance Minister presents frugal ‘corona budget’
As reported, Monday, the government’s draft budget for 2021 has one, single overriding aim – to steer Denmark through the corona crisis safely, soundly and with as few economic repercussions as possible. After…
MoreNext generations to foot corona bill
Danish taxpayers will be forced to foot the multi-billion bill for the corona crisis for many years to come, senior Nordea economist Helge Pedersen said yesterday after the government presented its draft budget…
MoreGovernment needs to borrow big
The government will need to borrow DKK374bn ($60 billion) this year, 25% more than its previous forecast of DKK294bn, the Finance Ministry announced yesterday. Leading economists had expected less because the government’s emergency…
MoreGovernment to subsidise work-share scheme
Companies and businesses hard hit by the corona crisis will be allowed to implement work-sharing programmes to replace the wage compensation scheme that expired, Monday. Under the terms of a new tripartite working…
More