Consumers are still shell-shocked
Danish consumers remain highly pessimistic about their own private finances and Denmark’s economic situation. Statistics Denmark’s Consumer Confidence Index registered minus 7 in January, a slight improvement on December’s minus 9.8 but still…
MoreDenmark’s position on euro pact still unclear
With just one week to go before eurozone members agree to a new fiscal pact, Denmark’s position remains unsure. After attending a specially-convened meeting on the pact in Brussels last night, Minister for…
MoreGovernment tightens economic policy
Denmark has tightened its economic affairs so drastically that it should have no problems living up to the demands of the EU’s fiscal pact, experts and politicians claim. Although it’s still unclear as…
MoreSupervision of ROJ TV
The Radio & TV Commission has launched a new investigation into the editorial content of ROJ TV, the Kurdish TV network found guilty of operating as a mouthpiece for the Turkish terrorist organisation…
MoreAlcohol abuse costs the Danish state billions of kroner
A new National Board of Health report shows that 52,366 people who were registered as alcoholics in 2010 cost local authorities an extra DKK3.1bn in social and sickness benefits, incapacity pensions, and the…
MoreFLSmidth to acquire Ludowici in $267m deal
(From The Australian) DANISH industrial plant maker and services supplier FLSmidth has entered into an agreement to acquire Australian peer Ludowici for $7.20 a share, a premium to the current share price of…
MoreDanes prefer welfare to work
Despite raging unemployment and the financial crisis, Danes are unwilling to take low-paid menial jobs in the service sector. A new survey reveals that 80 per cent of all cleaning assistants, dishwashers, or…
MoreNo funding for cheap houses
Potential buyers are being denied the opportunity of buying cheap housing in outlying, devastated regions of Denmark because mortgage companies won’t provide financing for properties costing under DKK500,000. An estimated 2,000 houses are…
MoreHousing market: Sellers forced to drop their price
Sellers were forced to slash the price of their house or apartment by a collective DKK10.9bn last year, the equivalent of DKK1.25m per hour and a significant increase on the previous year’s total…
MoreEU bans Iran oil deals
The EU has imposed an immediate ban on any new oil deals with Iran and will implement a total boycott of Iranian oil in July 2012. At the same time, 27 Foreign Ministers…
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