Housing prices post biggest drop since 1942
The housing market suffered its biggest setback for 70 years in 2011, as prices dropped by 8.7 per cent, new Statistics Denmark figures show. Based on the new figures, each individual homeowner lost…
MoreDenmark avoids recession
Denmark has narrowly avoided slipping into recession. GDP grew by 0.2 per cent during the fourth quarter of 2011, just enough to ward off recession fears but far less than economists’ forecast of…
MoreFar left wins transport concessions
The far-left Red/Green Alliance has successfully forced through its demand for extra funding for cheaper and better collective traffic. In addition to the DKK1bn that the government set aside last week in compensation…
MoreMaersk grandchild moves up corporate ladder
Robert Uggla, grandchild of Maersk McKinney-Moller, has been appointed new CEO of SVITZER, A.P. Moller-Maersk’s (APM) towage and salvage division. The 33-year-old Mr Uggla, son of Maersk McKinney-Moller’s eldest daughter, Ane, is known…
MoreMærsk earns too much from North Sea oil
The conclusions of a new economic experts’ report are so damning that the Socialist People’s Party (SPP) is calling for a full review of the North Sea oil contract agreed between A. P….
MoreDPP insists on ‘credible’ pension alternatives
The Danish People’s Party (DPP) has agreed that the incapacity pension plan needs to be reformed, but won’t be immediately endorsing the proposal presented by the government yesterday. According to finance spokesperson Kristian…
MoreAPM Terminals aims for world dominance
APM Terminals, the port-operating arm of Danish shipping and oil gaint A.P. Moller-Maersk A/S, aims to become the world’s largest and most profitable in its field by 2014 and will continue to invest…
MoreWammen: “We will respect Ireland’s vote”
Minister for European Affairs Nicolai Wammen (Social Democrats) said he doesn’t see any parallel between the Danish and Irish governments, after Ireland decided to send the EU financial pact to a referendum yesterday….
MorePirate attack left two dead
Military investigators are on their way to Africa to question crew members of the Danish warship Absalon about a clash with pirates that ended with two hostages, an Iranian and a Pakistani, losing…
MoreCrackdown on gangs
300 criminal bikers and gang members behind bars by the end of 2012 – that’s the aim of the police when they present their crime-busting targets to politicians at Christiansborg today. The police…
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