Copenhagen will provide free micro-loans
Starting next year, Copenhagen will provide free micro-loans to unemployed workers and disability claimants to help start their own businesses; loans between DKK5,000 and DKK50,000 will be offered. Henrik Appel from the City…
MoreEU agricultural subsidies being abused through loophole
Agricultural subsidies can end up in the pockets of recipients who have nothing to do with agriculture, according to independent research group Farmsubsidy. Research shows that the list of EU farm-subsidies recipients include camping…
MoreGovernment to lower language requirement for foreigners
The government’s new parliamentary legislation on immigration policy will be relaxed to make it easier for foreigners to obtain a residence permit. Apart from removing the controversial points system, the language requirement for…
MoreSkanderborg councils ignored numerous warnings
Over the last ten years, there had been many different warnings about the sexual allegations surrounding the child-care centre in Skanderborg, according to an investigation by DR News. Last week, the centre’s manager…
MoreDanish drug sold to pharma giant Abbott
Biotech company Action Pharma has sold a drug to help fight chronic kidney disease to global pharmaceutical manufacturer Abbott. The details have not yet been disclosed, but the sale price is likely to…
MoreToday is ‘Store Bededag’ (‘Great Prayer Day’)
Friday May 4th is a public holiday in Denmark. All of us here at 7:59 hope you have a lovely weekend.
MoreDoes the Cimber Sterling bankruptcy have a hidden agenda?
Effective immediately, Cimber Sterling airline has declared bankruptcy and cancelled its operations, leaving hundreds of travellers stranded. The collapse comes after several years of economic turmoil for the company, which has struggled with…
MoreNegotiations about EU bank rules to continue
Minister for Economy and Interior Margarethe Vestager insisted that EU ministers are very close to reaching a consensus on what she calls “some of the most important legislation to arise from the lessons…
MoreMore homeowners are paying loans on time
The number of Danish homeowners who have trouble paying their loans on time is at its lowest level since the financial crisis erupted in 2008. New figures from the Association of Danish Mortgage…
MoreDanish company sells for billions in British buy-out
The board of directors of Thrane & Thrane has accepted an offer of DKK2.5bn from British Cobham. Lars Thrane, the founder and majority shareholder of the Danish satellite and communication-equipment manufacturer, originally opposed…
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