Bankruptcy boom
The economic crisis continues to devastate the business sector. The latest Statistics Denmark figures show 477 companies filed for bankruptcy in May, compared to 363 in April, a 23 per cent rise and…
MoreChina criticism won’t work says Speaker
Criticising China’s human rights record is a waste of time, Speaker of the House, and former Foreign Minister, Mogens Lykketoft, said today – the only way to influence change is through dialogue. Minister…
MoreEspersen boycotts gala dinner for Chinese president
The Danish People’s Party’s Søren Espersen, a high-ranking member of Parliament’s Praesidium, is boycotting next week’s official state dinner for President Hu Jintao hosted by Queen Margrethe. Whilst expressing the ‘greatest respect’ for…
MoreNordea: Cash better than bonds
Nordea, the largest financial services group in the Nordic region, is urging its investors put their cash in the bank instead of low-interest government bonds. After years of recommending that customers looking for…
More$1.2bn profits for Maersk
The Maersk Group improved its results after tax by five percent from the 1st quarter of 2011 to the 1st quarter of 2012. For full details see: http://shippingwatch.dk/English_Version/article4693667.ece See also: Maersk Group looks forward…
MoreChinese cultural institute to open in Copenhagen
China is preparing to open a cultural institute in Copenhagen, similar to ones in France, Spain, and Germany but the first of its kind in Scandinavia. The Danish Ministry of Culture is putting…
MoreTown Hall: Legalise cannabis now
Copenhagen Town Hall politicians have renewed their call for cannabis to be legalised after claims that pushers in the ‘free state’ of Christiania are selling more than before the 2004 police crackdown. An…
MoreFinance Ministry: Tax incentive will cost jobs
The two-year ‘investment window’ agreed by parties, Monday, an integral part of the government’s tax reform that will allow companies to deduct 115 per cent of all new investments this year and next,…
MoreFewer vacant jobs
The number of job vacancies has fallen dramatically. Since January 1st, the number of jobs available on the intenet Job Index has fallen from 16,000 per month to 14,500, a reflection, according to…
MoreTax authorities chase foreign eggheads
Inflexible Danish tax legislation is keeping foreign scientists armed with lucrative research grants away from Denmark, despite the government’s aim of attracting more skilled manpower. Poul Nissen, head of the Department of Plant…
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