Retail sales down
Retailers continue to struggle as consumers keep a tight rein on spending. Retail sales fell in July by 0.6% after rising slightly in May and June. Clothing, which represents a tenth of the…
MoreSaxo Bank impresses
Online Danish investment bank Saxo has published impressive half-yearly figures for 2103, showing a pre-tax profit of DKK407m on an operating income of DKK 1,749m – the best result for three years. From…
MoreSyria: Denmark calls for UN investigation
Denmark has urged the UN to ‘hastily investigate’ accusations of the use of chemical weapons in Syria From the Danish Ministry of Foreign Affairs: Minister for Foreign Affairs Villy Søvndal states: “The reports…
MorePM upbeat about economy
On the first day of the Social Democrats’ annual summer meeting of MP’s, Prime Minister Helle Thorning-Schmidt said the over-riding mission of the government during its first two years in power has been…
MorePM launches attack on DPP
Prime Minister Helle Thorning-Schmidt touted her left-wing credentials, Wednesday, by launching an attack on the social policy of the Danish People’s Party, ‘a favourite of the right’. In an appeal to the thousands…
MoreProperty tax mess for government
The opposition parties are determined that thousands of homeowners who’ve paid too much property tax due to major miscalculations by the tax authorities should be refunded. After the National Audit Office published a…
MoreDenmark to ‘intensify’ close relationship with US
The closing down of the Afghanistan military mission will have no impact on Denmark’s close relationship with the USA which will be intensified in the future, Danish Defence Minister Nikolaj Wammen assured his…
MoreVestas boss fired – 1,325 redundancies to follow
Vestas CEO Ditlev Engel has been fired after eight years at the helm of troubled wind-energy company. He will be replaced by Anders Runevad from Swedish telecom giant Ericsson, former President of Region West…
MoreExporters missing out on African growth
Danish companies are getting a better foothold in the fast-growing African market but there’s still a lot of work to be done. Although Danish exports to the ‘dark continent’ have risen by 21…
MoreEncouraging dip in unemployment
The economy has been given a boost by new figures showing unemployment has fallen by 11,000. According to Statistics Denmark’s Labour Force Survey (LFS), a standard household-based survey of work-related statistics, regarded as…
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