Consumers confident but reluctant to spend
Consumer confidence continues to rise but private spending remains low. Although the consumer confidence index stretched its record-breaking period of growth by a sixth month in August, to 11.4 points, new Statistics Denmark…
MoreBusiness shorts
DONG deal with Vestas / Maersk Oil cutbacks in USA DONG: DONG Energy has reached a conditional agreement with turbine maker Vestas to purchase 32 of the manufacturer’s latest design offshore wind turbines…
MoreGovernment launches DKK6bn health package
The government will present a multi-billion kroner health package today, which in addition to granting extra funding for the fight against cancer will also include massive investment in treatment for the chronically ill…
MoreUnemployment debate damaging for Social Democrats
The growing political dispute about unemployment benefits will encourage even more Social Democrat voters to flee the party, Berlingske’s political analyst Thomas Larsen predicted yesterday. And it’s the Danish People’s Party, who joined…
MoreAid spending dispute
Denmark’s development aid budget will grow next year despite calls for cuts from the opposition. Development Aid Minister Mogens Jensen said Denmark will maintain the current level of 0.83% of GNI (Gross National…
MoreNew company hit by listeria – fears of swine fever epidemic
Another company has been hit by the listeria bacteria outbreak. The cold cuts production wing of the Delikas Hammel food company was closed down by the Danish Veterinary & Food Administation, Wednesday, after…
MoreIslamic State flags on sale in Copenhagen
Flags carrying the Islamic State’s (IS) logo are being sold in Copenhagen. Ali Daghim, a young Palestinian father admitting selling the items on Facebook ‘to raise money for aid organisations in Syria’ but…
MorePoland questions social dumping rules
The Polish government has questioned the legality of a Danish system used by unions and the authorities to combat social dumping. Since 2008 foreign companies that provide services and post workers to Denmark…
MoreDanish companies post big profits despite low growth
Denmark’s biggest companies are earning money like never before, despite an inability to increase turnover. A review of Q2 accounts published by 16 of the ‘blue-chip’ names on Copenhagen Stock Exchange’s trend setting…
MoreCarlsberg’s earnings hit by Russian sanctions
Danish brewing giant Carlsberg has warned that its 2014 operating profit will decline due to deteriorating conditions in Russia, which generates some 35 percent of its profits. From Reuters: Carlsberg’s large exposure to…
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