Economic Minister’s gloomy growth forecast
Minister for the Economy Morten Østergaard has warned of a possible downward revision of the government’s growth estimate for 2014. During a parliamentary hearing when he was asked to defend the government’s growth…
MoreProfessor: economic downgrade is no surprise
Economists react with “I told you so” towards the downward revision of growth by Economy Minister Østergaard (R) on Thursday. Professor Niels Westergaard-Nielsen, Department of International Economics and Management at CBS, said that…
MoreWholesale store Metro may close doors in Denmark
Metro Cash and Carry, international self-service wholesaler, will likely close its five Denmark locations after several years of losses. Metro has stores in five cities Copenhagen, Glostrup, Herlev, Aarhus and Aalborg. Metro Group…
MoreRecord number of guests in Danish hotels
The number of overnight stays in Danish hotels was the highest ever in 2013, with a total of 12.9 million. This is mostly due to an increase in tourist visits from neighboring countries…
MoreEU ruling sabotages standardized wages debate
A recent EU decision in Germany will make it difficult to establish a requirement of Danish minimum wage for work implemented on foreign soil. The European Court of Justice ruled that it goes…
MoreEU pension funds copy Denmark
European pension funds could become more, rather than less adventurous in their investment strategies after the European Union introduces tough new rules on capital requirements that mirror Denmark’s, Reuters reports. EU pension funds…
MoreBusiness shorts
US regulators set to approve Maersk alliance / Maersk losing money on Russian ports / Novo’s diabetes breakthrough Maersk alliance: U.S. regulatory approval of a proposed shipping alliance involving AP Moeller Maersk should be…
MoreSocial Liberals won’t back down on unemployment reform
By accusing the left wing of spreading lies about the repercussions of unemployment reform the Social Liberals have issued a hidden warning to both the Social Democrats and Socialist People’s Party (SPP) –…
MoreLefties urge parties to boycott DPP
The Red/Green Alliance has urged other parties to follow the lead of Sweden and give the Danish People’s Party (DPP) the cold shoulder when they come to form a government after the next…
MoreLiberals’ cap on spending will have minimal effect
Although the Liberals (V) are determined to freeze public spending if they re-gain power at the next election, calculations by the Finance and Employment ministries show it will have little effect. The party’s …
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