Danish banks have more ‘bad loans’ than Nordic neighbours
Danish banks are carrying a far greater debt burden than their Scandinavian counterparts. The latest review by Moody’s Investor Service projects that bad loans will account for 3 per cent of all Danish…
MoreSAS earnings up but problems remain
Scandinavia’s flagship airline SAS is in a ‘better place’ today, according to President and CEO Rickard Gustafson, but uncertainty remains and the airline is still facing substantial challenges he said after reporting positive…
MoreBusiness shorts
Dankort purchases up / Danish banks agree to extend Dankort cards to mobile phones / Nilfisk acquires US company Dankort: Retail purchases with the Danish national debit card, Dankort, rose 6.4 percent in the…
MoreDenmark ignores EU, adopts unilateral approach to migrant problem
Denmark is trying to put together a splinter group of European countries who, independent of the EU, will work together to send home far more illegal migrants than today. Faced with widespread disagreement…
MoreOpposition leader attacks PM on housing benefits
The government’s move to reduce housing benefits for pensioners provoked a stormy exchange between opposition leader Mette Frederiksen (Soc Dem) and Prime Minister Lars Løkke Rasmussen during the year’s final parliamentary question time,…
MoreUpdate – government backs down in benefits row
The government has managed to temporarily halt the furor surrounding its proposed cuts in housing benefits for the elderly by removing the proposal from the 2016 budget, but the issue isn’t dead according…
MoreDanish national charged under foreign fighter law
The Attorney-General and Minister of Justice have launched the first-ever prosecution of a Danish national for supporting the Islamic State (IS). The 23-year-old, of Turkish descent, is accused of ‘allowing himself to be…
MoreTerror threat level reduced as parliament passes treason bill
The national police reduced the terror threat level to ‘level three’ – significantly increased alert – after it was raised to the second-highest level – high alert – in the wake of the…
MoreDanish institute: Saudi coalition reflects rivalry with Iran
The 34-country ‘anti-terrorism’ coalition announced yesterday by Saudi Arabia can also be seen as a sign of the power struggle in the Middle East, a Danish expert claims. The alliance was announced by…
MoreProducer prices drop
Denmark’s producer prices declined in November, largely due to a fall in domestic market prices. The latest Statistics Denmark figures, published Tuesday, showed the overall producer price index fell 3.0 percent year-over-year in…
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