Drop in oil prices will lead to budget shortfall
The global collapse of the price of oil will lead to a dramatic shortfall in the state’s finances over the next few years. A new Finance Ministry memo projects the ‘economic latitude’ –…
MoreExporters prefer growth markets to Great Britain
Denmark’s exports to Great Britain have fallen dramatically over the past few years, from DKK60bn in 2012 to DKK39bn in 2015. From being the most important export market in 1972, which forced Denmark…
MoreNational Bank declines to follow ECB
The National Bank ignored an ECB cut and left its benchmark rate unchanged on Thursday, which means the difference between Danish and European Central Bank deposit rates is at its narrowest in 14…
MoreInflation slows
Denmark’s consumer price inflation eased for the first time in three months in February, figures from Statistics Denmark showed Thursday. The consumer price index rose 0.3 percent year-over-year in February, slower than previous…
MoreBalance of payments increase as exports drop
Denmark’s foreign trade surplus climbed in January from a month ago, as imports fell faster than exports, figures from Statistics Denmark showed Thursday. The trade surplus rose to DKK 6.2 billion in January…
MoreTop-level US praise for Denmark
The USA ‘sympathises’ with Denmark’s refugee policy, Foreign Minister Kristian Jensen said yesterday after a Washington DC meeting with his US counterpart, John Kerry. He noted that despite the negative headlines in leading…
MoreForeign Minister: Merkel underestimated refugee problem
Foreign Minister Kristian Jensen said yesterday Chancellor Angela Merkel had underestimated how many refugees would flood into her country as a result of Germany’s open-door policy. In a speech to a Washington DC…
MoreLA pushes for extended war commission
After months of political in-fighting about the disbanded Iraq Commission the issue took a new turn yesterday. With the backing of a political majority the Liberal Alliance (LA) urged Justice Minister Søren Pind…
MoreChild bride and husband return to asylum centre
A married Syrian couple who fled from an asylum centre in protest last week after the immigration authorities ordered them to live apart because the wife is under 18 agreed to return last…
MoreTerror trial starts today
The trial against four young Muslims accused of aiding killer Omar El-Hussein last year during last year’s Copenhagen terror attack gets underway in Copenhagen District Court today. The four stand accused of aiding and…
More
Danish Krone Exchange Rate