National Bank lowers growth forecast
The National Bank is no longer as optimistic about the economy as it was, after lowering its economic growth forecast for 2016 and 2017 for the third time this year. The Bank said…
MoreBig earnings for Dankort issuer
Card payment services company Nets, which issues the ‘national’ debit card, Dankort, has set an indicative price range for its upcoming initial public offering (IPO) that values the business at up to DKK32bn…
MoreCarlsberg’s struggles
One of Denmark’s most iconic global brands, Carlsberg, is struggling on the domestic market. Over the past five years its much smaller competitor, Royal Unibrew, has delivered eight times the returns that investors…
MoreLøkke heads for Bratislava with Brexit reservations
Key issues surrounding Great Britain’s impending EU exit remain unresolved, Prime Minister Lars Løkke Rasmussen said yesterday ahead of the informal EU summit in Bratislava that gets underway, Friday. In an interview last…
MoreNew commissioner dashes hopes of Danish Europol deal
Britain’s incoming EU commissioner has poured cold water on Denmark’s hopes of continuing as a member of the pan-EU police agency, Europol. Since Danish voters voted to maintain Denmark’s opt-out on justice affairs last…
MoreDenmark ready to host Medicines Agency after Brexit
Denmark may consider bidding for the London-based European Medicines Agency when the UK finally quits the European Union. Prime Minister Lars Løkke Rasmussen told parliament, Tuesday, that Denmark is definitely interested in hosting the…
MorePolitical doubts about CETA trade deal with Canada
A political majority is having second thoughts about the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada. CETA was set to be fast tracked through the EU Parliament as a supranational agreement, but…
MoreFinance Ministry ‘short-changed’ on DONG deal
Leaked paperwork reveals the Finance Ministry ignored internal financial projections showing that DONG Energy could have increased its value by DKK50bn (€6.6bn) before selling a 19% shareholding to Goldman Sachs in 2013 by…
MoreBan on travel to conflict zones in Syria, Iraq
From the end of this month it will be illegal for Danish citizens and residents to travel to designated conflict zones in Syria and Iraq. Parliament passed a bill in June approving a…
MoreTax Minister hits IT firm with multi-million lawsuit
The Tax Ministry is suing IT-company KMD for DKK692m (appr. $100m). KMD is responsible for the EFL automatic recovery system that sends out demands for unpaid taxes, fines, and duties but which has…
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