EU: Danish growth to remain stable
GDP growth in the eurozone is expected to fall slightly next year but Denmark will remain relatively unscathed. According to the EU Commission’s 2019 Summer Economic Forecast, political uncertainty and trade tensions with…
MoreDenmark sails past U.S. in merchant shipping
Denmark’s reputation as a seafaring nation is reflected in new figures showing the merchant shipping fleet is now the 5th-largest in the world. A new report by Danish Shippers shows that 18 months…
MoreInflation dips for 3rd consecutive month
Inflation continues to fall. The latest Statistics Denmark figures show the consumer price index rose by only 0.6 percent year-on-year in June, which was slower than the 0.7 percent increase in May and…
MoreExports, imports slow down
Exports and imports increased in May, year on year, but at a slower rate than April. The latest Statistics Denmark figures show exports excluding ships, aircraft, and fuel climbed 3.8 percent year-on-year in…
MoreMaersk replaces oil with renewable energy
A.P. Moller Holding, the family-owned fund that controls Denmark’s biggest company, A.P. Moller-Maersk, will acquire Danish wind turbine supplier KK Group in a first step into the renewable energy industry. The acquisition marks…
MoreBusiness shorts
Vestas inks India deal / Japanese investors like Danish bonds / Pension funds invest in Texas wind farm…. Vestas has signed a deal to build a new assembly plant in India that will…
MoreEx-Minister: Ghettoes are ghettoes
The new government is determined to ease up on its predecessor’s strict immigration and integration policy, former integration minister Inger Støjberg said yesterday after Housing Minister Kaare Dybvad slapped a ban on using…
MoreGovernment joins push for EU financial transaction tax
The government is ready to join the group of ten countries pushing for an EU financial transaction tax (FTT). The Social Democrats have for years supported the idea of a 0.2% tax on…
MoreRussian nuclear submarine passing through Danish waters today
Four Russian military vessels will pass through Danish territorial waters today on their way to the annual naval parade in St. Petersburg. The nuclear-powered submarine Smolensk, missile cruiser Marshal Ustinov, guided missile destroyer Severomorsk, and the…
MoreSomalis cheated state out of millions
Two Somali nationals have been jailed for three years and three months after admitting to defrauding the state out of millions in public funding earmarked for socially vulnerable Somali refugees and their descendants….
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