Business shorts
Siemens signs Viking Link deal / ‘Red-hot’ property market / Banks reject foreign currency…. Germany’s Siemens has won a €1.1bn contract to install equipment for two converter stations that will connect Denmark and…
MoreDanish business leaders fear hard Brexit after Boris Johnson takes over
The likelihood of a hard Brexit, whereby the UK leaves not only the EU but the single market and the customs union with no deal, has increased considerably following the election of Boris…
MoreExpert: Government unlikely to support ‘confrontation strategy’ in Persian Gulf
A highly respected foreign policy expert has cast doubts on whether Denmark will join a European-led naval mission to ensure safe shipping through the Strait of Hormuz. After it was reported, Monday, that…
MoreFree education for refugees as government eases immigration policy again
The government has again been accused of rolling back its predecessor’s strict immigration policy by promising to give refugees granted temporary residency the possibility of free, further education. The Danish People’s Party’s foreign…
MoreDanish job centres in southern Europe?
The government is considering setting up job centres abroad to encourage unemployed residents of countries such as France, Italy and Spain to come to Denmark and help fill the manpower gap. The government’s…
MoreBornholm fishers hit by EU cod ban
Bornholm fishing companies have warned of serious financial repercussions after the EU Commission yesterday announced emergency measures that will ban, with immediate effect, commercial fishing for cod in most of the Baltic Sea…
MoreConsumers pessimistic about economy
Despite the strong economy, consumers have become more pessimistic. The latest Statistics Denmark figures show consumer confidence took a nosedive to 2.9 points in July, half of June’s 5.8 points and the lowest…
MoreDenmark to join protection force in the Gulf?
Denmark could become part of a European task force set up to protect ships passing through the strait of Hormuz. Britain’s foreign secretary Jeremy Hunt yesterday characterised Iran’s seizure of a British oil…
MoreU.S. could ask for help in Iran crisis
Denmark is in danger of being dragged into a new conflict in the Middle East if the crisis between the USA and Iran continues to escalate. According to left-wing daily Information, citing leading…
MoreDenmark 4th-most expensive in Europe
Denmark is Europe’s 4th-most expensive country, a new Eurostat report shows. Consumer prices in this country were on average 38% higher than the rest of Europe in 2018 but less than Norway (48%),…
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