Surge in bankruptcies
An increasing number of businesses have been forced to file for bankruptcy following the corona crisis. 230 companies went bust in August, 10% up on the previous month and the highest number since…
MoreHome foreclosures warning
The number of bank foreclosures remains low but there are ‘dark clouds on the horizon’ a leading economist said last night after new figures showed that, despite a 5% increase last month the…
MorePension savings dip after 7-year upswing
The global financial markets’ downturn has shaved DKK 544bn off Danes’ pension savings – the latest figures show Denmark’s collective pension wealth was DKK 3,923bn at the end of the year’s second quarter…
MoreEconomists dismiss PM’s ‘amateurish’ claim
Prime Minister Mette Frederiksen’s claim that the Conservatives’ 2030 plan would cost 40,000 jobs in the public sector, dismissed as ’hocus pocus’ economics by her rival, Søren Pape Poulsen, Sunday, was denounced as…
MoreGas consumers facing big bills as Russia shuts down pipeline
Consumers in this country need to prepare for hefty gas bills this winter, economists warned yesterday as European gas prices rose by more than 25% after Russia said the North Stream 1 (NS1)…
MoreNo relief for debtors
Tax Minister Jeppe Bruus has dismissed calls to partially wipe out the debt of thousands of people who owe the state a collective DKK152bn (€20bn) in the form of unpaid taxes, VAT, speeding…
MorePlenty of jobs despite rise in unemployment
Despite a slight rise in unemployment there’s still a shortage of manpower. The latest Statistics Denmark figures show the number of vacancies in the private sector hit 71,400 in the second quarter of…
MoreEmergency aid to Pakistan
Denmark has donated an extra DKK10m ($1.3m) in emergency aid to Pakistan as floods continue to devastate the southern part of the country. Minister for Development Aid Flemming Moller Mortensen said in a…
MoreTax fraudster fights extradition from Dubai
A Dubai court will rule next week as to whether 52-year-old British businessman Sanjay Shah, the alleged kingpin behind the multi-billion kroner share dividend scam, Denmark’s biggest-ever fraud case, can be extradited to…
MoreReal wages fall as inflation rises
Real wages in this country are declining at a record rate as inflation soars. The Finance Ministry’s Economic Review for August shows wage earners are facing a 3.5% decrease this year, despite pay…
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