Jobless figures dip
The jobless figures fell slightly in July. The latest Statistics Denmark data shows the gross unemployment rate fell by 5,500 to 148,100 in July from 153,700 in the preceding month – 5.2 percent…
MoreBusiness shorts
Business confidence up….Novo launches insulin production in Iran….Former head of Trade Council heads Berlin embassy….. Business confidence has improved this month. The latest Statistics Denmark figures showed business confidence rose to 84.9 in…
MoreFinance Minister presents frugal ‘corona budget’
As reported, Monday, the government’s draft budget for 2021 has one, single overriding aim – to steer Denmark through the corona crisis safely, soundly and with as few economic repercussions as possible. After…
MoreNext generations to foot corona bill
Danish taxpayers will be forced to foot the multi-billion bill for the corona crisis for many years to come, senior Nordea economist Helge Pedersen said yesterday after the government presented its draft budget…
MoreGovernment needs to borrow big
The government will need to borrow DKK374bn ($60 billion) this year, 25% more than its previous forecast of DKK294bn, the Finance Ministry announced yesterday. Leading economists had expected less because the government’s emergency…
MoreGovernment to subsidise work-share scheme
Companies and businesses hard hit by the corona crisis will be allowed to implement work-sharing programmes to replace the wage compensation scheme that expired, Monday. Under the terms of a new tripartite working…
MoreTight budget but bonus for Queen
Despite the prospect of a very frugal budget next year there’s still enough money to give the Queen a pay hike. Queen Margrethe herself will receive DKK89.3m (€12.5m) in 2021, an increase of…
MoreRussian jet buzzes Danish airspace
A Russian fighter jet committed a ‘significant violation’ of Danish airspace while intercepting a U.S. Air Force bomber in the Baltic Sea region last week, NATO’s Allied Air Command claimed yesterday. The Russian Su-27,…
MoreWar games close to Denmark
The idyllic Swedish island of Gotland in the Baltic, close to Bornholm, has experienced a military build-up over the past few days as troops, armoured personnel carriers and other military vehicles have arrived…
MoreTaxman targets Google
The Danish taxman has launched an investigation into whether Google is paying what it should in this country. The global search engine’s Danish wing acknowledged yesterday that the Skattestyrelsen – Danish Tax Agency-…
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