Government approves energy deal it opposed
Partially state-owned energy giant Orsted (formerly DONG) has sold its power distribution company in Copenhagen, Radius, to energy firm SEAS-NVE for a reported DKK 21.3bn($3.15bn). The deal has been approved by the government…
MoreNational Bank: Negative interest could get lower
Denmark holds the world record in negative interest rates but National Bank governor Lars Rohde has refused to rule out the possibility of them sinking even more. In July Denmark became the first…
MorePM lobbies for pre-Christmas climate bill
Prime Minister Mette Frederiksen is determined to push through a comprehensive climate bill before Christmas and has invited the political opposition and business leaders to thrash out a deal. In a speech to…
MoreIndustry’s green ambitions ‘unrealistic’
Experts have dismissed the Confederation of Danish Industry’s (DI) plan to finance its ambitious green agenda by adding 85,000 people to the labour market ahead of 2030 as ‘unrealistic’. In its 2030 ‘Together…
MorePrime Minister fears hard Brexit
Prime Minister Mette Frederiksen is pessimistic about the chances of Great Britain reaching a deal with the EU before the October 31st departure date. In a speech to the Confederation of Danish Industry…
MoreWealthy oil funds given free pass to tax refunds
Two major Arabic financial institutions that handle billions of dollars in oil revenue were mistakenly given a ‘free pass’ by the Danish tax authorities that enabled then to claim a share dividend refund…
MoreTerror suspect knew failed assassin
A man accused of supplying drones to the Islamic State told Copenhagen District Court, Tuesday, he was a close friend of Basil Hassan, who attempted to assassinate Danish author and critic of Islam Lars…
MoreWindy weather provides power surplus
Last Sunday’s stormy weather led to more energy than households could consume. New figures from Energinet show the strong winds that blew across the country sent wind turbines into overdrive, producing 130% of…
MoreCarsberg knew of Indian bribes in 2017
Carlsberg management was made aware of bribery allegations in India two years but failed to act. After it was revealed that managers at the brewing giant’s Indian subsidiary have made secret cash payments to…
MoreWholesale prices drop
The Producer Price Index (PPI), which reflects the selling (wholesale) prices received by producers of goods and services, declined further in August. The latest Statistics Denmark figures show producer prices fell 3.1 percent…
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