Business shorts….
National Bank expected to follow ECB, cut deposit rates / IKEA snaps up Vestas’ Romanian turbines / LEGO is still Denmark’s leading brand…. According to reports the National Bank is preparing to cut…
MoreJihadists behind multi-million tax fraud
Danish jihadists are suspected of masterminding a multi-million VAT fraud in this country. A review of court documents and bankruptcy filings by left-leaning daily Information reveals how a business network of Syrian foreign…
MoreWhere’s Løkke? (Planning a new party?)
Ex-Liberal leader Lars Løkke Rasmussen has gone underground since he dramatically quit ten days ago. The former prime minister has failed to attend party meetings and has been conspicuously absent from Twitter and…
MoreVestager wins new term as competition commissioner
Denmark’s Margrethe Vestager, who ahead of this year’s EU election was on a short list to become president of the EU Commission, has been appointed to an unprecedented second term as the EU’s…
MoreDanish Crown opens new factory in China
Danish Crown, the world’s largest pork exporter, has opened a new factory in Pinghu, China, around 100 km from Shanghai. At the official opening ceremony, Tuesday, Minister for Food & Fisheries Mogens Jensen, who’s currently…
MoreMedicine exports boost trade figures
Denmark’s exports grew much faster than imports in July, boosted by sales of pharmaceutical products. According to Allan Sørensen, senior analyst at the Confederation of Danish Industry, ‘the world economy may be struggling…
MoreRecord-low inflation
Inflation rose by no more than 0.4% on an annual basis in August as consumer prices remained extremely stable. The latest Statistics Denmark figures show clothing and footwear prices dropped 3.2 percent, and…
MoreBusiness shorts
Maersk invests millions in US ports / Novo Nordisk cuts prices in USA / Samsung outsells Apple….. Maersk has teamed up with Ports America, the largest terminal operator in the US, to invest…
MoreDanes have lost confidence in US, look towards EU
After three turbulent years of Donald Trump’s presidency a new pan-European study shows Danes no longer trust the USA and believe the EU is a stronger guarantor of Denmark’s security. ‘Give the people…
MoreChallenge to Støjberg signals more division within Liberal ranks
After a week of relative calm since party leader Lars Løkke Rasmussen’s shock resignation ago the Liberals (V) have been hit by new disruption within the ranks after former health minister Ellen Trane…
More
