The end is near for negative interest rates
Thursday was the beginning of the end for negative interest rates at Danish banks, analysts predicted after the European Central Bank confirmed its intention to raise its base interest rate next month and…
MoreControversy surrounds new radar system in Faroes
Under pressure from Denmark, the Faroe Islands have agreed to host a new early warning radar system to monitor hostile aircraft, replacing a similar system that was shut down in 2007 following the…
MoreRussian trawlers use Faroe Islands ports despite sanctions
Despite EU sanctions, Russian trawlers are still welcome in the Faroe Islands. Although the home rule government has consistently said it will follow the west’s hard-line policy against Moscow and impose the same…
MoreEU Court ruling threatens border controls
The government could be denied permission to extend border controls with other Schengen Area countries that are set to expire in November. The checks, first introduced in 2016 in a bid to enhance security…
MoreEX-PM: NATO made two serious mistakes regarding Ukraine
Ex-NATO secretary general Anders Fogh Rasmussen has admitted the western military alliance made two serious mistakes some years ago that prevented closer cooperation with Ukraine. In an interview with Foreign Policy magazine the…
More3 die in Listeria outbreak
15 people in Denmark were infected with Listeria in May, including three elderly patients who died. The National Serum Institute said it’s ‘highly unusual’ to see such a high figure and is trying…
MoreIndustrial output slows
Denmark’s industrial output slowed in April. The latest Statistics Denmark figures show industrial production rose a seasonally adjusted 1.1 percent monthly after a 4.6 percent growth in March. The agency said despite the…
MoreBusiness shorts
Energy island to become global data hub….Baltic Pipe commissioned….Mærsk launches alternative to trans-Siberia rail route… Partially state-owned green energy company Ørsted and ATP, Denmark’s largest pension and social security provider, have signed an…
MoreAnalysts fuel autumn election rumours
Leading analysts are confident the Prime Minister is preparing to call an election this autumn, following her speculation about a left-right multi-party coalition in the future. TV2’s Michael Kristiansen, a former advisor to ex-PM…
MoreDenmark continues to fight minimum-wage directive despite EU agreement
Despite fierce Danish opposition the EU has reached agreement on a minimum wage directive for EU citizens. Although European Jobs Commissioner Nicolas Schmit offered assurances yesterday that Denmark’s cherished collective bargaining system will…
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