Retail sales up as prices rise
Despite galloping inflation and record-low consumer confidence, retail sales grew for the first time in three months in April. The latest Statistics Denmark figures show retail sales rose a seasonally adjusted 1.7 percent month-on-month…
MoreEconomy cools down
The Danish economy has shrunk for the first time since 2020. The latest Statistics Denmark figures show GDP dropped by 0.1% sequentially in the year’s first quarter (Q1) after expanding by 3% in Q4/2021,…
MoreUnemployment lowest since 2008
The jobless rate has fallen to a 14-year low, despite surging inflation and the war in Ukraine. The gross unemployment rate dropped to 2.4% in April, the lowest since June 2008, according to…
MorePM calls for quick fix to Hungary problem
The EU needs to find a quick solution to the disagreement with Hungary regarding a sixth sanctions package against Russia, Prime Minister Mette Frederiksen said in Brussels, Monday, ahead of a two-day extraordinary…
MoreDefence Industry in last-minute appeal to voters: Drop the opt-out
The Danish Defence Industry has urged voters to drop the EU defence opt-out in tomorrow’s referendum, which they claim is costing military supply companies billions of kroner in lost orders. The industry turns…
MoreArms donation to Ukraine tops DKK2bn
Denmark’s military contribution to Ukraine has now topped DKK2bn ($295m). Defence Minister Morten Bødskov confirmed the figure in an official response to parliament, Monday, but declined to offer any specific details due to…
MoreDenmark could be excluded from €500m EU fund to replenish low arms stockpiles
Countries’ depleted stocks of ammunition and military equipment are high on the agenda of the two-day extraordinary summit of 27 EU leaders that got underway, Monday. Ahead of the summit, a confidential report…
MoreRussian gas supplies could be cut after Ørsted rejects rubles demand
Denmark’s gas supplies from Russia could be turned off tomorrow after partially state-owned energy company Ørsted again refused to make payments in rubles. Ahead of the June 1st deadline set by Russian President…
MoreSupreme Court to rule on Iraqi torture claim
The Supreme Court will rule today on whether the Defence Ministry can be made liable for the mistreatment of 23 Iraqis during ‘Operation Green Desert’ in 2004. The Ministry has so far spent millions…
MoreWindfall profits for Danish vaccine supplier as monkeypox spreads
Danish biotech company Bavarian Nordic is heading for a multi-billion windfall from the growing monkeypox crisis. The company upwardly adjusted its earnings expectation for 2022, Monday, after signing supply contracts with several undisclosed…
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