Thursday , April 26 2018
Breaking News


World Economic Forum & Denmark launch unique partnership in San Francisco to embrace Fourth Industrial Revolution


COPEHANGEN: Denmark partnership is aimed at forging new global alliances between a multitude of stakeholders including the private sector incl. technology companies, governments & civil society to help shape and develop the state-of-the-art approaches, policies and regulations of tomorrow in order to utilize opportunities occurring in the Fourth Industrial Revolution. As a small and advanced country Denmark is already one ... Read More »

Global market launch of Danish firm’s bioplastic toys


COPEHAGEN: Matthiasen told Danish newspaper Nordjyske that one of the reasons Dantoy’s pre-tax profit in 2017 declined to DKK 90,000 (around EUR 12,000) from DKK 1.1m the year earlier was due to the investments in new machinery to make itself competitive. He said bioplastics toys such as plates, cutlery and tractors with tilting ladder would be available on store shelves ... Read More »

Denmark’s export credit agency to get new CEO


COPEHAGEN: Denmark’s export credit agency EKF is seeking a new CEO after Anette Eberhard announced that she is leaving the post. She will depart the agency on October 1 to join PKA AIP, the investment arm of the Danish pension fund, as CEO and managing partner. Eberhard has been with EKF for 17 years. She was appointed the agency’s CEO ... Read More »

Danish Bank Warns Against Cryptocurrencies


COPENGHAN: Danske Bank situated in Copenhagen, Denmark, has prompted clients against putting resources into digital forms of money, the bank declared on its site. The bank, which has branches in Trondheim, Norway, and Vilnius, Lithuania, does not allow the trading in Cryptocurrencies on its platforms. Cryptographic forms of money are not allowed by the country’s national bank; subsequently, Danske Bank ... Read More »

Foreign business travellers a boon to Danish coffers


COPENHAGEN: On average, foreign business tourists spend 2,150 kroner per 24 hours in Denmark, compared to 1,800 kroner spent by leisure tourists from abroad, 1,750 by Danish business travellers and 1,300 by Danish leisure tourists. “We have good possibilities in Denmark when it comes to competing for business tourists. We have a lot going for us – but so do ... Read More »

Amazon subsidiary to open office in Denmark


COPEHAGEN: Amazon Web Services (AWS) provides on-demand cloud computing platforms to individuals, companies and governments, enabling them to place data and systems on Amazon’s servers. The Amazon subsidiary has rented space in Copenhagen’s Codan Building, located by Sankt Jørgen Lake in the Vesterbro district, Ritzau reports. “We are looking forward to creating new jobs and investing in different areas from ... Read More »

Danish prime minister tells Theresa May Brexit will cause more bureaucracy


COPENHAGEN: Denmark’s prime minister has warned Theresa May that Brexithas a “price tag” after a meeting between the two leaders in Copenhagen. Speaking at a joint press conference with Ms May after the meeting, Lars Løkke Rasmussen said Brexit would create “more bureaucracy” for businesses trading between the two countries. At the bilateral meeting in the Danish capital the two leaders ... Read More »

Denmark hits 1,200 former Uber drivers with additional tax

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COPENHAGEN:  Denmark’s tax authorities are demanding nearly 1,200 former Uber drivers to pay an additional $1.9 million in taxes for 2014 and 2015, after finding tax avoidance among close to all the drivers controlled. The ride-hailing service launched in Denmark in 2014, but parliament passed a law in February 2017 that introduced more stringent requirements on taxis, such as mandatory fare ... Read More »

Sweden’s air tax could benefit Danish aviation


COPEHANGEN: Denmark’s Scandinavian neighbour introduced a new aviation tax on Sunday that will add an extra charge to all passenger flights from the country, in a bid to lessen air travel’s impact on the climate. But the move could also have the effect of rerouting travellers through Denmark, according to shares analyst Jacob Pedersen of Danish bank Sydbank. “There is ... Read More »

Denmark’s plan to rid country of ghettos some immigrants


CPENHGEN: : Political leaders refer to these areas as “holes in Denmark’s map,” where Danish language and values are lost to generation after generation of residents. Currently, there are 25 ghettos in Denmark, scattered throughout the country. Of the 60,000 people living in these areas, two-thirds are from non-Western countries including Turkey, Syria, Iraq, Lebanon, Pakistan and Somalia. Because these ... Read More »

Danish public broadcaster DR faces 20% funding cut over 5 years as licence fee vanishes


COPENHAGEN: Danish government and political party Dansk Folkeparti have agreed to replace the public broadcasting service fee with a tax-funded system. This is expected to cause a 20 percent reduction in funding for public broadcaster DR over the next five years, it said. This corresponds to about half the cost of running DR’s main television channel DR1, or the entire ... Read More »

Denmark faces dilemma over Russian gas pipeline


COPENHAGEN:  Denmark is under pressure to rule on whether a new Russian pipeline supplying gas to Germany can be built near its Baltic coast, a decision that puts it in the line of fire from friend and foe alike. Denmark does not want to act alone in resolving one of the biggest foreign policy quandaries that the small European Union ... Read More »

Denmark foreign state targets universities in Cyberattack


COPENHAGEN: Denmark says staff at its universities have been targeted in a cyberattack conducted by a foreign state. A foreign power has had access to “several” email accounts of current and former university staff members after successful phishing attacks dating back to the period 2014-2016, the Danish Defence Intelligence Service said in a statement Friday. Authorities have now contacted the ... Read More »

A world first renewable energy system inaugurated in Denmark


COPENGAHEN: The vision to set new standards for cost-competitive renewable heat and power production became a reality today with the official opening of a revolutionary green energy facility in Denmark. Inaugurated by the Danish Minister of Energy, Utilities and Climate, Mr. Lars Christian Lilleholt, the 45 million EUR investment is now ready to produce both sustainable power and heat with ... Read More »

Humanities at risk as Denmark ties course places to labour market


COPENHAGEN: Major reforms of higher education in Denmark could further cut the number of students studying humanities subjects, observers warn. One of the key recommendations of a report drawn up by rectors, government officials, academics and business representatives is that the number of study places available in each discipline should be linked to labour market need, which critics say is the latest ... Read More »

Record number of Danish companies turning to research


COPENHAGEN: The figures also showed that Danish business investment in research and development has increased by 15 percent since 2010, which is less of a spike compared to what Sweden (18 percent) and Norway (32 percent) saw during the same period (see graph below). Finland, meanwhile, has seen a nearly 30 percent decrease since 2010 – a downturn that has ... Read More »

Denmark firm named Nordic sales rep for daher TBMs


COPENHAGEN: Denmark-based European Aircraft Sales was appointed Daher’s sales representative in Scandinavia for the TBM 910 and 930 turboprop singles today. Its sales territory includes Denmark, Norway, and Sweden. “With positive economic forecasts for the Nordic region, we expect our new sales partner to expand the TBM aircraft family’s presence in this market,” said Nicolas Chabbert, senior vice president of ... Read More »

Denmark tops tax burden league table


COPENGAHEN: Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY. UHY studied 34 countries around the world, calculating what percentage of that country’s GDP is taken by the government in tax and found that Denmark’s tax take represented 53.5 percent of GDP in 2017. Western ... Read More »

Danish gambling revenue up almost 7% year


COPENHAGEN: Denmark’s gambling community continues to thrive. Following the release of data by the Danish Gambling Authority (DGA), gambling revenue for the final quarter of 2017 is up across the entire market. This includes online and land-based casinos, betting facilities and gaming machines. The rise in online activity in the country is congruent with what the global online gaming community ... Read More »

Denmark’s inclusive growth programme for Nepal to miss extended deadline


COPENHAGEN: The under-construction physical infrastructures under UNNATI  Inclusive Growth Programme in Nepal   being carried out with the financial assistance from Denmark is likely to remain incomplete. With the construction of infrastructure still incomplete near the extended deadline, the allocated fund of Rs 483,641,000 made by the Danish government for UNNATI project will have to be returned. A total of 13 ... Read More »