Friday , February 23 2018
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Denmark

Strukton takes over Danish rail business

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COPEHANGEN: The transaction includes maintenance contracts for state owned transport operator Sund & Bælt and for railway maintenance equipment. Under the deal, 26 previous Eltel employees will switch to Strukton Rail. Strukton Rail Denmark sees its new business segment as strengthening its operations in the areas of overhead line and track maintenance. “We are very pleased with our new colleagues ... Read More »

Danish Crown subsidiary to acquire Polish meat company

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COPENHANGE:  Danish Crown, the acquisition of Gzella will be executed based on a conditional investment agreement. Sokolow also said the intention of the agreement is to bolster the market position of the company and their brands in Poland and other international markets. Gzella Meat products will be added to 39 distribution centers and 51 Sokolow stores. “The acquisition of Gzella Meat ... Read More »

Bamberg county council passes resolution in support of Denmark tech

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COPENHENGE: Bamberg County Council passed a resolution Monday night stating its opposition to the S.C. Technical College System’s recommendation that Orangeburg-Calhoun Technical College take over Denmark Technical College’s service area. Saying the Denmark school can no longer operate as a standalone college, the 13-member governing board of the state’s technical college system issued a letter Jan. 30 to state government leaders, citing ... Read More »

Export of Danish biogas technology

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COPENHANGEN: Export of biogas technology is expected to reach growth of at least 100 per cent by 2035, but could exceed expectations, reaching as much as 900 per cent growth and 20,000 new Danish jobs, compared to the current 2,000 jobs in the field, writes dibusiness.dk. These are the scenarios laid out in an analysis from consulting agency Damvad Analytics, which ... Read More »

Denmark hammers out tax deal to tackle pension saving barrier

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COPENHAGEN: Danish government and a key political party have finally agreed on tax reforms that include incentives for retirement savings. The parties agreed changes to the way pensions are taxed, solving a long-running problem of no financial incentive to save for a pension in the years leading up to retirement. The pensions industry welcomed the deal, saying it eased the ... Read More »

Danish biotech firm to set up HUF 2b R&D center

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COPENHAGEN: Innovation, not increasing manufacturing capacities, represents competitiveness today, Minister of Foreign Affairs and Trade Péter Szijjártó said on announcing the investment Monday, as cited by online business news portal vg.hu. He added that this is why the government is supporting Foss, as a leading company in the development of food security. Niels Degn, senior vice president for R&D at ... Read More »

European commission cheesed off after Danish dairies flout ‘feta’ ban

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COPENHANGEN: Danish exporters have been caught red-handed selling cheese illegally branded as ‘feta’ overseas, in the latest twist in the long-running battle between Greece and Denmark over Europe’s most controversial dairy product. The European Commission has now demanded the Danes stop selling the cheese to non-EU countries as feta in a formal complaint. Only Greek feta can be labelled feta ... Read More »

Danish lawmakers agree to hike military spending

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COPENHAGEN:  Danish lawmakers on Sunday agreed to allocate an additional 12.8 billion crowns ($2.14 billion) to military spending over the next six years, citing Russia as one of the major threats to its security. Under the agreement, proposed in October last year, NATO-member Denmark will also establish a 4,000-member army brigade focused on the Baltic Sea. By 2023, military spending ... Read More »

Denmark produces global Maritime hub plan

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COPENEHEGEN: Denmark wants to become a global frontrunner through tests of maritime autonomous technologies and maritime digitalization, creating more work-experience places at sea and increasing the number of applicants admitted to the training programmes for masters and ship officers. It will also work closely with industry to ensure the development of an overall maritime marketing strategy. The Government’s ‘Plan for ... Read More »

Danish tax law may be in conflict with EU law

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COPENGEHEN: General published his opinion in the matter of Brevola, C-650/16, in which he states that the fact that a Danish company may not deduct the losses of a permanent establishment situated in another Member State in connection with the closing of such permanent establishment is contrary to EU law rules. provides that a Danish company, on stating its taxable ... Read More »

Danish delegation visits Ghana Customs

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COPENHEGEN: Denmark consisting of members of their Ministry of Foreign Affairs, Ministry of Development Cooperation and Ministry of Taxation, has paid a courtesy call to the Customs Division of the Ghana Revenue Authority (GRA). They were hosted by the Commissioner General of the Ghana Revenue Authority, Emmanuel Kofi Nti, who briefed the delegation on their interest in knowing the contemporary ... Read More »

Denmark targets digitalisation as it sets out global maritime hub plans for 2025

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COPENHEGEN: Denmark has placed digitalisation and being a knowledge hub at the heart of plan to grow its shipping sector to be a global maritime hub by 2025. The Danish Ministry of Economic and Business Affairs said that the plan aimed for Denmark to be a frontrunner in developing autonomous maritime technologies and maritime digitalization. The plan for growth has ... Read More »

Denmark supports EU proposal to renegotiate morocco’s fisheries agreement

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COPENHEGEN: The decision comes as a change of heart for the Danish Executive, known for its sympathy towards the so-called separatist Polisario. Denmark, which until now supported the cause of the Polisario for humanitarian reasons like other Scandinavian countries, has drastically changed its approach to the Sahara issue. In fact, a few months ago, the Danish Foreign Affairs Minister recognized ... Read More »

Denmark ATP to make fair tax checks on potential partners

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COPENHAGEN: Denmark’s largest investor, pension fund ATP, has begun to make random checks on business partners to avoid becoming entangled in aggressive tax avoidance schemes, its chief financial officer Bo Foged told Reuters. The move by ATP, the mandatory pension scheme for all Danes, worth more than $120 billion, follows the Paradise Papers and Panama Papers global scandals and efforts ... Read More »

Denmark carbon taxes do make economic sense

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COPENHEGEN: Unfortunately, our local state Rep. Drew MacEwen seems to miss the obvious conclusion in his recent piece on going to learn about clean energy in Scandinavia. The first half was all about Denmark and Sweden’s impressive transition to renewable energy, and what a good thing that is. But the second half was all about how we don’t need a ... Read More »

Danish parliament to Grill tax Chief on EU tax Havens

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COPENHEGEN: Danish Parliament’s tax committee has summoned the country’s tax chief to answer questions on whether the government may have pension funds invested among countries on the European Union’s tax haven blacklist. The committee will question Minister of Taxation Karsten Lauritzen on Jan. 11 in an open consultation. “The committee wishes to have a discussion with the minister as to ... Read More »

Denmark Novo Nordisk offers $3.1b for Belgian biotech group Ablyn

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BRUSSELS: Danish drugmaker Novo Nordisk (NOVOb.CO) said on Monday it had made a 2.6 billion euros (2.30 billion pounds) bid for Belgian biotech group Ablynx (ABLX.BR), the latest offer by a big pharmaceutical company for a Belgian biotech firm. Novo Nordisk regrets that the board of directors of Ablynx has so far declined to engage in any discussions, despite the ... Read More »

Denmark’s Prime Minister commits to cut income tax in 2018

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COPENHEGEN: Danish Prime Minister Lars Lokke Rasmussen said he wants to conclude the government’s planned tax reform this year, targeting income tax cuts for workers with low and medium-sized wages. The tax cuts will make it more feasible to work, which will bring more people to the job market and help ease Denmark’s labor shortage, Rasmussen said in his New ... Read More »

Record revenues for Denmark in Q3 promise robust times Ahead

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COPNHEGE: Denmark has added robust Q3 figures to a year that was already going along swimmingly. The fact is, Q2 had already delivered a record gross gaming revenue figure of DKK 1.462 billion ($234.5m), only to see the best bettered by 2.4% to DKK 1.497 billion ($237m) for Q3 2017, also good for a year on year improvement of a ... Read More »

Denmark will limit funding to Palestinian NGOs following investigation

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COPENHEGEN: Denmark will limit the number of Palestinian NGOs that it supports and increase oversight of the ones that it does fund following an investigation. Danish Foreign Minister Anders Samuelsen announced on Friday that his ministry would halt funding to some 14 Palestinian organizations that have ties to terror groups. Starting in 2018, aid will be provided to 10 Palestinian ... Read More »