Tuesday , February 21 2017
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Denmark, Azerbaijan signs convention to avoid double taxation & tax evasion

Denmark, Azerbaijan signs convention to avoid double taxation & tax evasion

COPENHAGEN: Denmark and Azerbaijan have signed the convention on avoidance of double taxation and prevention of tax evasion on income taxes. The document was signed by Azerbaijani Minister of Taxes Fazil Mammadov and his Danish counterpart Karsten Lauritzen. Mammadov said that the document will contribute to the development of trade relations between the two countries. Karsten Lauritzen noted that the ... Read More »

Denmark, Vietnam enter on maritime partnership

Denmark, Vietnam enter on maritime partnership

COPENHAGEN: Andreas Nordseth, Head of Danish Maritime Authority, visited Hanoi and met with counterparts in Ministry of Transport and Vinamarine to foster a new bilateral maritime partnership, writes Embassy of Denmark in Vietnam. As maritime nations and trade nations, Denmark and Vietnam share many interests, including in developing maritime business activities, human resources and green shipping. In Ho Chi Mihn ... Read More »

Denmark to abandon EU, join new British Union


COPENHAGEN: Ghost of reformatting is haunting around Western Europe, and more and more countries are ready to leave Germany-centric European Union. Denmark, the most dynamic-at-the-moment federal government, is likely to become a new candidate for the escape from the German ship of the EU and entry into the new British Union. The name of possible reorientation of the Danish Kingdom ... Read More »

Denmark stocks higher on the closing of trade on Monday

Copenhagen Stock Exchange

COPENHAGEN: Denmark stocks were higher after the close on Monday, as gains in the Consumer Services, Industrials and Oil & Gas sectors led shares higher. At the close in Copenhagen, the OMX Copenhagen 20 added 0.47% to hit new 3-months high. The best performers of the session on the OMX Copenhagen 20 were DSV (CO:DSV), which rose 2.69% or 9.2 ... Read More »

Denmark exports increase in Dec


COPENHAGEN: Denmark’s exports and imports increased in November, mainly led by higher dmenad for machinery, figures from Statistics Denmark showed Wednesday. Exports grew 3.5 percent and imports rose 1.6 percent from a year ago. The trade surplus was an unadjusted DKK 3.3 billion and a seasonally adjusted DKK 6.9 billion. In 2016, exports grew 1.3 percent and imports increased 2.2 ... Read More »

Mr Green to enter Denmark via Dansk underholdning deal


COPENHAGEN: Stockholm-based online gambling operator Mr Green is preparing to make a Danish market splash via the acquisition of Dansk Underholdning. On Monday, Mr Green announced that it had acquired all of the shares of Danish-licensed online operator Dansk Underholdning, whose primary business involves casino games, ahead of Mr Green’s plans to launch its own brand in Denmark later this ... Read More »

Ciber to sell German, Danish businesses


COPENHAGEN: Ciber has agreed to sell its German and Danish businesses to German IT company Allgeier, advancing Ciber’s efforts to repay Wells Fargo $39.7 million for an outstanding loan. The Greenwood Village, Colo.-based company, No. 43 on the CRN Solution Provider 500, said it plans to use up to half of the sale proceeds to reimburse Wells Fargo, with the ... Read More »

Electric car sales grinding to halt in Denmark


COPENHAGEN: Denmark might pride itself on being a global leader within sustainability, but when it comes to making the green transition on its streets and motorways, it’s failing miserably. During the first month of 2017, just five electric cars rolled onto Danish roads – and not one of them was privately purchased. Opposition parties demand immediate action. “This is an ... Read More »

Wind earnings up 93% in 2016 at Dong


COPENHAGEN: Dong Energy’s wind business has outranked the utility’s earnings from oil and gas for the first time, with pre-tax earnings (Ebitda) of DKK 11.9bn (€1.6bn) for its last financial year, almost double the previous year’s total. Germany’s Gode Wind projects are now contributing to Dong’s wind earnings. Germany’s Gode Wind projects are now contributing to Dong’s wind earnings. The ... Read More »

DMA continues to abolish requirements for Danish shipping


COPENHAGEN: A benchmark analysis shows that Denmark has 33 special requirements for ships flying the Danish flag. Four requirements have already been abolished and the benchmark analysis will be used actively to revise or abolish the remaining special requirements, DMA said in its press release. The benchmark analysis was carried out by Deloitte on the basis of a decision by ... Read More »

Denmark extends detention of woman in S Korea investigation


COPENHAGEN: A Danish court has extended the detention of the daughter of the former confidante of South Korea’s president. Special prosecutor David Schmidt Hvelplund told The Associated Press on Monday that Chung Yoo-ra will remain in detention until Feb. 22. The court is awaiting additional information before deciding whether to meet a South Korean extradition request as part of a ... Read More »

Denmark plans military spending increase


COPENHAGEN: A significant regional power in the Middle Ages, Denmark hasn’t been much of a military power in centuries, and while a NATO member, have never been a significant contributor to the alliance’s overall military might. Pressured by the US to increase military spending, Danish military budgets as a percentage of their GDP have been steadily declining since the late ... Read More »

VAT exemption curbing e-commerce in Denmark


COPENHAGEN: The decision of the tax authority SKAT to cut VAT exemption on packages delivered for Danish e-traders is pushing e-trade out of the country. The confederation of Danish industry, Dansk Industri (DI), laments the January 1 change that it says puts further pressure on the already struggling e-trade industry. “The increased costs mean that e-trade will become more expensive ... Read More »

Polish finnish ring facing large-scale drug smuggling charges


COPENHAGEN: Finnish Customs officials have completed a preliminary investigation into a large-scale amphetamine smuggling operation. The multiple persons charged in the case are from both Poland and Finland. The case was opened in summer 2015, after Customs seized 6,600 grams of amphetamines found in a Polish-registered car entering the country from Germany at the Vuosaari port. Preliminary investigation revealed that ... Read More »

Maersk IPO plans won’t derail bid for Dong’s $2.8b unit


COPENHAGEN: Moller-Maersk CEO Soren Skou’s newly disclosed plans that he favors a stock-exchange listing for his energy units won’t prevent him from buying Dong Energy A/S’s oil and gas fields first. That’s according to Morten Imsgard, who covers both Danish companies as an analyst at Sydbank. He says Maersk remains the likely future owner of the assets that the utility ... Read More »

Philly’s sugar tax may travel down


COPENHAGEN: The cost of the sugar tax in Philly is already being passed on to the consumer. A recent report from the left-wing Australian think tank the Grattan Institute urged Australia to impose an excise tax of 40 cents per 100 grams of sugar on all non-alcoholic, water-based drinks with added sugar. The rationale behind the tax is to combat ... Read More »

RDF exports at around 3m tonnes in 2016


COPENHAGEN: Environment Agency figures show that exports of waste derived fuels from England in 2016 have exceeded 3 million tonnes. Provisional figures released by the Agency for the period of January to November 2016, show a total of 2,884,866 tonnes of waste derived fuel was approved for export, which is roughly 262,000 tonnes per month. RDF exports continued to climb ... Read More »

Organic Trade Board secures share of €10.4m European funding


COPENHAGEN: The Organic Trade Board will receive €10.4 million’s worth of European funding over the next three years, to be shared with its counterpart Organic Denmark, following a successful joint application. The Organic Trade Board will manage the fund on behalf of both countries, focusing on growing retail sales, increasing employment in organic agriculture and raising awareness of the benefits ... Read More »

Clearstream clarifies Denmark’s new online tax procedure for standard refund


COPENHAGEN: European post trade pillar Clearstream says that effective immediately the Danish Tax Authorities (SKAT) have implemented a new online tool for the filing of standard reclaims of tax withheld on Danish dividend payments. Reclaims submitted in paper form will consequently no longer be accepted by SKAT as of 1 April 2017, and should instead be submitted online only. Clearstream ... Read More »

Colliers international expands in Denmark


COPENHAGEN: Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) announced today that it has acquired a controlling interest in Colliers International Denmark (“Colliers Denmark”). Senior management of Colliers Denmark will retain the balance of the equity under Colliers International’s unique enterprise partnership model. The acquisition of Colliers Denmark further strengthens Colliers International’s operations in Europe ... Read More »