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Tag Archives: COPENHAGEN

OMX Copenhagen 20 down 1.32% overall Danish stock remains lower

COPENHAGEN: Denmark stocks were lower after the close on Thursday, as losses in the Oil & Gas, Healthcare and Industrials sectors led shares lower. At the close in Copenhagen, the OMX Copenhagen 20 lost 1.32%. The best performers of the session on the OMX Copenhagen 20 were Jyske Bank A/S (COP:JYSK), which rose 1.69% or 5.6 points to trade at ... Read More »

Copenhagen gets 6 new destinations as Norwegian, Ryanair adds 3 new routes

COPENHAGEN: The Norwegian and Ryanair added three new routes each out of Copenhagen, said on Tuesday. Copenhagen-area travellers will have three new destinations to look forward to come November. Norwegian airline announced Tuesday that it will begin offering direct flights to Las Vegas, Nevada and San Juan, Puerto Rico. It will also fly to St Croix in the US Virgin ... Read More »

Every 20th worker in Denmark possesses foreign nationality

COPENHAGEN: According to the Industry advocate organization Dansk Industry (DI), the Denmark is becoming a cultural melting pot with every 20th employee possessing a nationality other then Danish. In order to remain competitive on the global market, Denmark needs to be able to attract and retain workers from all over the world. ”Knowledge of Denmark isn’t very high,” Charlotte Rønhof, ... Read More »

Energy companies Statoil, GDF Suez, Dong Energy give up plan to excavate oil in Greenland

COPENHAGEN: Greenland’s dream of becoming the next oil center is fading and three major energy companies Statoil, GDF Suez and Dong Energy have given up plans to excavate oil in the ocean west of the world’s largest island. Investing in oil excavation in Greenland is too expensive and uncertain, the oil companies contend. Other companies including Maersk, Cairn Energy and ... Read More »

Water bills set to increase in Denmark after introduction of controversial tax law

COPENHAGEN: Water and supply companies in Denmark will have to pay an unexpected punitive tax that may significantly increase water bills this year, following the introduction of a controversial tax law. Some households with be affected, and that a family with an annual water consumption of 120 cubic meters may end up paying up to 1,000 kroner more. Although the ... Read More »

Danske Bank: Performance of Denmark economy better than Scandinavian neighbours

COPENHAGEN: Danske Bank released a Nordic outlook report that indicates that the Danish economy is performing better than that of its Scandinavian neighbours. Danske Bank argues that falling oil prices and deflation could affect Scandinavian economies which previously managed to weather the storm of the global banking crisis much better than many of their European neighbours. The Nordic countries have ... Read More »

Danish firms benefitting from African construction industry boom

COPENHAGEN: Africa is fast becoming a key market for Denmark companies in the construction industry a boom in private investment has resulted in fees on the continent being up to 30 percent higher than in Europe. African business now accounts for 25 percent of turnover for the Danish multidisciplinary consultancy Niras, and Carsten Toft Boesen. Development in Africa has moved in ... Read More »

Denmark’s Bang & Olufsen’s chief says would listen to bid approaches

COPENHAGEN: Bang & Olufsen (B&O), Danish television and sound system maker would consider any bid approach from a larger rival as it seeks a response to problems that caused a profit warning last month, its chairman said. B&O, a 90-year-old company, which makes products for the luxury end of the consumer market, saw its shares fall to their lowest level ... Read More »