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Tag Archives: Danish

Danish apartments prices jump 8.2% in 4th quarter

COPENHAGEN: According to statistics agency of Denmark, in recent months apartments prices in Denmark jumped 8.2% in the fourth quarter compared to the same period a year earlier. In some areas of Copenhagen, property prices are up 30% in a year. The residential property market is booming, driven partly by record low interest rates for mortgage borrowers. At Denmark’s banks, ... Read More »

Danish bankers anxious over negative interest rates

COPENHAGEN: Danish bankers are surprised by the Negative interest rates for which meetings are being held in concern. As they did not previously thought to allow for the risk of negative interests rates, the omission is now proving problematic for the financial industry in Denmark. The central bank’s battle against currency speculators has forced it to drive the benchmark deposit ... Read More »

Danish interest cuts direct towards beneficial mortgage loans

Interest rate cuts lead to new Danish ‘super loans’ COPENHAGEN: Danish bank’s step towards taking interest rates down in order to bring krone’s value sustained is reaping some fruit now as the result of it are now being enjoyed by Danish homeowners as they are being offered historically low mortgage loans.   Denmark cuts deposit rate further below zero (05 ... Read More »

Danish Central Bank cuts deposit rate for fourth time in less than three weeks

COPENHAGEN: For the fourth time in less than three weeks,  National banken has cut its deposit rate by 0.25 percent points to -0.75 percent  leaving its lending rate unchanged. On January 19 the deposit rate, which was cut to below zero in September for the first time since 2012, was reduced to -0.2 percent from -0.05 percent. Two further cuts ... Read More »

Giant Danish mobile company purportedly involved in tax evasion

DENMARK: A huge telecommunications company of Denmark, Company 3 which is earning more than billions krones has been exposed through leaks that it has not ever paid a single penny of tax. It had been avoiding taxes through a parent company by using Luxembourg as a tax haven. By using companies in Luxembourg, 3 and other mobile companies were able ... 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 »