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Tag Archives: Denmark

Danish envoy puts pressure on Pak govt in multi-billion Maersk scam

KARACHI: Pakistan’s biggest ever fraud of sales tax is unearthed where Maersk shipping line has evaded billions of rupees sales tax in terms of services provided to its local clients and transfer these huge sums to Denmark where anti-Islam leaders use this money in anti-Islam activities by publishing blasphemous cartoons, hurting feelings of billions of Muslims across the world. Maersk ... Read More »

Denmark totaek advantages from Iranian nuclear deal

COPENHAGEN: Danish businesses and consumers are both likely to benefit greatly from Tuesday’s nuclear agreement between Iran and world powers once the sanctions against Iran are phased out. Top Danish export companies such as medical firm Novo Nordisk will enjoy unimpeded access to the world’s 18th largest economy and a market of 78 million people, an estimated five million of ... Read More »

Danish Wind energy Co Vestas, ends scintillating Q2 with three US orders over500 MW

COPENHAGEN: The Danish wind turbine giant Vestas capped a solid second quarter by securing three orders from the US yesterday. Vestas notched up two orders from the global renewable energy company SunEdison, a 274 MW order in Texas and a 155 MW deal in Maine. A third deal with an unnamed client in the US involving 108 MW was also ... Read More »

Baresso sells its 47 coffee shops in denmark

COPENHAGEN: Denmark’s largest coffee shop chain Baresso has been sold to the international investment company JAB Holding. Baresso Coffee has opened a total of 47 coffee shops in Denmark since it was founded in 2000 by Kenneth Luciani, who is pleased with the deal. “Due to our strong brand, relevant locations and our barista-driven culture, we are proud to have attracted ... Read More »

Industry in Denmark rise by 11% despite high wages: Study Report

COPENHAGEN: A new study by the labour market organisation Arbejderbevægelsens Erhvervsråd (AE) claims that industry in Denmark has not been this competitive since 1995, concluding that the country can compete with the likes of China, Poland and Germany despite the high level of wages, Ugebrevet A4 reports. Wage competitiveness – the relationship between companies’ salary expenses  and the value created ... Read More »

Industry in Denmark rise by 11% despite high wages: Study Report

COPENHAGEN: A new study by the labour market organisation Arbejderbevægelsens Erhvervsråd (AE) claims that industry in Denmark has not been this competitive since 1995, concluding that the country can compete with the likes of China, Poland and Germany despite the high level of wages, Ugebrevet A4 reports. Wage competitiveness – the relationship between companies’ salary expenses  and the value created ... Read More »

Denmark Maersk Line seals $1.8b order for 17 huge container ships

COPENHAGEN: Maersk Line has sealed a $1.8billion order for up to 17 huge new container ships at DSME in Korea.The Danish owner said the second-generation Triple-E vessels will have a capacity of 19,630 teu each. The first 11 ships in the series are firm, with options for six more. They will be 400 metres long, with a draft of 16.5 metres. ... Read More »

Denmark Maersk Line seals $1.8b order for 17 huge container ships

COPENHAGEN: Maersk Line has sealed a $1.8billion order for up to 17 huge new container ships at DSME in Korea.The Danish owner said the second-generation Triple-E vessels will have a capacity of 19,630 teu each. The first 11 ships in the series are firm, with options for six more. They will be 400 metres long, with a draft of 16.5 metres. ... Read More »

Denmark ranks 8th in global competitiveness ranking

COPENHAGEN: Denmark has been ranked as the eighth most competitive country in the world, according to the 2015 World Competitiveness Yearbook, annually published by the Swiss Business School IMD. Denmark improved from ninth place in the ranking last year and it is now ahead of neighbours Sweden and Germany, who both dropped four places to ninth and tenth. “Denmark has ... Read More »

Denmark oversaw 600 forced repatriations last year

COPENHAGEN: In 2014, 600 asylum-seekers were repatriated with the assistance of the police after their applications were rejected and they refused to travel home on their own accord, reports the National Police. It is the third highest number in the past ten years. In 2013, Denmark experienced an unusually high influx of Serbian refugees applying for asylum on no real ... Read More »

Denmark’s Maersk ship releases including 24 members

COPENHAGEN: Danish shipping giant Maersk has confirmed that its container ship Maersk Tigris including its 24 crew members has been released by the Iranian authorities and is now on its way towards Jebel Ali near Dubai. The ship was seized by the Iranian authorities as it made its way through the Strait of Hormuz on April 28. “Maersk Line is ... Read More »

Denmark to invest 10b Kroner for agriculture sector

COPENHAGEN: The Danish government has decided to collect up to 10 billion kroner to help save the severely indebted agriculture sector, Politiken reports. The government has already allocated 2 billion kroner to a new fund called Dansk Landbrugskapital (capital for Danish agriculture) and expects to get an additional 8 billion from private investors and lenders, such as pension banks. According ... Read More »

Denmark to invest 10b Kroner for agriculture sector

COPENHAGEN: The Danish government has decided to collect up to 10 billion kroner to help save the severely indebted agriculture sector, Politiken reports. The government has already allocated 2 billion kroner to a new fund called Dansk Landbrugskapital (capital for Danish agriculture) and expects to get an additional 8 billion from private investors and lenders, such as pension banks. According ... Read More »

Denmark’s Telia posts hike of 6.6% to SEK 1.422b in Q1- 2015

COPENHAGEN: Telia Denmark reported net sales in the first quarter of 2015 of SEK 1.422 billion, up 6.6 percent from SEK 1.334 billion a year earlier. EBITDA excluding non-recurring items declined by 6.5 percent to SEK 154 million from SEK 165 million and the margin shrank to 10.8 percent from 12.4 percent, burdened by lower service revenues, a larger share ... Read More »

Denmark’s Uhrenholt Seafood struggles to achieve revenue target in 2015

COPENHAGEN: The financial results of Uhrenholt Seafood’s group are not out yet, the outlook for 2015 “is positive” as its Q1 results are ahead of budget, Thellmann said. For its part, Uhrenholt Seafood AS, the only group’s unit that has published results, narrowed its losses to DKK 7.9 million in 2014, versus losses of DKK 16.9m in 2013. Owner F. ... Read More »

Denmark produces 41.8m tones E-waste in 2014

COPENHAGEN: Environmental experts report shows that Denmark has produced  41.8 million tones of so-called e-waste in 2014, mostly fridges, washing machines and other domestic appliances at the end of their life — was dumped, it said. That’s the equivalent of 1.15 million heavy trucks, forming a line 23,000 kilometres (14,300 miles) long, according to the report, compiled by the United ... Read More »

Denmark’s Telia revenues hit SEK 1.422b in Q1-2015

COPENHAGEN: Telia Denmark reported net sales in the first quarter of 2015 of SEK 1.422 billion, up 6.6 percent from SEK 1.334 billion a year earlier. The External service revenues improved by 4.5 percent to SEK 1.056 billion from SEK 1.011 billion and in local currency, service revenues de3creased by 1.8 percent excluding acquisitions and disposals, because of reduced intercomection ... Read More »

Denmark’s internet shopping hits 100b Kroner in Q1-2015

COPENHAGEN: The new analysis by Foreningen for Dansk Internet Handel (FDIH), the Danish internet commerce association, reveals that Danes spent over 22 billion online during the first three months of 2015. It is expected that Danes will spend over 90 billion kroner online by the end of the year – a 20 percent increase on last year’s 74 billion kroner. ... Read More »

Denmark holds 15th place in global retail e-commerce

COPENHAGEN: According to a new ranking released by an American consulting firm, Denmark holds 15th place in global retail e-commerce. According to consulting firm A.T. Kearney’s biennial global e-commerce index, Denmark showed “impressive progress” in the e-commerce world, and became number one of the Nordic countries. The index ranks the top 30 countries based on nine variables, including macroeconomic factors, ... Read More »

Denmark’s Moller-Maersk to cut 200 jobs, to reduce costs by 20% next 2 years

COPENHAGEN: The denamark Maersk’s official stated that the company will cut 200 jobs in its Maersk Oil unit due to a drop in the oil price in coming days. It will reduce the operating costs by 20 percent over the next two years, it said on Thursday. The cuts will fall in Maersk’s headquarters, Qatar and UK business locations, and ... Read More »