Business summary: The Danish economy is peaking right now

There is nothing rotten in Denmark. At least financially. The Danish economy has been in a growth phase in 2021. According to a government forecast from 30 August, the economy will have grown by 3.8 percent by the end of the year.

And this recovery is not expected to stop anytime soon. According to the government, the economy will grow by a further 2.8 percent by 2022.

At the same time, it has been a long time since the employment rate has been so high.

Reconsideration of priorities
Minister of Finance Nicolai Wammen sees the trend as a sign that Denmark did a good job of working its way out of the crisis.

However, this throws a great responsibility on the government.

Therefore, a bill is on the way aimed at reducing the structural deficit to 0.2 percent of gross domestic product.

Wammen argues that this new law will restructure priorities and establish a better connected nation.

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Sharp decline in train passengers in 2020
Train passengers made 201 million journeys in 2020 – a decrease of 30.7 percent compared to 2019, according to Statistics Denmark. Due to the pandemic limitations, people chose not to travel by train as often. The total number was the lowest since 2003.

Horesta warmly plans to welcome Afghan refugees
Horesta, the industry association for hotels and restaurants, expects great interest in newly arrived refugees, as there are not enough jobseekers to cover the vacancies in the sector. Horesta’s chief consultant Kristian Norgaard told TV2 that four out of ten companies reject jobs due to lack of staff. Norgaard sees this as an opportunity to both integrate refugees and improve the situation.

Nuuk airport opens late by one year
The long-awaited opening of the international airport in the Greenlandic capital Nuuk has been postponed by a year. The previous date when the first planes were expected to take off from Nuuk’s runways was 2023. The pandemic prevented key international specialists from traveling to the island to work at the airport as well as suppliers.

Butchers and bicycles for collaboration with Bjarke Ingels
Vesterbro bicycle company Butchers & Bicycles has announced a collaboration with the Danish architect Bjarke Ingels. The company explained on its Facebook page that the collaboration has been going on for some time.

The Capital Region of Denmark saved millions of kroner during the nurses’ strike
The Capital Region of Denmark saved millions of kroner in unpaid wages during the ten-week nurses’ strike that ended last week after a government intervention. According to Radio4, the amount amounted to DKK 59.3 million. The strike began on June 19.

Source: The Nordic Page


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