Business Round-Up: Chairman of the Consumer Council concerned about loan sharks on Facebook

Business Round-Up: Chairman of the Consumer Council concerned about loan sharks on Facebook

Anja Philip, chair of the Consumer Council Think’s Consumer Council, wants more measures to prevent consumers from falling victim to loan sharks operating on Facebook.

The legislation introduced in 2020 has ensured that loans can only be offered with a maximum annual interest rate of 35 percent, which causes about half of all quick loan companies to leave the Danish market.

In the past, some loans came with an annual interest rate of 700-800 percent.

Must be enforced
However, the offers are still available via Facebook and that worries Philip.

“We have no doubt that it has been good to get the legislation in place,” she told TV2.

“Now we just have to have it enforced, and also on Facebook, where we can unfortunately see that some people are taking advantage of the opportunity to give expensive loans there.”

Danfoss asked to explain why its component is in Russian military vehicle
Danfoss has been asked to explain why a seized Russian military vehicle, which was inspected by Ukrainian troops, turned out to contain one of its solenoid valves. The inspection revealed that the vehicle contained parts from a number of Western companies. Danfoss has refused to violate sanctions and suggests that the valve is relatively old, more commonly found in air conditioning and cooling systems and most likely produced at one of their factories in Denmark or Poland. The Danish Business Authority has launched an investigation to see if any sanctions have been violated. Danfoss has several factories in Russia, where they have a turnover of more than DKK 2 billion a year.

Ørsted hopes for pan-European refusal to pay Gazprom in rubles
Ørsted has revealed that it is involved in a pan-European response to the Russian gas giant Gazprom to refuse to pay its gas bill in rubles. President Vladimir Putin decided last week that gas contracts would be shredded if they were not paid in rubles, but Ørsted hopes a common approach will make the Russians withdraw. Ørsted is contractually obliged to pay Gazprom for its gas, but in dollars or euros – and this is reportedly the case with 97 percent of all major European customers. In related news, the wind turbine manufacturer Vestas, the window manufacturer Velux, the construction company Aarsleff and the paint manufacturer Hempel have all confirmed that they are withdrawing from Russia.

Danish Business: Ukrainians with job offers must be traced quickly
The Danish Chamber of Commerce wants Ukrainians with job offers to be quick when it comes to being assigned a CPR number or temporary residence permit. According to Dansk Erherv, they should be moved to the front of the queue to ensure that they can get started with the work as quickly as possible. They are therefore calling for an official fast-track scheme. Jysk is among the companies whose efforts have been frustrated by the authorities’ slowness.

The gas bill crisis has affected one seventh of Danish homes, Statistics Denmark reports
Statistics Denmark’s figures confirm that every seventh Danish home has a natural gas-fired central heating boiler, which underlines the extent of the energy price crisis that has affected many people over the past winter. About 412,000 homes are heated by gas boilers – close to one-seventh of the country’s 2.78 million homes. While the number is 4,800 fewer than last year, it is 17,600 more than in 2010. The gas fillers are particularly popular in North and East Zealand, where they are found in a third of all homes. In Dragør, the percentage is 69 percent. Bills have also risen sharply for those connected to gas-fired district heating systems.

SAS announces new services after bumper March
SAS has reported a significant increase in passengers for March. In total, it serviced 1.14 million passengers – an increase of 360 percent over the same month last year and the highest monthly figure since the pandemic started. Passengers traveled a total of 1.71 billion km – an increase of 538 percent. To take advantage of the boom, SAS is introducing several direct routes this summer, and its focus is largely on the Mediterranean countries Spain, Italy and Greece. Among the mentioned European destinations are Santorini, Heraklion, Corfu, Tivat and Pärnu, while a new route to Toronto has also been confirmed.

Bang & Olufsen’s revenue continues to rise, but it still can not make a profit
A global shortage of components failed to halt the good times of the luxury electronics manufacturer Bang & Olufsen, which has declared a double-digit growth rate for the seventh consecutive quarter. Its quarterly revenue for the three months ended February 28 was $ 775 million – $ 77 million better than the same period a year ago. However, the company once again declared a loss due to rising costs, high inflation and the contagious effects of global uncertainty. With nine months gone by in the financial year 2021-22, it has a deficit of DKK 26 million on a turnover of DKK 1.9 billion.

Easter cottage rental through the roof
This year has broken the record for cottage rentals ‘Easter’. Because the date of Easter is never fixed, Statistics Denmark has instead compared reservations in March and April with previous years and concluded that 2022’s total of 63,000 booked weeks is a record high level. The Germans, who made up 48,000 of the total number, often take two weeks because the Easter holiday is longer (from 4 April) than in Denmark. They especially favor North Jutland.

Source: The Nordic Page

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