Business Round-Up: House prices will fall

Business Round-Up: House prices will fall

Reject across the board?
For areas such as northern Jutland and Bornholm, the picture is a little less dramatic. House prices will fall by 3.3 percent and 3.7 percent respectively in 2023.

Last week, Danmarks Nationalbank also predicted “significant price drops” in the Danish housing market with almost identical figures to Nykredit.

Last week, Handelsbanken also published a gloomy forecast that the coming years include a fall in both housing prices and consumption and exports.

The government is sitting nicely
The state’s net financial assets increased by DKK 39.7 billion in the second quarter of 2022. Its net assets amounted to DKK 404.6 billion at the end of the quarter. This is primarily due to negative revaluations of outstanding government bonds of DKK 56.3 billion. In addition, the public surplus of DKK 11.4 billion contributed to the increase in the state’s net financial position.

MitID for sale, Nets confirms
Nets has decided to sell its e-ID solution MitID, it confirmed last week. MitID, together with NemID, does not fit into the parent company Nexi Group’s focus, which is in favor of payment solutions. Nets and Nexi Group are not prepared to make additional investments to take the e-ID solutions to the next solution. They are therefore looking for a buyer who is prepared to do so.

Copenhagen Airport’s significant influence on the region
Copenhagen Airport generates a total of DKK 95.7 billion and 23,000 jobs in Greater Copenhagen – the large region spread across eastern Denmark and southern Sweden – according to an analysis published by the region called ‘Copenhagen Airport – engine for growth in the region‘. Distributed, the Capital Region benefits from 73.8 billion and 17,900 jobs, Region Zealand from 10.5 billion kroner and 2,500 jobs, Region Scania 10.2 billion kroner and 2,600 jobs, and Region Halland from 1.3 billion kroner and an unspecified number workplaces. . Before corona, the numbers were higher. For example, employment figures were 30 percent lower than in 2019. In addition, the analysis assessed the airport’s green performance compared to northern European airports and found that it has significantly reduced emission rates per passengers, and ranks as the airport with the second lowest rate.

Volvo will focus exclusively on electric and plug-in hybrids in Denmark
Volvo has confirmed that they will stop selling petrol and diesel cars in Denmark and focus exclusively on electric and plug-in hybrids. It recently did the same in Norway. The Swedish car giant will be completely electric by 2030.

Salling Group launches new discount chain with low electricity costs
The Salling Gruppen (Netto, Føtex, Bilka) is launching a new supermarket chain that will only sell basic goods, not perishable foods such as oatmeal, nappies, toilet paper and pasta. This will mean that they can do without things that require a lot of electricity, such as a fridge or a freezer. Basalt will also have shorter opening hours and fewer staff, thus saving money on using light. Prices are expected to be 15 percent lower as customers struggle with the highest inflation in nearly 40 years. Coop (the Brugsen stores, Irma, Kvickly, Coop discount365 and the soon-to-be-closed Fakta), the other large supermarket owner in Denmark, is also committed to reducing its costs and giving customers discounts. The first ten Basalt stores will open primarily in Jutland and Funen. The Copenhagen traders have to wait until just before Christmas.

Lego gives production workers a pay rise
Lego has given most of its production employees a wage increase of 3.5 percent per 1 October to enable them to cope with rising prices and inflation. Other companies such as Linak at Als and Novo Nordisk have also announced wage increases.

Ecco about the attack in Russia
Ecco has stepped up its marketing in Russia and has received criticism from politicians such as Prime Minister Mette Frederiksen and Liberal leader Jakob Ellemann-Jensen. Ecco, which has previously explained that it continues to operate in Russia for the sake of the company’s 1,800 employees and their families, recently distributed coupons in connection with a Moscow marathon, Berlingske said.

Source: The Nordic Page

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