Denmark benefits financially from foreign students, shows a major analysis carried out by Damvad Analytics on behalf of the Swedish Engineers’ Association.
Together, they contributed DKK 26.7 billion to the nation’s coffers between 2007 and 2020, with technical and natural science courses, such as engineering, accounting for DKK 12 billion.
Over the same 13-year period, each foreign candidate has brought in more than DKK 2 million on average.
Members of Parliament limited the number of students
In an attempt to reduce the SU stipend paid to all EU students, Danish MPs backed plans to cap the number of foreign students entering the country’s universities.
The number of courses in English has also been reduced in recent years.
It was justified by the fact that they drain resources and that many leave the country after completing their education.
Serious misjudgment
The chairman of the Engineering Association, Aske Nydam Guldberg, believes that the Danish Parliament has made a serious mistake and points out that there will be a shortage of 13,000 graduates in engineering, technology and IT in 2030.
“The cap on foreign students is really bad business, because they are an investment in both making Denmark richer and smarter. We have an urgent need for manpower,โ he said.
“They are an important factor in implementing the green transition and digitization of society, which are some of society’s biggest challenges.”
Denmark will do better than Sweden in 2023, predicts the OECD
In the latest OECD world economic forecast for 2023, Denmark will do better than its neighbors Sweden. While Sweden’s economy is expected to shrink by 0.6 percent next year, Denmark will see an increase of 0.1 percent. However, growth in Sweden is expected to increase again in 2024 with an increase of 1.9 percent, while Denmark’s will only increase by 1.1 percent. Focusing on Denmark, the OECD identifies its main risks as increasing supply disruptions and persistent labor shortages, which could lead to further price increases and reduced activity.
Novo Nordisk will spend an additional DKK 5.4 billion in Denmark
Pharmaceutical giant Novo Nordisk has announced another round of spending in Denmark, where the total amount in its home country is DKK 23 billion in the past two years. In 2021, DKK 17 billion was earmarked to expand its Kalundborg plant. Part of the expenditure has made it possible for the site to convert excess heat into district heating. And now it has been announced that an additional DKK 5.4 billion will be spent on the expansion of existing facilities in Bagsvรฆrd, approximately 12 km northwest of Copenhagen.
SAS may be hit by yet another major strike
SAS may again be hit by another major strike โ this time by Norwegian cabin crew โ if an agreement cannot be reached with their trade union Kabinansattes Forbund, which has around 500 members. As part of SAS Forward’s recovery plan, the company must make savings of 7.5 billion Swedish kroner – part of which must be found by lowering wages. However, so far it has not been possible to reach an agreement with the Norwegian cabin crew.
The price of oil and gasoline continues to fall
Oil and gasoline prices continue to fall since peaking in the summer. Gasoline is now the same price as it was at the beginning of the year. Oil demand has fallen due to fears of a worldwide recession. The recent COVID-19 strikes in China have also been a contributing factor to the falling prices.
Half of all Ukrainian job seekers in employment
More than half of the Ukrainian refugees who are entitled to work in Denmark are in work. The municipalities expected to receive up to 100,000 refugees, but nine months later, only about 28,000 Ukrainians have received residence permits under a special law that was quickly adopted by the Norwegian Parliament in the spring. About 54 percent of Ukrainians are willing to take up work, and of these, 6,159 have found jobs, according to figures from the Labor Market and Recruitment Agency.
Separate bank accounts are becoming more normal
It is becoming more and more common for couples to have their own separate bank accounts rather than joint finances, according to a survey carried out by YouGov for Nordea bank. In 2017, 23 percent of Danish couples had their income in separate accounts, but that figure has now risen to 30 percent. Eva Steensig, sociologist and consumer expert, told Radio4 Morgen that an increasing number of women are seeking monetary autonomy and emancipation in general. She warns that this can lead to more conflict in relationships. Less financial interdependence makes it easier to get out of a relationship, she reasons.
Maersk Line settles cases of sexual harassment
Maersk Line has reached a settlement with two women who sued the shipping company after being subjected to alleged sexual abuse on board its ships. One of the women preferred to remain anonymous throughout the case, and the nature of the settlements will remain undisclosed.
Source: The Nordic Page