The majority of homeowners paid off their mortgages on time in the second quarter of 2021, when only 0.14 percent, according to Finans Danmark, failed to reach the best payment rate in 14 years.
Ane Arnth Jensen, Deputy CEO of Finans Danmark, believes that a marked fall in unemployment may be the reason why more homeowners are paying off their home loans on time.
Gründe, fröhlich zu sein
“When the corona hit Denmark back in the spring of 2020, we saw a large increase in unemployment,” Jensen said.
“But the number of unemployed has fallen again, and there are now slightly fewer unemployed than before the corona crisis.”
One in 20 holiday homes bought under COVID-19 lockdown for sale
Many holiday homes bought during the corona lockdown in 2020 have come on the market again, the housing site Boliga.dk informs. Its figures suggest that 4.4 percent of the cottages are on the market again. Housing economist in Danish Industry, Bo Sandberg, rejects Boliga.dk’s claim that the development is driven by speculation, but states instead of TV2 that it reflects a market disorder. “a moderate fall”.
Municipalities have invested millions in ‘Vampire Kangaroo’
At least 16 Danish municipalities have shares in the Australian bank Macquarie Group, which has been linked to several tax scandals, shows TV2 review of municipal investments. In total, they own more than 5 million kroner. All municipalities have made the investments through Jyske Invest, which is part of the Jyske Bank Group. Investment bankers Macquarie Group, which in some circles has been nicknamed “vampire kangaroo”, uses to be a co-owner of Copenhagen Airport and the telecommunications company TDC.
Copenhagen’s second largest city for Swapfiets bicycle subscriptions
The bicycle subscription service Swapfiets has reached 10,000 customers in Copenhagen just two years after its launch in Denmark, Erherv + informs. The service allows customers to rent a bike for a fixed monthly fee and get all their repairs for free. Copenhagen, where the majority of subscribers are students and expats, is the company’s second largest city for customers after Berlin.
Pandora expects higher growth in 2021 than previously expected
The jewelry company Pandora has raised its expectations for 2021 and predicts a growth of 18-20 percent this year. Its previous forecast was 16-18 percent. Revenue in the third quarter amounted to DKK 4.7 billion – an increase of 16 percent compared to the same quarter last year. Pandora attributed the growth to strong development in the United States and a steady improvement in Europe as corona restrictions eased.
Last month’s sales of green cars increased 43 percent compared to October 2020
In October, green cars accounted for 43 percent of all car sales against 18 percent a year ago, according to De Danske Bilimportøre. “Sales of green cars continue at a high level, and it is becoming a natural part of the Danes’ everyday life to drive on electricity,” says Mads Rørvig, CEO of De Danske Bilimportører. Total sales fell 16 percent compared to October last year.
Inflation in Denmark up to 2.4 per cent
Inflation in September was 2.4 percent, an increase of 0.6 percentage points compared to August, according to Statistics Denmark. Rising fuel and electricity costs are responsible. During the same period, inflation in the 27 EU countries rose from 3.2 to 3.6 percent.
SAS sees more cuts
The airline SAS will again cut costs, according to its CEO, Anko van der Werff. “SAS is struggling to survive. When I see how the market is now, how our customers are changing, and the size of our debt, then it is quite clear,” he tells Finans. The deadline for negotiations is three months. However, the action of the staff continues to pursue the airline, which is accused of breaking its promise to re-employ employees, which it was forced to release. During the corona crisis, SAS received an aid package of almost DKK 9 billion from the Swedish and Danish states.
Danish Air Transport retires MD-80
Danish Air Transport (DAT) recently arranged a farewell flight for its MD-80 narrow-body aircraft. On its last flight from Copenhagen, the audience was able to jump aboard the 111-capacity aircraft at a price of DKK 1,990. DAT is a Vamdrup-based airline that operates both scheduled and charter flights as well as cargo flights.
Vestas will build more wind turbines outside of New York
Oil giants Equinor and BP have named Vestas as their preferred supplier of 138 wind turbines for two offshore wind projects off the coast of New York, Berlingske reports. The wind turbines will be part of the wind farms Empire Wind 1 and 2. Each turbine can generate electricity for up to 20,000 households. In recent years, Vestas has lagged behind in its production of offshore wind turbines compared to its competitors – but it has re-emerged now that the US is investing heavily in wind farms again as part of President Joe Biden’s plans.
Huge revenue for DSV
The transport company DSV Panalpina is benefiting from greater demand for freight, confirms its latest company accounts. Q3 rRevenue grew by 76 percent to DKK 49.6 billion. In terms of revenue, it is Denmark’s third largest company after Maersk and Novo Nordisk.
Arla’s English dairy cows fed soy from a cleared rainforest in Brazil
Dairy cattle owned by Arla, which are used to produce butter in the UK and fed soy from cleared rainforests in Brazil, a major media study has revealed. The soy is delivered to the Anchor Butter cows by Cargill, which has been involved in clearing 800 square kilometers of forest and controlling 12,000 forest fires in Brazil since 2015.
Agricultural debt level at its lowest level since 2007
Danish agriculture is in less debt than in previous years, Statistics Denmark reports. In total, it was only 294 billion kroner in deficit in 2020 – the lowest figure since 2007. Last year was a good year for both agriculture and horticulture.
PostNord’s revenue in the third quarter increased by 7%
Based on revenue in the third quarter of DKK 1.37 billion, the postal company PostNord’s profit has increased by 7 percent compared to the same period last year. During the pandemic, it benefited from a boom in e-commerce, which meant there were far more packages to transport. However, this has been in decline since society began to reopen.
The growth spurt slowed down by a shortage of labor
Lack of manpower prevents the economy from realizing its potential, according to Danish Industry. With growth on a par with the rosy days in 1994, Denmark seemed to be flourishing. However, the shortage has meant that many companies turn down orders and deliver customers with products imported from abroad. Therefore, DI expects lower growth in 2022 and 2023. Employment in the first half of 2021 increased by 91,000 people – the largest increase in six months ever. Unemployment in August was the lowest it has been in 12 years.
Quelle: Die nordische Seite
