Foreign investment providing new jobs in Denmark – The Post

Foreign investment providing new jobs in Denmark

Ministry report shows benefits of cash from abroad

March 27th, 2015 9:49 am| by admin
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Foreign investment created 1,250 workplaces in Denmark last year. According to a report from the Foreign Ministry, Chinese, Argentinian, American and French companies helped to create the new positions spread across 47 different investment projects.

“This is one of the best results ever, and the positive trend looks set to continue with initiatives like Apple's investment in Viborg,” said Mogens Jensen, the trade and development minister.

Most of the new jobs have been created in the IT, cleantech and pharmaceutical industries. Those industries account for almost 1,000 of the new jobs spread across 29 different projects.

Good environment
Among the projects, Argentina is investing billions in biogas projects in Tønder, and China’s Wuhan Hi-Tech is supporting organic egg production in Horsens.

About two-thirds of the new jobs were created in eastern Denmark, while a third of the new positions are in western Denmark.

READ MORE: Can Denmark compete with its neighbours for foreign investment?

The report said that companies are choosing Denmark based on the country’s highly-qualified workforce and strong professional, technical and commercial expertise, flexible labour market regulations, and favourable business environment.