Today’s front pages – Monday, Feb 4

The Copenhagen Post’s daily digest of what the Danish dailies are reporting on their front pages

Vestjysk Bank could spark another bank crisis

Banking customers could be in for another beating if beleaguered Vestjysk Bank collapses, according to a number of banking experts. Should the bank go bankrupt, it would become more expensive for Danish banks to obtain capital from international markets and would put significant pressure on the national financial sector, possibly enhancing the current crisis. Speculations of bankruptcy in Vestjysk Bank gathered momentum on Friday, when the bank downgraded their 2012 expectation by 375 million kroner. – Børsen

Pension funds looking to invest in infrastructure

Five of Denmark’s biggest pension funds are looking into investing in large infrastructure projects, Berlingske newspaper reported. Spurred by political procrastination, the pension funds ATP, PFA, PensionDanmark, PKA and Sampension, which together hold 1.7 trillion kroner of Danish pension funds, want to invest in projects that have a public-private partnership. Two possible projects they’re looking at are the harbour tunnel project in Copenhagen and the Kattegat connection. – Berlingske

Danske Spil accused of favouring current TV partners

The national betting commission, Danske Spil, has attracted criticism for supposedly favouring a private firm when offering 90 million kroner worth of TV transmissions from horse racing. Danske Spil has continued to sell the TV rights to F3, who have produced the horse races since 2008, even though they have been heavily criticised for their performances. Danske Spil have chosen F3 once again, over new bidders AM Production, despite F3's financial problems. – Jyllands-Posten

Bank pricing gaps widening

Prices in Denmark’s most expensive banks can be up to four times as high as the cheapest ones, according to figures from banking portal Pengepriser.dk. The numbers indicate that a family with small loans can save 21,000 kroner a year by making the switch. One banking expert said that represents the biggest gap ever. The banking portal’s comparison of 50 banks showed that Vordingborg Bank is the most expensive for the standard family, while Spar Nord Bank is the cheapest. – Politiken

TOP STORIES

  • The international who shaped Copenhagen

    The international who shaped Copenhagen

    Anna Maria Indrio is one of the most important architects in Denmark, having contributed to shaping Copenhagen into what it is today. Among her best-known projects are the extension of SMK and Arken, as well as the Natural History Museum and the Darwin Centre in London. She moved here 60 years ago, when “Copenhagen was gray and dormant. Predictions suggested it would become depopulated. But putting people at the center changed everything,” she said

  • Danish government passes amendment to increase citizenship fee by 50%

    Danish government passes amendment to increase citizenship fee by 50%

    Fees were raised to reflect processing costs and curb repeat applications, creating debate over whether the new charges erect barriers to political participation for internationals.

  • Internationals’ labour contributes 361 billion DKK to Denmark’s GDP, and it is growing strongly every year

    Internationals’ labour contributes 361 billion DKK to Denmark’s GDP, and it is growing strongly every year

    According to a report by the Danish Chamber of Commerce, internationals’ contribution is 12% of the country’s GDP. In 2023, it was 322 billion DKK, and in 2008, it was 136 billion DKK. “Internationals make a gigantic difference in our prosperity and welfare,” comments Morten Langager, the Director of Dansk Erhverv.

  • Inside Denmark’s innovation engine

    Inside Denmark’s innovation engine

    With half of its staff being international, the BioInnovation Institute reflects Denmark’s broader transformation into a global innovation hub. But can the country—and Europe—keep up the pace? “If reforms are made now, we can close the gap in ten years,” explains BII’s CEO

  • Denmark launches massive investment in the navy

    Denmark launches massive investment in the navy

    Two months ago, the Danish PM announced that military equipment should be purchased in a hurry. The first plans for the sea are now ready. Additional plans for warships will follow this summer.

  • International designers struggle to find jobs in Denmark

    International designers struggle to find jobs in Denmark

    Many internationals come to Denmark to work as designers, but the field appears to be one of the hardest to break into. The Copenhagen Post spoke with two internationals struggling to find their way into the industry.

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