Business News in Brief: Think-tank highlights shortage of student accommodation in Denmark

In other stories, exports slump while a Danish cannabis firm has high hopes about future demand

Stephen Gadd

The increase in the Danish student population, both home-grown and internationals, is having an adverse effect on the student housing market, a survey carried out by the Class of 2020 think-tank reveals.

Unable to keep pace
Housing stocks have not been able to keep pace and student housing is only able to accommodate 28 percent of students nationwide.

Some institutions, such as the Technical University of Denmark (DTU), are building new on-campus blocks in an attempt to alleviate the growing problem, but this is not expected to be enough.

Ripe for investment
Copenhagen has the worst student housing sector of any featured in the latest report, with 12,382 ‘study rooms’ available for the 72,098 students in the Danish capital each academic year.

Class of 2020 is advising potential investors in the sector to look to Denmark, following the lead of global investment and real estate experts CBRE, which recently told readers of its briefing email that the country is both “the right time and place to invest.”

Danish exports down again
Despite strong demand abroad, Denmark’s exports have declined while imports have increased, figures from national statistics keeper Danmarks Statistik released on Tuesday reveal. Exports in August (excluding ships, aircraft and fuel) fell 1.9 percent year-on-year following a 1.8 percent fall in July. Imports rose by 1 percent after a 1.1 percent decrease in the previous month. But seen sequentially, exports grew 4.1 percent in the three months to August. August’s trade surplus, excluding ships, aircraft and fuel, was a seasonally adjusted 5 billion kroner. It was especially exports to countries outside the EU that lagged. A new analysis carried out by Dansk Industri reveals that 805,000 Danish jobs are dependent on exports – and this is the highest level ever.

Danish medicinal cannabis firm goes public
StenoCare was founded in 2017 and was the first Danish company to obtain permission to import, produce and sell cannabis oil in Denmark for medicinal purposes. Yesterday, the company offered its shares for sale in Copenhagen. After share allocations have been completed, the company plans to be officially listed on the Copenhagen Stock Exchange on October 26. StenoCare is the first company of its kind in Europe to launch an IPO to take advantage of a surge in investor interest. The company is confident the legalisation of medicinal cannabis in a number of countries in Europe – including Germany, the UK, Italy and Czech Republic – has opened up a potentially lucrative market.

No longer on the cards
The world’s oldest credit card, Diners Club, is pulling out of the Danish market from 31 May 2019, reports BT. The card company is also pulling out of Norway and Sweden. In the Nordics, the Swedish bank SEB has the license to offer the cards, which have an estimated  500,000 customers in the Nordic countries. According to the company the reason given for dropping the Danish market is “increasing regulation and competition in the credit card market”.

TOP STORIES

  • Monday, the tax statement for 2024 will open. What you need to know

    Monday, the tax statement for 2024 will open. What you need to know

    Right after the weekend, Skat will open the window for submitting your tax declaration. In this article, you can read all the most important information, along with a little guide about it.

  • Human rights take center stage at CPH:DOX

    Human rights take center stage at CPH:DOX

    CPH:DOX, Copenhagen’s international documentary film festival, is one of the world’s largest documentary festivals and it was founded in 2003. CPH.DOX will take place from March 19 through March 30, in Copenhagen and will present more than 200 documentary films.

  • Denmark is the second happiest country in the world, according to the WHR

    Denmark is the second happiest country in the world, according to the WHR

    Nordic countries lead the ranking, as it happened over the last few years. The World Happiness Report is the leading publication on global well-being, analyzing data from over 140 countries. It is produced by the University of Oxford’s Wellbeing Research Centre. Yet, some positions look controversial.

  • Intrepid Travel expands into the Nordics

    Intrepid Travel expands into the Nordics

    Intrepid Travel just opened a new office in Copenhagen, increasing its focus on sustainable tourism in the Nordic region. New itineraries, hiring regional experts, forming local partnerships, and opening up some of the world’s most remote areas are all part of the plan.

  • Dansk Folkeparti pushes to remove voting rights for internationals

    Dansk Folkeparti pushes to remove voting rights for internationals

    Dansk Folkeparti proposes limiting municipal voting to only Danish citizens, arguing foreign residents should not influence local politics. Critics warn the move would undermine democracy and exclude long-term residents from decisons affecting their daily lives.

  • Raise the voice of internationals. Take the survey and share your experience in Denmark.

    Raise the voice of internationals. Take the survey and share your experience in Denmark.

    Copenhagen Capacity has launched a survey for all internationals living in Denmark to find out if they are happy here and what challenges they face. The Copenhagen Post is the media partner for this initiative. You can find the survey below in the article.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • A human touch can keep Europe’s elderly in the labor market

    A human touch can keep Europe’s elderly in the labor market

    In many European countries, the older generations are on the verge of retirement. In Northern Europe, companies and organizations are better than elsewhere in Europe at getting seniors to work after retirement age. Some simple tools seem to work

  • Copenhagen ranked 4th for career growth

    Copenhagen ranked 4th for career growth

    Copenhagen is ranked as the fourth-best city in the world for career growth, according to an analysis by EnjoyTravel. This ranking considers various factors such as living costs, salary levels, workforce availability, and overall quality of life. Copenhagen is noted for its blend of historical and modern elements, particularly in the green energy sector, which influences job opportunities.

  • Data shows that non-Western immigrants have saved local economies in Denmark

    Data shows that non-Western immigrants have saved local economies in Denmark

    A study reveals how only the massive influx of non-Western immigrants has saved many areas in Denmark from a decline in the workforce and a consequently shrinking economy

Want to advertise your job with CPH Post?

Contact us

Jobs