Business Round-Up: Copenhagen Airport positive about future despite COVID-19 downturn

Copenhagen Airport continues to expand despite the hardships of the pandemic, and it is optimistic about the future.

In recent years, the development of its terminals with better facilities and more space for airlines, customers and passengers as been a continuous process.

And if anything, the absence of customers has given the airport more opportunity to implement the changes.

Bullish CEO
According to the CEO of the airport, Thomas Woldbye, the development is crucial to maintaining the position of Kastrup as northern Europe’s leading hub. 

“Although the COVID-19 pandemic has sent aviation into the worst crisis in living memory, our task remains unchanged,” he said.

“We must provide Denmark with the best possible connections to the whole world. The pandemic has intensified fierce competition between Europe’s airports to attract routes and rebuild.”

Restaurant employees with corona-infected children should be helped!
The restaurants and hotels trade association Horesta contends that employees with COVID-19 infected children should get monetary help. Its spokesperson Mona Juul tells TV2 that it too challenging without any financial help. “You cannot leave your children alone at home, but you cannot just close your restaurant,” she said. In many industries, it is possible to work from home, she points out, but not in the restaurant trade.

Annual land tax varies massively dependent on the municipality
The average land tax paid by homeowners, which is determined by the value of their property, varies hugely according to the municipality, according to Danmarks Statistik. It ranges between 3,000 and 35,000 kroner a year. Reudersal Municipality has the highest average at 34,716 kroner, followed by Hørsholm (31,181) and Lyngby-Taarbæk (26,725). In contrast, Morsø, Vesthimmerland and Vejen average just above 3,000 kroner. The national average has grown by 2.4 percent in 2021 to 10,417 kroner. 

Danish Crown revenues soar
Despite a significant fall in the price of pork prices and coronavirus, Danish Crown’s annual revenue increased by 5.3 percent to 2.3 billion kroner for its 2020-21 fiscal year. Executive Jais Valeur praised the figure as a “really good account”, attributing the gains to a focused effort on strengthening its position in northern Europe.

Vestas hit by cyberattack
Danish wind turbine giant Vestas saw off a cyberattack last Friday. However, the company does not think it affected any of its customers.  Investigations reveal “data has been compromised”, but that the company limited the damage by shutting down IT systems at multiple business units and locations.

Number of employed increases for eighth month in a row
Employment in Denmark increased for an eight month in a row in September, during which 13,000 were created, writes Danmarks Statistik. Specifically, restaurants and hotels contributed to 4,000 new jobs. However, Palle Sørensen, the chief economist at Nykredit, told Erherv+ that more jobs wasn’t necessarily good news as it could lead to shortages and an overheating of the economy, which will lead to companies needing to raise their prices to meet wage demands. 

Water recycling in space
The European Space Agency has given the Danish Aerospace Company 5 million kroner in financial support to develop technology that will enable water to be recycled in space, reports Erherv+. 

Farmers to grow lentils and chickpeas
Some 16 farmers from Lolland are entering into a collaboration to produce 
lentils and chickpeas. Five of the farmers have already enjoyed success producing Danish-grown quinoa.

Construction company bankrupt
Construction company Barslund has gone bankrupt after a string of heavy losses. Founded in 1980, it specialised in excavation work and had almost 500 employees. All current contracts have been suspended until a solution can be found.

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