Return to growth

Jun 6, 2014

The economy grew in the first quarter of 2014 as the GDP increased to pre-financial crisis levels. The 0.9 percent growth followed a drop of 0.5 percent in the final three months of 2013. Compared to Q1 2013, GDP was 1.4 percent up.

ECB's a copycat
When it meets on Thursday, the European Central Bank may decide to adjust the official interest rate to negative figures. The Danish central bank adopted this move in 2012 in order to maintain the exchange rate during the euro crisis. Some commentators argue that the negative rate could encourage exports and spur lending.

Krone is "bullish"
According to Futuresmag.com, the krone is “looking bullish” against the US dollar. It broke out of a 14-month falling wedge earlier this month, creating a ‘Bullish Engulfing Candle’, signifying “a strong shift from selling to buying pressure and foreshadowing the rally we’ve seen throughout the month of May”.

EU leaders toughen stance on return of irregular migrants

EU leaders agreed last week to speed up returns of migrants irregularly entering the bloc. Danish Prime Minister Mette Frederiksen is pleased, describing Denmark’s previous attempts to pitch a stricter asylum and migration policy to the EU as “like shouting into an empty handball hall in Jutland”. But not all leaders are enthusiastic.
Municipalities are investing taxpayer money in fossil fuels and weapons

A new database compiled by Danwatch and Gravercentret reveals that Denmark’s municipalities and regions have invested a total of DKK 414 million of taxpayer money in problematic securities including weapons companies and fossil fuel giants like TotalEnergies, Shell, Chevron and Aramco.
Expat Counselling offers mental health support for children in need of assessment and diagnosis

Waiting lists are long in Denmark for children and young people to be assessed for a learning support needs diagnosis. It can be of great importance to a child’s education and social well-being. An expat counselor offers an assessment by a native English-speaking psychologist.
Danish Originals S4 E1: Carsten ‘Soulshock’ Schack

In this episode of the art and business podcast Danish Originals, Los Angeles-based Danish DJ and music producer Carsten ‘Soulshock’ Schack talks about his journey in hip hop, R&B, and Pop from Aalborg to New York to Los Angeles.
Chinese wind turbine companies sign pact to end race-to-the-bottom price war

China’s 12 leading wind turbine makers have signed a pact to end a domestic price war that has seen turbines sold at below cost price in a race to corner the market and which has compromised quality and earnings in the sector.
Watch Novo Nordisk’s billion-kroner musical TV ad for Wegovy

Novo Nordisk’s TV commercial for the slimming drug Wegovy has been shown roughly 32,000 times and reached 8.8 billion US viewers since June.

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Come and join us at Citizens Days!

On Friday 27 and Saturday 28 of September, The Copenhagen Post will be at International Citizen Days in Øksnehallen on Vesterbro, Copenhagen. Admission is free and thousands of internationals are expected to attend
Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

Chisom Udeze, the founder of Diversify – a global organization that works at the intersection of inclusion, democracy, freedom, climate sustainability, justice, and belonging – shares how struggling to find a community in Norway motivated her to build a Nordic-wide professional network. We also hear from Dr. Poornima Luthra, Associate Professor at CBS, about how to address bias in the workplace.
Lolland Municipality launches support package for accompanying spouses

Lolland Municipality, home to Denmark’s largest infrastructure project – the Fehmarnbelt tunnel connection to Germany – has launched a new jobseeker support package for the accompanying partners of international employees in the area. The job-to-partner package offers free tailored sessions on finding a job and starting a personal business.

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