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

  • Chinese wind turbine companies sign pact to end race-to-the-bottom price war

    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

    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.

  • Retention is the new attraction

    Retention is the new attraction

    Many people every year choose to move to Denmark and Denmark in turn spends a lot of money to attract and retain this international talent. Are they staying though? If they leave, do they go home or elsewhere? Looking at raw figures, we can see that Denmark is gradually becoming more international but not everyone is staying. 

  • Defence Minister: Great international interest in Danish military technology

    Defence Minister: Great international interest in Danish military technology

    Denmark’s Defence Minister Troels Lund Poulsen attended the Association of the Unites States Army’s annual expo in Washington DC from 14 to 16 October, together with some 20 Danish leading defence companies, where he says Danish drone technology attracted significant attention.

  • Doctors request opioids in smaller packs as over-prescription wakes abuse concerns

    Doctors request opioids in smaller packs as over-prescription wakes abuse concerns

    Doctors, pharmacies and politicians have voiced concern that the pharmaceutical industry’s inability to supply opioid prescriptions in smaller packets, and the resulting over-prescription of addictive morphine pills, could spur levels of opioid abuse in Denmark.

  • Housing in Copenhagen – it runs in the family

    Housing in Copenhagen – it runs in the family

    Residents of cooperative housing associations in Copenhagen and in Frederiksberg distribute vacant housing to their own family members to a large extent. More than one in six residents have either parents, siblings, adult children or other close family living in the same cooperative housing association.

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Career

  • Come and join us at Citizens Days!

    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

    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 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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