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Tag Archives: Denmark

Denmark comes third with 38.9 percent in Highest Income Tax Rates Index

COPENHAGEN: Denmark comes in third with 38.9 percent in countries those have highest tax rates, said OECD. Varying hugely among countries depended highly on other factors like earnings, marital status and so on. A single person on an average salary without children will have the highest income tax rate in Belgium some 42.8 percent of his or her earnings at ... Read More »

Danish cop nabbed for buying drugs

COPENHAGEN: A Danish policemen has been arrested by his fellow mates in the city of Esbjerg on charges of buying cocaine and amphetamines. The drugs were found in the apartment of the 39-year- old during investigation. He has since been charged with three drug crimes – buying cocaine for personal use and twice using amphetamines and cocaine with his pusher. ... Read More »

Denmark’s first Maersk Line floats back at Southampton port

COPENHAGEN: Maersk Line’s first vessel, the Susan Maersk arrived back at Southampton port at 00:29 as part of the container shipping company’s new East West Network, a global shipping service that connects Europe, North America and Asia. The vessel, 347 meters long and capable of carrying over 10,000 twenty foot containers, is calling in Southampton as part of a voyage ... Read More »

Denmark’s Esvagt to obtain first wind service operation from Havyard Ship Norway

ATHENS: Danish Shipping Company Esvagt has obtained the first of three offshore wind service operations from Norway’s Havyard Ship Technology. The 83.7-metre vessel is the first of its kind to be manufactured by the oil sector specialist and will be deployed under long-term contracts with Siemens. The vessel is the first of a pair ordered in July 2013 to work ... Read More »

Denmark Maersk’s CEO sees price stagnation as no trouble

COPENHAGEN: The new CEO of AP Moller-Maersk, Nils Smedegaard Andersen who got appointed in 2007 said that he saw no huge changes in the maritime company share price. The company’s shareholders have seen only modest returns, despite extensive efficiency initiatives, divestitures and a major buyback of shares worth more than five billion kroner, Finans reports. “Maersk shares have in recent years ... Read More »

Denmark strikes back at speculators as krone’s peg to euro

COPENHAGEN: As the policy makers try to flush out speculators still betting against krone’s peg to the euro, Denmark’s central bank may set a world record in negative interest rates ever. The central bank will probably cut its benchmark deposit rate by a quarter of a percentage point to minus 1 percent today, according to Nordea Bank AB, Scandinavia’s largest ... Read More »

Danish Central Bank cuts deposit rate for fourth time in less than three weeks

COPENHAGEN: For the fourth time in less than three weeks,  National banken has cut its deposit rate by 0.25 percent points to -0.75 percent  leaving its lending rate unchanged. On January 19 the deposit rate, which was cut to below zero in September for the first time since 2012, was reduced to -0.2 percent from -0.05 percent. Two further cuts ... Read More »

Talent acquisition expert Kristine Cholewa joins Boyden Denmark

COPENHAGEN: A global leader in executive search Boyden with more than 70 offices in more than 40 countries announced that Kristine Cholewa, a highly regarded talent acquisition expert in the Nordic region, has joined the firm as a Managing Partner of Boyden Denmark. Ms. Cholewa will play a key role in recruiting for CEOs, Board of Directors and other senior ... Read More »

Denmark’s Maersk Line in talks with Asian shipbuilders for $1.5 billion deal

COPENHAGEN: The world’s biggest container-shipping company in terms of capacity which is Denmark’s Maersk Lines is said to be in talks with Asian shipbuilders about the order of up to 10 container mega ships worth around $1.5 billion. A spokesman for Maersk Line, a unit of conglomerate A.P. Møller-Mærsk A/S, declined to comment. Container shipping, which carries about 95% of ... Read More »

Water bills set to increase in Denmark after introduction of controversial tax law

COPENHAGEN: Water and supply companies in Denmark will have to pay an unexpected punitive tax that may significantly increase water bills this year, following the introduction of a controversial tax law. Some households with be affected, and that a family with an annual water consumption of 120 cubic meters may end up paying up to 1,000 kroner more. Although the ... Read More »

Denmark to develop Offensive Cyber Warfare to repel assaults, launch counter strikes

HELSINKI: Denmark by establishing Offensive Cyber Warfare (OCW) unit to repel assaults and launch counter strikes, has responded to a series of cyber attacks against private and state defense organizations. The task of establishing and operating the OCW will fall to the Danish Defense Intelligence Service (DDIS). The DDIS operates as a department of the MoD and is Denmark’s chief ... Read More »

Danish firms benefitting from African construction industry boom

COPENHAGEN: Africa is fast becoming a key market for Denmark companies in the construction industry a boom in private investment has resulted in fees on the continent being up to 30 percent higher than in Europe. African business now accounts for 25 percent of turnover for the Danish multidisciplinary consultancy Niras, and Carsten Toft Boesen. Development in Africa has moved in ... Read More »

Denmark’s Bang & Olufsen’s chief says would listen to bid approaches

COPENHAGEN: Bang & Olufsen (B&O), Danish television and sound system maker would consider any bid approach from a larger rival as it seeks a response to problems that caused a profit warning last month, its chairman said. B&O, a 90-year-old company, which makes products for the luxury end of the consumer market, saw its shares fall to their lowest level ... Read More »

Denmark people pay highest tax in world

COPENHAGEN: A newly released report from from the Organization for Economic Cooperation and Development (OECD ) shows that “Denmark is the most taxed country in the world with nearly half of its GDP raised through taxes”, and the tax burden in Denmark stood at 48.6 percent in 2013, the highest among the 34 OECD member countries. While the OECD average ... Read More »

ICT nominates Denmark as world’s most connected country

Geneva: A study released that Denmark is the world’s top country for cellphone and internet use. The data was collected by the International Telecommunications Union, which analyzes information and communication technologies (ICTs). Denmark has overtaken South Korea as the world’s top country for cell phone and Internet use, a study relinquished verbalized. In the third place was Sweden, followed by ... Read More »

3 billion Denmark people connected online worldwide

LONDON: Denmark is the world’s most connected country as she topped the International Telecommunications Union’s annual information society report, which showed that over three billion people are now online worldwide. Danish students’ IT skills second best: study (24 Nov 14) Korean tragedy examines online addiction (07 Nov 14) Denmark world’s fourth most prosperous nation (03 Nov 14) Denmark best in ... Read More »

Denmark seeks India ports to ease tariff regulations

NEW DEHLI: Denmark sees vast scope for cooperation with the shipping sector here, but wants ports in India to ease tariff norms. Addressing an FICCI event on ports and shipping here, Freddy Svanne, Ambassador of Denmark to India, said there was a need for tariff regulations to be relaxed in the port sector. He said he had spent five years ... Read More »

World Bank ranks UK at No 7 among business-friendly economies

LONDON: A World Bank report has ranked the UK in the top 10 economies around the globe that are the most business friendly in terms of regulations. This is according to the World Bank Group’s report Doing Business 2015: Going Beyond Efficiency. Joining the UK in the top ten were New Zealand, Hong Kong, China, Denmark, South Korea, Norway, the ... Read More »

Foreigners invited to invest in agriculture sector

ISLAMABAD: The speakers at International Investment Conference have been offered to invest in the agricultural sector as it is the most promising sector for investments. The conference was organized by the Board of Investment to highlighting the investment opportunities and to urge the foreign investors to explore untapped potential of the country More than 350 delegations from all over the ... Read More »

Pakistan future hub of trade, commerce in Asia: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal said that Pakistan was a future hub of trade, commerce and industry in Asia as it was located in that of the continent. “It is the best time for the foreign investors to invest in Pakistan as the country is rapidly developing and it is becoming stable and peaceful”, he ... Read More »