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Copenhagen falls back on global city index

Written by Cecilia Helland on Wednesday, 23 April 2014. Posted in Denmark, Articles of Denmark, Main 1, Right bottom - 8st

New York finished top, followed by London, Paris, Tokyo and Hong Kong.

Today more than ever, global cities need to run just to stand still. Urban leaders who wish to provide their citizens with the benefits of becoming a global power­house must fire on all cylinders, all the time.

Read more at - 2014 Global Cities Index and Emerging Cities Outlook

Consumer price levels by Eurostat

Written by Tony Harkén on Tuesday, 25 June 2013. Posted in Denmark, Articles of Denmark, Main 2, Main 6 - 3st

Price levels of food ranged from 61% of the EU27 average in Poland to 143% in Denmark in 2012.

Read more here

NCC secures contract for green energy plant in Copenhagen

Written by Cecilia Helland on Tuesday, 12 March 2013. Posted in Denmark, Articles of Denmark, Main 1, Main 6 - 3st

NCC has been commissioned to construct a large part of the first phase of the waste-based energy-producing plant Amager Bakke on behalf of the contractor I/S Amager Ressourcecenter (I/S Amagerforbrænding).

The contract value is SEK 250 million and the order will be registered in the first quarter of 2013.

The contract includes construction site management, ramming and construction of new silos as well as earth and concrete works during the first phase of the construction of Amager Bakke.

The basic contract amount is SEK 250 million but, including possible additional assignments, the total contract value could reach as much as SEK 307 million.

Amager Bakke, which is located in Copenhagen, will be a modern energy-producing plant for waste management and resource recycling, designed using state-of-the-art green technology. The facility will replace a current waste-incineration plant, which is more than 40 years old.

The architect behind the plant is the internationally renowned Danish architect Bjarke Ingels, who has also designed an artificial ski slope on the roof of the structure.

The contract will be registered by the business unit NCC Construction Danmark during the first quarter of 2013.

Backing innovative enzyme research in Denmark

Written by Tony Harkén on Thursday, 24 January 2013. Posted in Denmark, Articles of Denmark, Main 1, Main 5 - 3st

An EUR 100m EIB loan is supporting research, development and innovation (RDI) projects in enzymes, novel proteins and micro-organisms by Novozymes, the world’s largest producer of industrial enzymes. The firm is located in the Danish capital, Copenhagen.

“In nature, enzymes catalyse biochemical reactions. They convert food in our stomachs into energy and turn fallen leaves into compost. Enzymes help us make products more efficient,” says Mads Bodenhoff, Vice-President of Finance at Novozymes. In industry, enzymes replace chemicals and accelerate production processes. They help companies make more using less water, energy and raw materials with technology that replaces conventional chemicals and reduces environmental impact.

Supporting leading-edge bio-innovation

“With over 700 products used in 130 countries, our bio-innovations improve industrial performance and safeguard the world’s resources by offering better and more sustainable solutions,” says Bodenhoff. The EIB has already successfully provided the rapidly growing and innovative company with financial backing for its RDI. Novozymes also regularly figures high on the European Commission’s R&D scorecard, which compares the R&D investment levels among Europe’s top companies. It invests 14% of its revenue in research and development, which is high in comparison to industry peers.

Converting waste into fuel

Novozymes is also developing the enzymes needed to produce cellulosic (“second-generation”) biofuel. This is widely seen as preferable to first generation biofuel, as it uses agricultural residues and waste rather than crops such as corn and wheat. Biofuel based on waste is able to reduce carbon dioxide emissions by as much as 90% compared to fossil fuels.

“The way forward is to convert the residue part of the crop into sugars which can then be used for fuels," Bodenhoff explains. Thus wood chips, stalks and husks can be turned into a valuable resource. “The technology is ready now and offers a solution to many problems,” he adds. “If you take just 20% of the agricultural and forest residue available in Europe, which can be taken away from the fields sustainably, you can meet half of Europe's fuel needs.”

The Danish Government must save money

Written by Cecilia Helland on Thursday, 30 August 2012. Posted in Denmark, Articles of Denmark, Main 1, Main 7 - 3st

The Danish Government has been forced to tighten the budget. Each minister has the mission to save five percent, which means that almost 1.000 people will lose their jobs, which is the largest state cutback in 90 years.

However, the Danish Finance Minister Bjarne Corydon (Socialdemokraterne), believes that more savings are expected in order to reduce the state budget.

Vestas intensifies cost saving plan and announces further workforce reductions

Written by Tony Harkén on Thursday, 23 August 2012. Posted in Denmark, Articles of Denmark, Main 4, Main 7 - 3st

In order to prepare for 2013 which will be even tougher than 2012, Vestas has announced an increase in the expected fixed cost reduction to EUR 250m from the earlier stated EUR 150m.

This is based on a forecasted shipment of around 5GW in 2013 which will result in a significantly lower activity level in 2013 to which the company will naturally have to adapt.

Vestas had previously announced the workforce would be reduced by 2.335 by the end of 2012, these reductions are ahead of schedule and to reach that number 1.100 employees will be made redundant by the end of September 2012. Further employees will then be made redundant before the end of the year bringing the total number of employees down to around 19.000 by the end of 2012.

 

CEO Ditlev Engel says Vestas is intensifying earlier cost reduction plans in order to prepare for a challenging 2013.

“The further reduction in the workforce is part of the continued cost saving plans which Vestas has been working on since November 2011,” he says. “It is always unfortunate to have to say goodbye to good colleagues in Vestas, but we have said before that 2012 will be tough and 2013 will be even tougher for Vestas, and in order to reach our target of making 2013 profitable, it is unfortunately a necessity.”

How the reductions will affect Vestas

Global Senior Vice President of People & Culture Roald Steen Jakobsen says the further reduction in the workforce demonstrates Vestas is in full control of the cost reduction plan.

“Vestas is currently three months ahead of  schedule  in regards to employee reductions in the organisation and being able to intensify this plan in order to increase our cost savings target proves that Vestas is in full control and able to take the necessary action to secure profitability also in 2013,” he says.

“In order to determine which job functions will be affected by the reduction, Vestas is prioritising to maintain functions which are directly revenue or business generating,” finishes Roald Steen Jakobsen.

The workforce reductions will primarily affect salaried employees and it is expected that around 55% of the reductions will happen in Europe, the Middle East and Africa, around 25% in Asia Pacific and around 20% in the Americas. Details about the exact split on market level will be communicated as soon as negotiations with the unions have been finalised. 

About Vestas

Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 47,000 wind turbines currently reduces carbon emissions by approximately 55 million tons of CO2 every year, while at the same time building energy security and independence. 

Today, Vestas has delivered wind energy in more than 70 countries, providing jobs for over 20,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 65 per cent more megawatts installed than our closest competitor and more than 51 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

Unemployment Statistics for EU27

Written by Cecilia Helland on Friday, 06 July 2012. Posted in Denmark, Articles of Denmark, Right bottom - 8st, Main 5

There were large regional differences regarding unemployment in EU27 during 2011.

Low unemployment was found in Salzburg (2.5 percent) while Andalucia showed figures of 30.4 percent according to recent statistics from Eurostat - Regional Unemployment in 2011

Petersen Machinery expands to China

Written by Cecilia Helland on Thursday, 07 June 2012. Posted in Denmark, Articles of Denmark, Main 1, Right bottom - 8st

Petersen Machinery has now registered and started up a Sales & Service company based in Shanghai, China.

The company, named CIDAN Machinery Trading Shanghai Co. Ltd., will sell and service Petersen Machinery’s sheet metal machines under the brand name CIDAN throughout China.

The marketed machines will be the entire machine portfolio ranging from Power Folders, Mechanical Shears, Cut-to-Length Lines, and Decoilers up to as much as 8 millimeter thickness in mild steel.

The new company, CIDAN Machinery Trading Shanghai Co. Ltd, is owned 70% by Petersen Machinery Denmark A/S and the remaining 30% by the Danish Investment Fund for Developing Countries (IFU).

The company will do both direct sales but also sell through distributors to cover a larger part of China. The company will kick-start its establishment by having a booth at the CIMES 2012 exhibition in Beijing, taking place from June 12th to 16th. The staff will be trained local Chinese employees, but the Board of Directors will have members that represent the shareholders and also external members who will bring in required knowledge of the local conditions.

Petersen Machinery is a medium-sized company with a history of 105 years, producing machines for the thin sheet metal industry at production plants in Europe. The company is headquartered in Denmark with a strong presence in Sweden.

Especially the program within power folding machines has a unique position on the market as these machines provide the users with a range of advanced possibilities which today are not known to Chinese companies within thin sheet metal industry.

Today, machines from Petersen Machinery are sold at all key markets in Europe, South America as well as in North America where the company has its own sales office.

IFU is a fund owned by the Danish government and operating on commercial terms as a minority shareholder in companies in development countries.

Taxation trends in the European Union

Written by Cecilia Helland on Friday, 25 May 2012. Posted in Denmark, Articles of Denmark, Right bottom - 8st, Main 6

Further increase in VAT rates in 2012 and Corporate and top personal income tax rates inch up after long decline.

Read more here

Euro Health Consumer Index 2012

Written by Cecilia Helland on Wednesday, 16 May 2012. Posted in Denmark, Articles of Denmark, Main 7 - 3st, Main 6

Take part in the ranking of Europe's health care system where 42 indicators are included, such as patient rights, accessibility, range of treatment and access to services and its quality.

The best medical care in Europe can be found in the Netherlands, followed by Denmark, Iceland, Luxembourg and Belgium.

Lower figures were found in Poland, Albania, Latvia, Macedonia, Bulgaria and Serbia.

More information about the Euro Health Consumer Index 2012 can be found here

Labour costs in the EU27

Written by Cecilia Helland on Wednesday, 25 April 2012. Posted in Denmark, Articles of Denmark, Main 4, Main 5 - 3st

Eurostat has reported all member countries' average wage where all payroll taxes are included.

Not surprisingly, there are significant hourly labour cost differences between the member countries and most expensive is Belgium, where one worker per hour costs 39.3 Euro, followed by Sweden 39.1 Euro and Germany 30.1 Euro. In Latvia, the hourly labour cost is 5.9 Euro per hour.

Take part of Eurostat's compilationLabour costs in the EU27

Fees will be removed in Denmark

Written by Cecilia Helland on Thursday, 29 March 2012. Posted in Denmark, Articles of Denmark, Main 7 - 3st, Main 6

Denmark will remove the fee for open-air cafes which has been up to 364 dkr per month and square meter.

Cafes and restaurants are now looking forward to be able to lower their prices to consumers and hopefully this can create a more vibrant city life and improve the conditions for increased tourism.

The fee will be removed for the entire 2012 and the results will then be evaluated

Chinese DNA giant BGI expands in Denmark

Written by Tony Harkén on Saturday, 10 March 2012. Posted in Denmark, Articles of Denmark, Main 4, Main 8 - 3st

 

BGI, one of the world's largest genomics organisations, opens its first European Genome Research Center located in Copenhagen Bio Science Park (COBIS).

In 2010, they established a European headquarters in Denmark and became the largest ever Chinese Biotech investment in Denmark. Now, Chinese BGI, one of the world’s largest genomics organisations, is expanding their Danish presence with a European Genome Research Center in Copenhagen.

The center aims to establish collaborations to better accelerate the innovation and development of genomics research and applications in health care, agriculture, bioenergy and other related areas in Europe.

The opening ceremony of the genome research center was held at the Bio-center in University of Copenhagen last Friday, and it was attended by Pia Olsen Dyhr, Minister of Trade and Investments, Professor Huanming Yang, Co-founder and Chairman of BGI, and Professor Thomas Bjørnholm, Vice Chancellor of University of Copenhagen, among others.

Danish banks top the support list within the EU zone

Written by Tony Harkén on Wednesday, 22 February 2012. Posted in Denmark, Articles of Denmark, Main 3, Right bottom - 8st

 

The EU has presented new figures showing that Danish banks topped the list for state aid which is a form of aid that the EU does not really allow.

Since the beginning of the financial crisis in 2008, Denmark has had 18 different exceptions to circumvent the EU rules on state bank support. However, Denmark is not the only country. Germany and Ireland have circumvented the EU rules as well.

Overall, the Danish government and its taxpayers have supported the banking sector with 4.500 billion DKK since 2008 which is only surpassed by Ireland when comparing per capita of all 27 EU countries.

The taxpayers' warranties have been intended to support under-capitalized banks to absorb losses for the ten Danish banks that have gone bankrupt since 2008.

Denmark was not first country introducing bank support, but when other countries began to construct the state bank guarantees, the country was forced follow so that the nation's banks would remain competitive. The Danish banking sector is small by international standards, which is one reason that it is exposed to more pressure and therefore needs a greater security.

Foreign students want to stay in Denmark

Written by Tony Harkén on Wednesday, 22 February 2012. Posted in Denmark, Articles of Denmark, Main 2, Main 7 - 3st

 

After graduation, as much as 8 out of 20 students want to stay in the country, but worry about finding meaningful work.

Between 2001 and 2009 a total of 17.306 international students were educated in Denmark, and half of them stayed and lived there.

After graduation, most students stay up to six months to apply for a job, and then return back to their homeland since the cost of living in Denmark is high.

Copenhagen is the city where most people want to live in but it requires a well-paid job.

Today, there are students from 52 different countries in Denmark.

Copenhagen ranks in the top ten for quality of living

Written by Tony Harkén on Monday, 09 January 2012. Posted in Left 1, Denmark, Articles of Denmark, Left 1

Copenhagen has one the best living standards in the world, according to a new 2011 survey of the world's most livable cities.

Copenhagen beats popular European cities such as London, Barcelona and Stockholm in a recent survey of the most livable cities in the world.

Copenhagen ranks number nine in the world according to the Mercer 2011 Quality of Living Survey, which ranks cities by the quality of life they offer expatriate executives and their families across the world.

- The rating reflects the fact that we have much to offer when it comes to providing a good base for expats coming to work in Denmark. I think one of the most important things to emphasize is the good work-life balance in Denmark, where the management structure is mostly flat and informal, and everybody can speak out their opinion. Also, the Danish welfare state provides its citizens with high standards of social welfare such as free education and healthcare, says Pia Olsen Dyhr, Minister for Trade and Investment in Denmark.  

Copenhagen beats Stockholm and Oslo

In Europe, Vienna takes the lead in the rating followed by Zürich. Bern shares a ninth place together with Copenhagen, which gets the highest ranking of all Scandinavian cities. For instance, Stockholm is ranked number 20, Oslo is number 33 and Helsinki is number 35.

Mercer, a provider of advice to multinational companies on international assignments, conducts the yearly survey to help governments and multinational companies compensate their employees fairly when placing them on international assignments.

The survey covers 221 cities in the world where living conditions are evaluated according to different factors such as the political and social environment, public services and transportation, health and sanitation and more.

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