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Daily events from Denmark

The latest news from Denmark in Еnglish


Business News Summary: Delayed Electricity Projects, Scam Videos, Retirement Age, and Corporate Tax Revenue

Energinet reports that 80% of its projects to expand Denmark’s electricity grid with renewable energy sources are delayed due to over-implementation of EU environmental rules. This is slowing down the delivery of cheaper, green energy, which businesses are seeking.

The delays stem from unnecessary requirements, specifically the environmental screening process for burying cables, which takes 722 days. Energinet is urging Denmark to change the rules to streamline the process without compromising the environment. Green Power Denmark supports this criticism. The Minister for Green Tripartite has promised a swift review to address the delays while protecting nature and the environment.

Danish top executives are being abused in scam videos using deepfake technology on Facebook. These scams have replaced earlier methods like fake emails and shady online advertisements.

The retirement age in Denmark has been raised to 70, as the Danish Parliament adopted the change on Thursday, due to increased life expectancy. There are options to make pension savings last longer.

Customers have filed a police report against Aarhus billionaire Anders Marcus and his investment company Obton, alleging misappropriation of millions. The lawsuit claims that money was improperly withdrawn from a solar cell company. Investors and the board of directors of Obton Solenergi Balance have voiced support for the police report.

Corporate tax revenue is projected to exceed previous estimates by approximately 300 billion kroner over the next decade. Dansk Erhverv advocates for a reduction in corporation tax to enhance competitiveness.

The private equity fund EQT is reportedly preparing to sell Molslinjen in a deal potentially worth billions. Deutsche Bank has been engaged to explore the sale of Nordic Ferry Infrastructure (NFI), the company behind Molslinjen.