Our money
💶 ECB cuts interest rates again. The European Central Bank has lowered rates to 2.5%, marking the sixth cut since mid-2024. Inflation is easing, yet economic growth remains weak. Denmark’s Nationalbank has followed suit, lowering key interest rates by 0.25% from March 7. More cuts may come before summer, but uncertainty from EU defense spending and Trump’s tariff threats could change the outlook.
🍽️ New wage deal for hospitality workers. A new three-year agreement has been reached for 70,000 hotel and restaurant employees, increasing minimum wages by 1,700 DKK, raising weekend/evening pay by 3.5%, and boosting pension contributions. The deal also introduces better sick pay, extra paid parental leave, and more flexibility for young workers.
💰 People abroad owe billions in unpaid debt. A record 175,000 people have left Denmark with a combined debt of 18.1 billion DKK, including unpaid taxes, student loans, and fines. Politicians are demanding action, but debt collection abroad is tricky; without international agreements and valid addresses, enforcement is difficult. Despite efforts, the problem has grown, with debt increasing by over a billion DKK in the past year.
📈 Crypto surges as Trump pushes U.S. crypto reserve. Bitcoin jumped 8.6% and Ethereum 7.1% after Trump announced plans for a state-backed crypto reserve. The move aims to stabilize digital currencies and attract innovation to the U.S. Experts say it could reduce crypto volatility and boost investor confidence. Meanwhile, European policymakers remain hesitant, despite crypto’s growing economic impact.
💣 Denmark rethinks massive arms deal after Trump’s NATO chaos. Denmark’s plan to buy Patriot missile systems from the U.S. is in question after Trump signaled that allies can’t count on American protection. The 25 billion DKK defense deal was supposed to secure Denmark’s place on “Team USA,” but after Trump’s public scolding of Ukraine, doubts are growing about the reliability of American weapons. European competitor Eurosam now looks like a safer bet with its SAMP/T system, which has already been battle-tested in Ukraine.
State of the markets
📬 End of an era: PostNord to stop delivering letters in Denmark. After centuries of postal service, Denmark’s mail delivery will officially come to an end by the end of this year. With letter volumes down 90% since 2000, PostNord will now focus entirely on parcels, reflecting the digital shift in communication. The change means 1,500 employees will lose their jobs, a decision met with shock and sadness among staff.
📬 PostNord says goodbye to letters; Dao steps in. From 2026, Dao will take over nationwide letter delivery, promising lower prices and improved service. Unused stamps from 2024-2025 can be refunded in 2026. As Denmark embraces digital communication, letter-sending is becoming a thing of the past.
🚗 Tesla crashes in Denmark’s car market. Just two years ago, Tesla was Denmark’s best-selling car brand. Now? It has dropped to 10th place. Fierce competition from German and French automakers, price cuts across the board, and a growing number of politically conscious consumers. Volkswagen is dominating with a 37% market share, led by the ID.4.
🌍 EU’s plan to cut red tape sparks green backlash. The European Commission wants to slash up to 35% of bureaucratic requirements for small and medium-sized businesses, arguing it will boost competitiveness against the U.S. and China. Business leaders welcome the move, saying excessive paperwork stifles innovation. But green NGOs warn it’s a disguised rollback of climate accountability.
