Our money
From March 24, MobilePay will take a 1% fee from private transfers above 4,000 DKK. Why? To cover the current deficit. The company has not made a profit since its launch in 2013.
163 million DKK to fight the development of the underground crime industry (crime-as-a-service). The money will mainly go to the Copenhagen Police Investigation Unit and the NSK (National Unit for Serious Crimes). The police should strengthen capabilities to access criminal communications on encrypted messaging services and support complicated investigations that require special interventions in the digital area. In the same law, 110 million DKK has been allocated to increase the number of police officers.
What is crime-as-a-service? Since April 2024, there have been 32 cases of crimes ordered via encrypted messaging services. Mainly, young people from Sweden have been hired to carry out crimes in Denmark. The price for an assassination? 400,000 to 500,000 DKK. To blow up a place? 50,000 to 100,000 DKK.
137 million DKK to fund 22 initiatives against negative social control. What to expect? Shelters for families with children who have been exposed to honor-related conflicts. More security consultants to advise municipalities and individuals. More rights counselors deployed at youth institutions to help students exposed to negative social control. First cousin marriages are outlawed. Awareness campaign about re-education trips and involuntary stays abroad.
67.4 million DKK to fund 15 projects aimed at the protection of drinking water. The largest project is in Grenå (Norddjursland), where 26.4 million DKK will be used to clean 662 hectares of nitrates and pesticides. Also, 231 unused wells and boreholes will be closed. You can see the other projects funded here.
State of the markets
2,700 more employees in November 2024 compared to the previous month. A new record in employment has been achieved with 3,035,400 people that have a job.
142,592 houses have installed solar panels. A decade ago, there were around 90,000 houses with solar panels. Most of the 52,000+ new systems were installed between 2022-2024. Why? Rising electricity costs.
Due to the gradual phase-in of the car registration tax, electric cars will become more expensive. In fact, the price will jump at least 8% every year until 2030. The auto industry is pushing to scrap the car registration tax entirely, proposing instead a road usage tax to replace it.
Ørsted, a green energy company partly owned by the Danish State (50.1% of the shares), is already feeling the effects of the new U.S. president’s decision to switch focus away from solar and wind power to oil and gas. The share value dropped 20% since Monday (January 20). However, the company is doing well on the European and Asian markets, so their value might still recover.
Vestas, another green energy company, will build 64 wind turbines in Ukraine. The value of the order is 3.6 billion DKK. Once completed, they will provide energy to 700,000 houses. The reconstruction of Ukraine presents a significant opportunity for Danish companies, and many aren’t waiting for the war to end—they’re already leading the charge in this new gold rush.
The Franco-Dutch airline KLM was reported to the police by the Consumer Ombudsman. Why? The Marketing Act. Companies in Denmark need to be able to prove any claims they make in public. Otherwise, they are misleading. So what did KLM do? They used the words “a big step towards travelling a little more sustainably” while adding only 1% sustainable fuel to the planes.
