Our money
🚀 Danish companies get a tech boost — without breaking the bank. Innovation is expensive, risky, and often out of reach for smaller businesses. But Denmark just made it a whole lot easier. The government is pumping 357 million DKK per year into seven GTS institutes, which will develop cutting-edge tech in areas like AI, quantum tech, and energy — and here’s the kicker: any Danish company can access it.
💰 War tax or budget cuts? The NATO bill is coming. Want Denmark to meet Trump’s 5% NATO demand? That’ll be 30 billion DKK for every 1% increase — a sum that economists say won’t fit in the current budget. That leaves three options:
1️⃣ Work more. (Unpopular.)
2️⃣ Cut welfare. (Very unpopular.)
3️⃣ Introduce a war tax. (Cue political meltdown.)
📉 Good news for borrowers: interest rates are going down! Denmark’s National Bank just cut interest rates by 0.25%, bringing it down to 2.35%. Economists expect two more cuts by summer, potentially landing at 1.1%. Why? Inflation is under control, but the economy needs a boost after the EU’s economic growth flatlined at 0% last quarter.
State of the markets
⚡ One charging point for every 200 people in Denmark! Denmark is juicing up its EV game. In the last quarter of 2024, the number of public charging points skyrocketed — because, surprise, 60% of all newly registered cars were electric. The result? We now have one charging station for every 11 electric cars.
🌱 Seaweed: The next green gold? Denmark and Korea think so. Forget kale — seaweed is the real superfood of the future. It grows without land, needs no fertilizer, and has massive potential not just in food, but in bioplastics, medicine, and green innovation. A new Danish-Korean Blue Bioeconomy Alliance is connecting researchers and businesses to turn seaweed into a sustainable industry powerhouse.
🚗 Ditching Tesla? Musk’s Trump support sparks backlash in Denmark. Elon Musk’s endorsement of Trump is leaving some Tesla owners in Denmark with a bad taste — and a tough decision. Car dealers and FDM report a drop in Tesla interest, with buyers actively avoiding the brand for political reasons.
