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Business

Denmark best place in Europe to do business

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October 29th, 2014


This article is more than 10 years old.

The fourth place finish is its best ever result globally

Denmark has once against been voted the best place to do business in Europe by the World Bank's Doing Business Index for 2015 (here in English).

Globally, the Danes finished fourth, which is the nation's best placing since the index was first launched in 2005.

”I am proud that Denmark is one of the countries in the world where it's easiest to start and run a business,” Mogens Jensen, the trade and development minister, said in a press release.

”Topping this important competition index is good for our ability to create and retain new jobs by attracting foreign investment and spur financial growth.”

READ MORE: Denmark one of the most competitive countries for business

Singapore tops
Denmark was ranked 12th overall when the index made its debut in 2005 before jumping up to fifth for three straight years from 2012-2014.

Among the reasons for the latest step up is the government's decision in 1 January 2014 to reduce the capital amount needed to start liability companies from 80,000 to 50,000 kroner.

Singapore topped the index, followed by New Zealand and Hong Kong, while South Korea, Norway, the US, the UK, Finland and Australia rounded up the top ten. Eritrea, Libya and the Central African Republic were ranked bottom of the list.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”