Ben Hamilton
April 12th, 2022

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Sometimes it really is too good to be true (photo: jonny goldstein/Flickr)

Anja Philip, the chair of the Forbrugerrådet Tænk consumer council, wants more action to prevent consumers from falling prey to loan sharks operating on Facebook.

Legislation introduced in 2020 has made sure that loans can only be offered with a maximum annual interest rate of 35 percent, causing around half of all quick loan companies to leave the Danish market.

Previously some loans came with annual interest of 700-800 percent.

Needs to be enforced
However, the offers are still available via Facebook and this concerns Philip.

“We have no doubt it has been good to get the legislation in place,” she told TV2. 

“Now we just have to have it enforced, and also on Facebook where we can unfortunately see that some people take advantage of the opportunity to give expensive loans there.”

Danfoss asked to explain why its component is in Russian military vehicle
Danfoss has been asked to explain why a seized Russian military vehicle inspected by Ukrainian troops was found to contain one of its solenoid valves. The inspection revealed the vehicle contained parts from a number of Western companies. Danfoss has denied contravening sanctions, suggesting the valve is relatively old, more generally found in air conditioning and cooling systems, and most likely produced in one of its factories in Denmark or Poland. The Danish Business Authority has launched an investigation to see if any sanctions have been violated. Danfoss has several factories in Russia where it derives a turnover of more than 2 billion kroner a year.

Ørsted hopeful of pan-European refusal to pay Gazprom in rubles
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Dansk Erhverv: Ukrainians with job offers need to be fast-tracked
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Gas bill crisis has hit a seventh of Danish homes, reports Danmarks Statistik
Danmarks Statistik figures confirm that one in every seven Danish homes has a central heating boiler fired by natural gas, thus underlining the extent of the energy price crisis that has hit many people this past winter. Some 412,000 homes are heated by gas boilers – close to a seventh of the nation’s 2.78 million homes. While the figure is 4,800 fewer than last year, it is 17,600 more than in 2010. The gas boilers are particularly popular in north and east Zealand, where they are found in a third of all homes. In Dragør, the percentage is 69 percent. Bills have also soared for those connected to gas-fired district heating systems.  

SAS announces new services after bumper March
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Bang & Olufsen revenues continue to increase, but it still can’t make a profit
A global shortage of components failed to halt the good run of luxury electronic goods manufacturer Bang & Olufsen, which has declared a double-digit growth rate for the seventh quarter in a row. Its quarterly turnover for the three months ended February 28 was 775 million kroner – 77 million better than the same period a year ago. However, the company declared a loss once more due to spiralling costs, high inflation and the knock-on effects of global uncertainty. With nine months gone of its 2021-22 fiscal year, it is sitting on a loss of 26 million kroner on turnover of 1.9 billion.

Easter holiday home rentals through the roof
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