Denmark Economy and Currency

By | July 28, 2021

ECONOMY

Business etiquette

Almost all Danish business people speak English, some also speak German. Punctuality is very much appreciated. The summer holiday season between mid-June and mid-August is less suitable for business visits.
Copenhagen
Make sure to be on time for appointments. Business people dress quite formally: men wear suits and ties, women a trouser suit or a costume. To greet and say goodbye you shake hands; Business cards are exchanged after one has introduced oneself. Most Danes, especially those in international business, speak excellent English and often also German and French.

Business travelers are well looked after, providing lunch, taxis, accommodation and, if necessary, a daily program. Meetings almost always take place in rooms where smoking is not permitted, but moderate alcohol consumption at a business lunch or dinner is possible.

Opening hours

Business hours: Mo-Fr 08.00 / 09.00-16.00 / 17.00. Many shops close earlier on Friday.

Economy

Copenhagen Capacity (Business Development Copenhagen)
Im Heitkampe 36, D-30659 Hannover
Tel: (0511) 965 18 10.
Internet: www.copcap.dk

Trade, IT, Industry and Service (Danish Chamber of Commerce)
Børsen, DK-1217 Copenhagen K
Tel: 70 13 12 00.
Internet: www.htsi.dk

German-Danish Chamber of Commerce
Børsen, DK-1217 Copenhagen K
Tel: 33 91 33 35.
Internet: www.ahk-daenemark.dk

Business contacts

Copenhagen Capacity (Business Development Copenhagen)
Im Heitkampe 36, D-30659 Hannover
Tel: (0511) 965 18 10.
Internet: www.copcap.dk

Trade, IT, Industry and Service (Danish Chamber of Commerce)
Børsen, DK-1217 Copenhagen K
Tel: 70 13 12 00.
Internet: www.htsi.dk

German-Danish Chamber of Commerce
Børsen, DK-1217 Copenhagen K
Tel: 33 91 33 35.
Internet: www.ahk-daenemark.dk

COMMUNICATION

Phone

The country code is 0045. International calls can be made cheaply via mobile phone in the EU. Public phone booths are available for cards or coins. Payphones can be used with 1, 2, 5, 10 and 20 kroner or with 10, 20, 50 cents and 1, 2 euro coins. There are also public telephones that can be used with credit cards.

Cellphone

GSM 900/1800. Mobile phone companies include Telia A / S Denmark (GSM 1800; Internet: www.telia.dk) and Telenor (GSM 900/1800; Internet: www.telenor.dk).

International roaming can be used within the EU at the Euro tariff. Customers of all European mobile network operators automatically make all calls in and from other EU countries at the Euro rate. However, the Euro tariff does not apply to other mobile communications services such as SMS, MMS and data transmission.

Internet

Internet cafes are not well represented in Denmark, a country located in Europe according to pharmacylib. But you have wireless access to the Internet via Wi-Fi in cafés, libraries and other public places such as in the S-Bahn in Copenhagen and at Copenhagen Airport. Mobile surfing on the Internet is also made possible by the Goodspeed Wi-Fi hotspots, which are subject to a charge (Internet: goodspeed.io/de/index.html).

Post Office

Fee lists for mail and telephone traffic are posted in post offices. You can also write poste restante to all post offices. The post offices open Mon-Fri 9 a.m.-5.30 p.m., some also Sat 9 a.m.-12 p.m.

Radio

Since the use of shortwave frequencies changes several times over the course of a year, it is advisable to contact Deutsche Welle customer service directly (Tel: (+49) (0228) 429 32 08. Internet: www.dw-world.de) to request.

MONEY

Currency

1 Danish Krone = 100 Øre. Currency abbreviation: dkr, DKK (ISO code). There are banknotes in denominations of 1000, 500, 200, 100 and 50 dkr, coins in denominations of 20, 10, 5, 2 and 1 dkr and 50 Øre.

Credit cards

MasterCard, American Express, Diners Club, Visa and all other major credit cards are accepted. Details from the issuer of the credit cards in question. Credit cards are accepted by all financial institutions as well as many hotels, restaurants and larger shops.
ATMs

ec / Maestro card / Sparcard
With an ec / Maestro card and pin number, cash in the local currency can be withdrawn from ATMs. In many European countries it is also possible to pay in shops with the ec / Maestro card. Cards with the Cirrus or Maestro symbol are accepted in Europe and worldwide. Further information from banks and credit institutes. The same applies to the German Sparcard, the successor to the postal savings book as a means of procuring currency in other European countries. With a Sparcard and PIN number, cash can be withdrawn from European ATMs with the Plus logo.

Attention: Travelers who pay with their bank card abroad and want to withdraw money should find out about the possibilities of using their card from their bank before starting their journey.

Bank opening times

Mon-Wed and Fri 9.30 a.m.-4 p.m. / 5 p.m., Thu 9.30 a.m.-6 p.m. Some banks in Copenhagen are open Monday to Friday from 9:30 a.m. to 5:00 p.m. Some exchange offices are open until midnight.

Foreign exchange regulations

For travelers inside and outside the EU, there are no restrictions on the import or export of national and foreign currencies. Obligation to declare cash from € 10,000 (including travelers’ checks, other currencies or checks made out to third parties).

Currency Exchange

Foreign currencies can be exchanged in banks and exchange offices, but banks can refuse to exchange large foreign banknotes. A change fee will be charged regardless of the amount. There are numerous ATMs at which cash can be withdrawn in the local currency with EC / Maestro, Master, Cirrus, Spar- and Visacard.

Denmark Economy