Copenhagen, Denmark News

About Copenhagen, Denmark

Copenhagen is a center for business and science, not only in Denmark, but also in the Oresund Region and Scandinavia. Thus the Copenhagen Capital Region had both the highest GDP per capita and economic growth in the whole of Denmark in 2005.

In a 2006 survey of the richest cities in the world, Copenhagen was ranked 9th, and along with the Norwegian capital Oslo the highest gross wages were paid in Copenhagen, but the high taxes mean that wages are reduced after mandatory deduction.

Furthermore, Copenhagen has in several surveys been ranked as one of the most expensive cities in the World.

In a newly released survey by the Swiss bank UBS AG, the second largest bank in Europe by market capitalisation, Copenhagen had the highest gross wages in the World, and the average wage earner in Copenhagen earned somewhat 40% more than the average person in New York, considering the 14 most prevalent crafts, but when considering the tax level and generel prices, Copenhagen drops down to a 6th place in the survey and in a calculation of the hourly domestic puchasing power, with the most common average expenses and rent included, Copenhagen only reaches a 16th place, behind cities such as Zurich, Munich and Oslo.

Several international companies have established their regional headquarters in Copenhagen, e.g. Microsoft. Maersk, the world's largest container shipping company, has their world headquarters in Copenhagen.

A substantial number of Danish pharmaceuticals such as Novo Nordisk, Ferring Pharmaceuticals and Bavarian Nordic also operate in the area, having placed their headquarters in or close to Copenhagen.

Copenhagen is home to the oldest and largest university in Denmark, the University of Copenhagen founded in 1479.

The University does renowned research within science, health, law, social sciences, theology and the humanities and forms part of the International Alliance of Research Universities (IARU), which is a collaboration between high-ranking universities including Oxford, Cambridge, Yale and the University of California at Berkeley.

The University attracts app. 1500 international and exchange students every year. The city is also home to EQUIS accredited and high-ranked Copenhagen Business School.

Other Major Cities:

• København
• Århus
• Odense
• Aalborg
• Esbjerg
• Randers
• Kolding
• Horsens
• Vejle
• Roskilde
• Herning
• Silkeborg
• Næstved