Denmark still Europe’s top country for business

A new report from the World Bank ranks Denmark as the world’s third best country for the ease of doing business.

Denmark still Europe’s top country for business
Only two countries topped Denmark in the World Bank's list. Photo: Tuala Hjarnø/Copenhagen Media Center
The World Bank Group’s Doing Business 2016 report ranks Denmark behind only Singapore and New Zealand as the best countries for business. 
The third place ranking sees Denmark defend its title as the best country in Europe and move up one overall spot from last year’s report. 
The improvement in the ranking was greeted warmly by Foreign Minister Kristian Jensen, who said “creating a good and efficient business environment for both foreign and Danish companies is a key priority of the Danish government”.
“It is the second year in a row that Denmark takes a step up in the World Bank’s Doing Business ranking and I hope that more foreign investors will consider growing their business in the world’s third best country for business,” Jensen said on the ministry-run Invest in Denmark website
The World Bank report pointed to Denmark’s effective digitization processes, which allow for quick and easy registration of companies, acquiring a NemID signature and registering employees with insurance. All of those procedures can be done in less than one day and registering a company with the Danish Business Authority costs just 670 kroner. 
The report also put Denmark at the very top when it comes to trading across borders, with free border and documentary compliance on imports and exports.
Denmark was one of four Nordic nations in the top ten, joined by Sweden (eighth), Norway (ninth) and Finland (tenth). The UK was sixth and the US was seventh. The full ranking can be found here
As a whole, the report concluded that 60 percent of the world’s economies had improved their business climates over the past 12 months. 
The Doing Business report looked at ten topics in 189 global economies: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
Business magazine Forbes has an even more bullish outlook on Denmark, having ranked the Scandinavian country as the world's absolute best country for business in December. 

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Danish uni upwardly mobile on Young University Rankings

Aalborg University climbed eight places as Times Higher Education (THE) announced its Young University Rankings list Wednesday.

Danish uni upwardly mobile on Young University Rankings
Photo: Aalborg Universitet

Moving from a position of 31st in last year’s table to 23rd on the new list, Aalborg University (AAU) is described by THE as “providing students with academic excellence, cultural engagement and personal development since its inception in 1974.”

The university – which also has campuses in Copenhagen and Esbjerg – is also placed in the 201-250th range in the Times Higher Education list for all international universities, which was released last year.

Aalborg itself was voted the happiest city in Europe in 2016.

AAU’s rector Per Michael Johansen The Local that the new ranking was a “huge pat on the back” for all involved at the university.

“We have talented researchers and colleagues and it is clear that a high placing on a well-regarding ranking like this makes us more recognisable and therefore able to attract talented international researchers,” Johansen said.

The Times Higher Education 200 Under 50 Rankings 2017 applies the same 13 performance indicators as the THE World University Rankings. These indicators are recalibrated to reflect the missions of younger, more dynamic institutions and grouped into five areas: teaching, research, citations, international outlook and industry income.

READ ALSO: Uni of Copenhagen ‘second best in Continental Europe’

“It is no easy task to appear in the 2017 Young University Rankings, which use the same 13 rigorous and demanding performance indicators as the overall World University Rankings. Institutions must demonstrate high standards of performance across teaching, research, international outlook and knowledge transfer,” said Phil Baty, editor of the Times Higher Education rankings, via a press release.

The ranking, published for the sixth year, includes 200 institutions for the first time, expanded from 150 (formally known as Times higher Education 150 Under 50).

A total of 48 countries are represented on the list.

Johansen said that although it is an extremely long process for a university to build up a world-class reputation, the progress made by AAU on the list was evidence that the university was doing things in the right way.

“A wise man once said that if you want to make your city famous, you should build a university and then wait 200 years. It takes an extremely long time to build up prestigious reputations. When you consider that Denmark’s oldest university was founded in 1479, I think the progress we have made in just 43 years is quite excellent,” he said.

Universities under 50 years old are exciting, dynamic institutions, often located outside the traditional strongholds of the US and UK, according to Times Higher Education.

Germany has 11 institutions in the ranking including five in the top 30, and Asia also performs well with institutions from Hong Kong, Singapore and South Korea taking five places in the top ten.

In addition to Aalborg, Roskilde University also made it on to the list, ranked in the 101-150 section.

The full THE Young University Ranking list can be found here.