Hive.Here is the 27 May article in Sermitsiaq you may have been...

Hive.

Here is the 27 May article in Sermitsiaq you may have been referencing, for those who had difficulty accessing it.
It was written by Julia Aka Wille.

Investment is falling:
Fewer jobs and lower earnings. This is an assessment from the Greenland Chamber of Commerce in light of declining investments in Greenland. We must remember what finances the welfare society. The block grant is only a part of our economy. Not all of it, and the business community is important, says GE's CEO, Christian Keldsen.

There is currently a fear to invest in Greenland:
This is what the director of The Greenland Chamber of Commerce (GE), Christian Keldsen, in the light of a new Fisheries Act, a upcoming tourism law, the Kuannersuit case, the small-scale law and a new mining law. They contains all components that would objectively limit the possibilities and the desire for investments, Christian Keldsen assesses.There is therefore a challenge in Greenland, which will not only affect the fisheries, which are our undisputed largest profession.- It will be an economic problem for Greenland, and there is now also limitations in other industries. So in just a few years you have actually most pillars of our economy. It is probably only the block grant that we have not yet limited, if you count it as a pillar, says Christian Keldsen. According to the CEO, the investment shortage may be that development comes to a halt, because there is no investment or money available for relevant projects such as store expansions, hotels and new buildings.

Limited growth:
In this newspaper Sermitsiaq writes about several companies in Aasiaat that have put their projects on hold due to the uncertainties that the Tourism Act and The Fisheries Act has brought with it. At GE, they also see the consequences, especially for the Greenlandic companies, where several approved projects are stopped.- Unfortunately, I also have to say that it seems to be on the across industries, so that more people are affected. The consequence may be less activity, and thus fewer jobs and certainly less earnings. In the pension fund SISA's annual report from 2023, published in April 2024, assesses the financial markets Greenland as unstable. That assessment has not diminished the Fisheries Act and the Tourism Act, as well as last year's Mineral Resources Act and the ongoing Kuannersuit trial, Christian Keldsen explains.-How Will this be an economic problem for Greenland?- It will come possibly reminiscent of the late 1980s, and we may be financially squeezed, because we limit business and capital. In other words, we can't seriously make money. With no money, no growth, jobs and, in the long term, the risk of Welfare.- We will remember what finances the welfare society. The block grant is only a share of our economy. Not all of it, and the business community is important, says GE's director.

Unstable investment environment:
But How to deal with the challenges created by the investment shortage? One must simply get by with what you have, says Christian Keldsen.- We must set the level of ambition lower. Consequence is in any case that the cake is unlikely to get bigger, because growth presupposes investments, Greenlandic and foreign. But Greenland is not completely emptied of money, and there will still be some who presumably want to invest, Christian Keldsen urges calm.-But The level is getting smaller. And if the status quo is good enough, then it will work, but Greenland wants growth and more autonomy, and that is unlikely to happen when we create instability around the investment environment. Overall, the investments in Greenland have not resulted in a satisfactory result in 2023, SISA describes in its latest annual report. Some investments have resulted in large losses, while there are large gains on others.- We must also note that there is a political uncertainty associated with investments in Greenland. As a long-term investor, SISA needs that, from political side, long-term plans are made based on broad agreements that do not changes when government power changes, it says in the annual report.

Be careful with conclusions:
Concerns among investors and companies are real and justified, says Christian Keldsen. There is a difference between owning a monopoly that only acts on the domestic market, and to create a regulatory framework that will work in relation to the World.- We can not write us into a parallel reality. We act internationally when we tourism, raw materials and financial markets, and here we have to deal with their dynamics. But you must be careful not to conclude too much about the Tourism Act yet, says Christian Keldsen.- It is correct that the current draft is almost a showstopper, but the law must first will be processed in the autumn, and it is my clear expectation that The Government of Greenland presents an adapted proposal, in which it has listened to some of the GE and partly the many players who unanimously point out challenges.