This is the 600th most frequent Danish word.
daværende
"At that time" or "then-current."
In this sentence, 'daværende' is used as an adjective to describe the president holding office at a specific past time.
Daværende præsident annoncerede nye reformer.
The then-president announced new reforms.
Here, 'daværende' refers to the colleague that was part of the context during the specific past period.
Hun arbejdede sammen med sin daværende kollega på projektet.
She worked together with her then-colleague on the project.
In this case, 'daværende' modifies 'cultural importance' to indicate its relevance at the particular past time in question.