KLM and Schiphol have finalized a deal worth nearly 1 billion euros for the airline's real estate, including the demolition of an old cargo building. This agreement clears the way for the construction of a new terminal at the airport.
Based on reporting by haarlemsdagblad. Translated and condensed by LocalHeadlines.
Heineken has been ordered by an Amsterdam court to pay 111.2 million euros in damages to Greek competitor MTB. The ruling stems from the abuse of a dominant market position by Heineken's Greek subsidiary, which hindered competition through exclusive retail deals for nearly two decades.
AkzoNobel reported steady quarterly revenue of 2.5 billion euros and profit of 388 million euros, helped by price hikes and currency effects. The company is proceeding with its merger with American firm Axalta, which will result in a new entity named Axanzo and a move to the New York Stock Exchange.
Regional transport workers in the Netherlands are set to hold another strike this Thursday, leading to reduced bus and train services. This action is part of an ongoing dispute over a new collective labor agreement, with unions planning weekly walkouts until Christmas if negotiations remain unresolved.
Amsterdam's cultural sector, including major events like IDFA, ADE, and the Holland Festival, is struggling due to rising tourist taxes and hotel VAT. These increased costs are forcing organizers to raise ticket prices and reduce programming, threatening the accessibility and quality of the city's cultural offerings.
Private rental properties in Amsterdam have decreased by 18 percent in three years as landlords sell their units due to new rent control laws and increased taxation. While this shift favors buyers, it creates a significant housing crisis for students and individuals who cannot afford to purchase property in the city.
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