Economy News in English
Latest economy headlines from Dutch news, translated into English.
Dutch emissions fall due to 'fuel tourism' and lower coal use
Greenhouse gas emissions in the Netherlands decreased by 5 percent in the first quarter of this year compared to the same period last year. The decline was primarily driven by energy companies reducin...
VVD youth propose bold plan: abolish state pension and overhaul mortgage interest deduction
The JOVD, the youth wing of the Dutch VVD party, has proposed a new political program that includes the gradual abolition of the state pension (AOW). The group also calls for ending the mortgage inter...
Tobacco industry dives into legal cannabis. What can we expect? ‘They will focus on health benefits’
The parent company of Marlboro has joined the Dutch legal cannabis experiment by purchasing a large greenhouse in Hellevoetsluis. Experts anticipate that the tobacco industry will utilize its lobbying...
Can Amsterdam improve with 2,500 fewer civil servants? PRO Amsterdam and D66 coalition defends agreement in council
Investors find student studios are a goldmine
Croatia once again has Europe's most expensive campsites: families pay an average of 78 euros per night
European camping prices have increased by nearly 25% over the last six years, with Croatia remaining the most expensive destination at an average of 78 euros per night for a family. While Slovakia exp...
Anxious savers miss out on billions: how to easily switch to a bank with much higher interest rates
Dutch savers are missing out on billions of euros in interest by keeping their money in large banks instead of switching to smaller institutions with significantly higher rates. Despite the potential ...
Apple's bold move forward with AI, but is it enough? ‘Still no AI model of its own’
Apple has introduced several new AI features for its operating system, including an updated Siri and improved photo searching, in an effort to compete in the artificial intelligence market. However, i...
Why consumers always foot the bill for supermarket price increases
Rising grocery prices in the Netherlands, driven by high energy costs and government levies, have prompted consumers to call for cabinet intervention. The situation has sparked a debate over whether s...
NASA announces astronauts for third moon mission
NASA has announced the four astronauts participating in the third mission of the Artemis program. This upcoming mission will involve orbiting Earth, making it less complex than the previous flight tha...
Bloemendaal may introduce a commuter tax following developments at Vogelenzang campsite
The municipality of Bloemendaal is investigating the potential introduction of a commuter tax after a proposal from the Zelfstandig Bloemendaal party received support. This initiative is partly motiva...
Judge overturns fines for tobacco manufacturer Philip Morris
The Trade and Industry Appeals Tribunal (CBb) has overturned fines totaling 160,000 euros imposed on tobacco manufacturer Philip Morris. The court ruled that the producer of Marlboro cigarettes did no...
Turkey launches plan to boost global energy from electricity
Turkey has launched a global plan at its climate summit to transition from fossil fuels to electricity. The summit's chairman aims to encourage more nations to commit to generating 35 percent of their...
From Benghazi to Amsterdam: Gaddafi’s stolen euros surface at Dutch Central Bank
Millions of euros stolen from the Libyan Central Bank during the era of dictator Muammar Gaddafi have appeared at De Nederlandsche Bank (DNB) in Amsterdam. These funds entered the European black marke...
Nintendo to release remake of The Legend of Zelda: Ocarina of Time this year
Nintendo is developing a remake of the classic game The Legend of Zelda: Ocarina of Time for the upcoming Nintendo Switch 2 console. Originally released for the Nintendo 64, the updated version is exp...
Apple at odds with EU over 'stricter legislation' for Siri AI
Apple has announced a delay in the release of its new Siri AI features in Europe, blaming the region's strict regulatory framework. The European Union has countered this claim, stating that the compan...
Sports car brand Spyker makes comeback years after bankruptcy
The bankrupt Dutch sports car manufacturer Spyker is making a comeback following an investment from Ukrainian entrepreneur Volodymyr Nosov. Nosov has acquired a significant stake in the brand, becomin...
First pile for 'De Strandwal' in Uitgeest drilled by Lynn van der Meij and Sem Aardenburg: 'Very impressive'
Lynn van der Meij and Sem Aardenburg, the youngest future residents of the 'De Strandwal' housing project in Uitgeest, participated in drilling the first pile for the development last week. The two yo...
500 Nijmegen residents also get free train travel for six months
Starting September 1st, 500 residents of Nijmegen will be eligible for six months of free train travel as part of a pilot program by the NS. The initiative is designed to combat mobility inequality an...
Groceries getting more expensive, cabinet promises to 'look into it'
The Dutch cabinet is reviewing whether citizens can still afford groceries following warnings from supermarkets about impending significant price increases. Finance Minister Eelco Heinen stated that t...
To keep the Earth habitable, we must work much less, says French star economist Piketty
French economist Thomas Piketty and his co-authors argue that global inequality and climate change can be resolved by 2100 through a significant overhaul of the world economy. Their proposed model sug...
Dutch lawsuit against Snapchat over addictive app design
The Stichting Onderzoek Marktinformatie (SOMI) has launched a collective lawsuit against Snapchat in the Netherlands. The foundation alleges that the platform utilizes an addictive design and unlawful...
‘No drastic cuts for Spaarne Werkt,’ say Haarlem politicians. ‘Better a financial than a social loss’
The Haarlem city council has expressed support for covering the financial deficits of the participation company Spaarne Werkt to avoid social losses. Council members emphasized that while financial ad...
Ajax loses appeal and must pay Peter Gerards millions for scouting Antony and Martinez
The Amsterdam Court of Appeal has ruled that Ajax must pay millions of euros to scouting bureau Gerards International Consultancy for its involvement in the transfers of Antony and Lisandro Martinez t...
Dutch people throwing away less food, but still about 25kg per year
Dutch households have significantly reduced food waste, throwing away an average of 25.5 kilograms of solid food per person last year. According to research from the Voedingscentrum, this marks a near...
Demand for AI hardware keeps Chinese exports going strong
Chinese exports experienced a significant increase in May, driven primarily by strong global demand for AI hardware such as chips and data center equipment. This growth occurred despite the ongoing co...
Interest rates are soaring, but not every saver benefits: how to make your money grow faster
The European Central Bank is expected to raise interest rates by 0.25 percentage points this Thursday to combat inflation. Financial experts suggest that while savers will benefit from this increase, ...
Higher airfares and holiday park prices drive up inflation: daily life more expensive
Inflation in the Netherlands rose to 3.5 percent in May compared to the previous year, according to Statistics Netherlands (CBS). The increase was primarily driven by the rising costs of airline ticke...
Relations between unions and employers deteriorate: 'Getting uglier with each other'
Labor relations between unions and employers are deteriorating as constructive consultations are increasingly replaced by conflicts over wages. In recent years, parties have clashed more frequently, m...
People with disabilities often hit twice by healthcare plans
New government plans in the Netherlands may lead to significantly higher healthcare costs for individuals with chronic illnesses or disabilities. Research by Nibud indicates that these additional expe...