Economy News in English
Latest economy headlines from Dutch news, translated into English.
Europe takes Trumpian measures to support steel industry
The European Commission is implementing quotas, import tariffs, and state aid to support the European steel industry. These protectionist measures mirror strategies previously used by the United State...
Parking no longer free in Gein: "I'll have to pay, because I don't want that fine"
The neighborhood of Gein has become the final area in Amsterdam-Zuidoost to transition from free to paid parking this week. While some residents are unhappy with the new permit costs for multiple vehi...
Nieuw-West replaces old hotel with housing and new luxury hotel at Osdorpplein
Food safety not up to standard at over two-thirds of fish shops
A recent inspection by the Netherlands Food and Consumer Product Safety Authority (NVWA) found that more than two-thirds of fish shops failed to comply with food safety regulations. The most frequent ...
Fossil fuel phase-out summit approaches, expectations diverge
The Netherlands and Colombia are co-hosting the first international conference on phasing out fossil fuels at the end of this month in Santa Marta, Colombia. Ministers from approximately fifty countri...
Tata and works council reach agreement on innovation department, legal action avoided
Tata Steel Nederland's management and the Central Works Council reached an agreement on Tuesday regarding budget cuts for the PQI innovation department. As a result of this settlement, the planned leg...
Police release images of man posing as bank employee who withdrew thousands in IJmuiden and Amsterdam
Police have released surveillance footage of a suspect who allegedly posed as a bank employee to defraud victims of thousands of euros. The man was recorded using stolen bank details to withdraw cash ...
IMF warns of global recession if Middle East war escalates
The International Monetary Fund (IMF) warns that a global recession is highly likely if the conflict in the Middle East escalates and keeps oil prices above $100 per barrel through 2027. This economic...
IMF fears worst year for global economy since start of pandemic due to Middle East war
The IMF warns that the global economy may face its worst performance since the start of the COVID-19 pandemic due to the ongoing conflict in the Middle East. Citing high uncertainty regarding the dura...
Haarlem almost got the trolleybus: costs too high and Heemstede fiercely opposed
In 1945, a proposal was made to replace Haarlem's tram system with electric trolleybuses, which would have provided quiet and clean public transport decades ago. However, the plan was ultimately rejec...
Petrol prices rise further in Belgium, but filling up remains cheaper than in the Netherlands
Gasoline prices are continuing to rise in both Belgium and the Netherlands. Despite the increase, refueling remains more affordable in Belgium according to data from the Belgian Federal Public Service...
Iraq has agreements with US and Iran on Hormuz blockade
Iraq's Ministry of Oil has reached agreements with both Iran and the United States to ensure the continued transport of Iraqi oil through the Strait of Hormuz. Although specific details were not discl...
Council of State critical of Jetten cabinet's financial choices
The Dutch Council of State has criticized the financial policies of the Jetten cabinet, stating that current decisions are insufficient to address future economic challenges. Additionally, the advisor...
European aviation urges Brussels for emergency measures
European airlines have urged the European Union to implement emergency measures in response to the ongoing conflict in the Middle East. The industry is seeking intervention from Brussels to mitigate t...
Button shop celebrates 40 years; owner Thea (74) cannot find a successor
Thea de Boer’s specialized button shop on Amsterdam's Herengracht is celebrating its 40th anniversary while facing an uncertain future due to rising rents and a lack of successors. Despite the shop'...
Brussels approves Dutch state aid package to reduce cow numbers
The European Commission has approved a state aid package of over 600 million euros for the Netherlands to support dairy farmers who voluntarily reduce their livestock. The funding will be distributed ...
Lufthansa staff strike again, many delays and cancellations expected
Lufthansa cabin crew members are scheduled to strike this Wednesday and Thursday to demand improved working conditions. The industrial action is expected to lead to significant flight delays and cance...
Significant drop in oil demand expected, more risks for Dutch economy
The International Energy Agency expects oil demand to experience its largest decline since the pandemic. Meanwhile, Dutch regulators are warning that these global trends pose increased risks to inflat...
Hormuz coalition leaders to discuss reopening strait Friday
Leaders of the 'Hormuz coalition' are set to meet this Friday to discuss reopening the Strait of Hormuz following an Iranian blockade. Dutch Prime Minister Rob Jetten is expected to participate in the...
Environmental group wants to stop climate project: does carbon storage delay the green transition?
The environmental organization MOB has challenged a carbon capture and storage project at the Dutch Council of State, arguing it may prolong dependence on fossil fuels. The group claims that storing i...
Record passenger numbers at Eindhoven Airport as revenue increases
Eindhoven Airport saw a record-breaking nearly seven million passengers travel through its gates last year. This increase in passenger volume resulted in higher turnover and profit for the airport.
May holiday turned out to cost 5,800 euros: ‘we did it because everyone else does’
A Dutch couple, Marjolein and Remco, consulted a budget coach after spending 5,800 euros on a one-week flight vacation during the May school holidays. They admitted they booked the expensive trip due ...
Same Ziggo network, different label: hollandsnieuwe enters fixed internet and TV
Dutch provider hollandsnieuwe has expanded its services to include fixed internet and television via the Ziggo cable network. This move introduces a second brand to the cable infrastructure, utilizing...
Founder of Chinese real estate giant pleads guilty to fraud and bribery
The founder of the Chinese real estate giant Evergrande has pleaded guilty to charges of fraud and bribery. He is accused of fabricating billions in revenue prior to the company's 2021 collapse, an ev...
Oil price does not yet reflect severity of crisis, says energy agency chief
The Director of the International Energy Agency (IEA) has warned that current oil prices do not yet reflect the full severity of the global energy crisis. He expects this situation to change soon and ...
This company hired nearly a hundred female technicians in a short time: ‘It was quite simple’
Technical service provider Hoppenbrouwers has successfully recruited nearly 100 female technicians, addressing the significant gender gap and labor shortages in the Dutch technical sector. While women...
More late payers identified, but assistance often fails to get off the ground
Health insurers and utility companies are increasingly reporting residents with late payments to Dutch municipalities to trigger early intervention. However, many local governments are struggling to k...
Security at De Pijp seaport delayed, Beverwijk seeks cooperation with IJmuiden
Security upgrades for the De Pijp seaport in Beverwijk are facing delays according to a municipal progress report. Due to the upcoming retirement of the current harbor master, the municipality is also...
EU imposes higher import tariffs on steel from outside the union
The European Union has agreed to implement higher import duties and lower quotas on steel imported from outside the bloc. These measures, finalized by the European Parliament and Council, are designed...
Pressure mounts due to Germany, but additional excise duty cut seems far off
The Dutch government is currently resisting calls from gas station owners to lower fuel excise duties, despite recent tax cuts in neighboring Germany. While political pressure is mounting, the cabinet...