Economy News in English
Latest economy headlines from Dutch news, translated into English.
Paternotte on poverty due to coalition plans: We don't want that
D66 leader Jan Paternotte has urged the Dutch cabinet to take action to reduce poverty following reports that the new coalition's plans could increase poverty rates. Projections show the poverty level...
Help for seniors with moving
The City of Haarlem has reintroduced a moving expense allowance of €1,250 for seniors aged 65 and older who transition from multi-story rental homes to more accessible housing. This initiative, part...
Klaver will not negotiate on accelerating retirement age
Jesse Klaver, leader of the GroenLinks-PvdA opposition, announced that his party will not negotiate on the minority cabinet's proposal to accelerate the increase of the retirement age. During a debate...
Heinen back to drawing board for Box 3 tax changes after heavy criticism
Dutch Finance Minister Eelco Heinen has announced revisions to the proposed box 3 tax legislation for capital gains. The decision follows significant criticism of the new system from both investors an...
Will Odido pay hackers not to share data? 'You can't do it right'
Telecom provider Odido has until Thursday to pay a ransom to the hacker group Shinyhunters to prevent the daily release of one million customer records. The company faces a difficult decision with no ...
Sports car maker Aston Martin cuts 20 percent of workforce
British sports car manufacturer Aston Martin has announced plans to reduce its workforce by 20 percent as part of a restructuring effort. The company aims to save approximately 40 million pounds annua...
Cabinet scraps box 3 law after a week and a half
The Jetten cabinet has decided to scrap the recently approved wealth tax (Box 3) legislation just one and a half weeks after its passage. The decision follows widespread criticism of the proposed tax ...
Klaver lashes out at Heinen for wanting to change new Box 3 system again
GroenLinks-PvdA leader Jesse Klaver criticized Finance Minister Eelco Heinen during a government policy debate regarding the proposed new box 3 wealth tax system. Heinen announced plans to urgently am...
PM Jetten kicks off two-day debate: how will he lay the foundation for this minority cabinet?
Prime Minister Rob Jetten has launched a two-day parliamentary debate to outline his minority cabinet's plans for the next four years. Following the cabinet's swearing-in, Jetten faces the House to es...
Henri Bontenbal (CDA) defends ‘freedom contribution’: ‘I’m not proud it was in my program either’
Premier Rob Jetten faced significant criticism during the first parliamentary debate on his new minority government's policy statement, specifically regarding the proposed increase of the retirement a...
Brekelmans (VVD) under fire over tax hike for ‘hard-working Dutch’
New Prime Minister Rob Jetten faced significant criticism during his first parliamentary debate regarding the government's policy statement and proposed increases to the retirement age. The two-day de...
House majority wants to soften state pension plans, opposition takes the floor
The Dutch governing parties D66, VVD, and CDA have agreed to soften planned increases to the state pension age by supporting an opposition motion. This decision aims to provide Prime Minister Jetten w...
Almost half of workers think AI will take over their jobs
Nearly half of workers believe that artificial intelligence could partially replace their current job responsibilities. Additionally, approximately 4 percent of the workforce expects that AI will even...
Households increasingly using air conditioning to heat their homes
An increasing number of households, particularly those with owner-occupied homes, are utilizing air conditioning units to heat their dwellings. This shift highlights a growing trend in alternative dom...
WOZ value of homes rises by more than 10 percent this year
The average WOZ value of residential properties in the Netherlands has increased by 10.6 percent this year compared to the previous period. This significant rise was reported by the Waarderingskamer, ...
Dozens of homes in Hyde Park still empty months after completion: 'Lower the rent and make it for regular students'
Housing corporation Duwo has decided to open up vacant apartments in Hoofddorp's Hyde Park district to regular students after only 26 of 116 units intended for PhD researchers were rented. The move ai...
Chinese and German premiers seek more economic cooperation
Chinese Premier Li Qiang and German Chancellor Friedrich Merz have expressed their commitment to expanding economic cooperation between their two nations. During his visit to China, Merz highlighted t...
Democrats emphasize purchasing power in response to State of the Union
Democratic Representative Abigail Spanberger criticized President Donald Trump's State of the Union address, calling it full of lies. Speaking on behalf of her party, she argued that the president's p...
Trump praises economy during State of the Union despite discontent
During his State of the Union address, U.S. President Donald Trump praised his economic policies as a major success and stated that the national economy is doing well. His remarks come despite ongoing...
Man ordered to pay 302,000 euros for fraud during corona crisis
A 61-year-old man from Hillegom has been ordered to pay 302,000 euros to the Dutch state for fraud committed during the COVID-19 pandemic. He solicited donations for websites critical of government po...
Slovakia: Oil via Druzhba pipeline to resume Thursday
Slovakia expects to resume receiving Russian oil via the Druzhba pipeline this Thursday following repairs to the infrastructure. The supply line, which also serves Hungary and the Czech Republic, was ...
How the ‘Taylor Swift of tech’ built the world's largest public company with his AI chips
Nvidia has become the world's largest listed company due to its dominant role in producing chips essential for AI technologies like ChatGPT. Although it remains relatively unknown in the Netherlands, ...
Cabinet plan to extend working life under fire from unions and opposition
The new Dutch cabinet's plan to raise the retirement age more quickly is facing strong opposition from labor unions and political parties. Unions have threatened protests if the proposal is not withdr...
Paramount makes new takeover bid for Warner Bros. but Netflix is preferred
Warner Bros. Discovery has received a new acquisition proposal from Paramount Skydance. Despite this offer, the company reportedly intends to prioritize its existing partnership with Netflix.
Von der Leyen: there are other options for Ukraine loan
European Commission President Ursula von der Leyen confirmed that Ukraine will receive a 90 billion euro loan from the European Union as promised by all 27 member states. During a press conference in ...
Jamin warns of hard plastic particles in ‘Dubai Milk’ Easter eggs
Candy store chain Jamin has recalled its 'Dubai Milk' chocolate Easter eggs after discovering they may contain fragments of hard plastic. The product has been removed from stores, and customers are ur...
Secretly removed: gaming giant Razer intervenes after outcry over popular headset
American gaming manufacturer Razer has suspended sales of its Kraken V3 headset due to reports of high concentrations of potentially harmful substances. The product page has been removed from the comp...
VNO-NCW and MKB-Nederland: Debts written off too often
Dutch business organizations VNO-NCW and MKB-Nederland have warned the House of Representatives that debt is being forgiven too frequently, claiming this trend negatively impacts entrepreneurs. The de...
Fruit and vegetable prices under pressure due to extreme rainfall in Spain
Extreme rainfall and storms in Spain have destroyed a significant portion of the harvest, leading to a shortage of produce such as zucchinis, avocados, and strawberries. This supply disruption is expe...
European Parliament calls for more EU sanctions against Russia
The European Parliament has voted to call for increased EU sanctions against Russia, including a phase-out of imports such as oil, petroleum products, and nuclear fuel. Supported by 437 MEPs, the reso...