Economy News in English
Latest economy headlines from Dutch news, translated into English.
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...
Home batteries appeal to solar panel owners. Strong interest in Energiek Velsen meetings
As feed-in compensation for solar power is set to diminish next year, interest in home battery storage has surged among residents in Velsen. Information sessions organized by the local group Energiek ...
Iran warns of energy crisis escalation due to US blockade
The Iranian Ministry of Defense warned that the global energy crisis could escalate due to the U.S. blockade of seas surrounding Iran. A spokesperson stated that President Donald Trump's actions are f...
What does the speed camera marathon actually achieve? And four other questions
Police across Europe are conducting a week-long speed enforcement operation, deploying approximately 15,000 officers to identify and fine speeding drivers. While the initiative aims to improve road sa...
Hengelo company and German defense giant to build missiles together
German technology group Rheinmetall and the Hengelo-based company Destinus have partnered to establish a joint venture for the large-scale production of modern missiles. The weapons will be manufactur...
Hollywood stars oppose Warner Bros. takeover in letter
Over a thousand members of the American film and television industry, including several Hollywood stars, have signed a letter opposing the takeover of Warner Bros. Discovery by Paramount Skydance. The...
Magyar reaches out to Ukraine and Europe
Following his election victory, Hungarian Prime Minister-elect Péter Magyar announced that his government will no longer block EU financial aid to Ukraine. However, Magyar clarified that Hungary cann...
French cement company found guilty of financing terrorism in Syria
The French cement company Lafarge has been found guilty of financing terrorist organizations, including ISIS, by paying 5.6 million euros during the Syrian civil war. This landmark ruling represents t...
Booking.com hackers did not steal payment details and addresses
A data breach at Booking.com compromised customer contact information, email addresses, and certain booking details, though financial and payment data remained secure. A company spokesperson confirmed...
Less than half of the Dutch have an emergency kit at home
Currently, only 44 percent of Dutch households have an emergency kit at home. Justice and Security Minister David van Weel emphasized that more work is needed to improve preparedness among the populat...
US warns ships of imminent blockade
The United States military has issued a warning to seafarers regarding an upcoming maritime blockade in the Gulf of Oman and the Arabian Sea. Starting at 16:00 Dutch time, the blockade will apply to s...
Cabinet considers lower road tax due to fuel prices
The Dutch cabinet is considering a temporary reduction in road tax to help motorists cope with high fuel prices during the current energy crisis. This proposal is one of several measures being discuss...
Cheers! This is how much a beer costs in Amsterdam on King's Day
On April 27th, Amsterdam expects between 700,000 and 900,000 visitors for King's Day celebrations. The article provides guidance on where attendees can find and purchase beer during the city's festivi...
European Commission to unveil package to tackle high energy prices next Wednesday
European Commission President Ursula von der Leyen announced that a package of measures to address high energy prices will be presented next Wednesday. The proposal follows consultations with all Euro...
Homeowners face €6 billion shortfall for foundation repairs, watchdog sees growing problem
The Dutch Authority for the Financial Markets (AFM) warns that nearly 500,000 homes in the Netherlands are at high risk of foundation issues, with 220,000 requiring immediate repair. Homeowners face a...
Incapacitated workers sometimes wait over a year for UWV assessment
Waiting times for disability assessments by the Dutch employee insurance agency (UWV) have increased, with delays exceeding one year in some regions. A spokesperson for the agency confirmed that the c...
AFM urges consumers to build financial buffers against geopolitical uncertainty
The Netherlands Authority for the Financial Markets (AFM) has advised consumers and financial sector companies to build financial buffers to protect against economic uncertainty and geopolitical tensi...
Foundation problems a major blow for homeowners
Electric trucks gain ground due to diesel crisis and environmental regulations
Although electric trucks currently represent only 1.5% of the total fleet in the Netherlands, their adoption is expected to increase rapidly due to record-high diesel prices and falling vehicle costs....
Fuel in Germany becomes temporarily cheaper due to government intervention
The German government has announced a temporary two-month reduction in taxes on diesel and gasoline to combat rising fuel prices. This intervention, announced on Monday, is designed to provide immedia...
Team leader and three colleagues exposed at wholesaler, containers of beer stolen
A team leader and three colleagues were caught smuggling large quantities of beer and soda from the Hanos catering wholesaler in Amsterdam. The employees allegedly loaded unordered containers onto tru...
Oil prices rise again after failed peace talks, Ireland cuts taxes
Oil prices rose above $100 per barrel on Monday following the failure of peace negotiations between the United States and Iran. In response to widespread protests regarding high energy costs, the Iris...
Basic-Fit hack: data of 200,000 Dutch customers leaked
Gym chain Basic-Fit has suffered a data breach affecting approximately 200,000 Dutch customers. Out of its 5.8 million European members, a total of one million records were compromised in the hack.
Paid parking in Amsterdam-Zuidoost expanded: fees start today in Gein
Paid parking has been introduced in Gein, the final neighborhood in Amsterdam-Zuidoost to transition from free parking. Motorists must now pay €1.72 per hour, except after 7:00 PM and on Sundays, as...
Dutch goods exports grow for nine consecutive months
Dutch exports grew for the ninth consecutive month in February, according to reports from Statistics Netherlands (CBS). This trend reflects a steady increase in the sale of Dutch-produced goods, such ...
Internet becoming more expensive as providers focus on higher speeds
KPN has removed its most affordable internet subscription for new customers while increasing the prices of its higher-speed plans. This move comes despite warnings from the Dutch regulator ACM regardi...
Booking.com hack: customer booking information accessed
Unauthorized third parties gained access to customer booking information at Booking.com, leading to a confirmed data breach. The company acknowledged the incident on Sunday evening after affected cust...
