Economy News in English
Latest economy headlines from Dutch news, translated into English.
6.4 million for facility upgrades in Wijk aan Zee; uncertainty for sports clubs remains
Wijk aan Zee will receive 6.4 million euros from area investments to renovate community facilities including the local primary school, library, and sports hall. Despite the funding, several sports clu...
High fuel prices due to Middle East war hit fairground operators, but visitors barely notice
Fairground operators in Haarlem and IJmuiden are facing higher operational costs as diesel prices rise due to the conflict in the Middle East. Despite these increased expenses for running attractions,...
Bitcoin hits highest level in months after hopeful news on Middle East war
Bitcoin's value has reached its highest point in nearly three months, driven by optimism regarding the conflict in the Middle East. The surge follows reports suggesting that peace negotiations between...
Iranian students falling through the cracks due to Middle East war: "It's about survival"
Iranian international students in the Netherlands are facing severe financial distress and mental health challenges as the Middle East conflict disrupts money transfers from their home country. While ...
'Ultrafast fashion' peaks on King's Day: 'This is how we sustain overconsumption'
Clothing retailers are releasing extensive fashion collections for King's Day, contributing to the rise of 'ultrafast fashion' in the industry. Experts warn that this trend encourages overconsumption ...
Away from Trump and Big Tech: Dutch data to end up with Lidl's parent company
Dutch data will increasingly be stored by the Schwarz Group, the parent company of Lidl, as an alternative to US tech giants like Google and Microsoft. This shift is seen by experts as a way for Europ...
Transport entrepreneur Henk van der Valk is always on the move: ‘We are building a new, larger tender boat’
Transport entrepreneur Henk van der Valk is expanding his company, North Sea Tenders, by commissioning the construction of a new, larger tender boat. The project, currently underway at 1e Industriedwa...
Growth in defense spending slowed by loss of US aid to Ukraine
Global defense spending growth has begun to level off after reaching its highest point in decades. This deceleration is primarily attributed to the United States halting its financial support for Ukra...
Transavia cancels flights in May and June due to kerosene prices
Transavia is cancelling a portion of its flights scheduled for May and June due to rising aviation fuel prices. The airline attributed the cost increase to the ongoing conflict in the Middle East.
Transavia cancels flights in May and June due to high fuel prices
Transavia will cancel a portion of its flights in May and June due to the sharply rising cost of aviation fuel. The airline attributed the price increase to the ongoing conflict in the Middle East.
New tenants' chair Ans (69) slams 'unjustifiable' rent hike for 'old junk' at Woningbedrijf Velsen: 'How are we paying €887 a month for porch lights?'
Ans van der Velde, the new chair of the Tenant Council for Woningbedrijf Velsen, is strongly opposing rent increases while many social housing units suffer from maintenance issues like mold and leaks....
Despite 500 million kg potato surplus, fries remain expensive: ‘Snack bars had already purchased’
Dutch potato growers are facing a surplus of 500 million kilograms of unsold potatoes, yet the price of fries in snack bars remains high at nearly 5 euros. This price stability is due to snack bars ha...
'Dutch people don't want to downsize, but they must.' Aging far from the only pain point in the housing market, according to economist
Economist Joep Steegmans of Leiden University warns that home ownership is increasingly becoming a privilege for the wealthy due to demographic trends and a persistent housing shortage. He notes that ...
Magyar to Brussels for talks on frozen EU funds
Hungarian politician Péter Magyar is scheduled to meet with European Commission President Ursula von der Leyen in Brussels to discuss the release of frozen EU subsidies. While Magyar seeks the funds ...
Havo students fail final exams most often: 'Diluted VWO program'
A data analysis by NU.nl reveals that Havo students in the Netherlands have the lowest final exam pass rates compared to other educational levels. While 97.5% of VMBO-basis students pass their exams, ...
Massive bridge deck to sail through the city to Zuidas in the coming days
A massive 21-by-26-meter bridge deck for the Schinkelbrug is being transported by boat through Amsterdam's waterways to the Zuidas. The final leg of the journey will take place on Tuesday evening to a...
Tax filing often a costly missed opportunity due to common mistakes: ‘People sometimes leave thousands of euros on the table’
Over nine million people in the Netherlands have already filed their tax returns, with one million more expected to do so in the final week. Experts highlight that many taxpayers miss out on potential...
The Greenhouse | Facts once again seem to matter little in the climate debate
Climate reporter Jeroen Kraan discusses how factual education about climate change fails to significantly shift public opinion. He highlights that even a crash course on the subject does not alter per...
Power grid full because geese took priority
The Dutch government's underestimation of power grid congestion has stalled new housing projects and forced the use of diesel generators in cities like Delft. This situation highlights conflicting pol...
Entrepreneurs from Southeast chosen by rapper Cho run pop-up shop
Rapper Cho has selected a group of aspiring entrepreneurs from Amsterdam-Zuidoost to run a pop-up store in the Amsterdamse Poort. The initiative, supported by MBO College Zuidoost, allows participants...
After 11 viewings, 9 bids and 8 rejections, Daan (28) lands his dream home in Haarlem: 'Below asking price'
Daan Geuke, a 28-year-old first-time buyer, successfully purchased a home on Houtplein in Haarlem after participating in eleven viewings and making nine bids. Despite a challenging housing market, he ...
Who will benefit most from cheaper public transport this summer?
The Dutch government plans to introduce a 49-euro monthly public transport pass this summer as part of a relief package for high energy costs. While specific details of the 'Netherlands ticket' are st...
Closer cooperation between IJmuiden and Beverwijk port services
The municipality of Beverwijk and Zeehaven IJmuiden have reached an agreement for closer cooperation in port services. Under this temporary arrangement, the IJmuiden port service will manage the De Pi...
Now 'an inhuman place', soon a vibrant transport hub for Haarlem and the region
The city of Haarlem is constructing a new public transport hub, Haarlem Spaarnepoort, to improve regional connectivity for the southern Schalkwijk district. In addition to the transport hub, the proje...
Over 10,000 Velsen tenants to pay tens of euros more per month from July 1; 'Incomprehensible', says Tenants' Council chair
Starting July 1, more than 10,000 tenants in Velsen will face monthly rent increases of tens of euros. The Woningbedrijf Velsen Tenants' Council strongly opposes the hike, citing significant overdue m...
OpenAI CEO apologizes for not tipping off police about shooting suspect
OpenAI CEO Sam Altman apologized for the company's failure to notify police about a blocked account linked to a suspect who killed eight people at a Canadian school in February. The suspect committed ...
Baby boomers leave behind massive €1 trillion inheritance, but far from everyone will get a share
A significant wealth transfer is expected in the Netherlands as baby boomers are projected to leave behind approximately 1,000 billion euros in inheritances over the coming years. While this massive i...
UN rapporteur: Countries must accelerate phase-out of oil and gas now
UN rapporteur Elisa Morgera states that global tensions are complicating climate policy while highlighting the risks and high costs of fossil fuel dependency. She urges nations to accelerate their tra...
Sharp rise in sick leave due to mental health issues costs billions: 'Nowhere else in the world does the employer pay two years of salary'
The Netherlands is experiencing a significant rise in employees unable to work due to mental health issues, with nearly 900,000 people currently classified as disabled. This trend results in billions ...
With Aloha and Timboektoe on the Velsen-Noord beach, Pim (30) sets the course for his island state: 'We’re going to build something cool on the North Pier'
Pim Lammertse, the owner of beach club Aloha in Velsen-Noord, is expanding his business by acquiring the neighboring pavilion Timboektoe on May 1st. He aims to transform the Noordpier area into a prem...