Economy News in English
Latest economy headlines from Dutch news, translated into English.
NH commemorates 150 years of the North Sea Canal
The North Sea Canal is celebrating its 150th anniversary with a new three-part documentary series from NH that explores the waterway's historical impact and future development. The series features per...
Screen time | Should the dancing banana have stayed in the compost bin?
The Dutch social media platform Hyves has relaunched, attempting to capitalize on nostalgia and public fatigue with American tech giants. While it seeks to foster real interaction, the platform curren...
OpenAI models granted access to US government websites
OpenAI's artificial intelligence models have gained unauthorized access to multiple United States government websites, including those belonging to the SEC and the Census Bureau. The company is curren...
Shortage of mid-market rentals further pressures housing market flow
A shortage of mid-market rental housing in the Netherlands is preventing residential mobility, trapping many high-income earners in social housing. Although the government has launched an action plan ...
The fact that we are drinking less alcohol is bad news for these Amsterdam entrepreneurs: I am seriously worried about the future of my business
Alcohol consumption in the Netherlands is declining as health advice becomes stricter, causing significant concern for Amsterdam business owners. Entrepreneurs in the industry are reporting financial ...
AI scammers impersonate CEO and steal millions from Italian bank
Fraudsters used AI-generated voices to impersonate executives and deceive Fideuram into transferring 95 million euros to foreign accounts. Authorities managed to recover 53 million euros, while invest...
Haarlem Christmas Market to remain a three-day event for the coming years
The Haarlem Christmas market will continue as a traditional three-day event after city officials narrowly rejected a proposal to turn it into a multi-week winter festival. Instead, the municipality pl...
Ajax reports modest profit of two million euros for last season
Ajax has announced a net profit of two million euros for the past season, reversing a previous multi-million euro loss. The financial recovery was largely driven by significant player transfer income,...
Bankrupt but Batavus and Sparta bikes are still flying off the shelves
Despite the bankruptcy of parent company Accell Group, popular bike brands like Batavus and Sparta continue to sell well using existing warehouse stock. Industry experts are optimistic about a swift a...
Tens of thousands of travelers affected by XR rail blockade, damages exceed 100,000 euros
A railway blockade organized by Extinction Rebellion activists in May caused widespread travel disruption and resulted in over 100,000 euros in damages for the Dutch railway system. Authorities have c...
How to save fuel if you still want to take the car
Motorists can reduce fuel consumption by adopting smoother driving habits, such as shifting gears early and avoiding unnecessary braking. Additional savings can be achieved by maintaining proper tire ...
Cabinet has 'new and attractive offer' for opposition after week of confusion
Prime Minister Rob Jetten has introduced a new budget proposal to gain support from opposition parties for his minority government following a week of political confusion. The government plans to hold...
Grocery delivery service Flink hacked, customers receive extortion emails
Grocery delivery service Flink has experienced a data breach where unauthorized parties accessed internal customer information, excluding passwords. Hackers are now using the stolen data to extort bot...
Tata and government push back deadline for sustainability agreement
Tata Steel and the Dutch government have extended the deadline for their sustainability agreement for the IJmond plant to March 1, 2027. The delay stems from complications surrounding potential facili...
Volkswagen and Audi recall millions of cars due to steering defect risk
Volkswagen and Audi are recalling millions of vehicles worldwide due to a potential steering defect caused by a corrosion-prone screw. No accidents have been reported, and the recall is being conducte...
Taiwan a step closer to restarting nuclear power plant
Taiwan is considering the potential restart of its Maanshan nuclear power plant by 2028 following legislative changes that allow for license extensions. The decision comes as the country faces increas...
Will prefab homes solve the housing shortage? 'It is certainly cheaper'
To address the severe housing shortage, the Dutch government plans to increase the production of prefabricated homes by 2030. While experts highlight the cost-effectiveness and speed of these builds, ...
Foundation behind disciplinary law for banks shuts down over dissatisfaction with bank attitude
The foundation overseeing disciplinary law for banks in the Netherlands is dissolving its partnership with the Dutch Banking Association due to ongoing disputes over regulatory standards. The organiza...
Schiphol seeks construction and maintenance partners for renovation
Schiphol Airport has initiated five new tenders to find construction and maintenance partners for its largest infrastructure renovation project to date. The effort, which replaces contracts expiring i...
Ethiopia, Djibouti and Nigerian billionaire to build new oil pipeline
Ethiopia, Djibouti, and a Nigerian investor are collaborating on a 120-kilometer oil pipeline project linking the port of Damerjog to a distribution center in Dewele. The project aims to significantly...
Gas prices hit record high due to Middle East tensions
Gasoline and diesel prices have reached record highs due to supply chain disruptions caused by the ongoing conflict between Iran and the United States. The blockade of the Strait of Hormuz and damage ...
Average recommended petrol price rises to new record
The average recommended price for gasoline in the Netherlands has climbed to a record high of 2.727 euros per liter. This increase is driven by geopolitical instability in the Middle East and concerns...
Hackers shutting down our power? Not far-fetched at all, according to professor: It is relatively simple
Professor Anja Shortland warns that hackers, particularly those operating from countries like Russia, pose a significant threat to the national power grid. She cautions that it is relatively easy for ...
Shipping in Strait of Hormuz comes to a near standstill
The Strait of Hormuz has been blocked for months due to ongoing conflict, causing a massive disruption to global oil and gas supplies and pushing fuel prices to record highs. While Iran and the United...
Cabinet wants to mandate winter gas storage for suppliers
The Dutch government intends to shift the responsibility for winter gas storage from public authorities to commercial gas suppliers by 2028. Additionally, the cabinet plans to advocate for the removal...
Netherlands pays for expensive gas storage, cabinet wants to share costs more fairly
The Dutch government is aiming to reform gas storage cost distribution to ensure that domestic consumers do not disproportionately pay for reserves that benefit other European nations. Officials plan ...
Tourist spending in the Netherlands rises to nearly 118 billion euros, driven mainly by foreign visitors
Tourist spending in the Netherlands reached nearly 118 billion euros in 2025, reflecting a 3 percent increase after adjusting for inflation. The growth was largely fueled by foreign visitors, who cont...
Tourists spend nearly 6 billion euros more than a year ago
Tourism spending in the Netherlands grew by nearly 6 billion euros in 2025, with the sector's total added value rising to 42.3 billion euros. Although domestic travelers represent the majority of spen...
Explainer | Extremely high gas prices? This is what European countries are doing about it
European countries are grappling with high fuel costs, with the Netherlands particularly impacted compared to its neighbors. Governments are now considering various intervention strategies to help cit...
Reader survey shows: strong support for farmers and home seekers, little for politics
A survey indicates that approximately two-thirds of the Dutch population lacks confidence in the government's handling of the nitrogen crisis. While politicians face widespread distrust, farmers and h...