Economy News in English
Latest economy headlines from Dutch news, translated into English.
Interest rates are soaring, but not every saver benefits: how to make your money grow faster
The European Central Bank is expected to raise interest rates by 0.25 percentage points this Thursday to combat inflation. Financial experts suggest that while savers will benefit from this increase, ...
Higher airfares and holiday park prices drive up inflation: daily life more expensive
Inflation in the Netherlands rose to 3.5 percent in May compared to the previous year, according to Statistics Netherlands (CBS). The increase was primarily driven by the rising costs of airline ticke...
Relations between unions and employers deteriorate: 'Getting uglier with each other'
Labor relations between unions and employers are deteriorating as constructive consultations are increasingly replaced by conflicts over wages. In recent years, parties have clashed more frequently, m...
People with disabilities often hit twice by healthcare plans
New government plans in the Netherlands may lead to significantly higher healthcare costs for individuals with chronic illnesses or disabilities. Research by Nibud indicates that these additional expe...
UWV warns job growth will temporarily stall if energy prices remain high
The Dutch employee insurance agency UWV warns that job growth in the Netherlands will temporarily stall if energy prices remain at high levels. The forecast predicts a decrease in the number of jobs a...
Bats hinder Heemskerk housing project: 9 fewer homes due to flight paths
A housing project near the station in Heemskerk has been scaled back to protect bat flight and foraging routes. The adjustment results in a net loss of nine planned homes from the original proposal.
Experts: Stop charging your electric car between 4 p.m. and 9 p.m.
A Dutch think tank advises electric vehicle owners to avoid charging their cars during the evening rush hour between 4:00 PM and 9:00 PM. This change is recommended to help drivers save money and redu...
Student Sheovan Deira (31) came to the Netherlands to study. She earns 2,749 euros: ‘I work hard and work long hours’
Brazen company charges customers ‘hefty fee’ to access their own data, but it’s illegal
A Netherlands-based international company has stopped illegally charging customers a fee to access their personal data following intervention from the Dutch Data Protection Authority. The regulatory b...
After 77 years, Cécémel to be renamed Chocomel in Belgium as well
FrieslandCampina is rebranding its chocolate milk brand Cécémel to Chocomel in Belgium after 77 years. The change will align the Belgian product's name with the branding used in the Netherlands sinc...
Apple gives parents more control over children's iPhones and improves Siri
Apple has announced new features for iPhones that provide parents with increased control over their children's device usage and communication. The company is also significantly upgrading Siri, althoug...
North Holland needs another €1 billion for nature network, extra focus on restoration in Polder Westzaan
The province of North Holland requires 1 billion euros to complete the Natuurnetwerk Nederland nature reserves, with only 470 million euros currently available from provincial funds. Officials briefed...
ITQ founder Francisco Perez van der Oord (49) values investing in people over millions in revenue: ‘The success of others gives me energy’
Francisco Perez van der Oord, founder of IT company ITQ, emphasizes that investing in employees has been the core of his business for 25 years. He prioritizes the professional growth and success of hi...
US: oil tanker in Strait of Hormuz 'disabled'
The United States military disabled an oil tanker flying under the Palau flag in the Strait of Hormuz. A US F-18 fighter jet used precision munitions to strike the engine room of the mv Marivex, accor...
Supermarket woes not over: groceries up to 10% more expensive by 2027
The Dutch supermarket umbrella organization CBL has warned the government that grocery prices could increase by up to 10 percent next year. According to the trade association, these price hikes are pa...
Netherlands to wear most expensive Nike kit ever at World Cup: ‘Fans' love is being mercilessly exploited’
The Dutch national football team is wearing its most expensive Nike jersey to date during the World Cup, priced at 159.99 euros. A German economist researching global kit prices states that the high c...
Cabinet wants ban on commercial social media work for children
The Dutch cabinet proposes a ban on commercial social media work for children aged 15 and younger. Minister Thierry Aartsen informed the House of Representatives of the plan, which aims to protect min...
Bunq fined for late response to customer fraud complaints
The Dutch online bank Bunq has been fined 170,000 euros by the Netherlands Authority for the Financial Markets (AFM). The penalty was issued because the bank failed to respond in a timely manner to fr...
Business owners welcome plans to protect Westpoort from housing, but experts see many complications
New French-German fighter jet will not happen
France and Germany have reportedly abandoned their joint project to develop a next-generation fighter jet. The decision comes after sources indicated that ongoing disagreements between the involved ai...
Transparent house and board of alarming data examine housing crisis: ‘Figures give you the feeling that everything is under control’
Number of vacancies falling for years, but finding staff remains difficult
The number of job vacancies in the Netherlands has been declining for several years, yet employers continue to struggle with finding staff. According to new data from the UWV, the labor market remains...
Victims of helpdesk fraud will not be reimbursed for transferred money
The Dutch financial complaints institute Kifid has ruled that victims of helpdesk fraud who transfer money to scammers themselves are not automatically entitled to reimbursement from their banks. This...
From scanning files to the only first-time buyer broker in the Netherlands: Laurens helps young homebuyers get started
Laurens, a specialized realtor based in Heemskerk, assists young first-time buyers in navigating the challenging Dutch housing market. His work focuses on helping starters overcome obstacles like risi...
Self-driving taxis will soon be available in London
Uber is preparing to launch a self-driving taxi service in London, with user registration opening this Monday. The robotaxis are expected to be operational in the English capital within the next few m...
Ukraine receives nearly six billion euros from EU for drones
The European Union will disburse the first 5.9 billion euro installment of a 90 billion euro loan to Ukraine this month. EU foreign policy chief Kaja Kallas announced that these funds are specifically...
Discount chain Die Grenze clashes with NVWA over dirt-cheap beer: ‘Read the law properly’
The Dutch discount chain Die Grenze is in a dispute with the Netherlands Food and Consumer Product Safety Authority (NVWA) over the legality of its high alcohol discounts. Owner Bert Hesselink argues ...
A meeting is not a therapy session: how to conduct a meeting that actually makes sense
Psychologist Thijs Launspach offers advice on how to conduct more effective meetings and better manage overcrowded work schedules. The guide emphasizes the importance of clear meeting objectives to en...
Mortgage rates fall despite Middle East unrest: 'Very volatile'
Mortgage rates in the Netherlands are decreasing as banks announce further interest rate cuts this week despite instability in the Middle East. Mortgage advisor Van Bruggen describes the current marke...
Supermarkets quit lobby group over high costs
The Dutch supermarket umbrella organization representing Jumbo and several other major retailers has withdrawn from the business group VNO-NCW. The move comes as companies protest a significant increa...