Economy News in English
Latest economy headlines from Dutch news, translated into English.
Trump: US could reopen Strait of Hormuz with a bit more time
President Donald Trump stated that the United States could easily reopen the Strait of Hormuz given more time following an Iranian blockade. The strait is a critical waterway for international trade t...
Environmental and traffic check results in dozens of fines in Beverwijk
Police and other authorities conducted a large-scale transport and environmental inspection on Parallelweg in Beverwijk on Tuesday. The operation resulted in dozens of fines being issued for various t...
Global food prices rise due to Middle East war
Global food prices rose for the second consecutive month in March, driven by higher energy costs and the conflict in the Middle East. According to the UN Food and Agriculture Organization (FAO), these...
West European ship passes Strait of Hormuz for first time since Iran war
A French-owned container ship has passed through the Strait of Hormuz, marking the first time a West European vessel has navigated the strait since the start of the current Middle East conflict. The t...
Vesteda gains financial breathing room through investor agreements
Vesteda, the largest commercial residential investor in the Netherlands, has secured financial breathing room through new agreements with its investors. This arrangement allows the company to avoid th...
Money for many projects will soon run out, civil servant calculations for Pro and D66 show
Tiny 11-square-meter room without bathroom or kitchen for nearly €100,000 sparks outrage
A tiny 11-square-meter room in Amsterdam listed for nearly 100,000 euros without a kitchen or bathroom has sparked public outrage. As these individual room sales become more frequent, Amsterdam's hous...
Dutch gas reserves being ‘cautiously’ refilled
Gasunie has begun cautiously refilling Dutch gas reserves following a cold winter that saw stocks drop to their lowest level in ten years. The replenishment process officially started on Thursday as t...
Fuel prices rise sharply again, diesel up 10.5 cents
Fuel prices continue to rise significantly due to the ongoing conflict in the Middle East. The advisory price for a liter of diesel at major oil companies has increased by more than 10 eurocents.
Housing association Elan wins lawsuit against minister over Heemstede care complex and is entitled to 600,000 euros: 'The money is very welcome'
The Haarlem-based housing association Elan has won a lawsuit against the Dutch government, securing 600,000 euros for the Slottuin residential care complex in Heemstede. The court ruled that the organ...
Diesel price surges to new record, gasoline also slightly more expensive
Diesel prices in the Netherlands have hit a new record high after increasing by nearly nine cents per liter in a single day. This significant price hike impacts the transport sector and delivery busin...
US lowers import tariff on products containing small amounts of steel
The United States is reducing high import tariffs previously placed on products containing small amounts of steel, aluminum, or copper. The government is also easing duties on machinery used specifica...
Netherlands leads global chocolate trade: ‘Leading for years’
The Netherlands has overtaken Germany as the world's largest exporter of cocoa products, exporting a total of 12.4 billion euros worth of goods last year. This leading position includes the export of ...
One checkmark and Chris got a job after all: rules of employment plan for the disabled are too rigid
Chris de Boer, who suffers from a rare blood disease, struggled to find employment because government regulations deemed him ineligible for disability job support. After discovering a loophole in the ...
New foundation label surprises buyers after purchase: ‘Bank can suddenly lend less’
The Dutch Homeowners Association warns that a new foundation label is causing unexpected financial issues for homebuyers. Because the label is often only revealed after a purchase, a poor rating can l...
Is Peek & Cloppenburg leaving Dam Square? ‘It will be a fight over who gets to rent here’
De Hypotheker: homebuyers cautious due to rising interest rates
Homebuyers in the Netherlands are becoming more cautious as mortgage interest rates rise due to geopolitical instability in the Middle East. According to mortgage advisor De Hypotheker, the average mo...
Report: night train between Schiphol and Lelystad not profitable
A report by transport company Arriva reveals that the trial night train service between Schiphol and Lelystad is not currently profitable. The pilot program, which operates on Friday and Saturday nigh...
Asscher to help cabinet with Tata Steel greening deal
Former PvdA leader Lodewijk Asscher has been appointed as a ministerial envoy to help the Dutch cabinet finalize greening agreements with Tata Steel Nederland. Minister Stientje van Veldhoven announce...
Confidence overflows at Tomasu soy sauce brewery, but they’re also hitting the brakes: ‘Success? I don’t care’
The founders of the Dutch soy sauce brewery Tomasu are prioritizing quality over rapid expansion despite receiving numerous international collaboration requests. Nominated for the AD Entrepreneur Priz...
Iran must reopen strait, demands Hormuz coalition
A coalition of 40 countries, including the Netherlands, has demanded that Iran immediately reopen the Strait of Hormuz to protect global trade. During a meeting on Thursday, ministers emphasized the i...
Substation to be built on site of WWII monument in Houtrakpolder
A new electricity station, A9 Zuid, will be constructed on the border of the Port of Amsterdam in the Houtrakpolder area. The project requires the relocation of the Lancaster monument, a memorial comm...
Elite athletes' income to be completely overhauled. NOC*NSF: ‘The top priority in elite sports’
The NOC*NSF plans to overhaul the income system for elite athletes by replacing current monthly stipends with a full professional income. The sports federation identifies this financial restructuring ...
Schiphol's 15% noise reduction goal not yet met
Initial estimates indicate that the goal of reducing severe noise nuisance around Schiphol Airport by 15% has not yet been met, according to the Dutch Minister of Infrastructure and Water Management. ...
Parcels from outside the EU to cost 5 euros more from November
Starting in July, packages imported from outside the EU will be subject to a 3-euro import duty, with an additional 2-euro European levy added in November. State Secretary for Finance Eelco Eerenberg ...
Tesla sales rise due to cheaper models in US and Europe
Tesla's electric vehicle sales have increased compared to the same period last year, driven by more affordable models in the US and Europe. This growth suggests the company is successfully overcoming ...
Renovation plan for 90 homes at Pleiadenplantsoen in IJmuiden gets green light
Housing corporation Woningbedrijf Velsen has received approval from tenants to proceed with the renovation of 90 rental homes at Pleiadenplantsoen in IJmuiden. The project aims to improve the quality ...
High tension on the power grid: ‘Building faster than ever, but it is not enough’
Waiting lists for new electricity connections in the Netherlands have reached 15,000, an increase of 3,000 compared to last year. It currently takes more than 45 weeks to obtain a new low-voltage grid...
FNV Tata gauges members' mood: tensions are rising. ‘Management has been greedy, we’ve had years of misery’
FNV union members at Tata Steel expressed significant frustration during recent meetings, citing poor treatment by management and corporate greed. While a low wage offer triggered the discussions, wor...
Klarna warned for violating legal rules on pay-later payments
The Dutch financial complaints institute Kifid has issued a warning to Klarna for violating legal regulations regarding its buy-now-pay-later service. The reprimand follows complaints from consumers w...