Economy News in English
Latest economy headlines from Dutch news, translated into English.
Osdorp Garden Centre leaves city to make way for housing
Tuincentrum Osdorp is set to move out of Amsterdam's Nieuw-West district to make way for a new residential neighborhood and retail space. The popular 66-year-old family business expects to relocate to...
Inflation rises to 2.7 percent in March due to higher energy prices
Inflation in the Netherlands rose to 2.7% in March, up from 2.4% in February, according to preliminary figures from Statistics Netherlands (CBS). The increase in the cost of living was primarily drive...
Shell companies, fake invoices and obscured transactions: how drug money is laundered in personal budget healthcare
Organized crime is increasingly using the Dutch personal budget (PGB) healthcare sector as a conduit for laundering drug money. Criminals exploit fragmented supervision through the use of phantom comp...
MPs ask question after question about Haarlem track maintenance. The only one that matters: is it still worth it?
Dutch Members of Parliament have submitted 38 questions to State Secretary Annet Bertram regarding the canceled joint railway maintenance in Haarlem. The project's failure has resulted in a 60 million...
One sustainable, the other plant-based: chocolate makers join forces in Amsterdam factory
Recovery plan for childcare benefit parents poorly received: 'Calm is needed'
Parents and advocacy groups affected by the Dutch childcare allowance scandal are calling for an extension of the April 1 deadline to register for additional compensation. They argue that many victims...
Drought, heat and wet feet: 'Adapting to climate change is not a choice'
A new advisory report to the Dutch cabinet emphasizes that adapting to climate change is mandatory rather than optional. While technical solutions may provide short-term relief, the report suggests th...
North Holland again calls for action on ‘crucial’ IJmuiden pumping station
The province of Noord-Holland has renewed its call for the Dutch government to fund the renovation of the crucial pumping station and discharge complex in IJmuiden. Deputy Anouk Gielen warned that the...
Police could soon search social media more easily under cabinet plans: ‘Could be dangerous’
The Dutch government has proposed new legislation that would allow police to monitor citizens' social media accounts more easily to help prevent riots. While the cabinet views the proposal as a necess...
Entrepreneurs affected by fire find support in each other and receive help through crowdfunding
Hospitality entrepreneurs affected by a devastating fire at Nieuwe Hemweg in Amsterdam-West are supporting each other while seeking financial aid through crowdfunding. The blaze destroyed two building...
62 million euros for new GVB ferries: ‘Crowds are increasing, short-term investments needed’
Measures after Finance Ministry hack affect treasury banking
The Dutch Ministry of Finance has disabled several digital systems, including its treasury banking portal, following a cyberattack. This precautionary measure affects around 1,600 public institutions ...
German inflation at highest level since 2024 due to rising fuel prices
German inflation rose to 2.7 percent in March, reaching its highest level since 2024 according to preliminary data from the federal statistics office Destatis. The increase was primarily driven by hig...
Prison sentence and fine for captain of alleged shadow fleet tanker
A French court has sentenced Chinese captain Chen Zhangjie to one year in prison and a 150,000 euro fine for refusing to stop his oil tanker when ordered. The vessel is suspected of being part of the ...
From respectable Haarlem citizen to creator of cruel Biblical scenes: how Cornelis Cornelisz captured his city and era on canvas
Cornelis Cornelisz was a prominent painter and member of the elite in 17th-century Haarlem, having married into a wealthy family with significant political and commercial influence. The article explor...
Two Chinese container ships sail through Strait of Hormuz
Two Chinese container ships have successfully transited the Strait of Hormuz, according to data from the shipping monitor MarineTraffic. This passage is notable as Iran has restricted traffic and atta...
Trump threatens to destroy Kharg if no deal is reached soon
U.S. President Donald Trump has threatened to destroy Iran's Kharg Island unless the country's regime quickly reaches a deal with him. In a post on Truth Social, he also demanded the immediate reopeni...
Dutch cabinet reverses UNRWA funding cuts this year
The Dutch cabinet has restored the 19 million euro subsidy for the UN agency for Palestinian refugees (UNRWA) effective this year. Minister Sjoerd Sjoerdsma announced the reversal of previously planne...
Fewer new mini-cars in the city after city-wide parking permit scrapped
The number of new mini-cars in Amsterdam has significantly decreased following the removal of city-wide parking permits for these vehicles in September. Data shows monthly registrations dropped from o...
Zelensky proposes Easter truce for energy infrastructure
Ukrainian President Volodymyr Zelensky stated that his country is open to an Easter ceasefire. He also noted that allies have requested Ukraine to stop attacking the Russian oil sector to avoid furthe...
23-year-old from IJsselstein caught red-handed in bank helpdesk fraud: gang stole 1.7 million euros
A 23-year-old man from IJsselstein was caught red-handed for his involvement in a bank helpdesk and cryptocurrency fraud scheme. He is believed to be part of a criminal group that stole more than 1.7 ...
Fire at Israeli Bazan refinery after attack
An attack on northern Israel has caused a fire at the Bazan refinery near the city of Haifa. While no injuries have been reported so far, there are unconfirmed reports of a potential chemical leak at ...
1.7 million euros stolen in helpdesk scam: eight suspects arrested, including Amsterdam resident
Oil prices record sharpest monthly rise ever
The price of Brent oil surged by approximately 60% in March, reaching over $115 per barrel. This represents the largest monthly price increase ever recorded for the benchmark.
Egg prices have risen sharply in recent years
A study by the Dutch Consumers' Association (Consumentenbond) reveals that egg prices have risen significantly over the past five years. As a result, consumers can expect to pay more for traditional e...
From marshy field to global airport: Schiphol marks exactly 100 years in Amsterdam's hands
Amsterdam is marking the 100th anniversary of acquiring Schiphol Airport from the Ministry of War on April 1, 1926. The airport transitioned from a muddy military field into a global aviation hub, wit...
Farmers pressure cabinet: ‘Follow Germany and open the hunt for the wolf’
Dutch farmers and the agricultural organization LTO Noord are urging the new cabinet to permit wolf hunting to reduce the population to manageable levels. They argue that wolves increasingly target ea...
Australia halves fuel excise duty to lower costs
Australian Prime Minister Anthony Albanese announced a 50% reduction in fuel and diesel excise taxes for a period of three months. This initiative aims to alleviate the financial burden on citizens ca...
Trump: Iran to allow 20 oil tankers through Strait of Hormuz
U.S. President Donald Trump announced that the United States has negotiated with Iran for the passage of 20 oil tankers through the Strait of Hormuz. This deal aims to stabilize global oil prices, whi...
Public transport temporarily free in parts of Australia due to fuel shortage
The Australian states of Victoria and Tasmania have made public transport temporarily free to help residents cope with rising fuel prices caused by the conflict in Iran. This measure is intended to pr...