Economy News in English

Argentine football fans denied US visas receive free TVs

Argentinian football fans who were denied visas to travel to the United States to watch Lionel Messi play have received free televisions from the brand Noblex. The promotion aims to compensate for the...

Work continues at advertising agency KesselsKramer despite bankruptcy: ‘We don’t know yet what will happen’

Sjoerdsma faces ‘big problem’ without safety cable, according to PRO

Minister Sjoerd Sjoerdsma faces structural challenges regarding development aid unless its funding is re-linked to the size of the economy, according to PRO party representative Suzanne Kröger. PRO h...

Fat Phill’s fast food restaurant in Heerhugowaard bankrupt within 18 months. ‘Negative reviews? I have them in Hoofddorp too and it’s doing well there’

The Fat Phill’s franchise in Heerhugowaard has been declared bankrupt less than 18 months after its opening in the Middenwaard shopping center. Despite the closure, the owner noted that other locati...

Why the cabinet is considering a ‘golden share’ in shipbuilder Damen: five questions about a possible deal

The Dutch government is considering acquiring a stake or 'golden share' in shipbuilder Damen Naval to support the production of essential naval frigates. This potential deal aims to foster closer coop...

Dutch Tax Administration to manage and maintain VAT system in-house

The Dutch Tax and Customs Administration will manage and maintain its new VAT system internally instead of outsourcing those tasks. Secretary of State Eelco Eerenberg informed Parliament that while th...

Musk virtually visits ASML, but employee banner is clear: ‘Fuck Musk’

Elon Musk virtually joined ASML CEO Christophe Fouquet for a discussion at the Brabanthallen in Den Bosch on Thursday. While many employees watched the event online or in person, some expressed their ...

Billionaire Elon Musk does it again: Investors flock to loss-making SpaceX IPO

Elon Musk is preparing to take his aerospace company SpaceX public, drawing significant interest from investors despite the firm currently being loss-making. This move mirrors the earlier public offer...

After 58 years, the curtain falls for Groots Herenmode in Beverwijk. Jelle Nuijen closes his menswear store: 'I'm going to miss all my customers'

Jelle Nuijen is closing his men's clothing store, Groots Herenmode, in Beverwijk after 58 years of operation. The 77-year-old owner expressed that he will deeply miss his customers as the well-known s...

Hospitality venues cannot show World Cup matches for free

Dutch Culture Minister Rianne Letschert announced that hospitality businesses will not be able to broadcast World Cup matches for free. The mandatory fees paid to the national broadcaster NOS for publ...

EU presidency Cyprus proposes lower EU budget, Netherlands against

Cyprus, acting as EU chair, has proposed a slightly reduced EU multi-annual budget of 1.95 trillion euros for the 2028-2034 period. Dutch Finance Minister Eelco Heinen reacted by stating that the prop...

Amsterdam tightens procurement policy, but ‘this is no Israel boycott’

Poultry allowed outside again in Gelderse Vallei: Nationwide housing order lifted

The nationwide confinement obligation for poultry in the Netherlands has been lifted after bird flu risks subsided. The final restrictions were removed in the Gelderse Vallei, a region with a high den...

New rules make it easier to cancel online purchases

Starting June 19, webshops and apps are required to provide a clearly visible cancellation button for consumers. This new regulation aims to make the process of canceling online purchases easier and m...

Poultry housing order also lifted in Gelderse Vallei

The Dutch government has lifted the nationwide housing requirement for poultry after experts assessed the risk of bird flu as moderate to low. The final restrictions were removed in the Gelderse Valle...

Haarlem coalition agreement presented: parking to become more expensive, 15,000 homes to be added

The new coalition agreement for Haarlem, formed by PRO, D66, and CDA, outlines plans to build 15,000 new homes and increase parking fees. The agreement also includes the implementation of a "tile team...

Alderman on massive cost increase for bridge over the IJ: "I also had to swallow hard"

Amsterdam's Alderman for Mobility, Elise Moeskops, expressed shock over reports that the projected cost of the new bridge over the IJ has nearly tripled, potentially reaching 850 million euros. Origin...

Alderman on massive cost increase for IJ bridge: I also had to swallow hard

Amsterdam Alderman Elise Moeskops expressed shock as the estimated cost for the new bridge over the IJ has risen from approximately –340 million to between –650 million and –850 million. During ...

British investigation into Ryanair over high costs of travelling with children

The British competition authority is investigating Ryanair over its policy requiring at least one parent to pay for a seat to sit next to their child. The investigation focuses on the mandatory costs ...

Busy World Cup days barely increase hospitality revenue

Dutch catering entrepreneurs expect busy days during the World Cup, as 170 municipalities have permitted pubs and cafes to extend their opening hours. However, business owners anticipate that the incr...

Minister Sjoerdsma called to Parliament again today: what’s going on with the budget deal?

D66 Minister Sjoerd Sjoerdsma is appearing before the Dutch House of Representatives today to explain a controversial budget deal regarding development aid. The minister faces criticism for orchestrat...

Social housing tenants to pay 3.6 percent more on average this year

Housing corporations in the Netherlands are increasing social housing rents by an average of 3.6 percent this year, according to industry body Aedes. This figure represents the maximum allowable incre...

Reader’s question: 78 euros for trips not taken – is that allowed?

Trudie Theebe is questioning a travel agency's decision to withhold a 78-euro refund for excursions after she canceled her bus trip ten weeks before departure. While she accepted the standard cancella...

A10 inner ring partially closed this weekend: possible hour of extra travel time

Portions of Amsterdam's A10 South motorway will be closed from Friday night until Monday morning due to construction work for the Zuidasdok project. Motorists are warned to expect travel delays of up ...

Ben & Jerry’s being ‘destroyed’ by Magnum owner, says founder

Ben & Jerry's co-founder Ben Cohen has accused the brand's parent company of 'destroying' the label by attempting to suppress its political activism. Cohen claims the owner has specifically tried to b...

Elon Musk to become first-ever trillionaire: net worth rising by $1 million per minute

Elon Musk is projected to become the world's first trillionaire as his fortune grows at an average rate of 1 million dollars per minute. Over the past year, his wealth has increased exponentially and ...

Canada also introduces social media measures for children under 16

Canada has announced a ban on social media for children under the age of 16 if platforms fail to meet new safety standards. Major platforms like Facebook, Instagram, and X will be required to implemen...

Amsterdam's art collection almost didn't exist due to inheritance tax

Carel Joseph Fodor and Adriaan van der Hoop played a foundational role in establishing the city of Amsterdam's municipal art collection. The article explores the historical origins of these acquisitio...

Consultancy firm investigates UWV following reports of culture of fear

Consultancy firm KPMG has launched an investigation into the Dutch benefits agency UWV following reports of a potential culture of fear within the organization. The UWV confirmed the probe on Thursday...

Why the European Central Bank is likely to raise interest rates today for the first time in three years

The European Central Bank is expected to raise interest rates for the first time in three years this Thursday to combat rising inflation. This decision aims to stabilize prices and may offer better re...