Economy News in English
Latest economy headlines from Dutch news, translated into English.
Jetten expects quick end to 90 billion blockade for Ukraine
Rob Jetten expects Hungary to lift its blockade on a €90 billion EU loan for Ukraine by mid-next month. The Hungarian government has been obstructing the aid due to a dispute with Ukraine regarding ...
No train service at Station Zuid during multiple periods in April and May
Train traffic at Amsterdam Zuid station will be suspended during several periods in April and May due to construction work on a wider station passage and a new cycling tunnel. These works are part of ...
Shell CEO: brace for gas and oil supply disruptions to Europe
Shell CEO Wael Sawan has warned that Europe may soon experience fuel supply disruptions similar to those currently affecting Asian markets. The instability is driven by the conflict in the Middle East...
Four ATM bombings in two weeks: ‘Criminals have found a gap in security’
Fortnite maker Epic lays off 1,000 employees: 'Sorry this is necessary again'
Epic Games is laying off 1,000 employees in an effort to reduce costs. The American developer cited declining revenue from its flagship game, Fortnite, as a primary reason for the restructuring.
Cabinet also considering energy price compensation for middle-income earners
The Dutch cabinet is exploring additional measures to mitigate rising energy prices for middle-income households following pressure from the House of Representatives. An emergency fund is being fast-t...
Elan Wonen declines to join large-scale Belgiëlaan development: 'Our hands are full with other projects'
Housing corporation Elan Wonen has declined to join a large-scale new construction project on Belgiëlaan in Haarlem's Europawijk neighborhood, citing a full schedule of other commitments. The proposa...
Dutch House of Representatives wants energy emergency fund reopened quickly
The Dutch House of Representatives has passed a nearly unanimous motion calling for the swift reopening of the Temporary Emergency Energy Fund. The proposal, initiated by MP Esmah Lahlah, requires the...
Volkswagen recalls nearly 100,000 electric cars due to battery problem
Volkswagen is recalling nearly 100,000 electric vehicles globally due to potential issues with battery modules, as announced by the German transport authority KBA. In the Netherlands, approximately 4,...
Construction of large commercial building in Waarderpolder may soon resume
Contractor Van der Worp has lost a summary judgment lawsuit against project developer Haarlem Business Center regarding a construction project in the Waarderpolder. This legal decision is expected to ...
Man (31) posed as landlord in Amsterdam and scammed students out of 20,000 euros
GroenLinks-PvdA proposes fuel price caps
The GroenLinks-PvdA alliance has proposed implementing maximum price caps for gasoline and diesel to protect consumers from rising fuel costs. Party leader Jesse Klaver discussed the proposal with the...
Trump’s promise of a grand deal with Iran needs a large grain of salt
Donald Trump claims a historic peace deal with Iran is nearly finalized, though critics suggest these assertions should be viewed with skepticism. Despite the rhetoric, there appears to be no concrete...
Nova College students first to use benefits practice tool: ‘Actually quite stupid if you forget it’
Students at Nova College in Haarlem are the first to use a new practice tool designed to help navigate the process of applying for government allowances. During a guest lecture from the Dienst Toeslag...
DNB President thinks it is wise for government to wait on energy compensation
DNB President Olaf Sleijpen supports the Dutch government's decision to delay a resolution on household energy price compensation. The proposed measures aim to address rising costs resulting from the ...
Why the economy is now on ‘code orange’ and low-income earners will feel it most
The Dutch economy is facing a "code orange" situation, with low-income households expected to be the most affected by the upcoming downturn. Experts warn that the conflict in the Middle East and other...
'It sounded like a rocket impact': Badhoevedorp neighborhood jolted awake by ATM bombing
A powerful ATM explosion on Tuesday morning in Badhoevedorp woke residents and caused significant vibrations throughout the neighborhood. Two suspects were subsequently arrested in Amsterdam shortly a...
Deducting healthcare costs on tax returns: ‘Could easily save hundreds of euros’
Dutch taxpayers have until May 1st to file their tax returns and potentially deduct various healthcare expenses, such as dental visits and travel vaccinations. Experts suggest that while specific cond...
Saints & Stars takes state to court; Labor Inspectorate seeks to impose €324,000 in fines
Iran war could significantly damage economy, but less than 2022 energy crisis
The Dutch Central Bank (DNB) warns that a potential war in the Middle East could significantly damage the Dutch economy in a worst-case scenario. However, the regulator notes that the impact on househ...
Money to green the neighborhood together
The municipality of Haarlem is offering €50,000 each for three community-led projects to transform paved areas into green spaces to combat heat and water logging. Residents can submit their plans un...
Bevrijdingspop becomes smaller-scale: lower costs and more focus on freedom
The Bevrijdingspop festival in Haarlem is transitioning to a smaller-scale format to focus more on themes of freedom and democracy while addressing rising security costs. Organizers plan to experiment...
Are you having trouble with your landlord? Let us know
A news outlet is inviting tenants to share their experiences regarding conflicts with landlords, including issues like unannounced visits and neglected repairs. These stories are being collected for a...
IKEA recalls candles due to risk of large flames
IKEA is recalling its SMÖJTRÄD candles due to a manufacturing defect that may result in multiple wicks, leading to dangerously large flames. The company warns that this defect poses a risk of fire a...
Flight tax not yet driving Dutch travelers to foreign airports
The higher flight tax introduced in the Netherlands in 2023 has not yet caused a significant shift of Dutch travelers to airports in neighboring countries. Recent data shows that both domestic and for...
Majority of large online stores inaccessible to customers with disabilities
A study by the Authority for Consumers & Markets (ACM) reveals that 61 percent of the largest webshops in the Netherlands are not digitally accessible. This lack of accessibility prevents customers wi...
Michiel’s spending is almost clinically efficient, but I see no sign of enjoyment anywhere
Michiel, a 44-year-old man, reflects on his extremely frugal spending habits, which he describes as almost clinically efficient. He admits to struggling to remember the last time he spent money on som...
Behind BridgeFund’s friendly facade lies a risky credit model: ‘Incomprehensible that they have a quality mark’
Dutch credit provider BridgeFund is facing scrutiny over its business model, which operates outside of traditional financial supervision despite its approachable marketing. Critics question the solidi...
Development bank FMO: food prices rising sharply due to higher gas prices, and that's not all
FMO CEO Michael Jongeneel reports that rising gas prices and the conflict in the Middle East are driving up food prices and impacting the bank's financed partners more than previous trade wars. Howeve...
Is driving electric really cheaper with current gas prices? Here’s the deal
High fuel prices driven by geopolitical unrest in the Middle East have led to a significant increase in consumer interest in electric vehicles. Recent calculations suggest that driving an electric car...