Economy News in English
Latest economy headlines from Dutch news, translated into English.
Trump: Tehran says Iran is on the verge of collapse
US President Donald Trump claimed on Truth Social that Iran is on the verge of collapse. He stated that Tehran has requested the United States to reopen the Strait of Hormuz as soon as possible.
Brussels seeks ‘cleanup’ of regulatory process
The European Commission has proposed a thorough overhaul of its regulatory process to eliminate outdated and redundant rules. This initiative aims to make Brussels' regulations simpler, clearer, and m...
Schiphol and KLM take extra measures after winter weather problems
Schiphol Airport and KLM are implementing additional measures to better prepare for snow and frost following an evaluation of major flight disruptions caused by winter weather earlier this year. The c...
Social media must do more to tackle online fraud, say banks
Dutch banks are calling on social media companies such as TikTok, Meta, and Google to better protect users against online fraud. Research indicates that approximately 70 percent of all fraud cases cur...
Widespread opposition to new construction in central Nieuw-Vennep: business owners and residents fear parking shortage
Residents and businesses in Nieuw-Vennep are opposing the Mercator housing project due to concerns over traffic congestion and a shortage of parking spaces. Local supermarkets also expressed fears of ...
United Arab Emirates to leave OPEC oil cartel
The United Arab Emirates has announced its withdrawal from the oil cartel OPEC. The country also plans to stop participating in monthly OPEC+ meetings that involve non-OPEC members such as Russia.
United Arab Emirates to leave OPEC oil cartel
The United Arab Emirates has announced its decision to withdraw from the OPEC oil cartel. This move represents a significant blow to the organization of oil-exporting nations and its leading member, S...
CDA, VVD MEPs vote against EU long-term budget
MEPs from the Dutch parties VVD and CDA voted against the European Parliament's proposed 2.2 trillion euro budget for 2028-2034. In contrast, D66 supported the proposal, which represents a 10 percent ...
Energy crisis increases pressure on regional airports
Regional airports across Europe are facing increased pressure due to the consequences of the conflict in the Middle East. The trade association ACI Europe issued this warning during a recent meeting i...
European Parliament wants tax on crypto and online gambling
The European Parliament has approved a mandate for the 2028-2034 EU budget, proposing a total of 2.2 trillion euros. To fund this increased budget, negotiators suggest introducing new taxes on cryptoc...
More reports of online abuse images created by children themselves
The Dutch expertise center Offlimits reports a disturbing increase in online abuse images created by minors themselves. This trend was highlighted in the organization's latest annual report on online ...
King's Day photos and videos cause major data traffic spike
Mobile data traffic across the Netherlands saw a significant increase on King's Day compared to the previous year, according to telecom provider KPN. The surge was driven by users sharing photos and v...
Dutch Tax Authority to get new bank account number on May 1: what to look out for
Starting May 1, 2026, the Dutch Tax Service will adopt a new bank account number, transitioning its banking services from ING to Rabobank. Taxpayers must ensure that all payments are directed to the n...
Price difference between organic and non-organic food has increased again
The Dutch Consumer Association (Consumentenbond) reports that the price gap between organic and non-organic food products in supermarkets has increased again. This trend reverses a previous period whe...
Jewelry chain Claire's also closes stores in UK and Ireland
Jewelry chain Claire's is closing all its locations in the United Kingdom and Ireland following the bankruptcy of its Dutch branch last year. The company has struggled with financial challenges partly...
Australia to tax tech giants for not paying for news
Australia has introduced draft legislation that would impose higher taxes on tech giants like Meta, Google, and TikTok if they do not pay local media companies for news content. The measure aims to en...
6.4 million for facility upgrades in Wijk aan Zee; uncertainty for sports clubs remains
Wijk aan Zee will receive 6.4 million euros from area investments to renovate community facilities including the local primary school, library, and sports hall. Despite the funding, several sports clu...
High fuel prices due to Middle East war hit fairground operators, but visitors barely notice
Fairground operators in Haarlem and IJmuiden are facing higher operational costs as diesel prices rise due to the conflict in the Middle East. Despite these increased expenses for running attractions,...
Bitcoin hits highest level in months after hopeful news on Middle East war
Bitcoin's value has reached its highest point in nearly three months, driven by optimism regarding the conflict in the Middle East. The surge follows reports suggesting that peace negotiations between...
Iranian students falling through the cracks due to Middle East war: "It's about survival"
Iranian international students in the Netherlands are facing severe financial distress and mental health challenges as the Middle East conflict disrupts money transfers from their home country. While ...
'Ultrafast fashion' peaks on King's Day: 'This is how we sustain overconsumption'
Clothing retailers are releasing extensive fashion collections for King's Day, contributing to the rise of 'ultrafast fashion' in the industry. Experts warn that this trend encourages overconsumption ...
Away from Trump and Big Tech: Dutch data to end up with Lidl's parent company
Dutch data will increasingly be stored by the Schwarz Group, the parent company of Lidl, as an alternative to US tech giants like Google and Microsoft. This shift is seen by experts as a way for Europ...
Transport entrepreneur Henk van der Valk is always on the move: ‘We are building a new, larger tender boat’
Transport entrepreneur Henk van der Valk is expanding his company, North Sea Tenders, by commissioning the construction of a new, larger tender boat. The project, currently underway at 1e Industriedwa...
Growth in defense spending slowed by loss of US aid to Ukraine
Global defense spending growth has begun to level off after reaching its highest point in decades. This deceleration is primarily attributed to the United States halting its financial support for Ukra...
Transavia cancels flights in May and June due to kerosene prices
Transavia is cancelling a portion of its flights scheduled for May and June due to rising aviation fuel prices. The airline attributed the cost increase to the ongoing conflict in the Middle East.
Transavia cancels flights in May and June due to high fuel prices
Transavia will cancel a portion of its flights in May and June due to the sharply rising cost of aviation fuel. The airline attributed the price increase to the ongoing conflict in the Middle East.
New tenants' chair Ans (69) slams 'unjustifiable' rent hike for 'old junk' at Woningbedrijf Velsen: 'How are we paying €887 a month for porch lights?'
Ans van der Velde, the new chair of the Tenant Council for Woningbedrijf Velsen, is strongly opposing rent increases while many social housing units suffer from maintenance issues like mold and leaks....
Despite 500 million kg potato surplus, fries remain expensive: ‘Snack bars had already purchased’
Dutch potato growers are facing a surplus of 500 million kilograms of unsold potatoes, yet the price of fries in snack bars remains high at nearly 5 euros. This price stability is due to snack bars ha...
'Dutch people don't want to downsize, but they must.' Aging far from the only pain point in the housing market, according to economist
Economist Joep Steegmans of Leiden University warns that home ownership is increasingly becoming a privilege for the wealthy due to demographic trends and a persistent housing shortage. He notes that ...
Magyar to Brussels for talks on frozen EU funds
Hungarian politician Péter Magyar is scheduled to meet with European Commission President Ursula von der Leyen in Brussels to discuss the release of frozen EU subsidies. While Magyar seeks the funds ...