Economy News in English
Latest economy headlines from Dutch news, translated into English.
Shop in Tempeliersstraat may be converted into apartment
An administrative court in Haarlem has ruled that a vacant retail space on Tempeliersstraat can be converted into an apartment. The decision favors the property owner over the municipality, as the bui...
Trump welcomes oil price rise due to war against Iran
President Donald Trump stated that rising oil prices resulting from the conflict with Iran are beneficial for the United States. He noted that the U.S. earns more from its own oil production, despite ...
US government explores imposing new import tariffs
The United States government is exploring the implementation of new import tariffs on its trading partners. The investigation includes a focus on alleged unfair trade practices by the European Union.
Iranian leader in first statement: keep pressure on enemy high
In his first statement as Iran's new supreme leader, Mojtaba Khamenei called for the Strait of Hormuz to remain closed to maintain pressure on the country's enemies. He also emphasized the importance ...
AI chatbots overlook local parties: ‘Voting advice is unreliable’
Research by the Dutch Data Protection Authority (AP) reveals that AI chatbots rarely recommend local political parties, making their voting advice unreliable. This bias poses a risk to these parties, ...
A look inside the world of nut company Gotjé: You see a bag on the shelf, but not the work behind it
Jan Gotjé nut company provides a behind-the-scenes look at its production facility in Heerhugowaard, detailing the labor-intensive processes of roasting, cracking, and sorting. Many consumers are una...
Holidays within Europe more popular due to Middle East war
Travel agencies report that European vacation destinations are growing in popularity due to the conflict in Iran. Additionally, there has been a notable increase in travelers opting for package holida...
Brussels proposes fact-finding mission for Ukraine oil pipeline
The European Commission has proposed a fact-finding mission to investigate the damaged Druzhba oil pipeline in Ukraine. As of Thursday, a spokesperson stated that the Ukrainian government has yet to r...
New row between Budapest and Kyiv over blocking Russian energy
Hungary and Ukraine are engaged in a new dispute regarding the supply of Russian fossil fuels. The Hungarian Foreign Minister has accused Ukraine of conducting several attacks on a pipeline that trans...
From Drachten to Arnhem: Zaanstad pursues suspicious window cleaners across the Netherlands
Since 2024, inspectors from Zaanstad have been conducting a nationwide investigation into rogue window cleaning companies suspected of fraud, illegal labor, and permit violations. Supervisors have tra...
Economic uncertainty remains 'very high' due to global tensions
The Dutch economy continues to grow steadily despite significant uncertainty caused by the conflict in the Middle East. The CPB advises that higher energy prices do not necessitate immediate governmen...
Gloomy forecasts: purchasing power stagnates, economic growth slows, inflation rises due to gas and oil
New forecasts from the Netherlands Bureau for Economic Policy Analysis (CPB) indicate that the Dutch economy is slowing down, with purchasing power expected to stagnate next year. Rising government de...
Alarming report: Middle East war causes largest oil market disruption ever
The International Energy Agency (IEA) reported that the conflict involving the United States, Israel, and Iran is causing the largest disruption to global oil supplies in history. This assessment, rel...
100 Dutch ships stuck in Persian Gulf, owners not yet evacuating crews
Dutch shipowners are currently choosing not to evacuate the crews of approximately one hundred ships stationed in the Persian Gulf and Middle East. A spokesperson for the Royal Association of Netherla...
Houses still very expensive, but prices rising more slowly
House prices in the Netherlands are rising at a slower pace this year due to an increase in available housing from rental sales and new construction. However, economists anticipate that price growth w...
New quality mark for unique businesses in the city center
Amsterdam has introduced a new quality mark called 'The Seal of Amsterdam' to honor local entrepreneurs who contribute to the city's unique character. The award recognizes business owners with a stron...
Rail traffic between China and North Korea resumes after six years
Passenger train services between China and North Korea have resumed for the first time in six years, according to Chinese state media. The cross-border rail link was originally suspended in 2020 due t...
'Pay later via this company? Never again!' Sleepless nights over Klarna and debt collection agency tactics. Calls for action grow louder
Swedish finance company Klarna is facing criticism for pressuring consumers and violating its own regulations through its 'buy now, pay later' services. Dutch politicians, regulators, and consumer org...
Study: More low-income households than affordable homes for the group
A recent study in the Amsterdam Metropolitan Region reveals a significant mismatch between household incomes and housing costs, with low-income households far outnumbering available affordable homes. ...
Record release from emergency reserves fails to calm oil market: prices continue to rise
Oil prices continued to rise on Thursday despite an announcement by International Energy Agency members to release 400 million barrels from emergency reserves. As part of this coordinated effort to st...
Belgium strikes: flights cancelled and transport chaos expected
Nationwide strikes in Belgium against austerity measures have led to the cancellation of all flights at Charleroi and Brussels airports. Authorities have also warned of significant transportation chao...
Many Dutch entrepreneurs see Trump's policies as biggest risk
Dutch entrepreneurs doing business internationally identify US President Donald Trump's trade policies as their most significant geopolitical challenge. Approximately half of these business owners rep...
Experts: accelerate energy transition and keep Groningen gas as a safety net
A group of 22 safety and energy experts recommends that the Netherlands accelerate its energy transition to reduce reliance on foreign energy imports. The experts suggest maintaining the Groningen gas...
Housing associations slam municipality: Bloemendaal is not a state within a state
Housing corporations Brederode Wonen and Pré Wonen have criticized the municipality of Bloemendaal for failing to increase its social housing stock. The organizations emphasized that Bloemendaal must...
Forty North Holland and Flevoland council groups demand end to expat tax breaks: 'Excessive pressure on housing market'
Forty local council factions from North Holland and Flevoland, led by Haarlem's PvdA, are calling on the Dutch Parliament to end the 30% tax break for expats. The group argues that the incentive place...
The most expensive petrol is in Wieringermeer, the cheapest in Amsterdam. These are the most affordable gas stations in North Holland
As fuel prices rise significantly, a report by Noordhollands Dagblad identifies Amsterdam as having the cheapest petrol in the province of North Holland. The study highlights the most affordable gas s...
US releases 172 million barrels of oil from strategic reserve
The United States will release 172 million barrels of oil from its strategic reserve over a 120-day period starting next week. U.S. Energy Secretary Chris Wright announced the move, which marks a sign...
Faster green transition makes the Netherlands more resilient to war
A group of 23 experts in energy and security argues that the Netherlands must accelerate its transition to sustainable energy to enhance national security and independence. They warn that in a world o...
Fuel tax cut would solve nothing structurally: ‘Inefficient blunt instrument’
In response to rising fuel prices caused by the conflict in Iran, Dutch politicians are increasingly calling for a reduction in gasoline excise duties. However, TNO researcher Peter Mulder warns that ...
