Economy News in English
Latest economy headlines from Dutch news, translated into English.
Volkswagen faces high costs from US import tariffs
Volkswagen experienced a downturn in 2025, largely attributed to high costs arising from import tariffs imposed by U.S. President Donald Trump. As a result, the German automaker announced plans to eli...
Costa warns: Russia is the only winner so far in Iran war
European Council President António Costa warned that Russia is the primary beneficiary of the conflict in the Middle East. He stated that rising energy prices boost Russia's war funding, while global...
Dennis and Laura earned much more, but now they must pay back more than 5,000 euros
Entrepreneurs Dennis and Laura earned significantly more than expected in 2025, resulting in a repayment requirement of over 5,000 euros. Their increased income from lifestyle coaching and constructio...
Amsterdam tenants report increasingly extreme security deposits of up to €8,600
Renault announces 22 new European models and aims to make electric cars 40 percent cheaper
Renault Group has announced a new strategy involving the launch of 36 new models, with 22 specifically targeted for the European market across its Renault, Dacia, and Alpine brands. The plan aims to r...
More and more people starting cooking or baking services from their own kitchens
Inspired by social media and television shows like Heel Holland Bakt, an increasing number of people are starting food businesses from their home kitchens. However, authorities warn that 90% of these ...
Top layer benefits most from mega-profits: ‘A trick to earn even more’
Fewer employees in the Netherlands are participating in company share programs, which could have served as a valuable pension supplement. This trend is driven by decreasing incentives, resulting in on...
European gas prices drop significantly after Trump remarks
European gas and oil prices saw a significant decline on Tuesday morning following statements made by U.S. President Donald Trump. Traders responded to the president's remarks suggesting that the conf...
Recommended diesel price tops 2.50 euros per liter for the first time
The average recommended diesel price in the Netherlands has surpassed 2.50 euros per liter for the first time. This price surge, which also affects gasoline, is attributed to the ongoing conflict in t...
Food and non-alcoholic beverages lower inflation, tickets more expensive
In February, inflation in the Netherlands remained stable at 2.4% compared to the previous year, matching January's figures. According to Statistics Netherlands (CBS), while food and non-alcoholic bev...
Even Betondorp cannot escape housing market madness: 3 million euro home
A former school building in the Amsterdam neighborhood of Betondorp is for sale for nearly 3 million euros, reflecting the extreme price increases in the city's housing market. The 327-square-meter pr...
Velsen Municipality reverses decision: 5,000 glass ornamental fish will not return to Kromhoutstraat in IJmuiden due to high costs and budget pressure
The municipality of Velsen has decided not to reinstall 5,000 glass decorative fish on Kromhoutstraat in IJmuiden due to high costs and budget constraints. This decision reverses a commitment made in ...
Young people on welfare more often have severe problems preventing them from working
The number of young people receiving welfare benefits has been increasing for three years, with individuals staying in the system for longer periods. These young adults often face complex mental healt...
How to keep Amsterdam attractive for ordinary people with average incomes? What political parties want to do
More reports of suspected workplace misconduct in 2025
The Dutch House for Whistleblowers (HvK) reported a record high of nearly 700 advice requests regarding workplace misconduct last year, a significant increase from 467 in 2024. Despite legal protectio...
Trump suspends oil sanctions to secure supply
President Donald Trump announced on Monday that the United States will suspend certain oil sanctions to ensure market stability and secure supply. The announcement was made during a press conference a...
Sofyan Mbarki (PvdA): We must not take the city's success for granted
Sofyan Mbarki, the PvdA lead candidate for Amsterdam, emphasizes the importance of addressing discrimination, overtourism, and inequality to maintain the city's long-term success. His proposals includ...
‘You used to eat noodles, now you eat burrata on sourdough’: three students on their money worries
Will there be another price cap? How the government can lower energy bills
The Dutch government is considering several measures, including a potential price cap, to address rising energy bills caused by increasing oil and gas prices. Politicians in The Hague are currently ev...
Unrest in Middle East also impacts mortgage market
Unrest in the Middle East has caused capital market interest rates to rise by 0.25 percentage points. As a result, mortgage lenders in the Netherlands have started increasing their interest rates.
LPG is much cheaper than petrol and diesel. Motorists consider switching
Motorists are increasingly considering a switch to LPG as gasoline and diesel prices continue to rise. Most vehicles can be converted to run on the cheaper fuel without compromising the driving experi...
Cabinet considers it too early for measures against rising energy prices
Dutch Finance Minister Eelco Heinen stated that the cabinet will not yet take measures against rising energy prices following the conflict in Iran. He argued that it is too early to predict the long-t...
Jetten and Tusk want ‘pragmatic solution’ to oil dispute
Dutch Prime Minister Rob Jetten and Polish Prime Minister Donald Tusk have called for a pragmatic solution to the ongoing oil supply dispute between Ukraine and Hungary. During a joint press conferenc...
Bakery bread prices not rising immediately despite rising grain costs
Industry organizations expect that bread prices at bakeries will not rise immediately despite increasing grain prices. This delay is due to long-term contracts between bakeries and suppliers, which bu...
Macron announces ‘defensive’ mission to reopen strait
French President Emmanuel Macron announced a purely defensive mission to reopen the Strait of Hormuz and escort cargo vessels once the most intense phase of the Middle East conflict concludes. The ann...
Motorists with jerrycans at the pump: extra crowds expected
Motorists are flocking to gas stations to fill up their cars and jerrycans as fuel prices rise rapidly following the conflict in the Middle East. Station owners have observed significantly higher dema...
South Holland approves plans for 285,000 homes by 2036
The province of Zuid-Holland has approved plans for the construction of approximately 285,000 homes by 2036. While 2,333 projects were accepted for meeting environmental regulations, thirteen plans we...
Almost 2.40 euros a liter: motorists hit hard at the pump
Dutch motorists are facing fuel prices nearing 2.40 euros per liter due to the ongoing conflict in the Middle East. Market experts explain that the price surge is a direct result of the blockage of th...
Sharp price increases at the pump again Tuesday: ‘First major effects becoming visible’
Motorists in the Netherlands will face significant fuel price increases on Tuesday as global oil prices rise above $100 per barrel due to the conflict in the Middle East. Fuel expert Derk Foolen from ...
Thousands of homes, no North/South line: the results of Haarlemmermeer's coalition plans
The political coalition in Haarlemmermeer has largely fulfilled its promises from four years ago, including the construction of 3,000 new homes and improvements to local parking. However, despite thes...