Economy News in English
Latest economy headlines from Dutch news, translated into English.
'Girls' houses' on WhatsApp popular among teens, but everyone is watching
Young girls are increasingly using WhatsApp as a social media platform to share photos, videos, and private information like school schedules. However, these public groups are often accessible to anyo...
Daniëlle (26) and Nina (27) keep housing costs low as pet sitters: ‘Can pay off our debt’
Rogier Havelaar’s CDA well-received by entrepreneurs during election debate
Airfares to rise by tens to hundreds of euros if Iran war doesn't end soon
Air ticket prices are expected to increase by tens to hundreds of euros if the conflict involving Iran continues to drive up oil prices. Dutch airline KLM and other carriers are facing higher operatio...
High oil prices make everything more expensive: what to expect
Rising oil and gas prices are causing an increase in the cost of various goods and services, ranging from fuel to everyday household items and professional advice. This surge in energy costs is impact...
Consumers with expiring energy contracts face price increases
Energy prices for new contracts have risen sharply since Monday morning, causing costs to increase by hundreds of euros for average households. Consumers with expiring energy contracts are expected to...
Digital backlogs at Tax Administration as hundreds of civil servants strike
The Dutch Tax Office is experiencing digital queues for 2025 income tax filings and longer wait times for phone support. These delays are being caused by high user volume and strikes involving hundred...
Energy suppliers crunch numbers: cashbacks and multi-year contracts under pressure
Energy suppliers are tightening their offerings and increasing prices in response to the conflict in Iran. Many providers are reducing cashback discounts and removing multi-year contracts from the mar...
Civil servants protest in The Hague over lack of pay rise
Approximately 3,000 Dutch civil servants demonstrated in The Hague on Tuesday to protest the lack of salary increases and inflation correction in their collective labor agreement. The FNV trade union ...
Ukraine reports new damage to Druzhba oil pipeline
Ukraine's Energy Minister Denys Shmyhal reported serious damage and a fire at the Druzhba oil pipeline following a Russian attack. The pipeline is used to transport Russian oil to several countries, i...
Judge finds ‘accidental’ €23 million bid on Hoofddorp ghost hotel implausible: ‘At own risk’
A real estate trader from Lelystad has lost six properties after a court rejected his claim that a 23-million-euro bid for the Hotelux Amsterdam Airport Hotel in Hoofddorp was a typing error. The judg...
Energy agency stands ready to stabilize oil market after price rise
The International Energy Agency (IEA) is prepared to intervene and stabilize the global oil market following price increases driven by the conflict in the Middle East. Member countries currently hold ...
Low income? Apply for a municipal tax waiver
Individuals and entrepreneurs with limited financial resources can apply for a waiver or reduction of their municipal taxes. Eligible applicants may be exempt from paying the tax entirely or only requ...
Experts sound alarm after study: Half of teens consume 90 sugar cubes a week from soft drinks
A new study reveals that teenagers aged 12 to 16 consume an average of 9.5 glasses of sugary drinks per week, with half of them reaching 16.5 glasses. Experts are urging the new government to implemen...
KLM cancels flights to and from Dubai and Saudi Arabia for an extended period
KLM has extended its flight cancellations to and from Dubai and Saudi Arabia until March 9 due to ongoing unrest in the Middle East. The airline had previously announced that flights were suspended th...
New AI certification gains ground: companies want to prove their AI is responsible
A new certification for responsible artificial intelligence is gaining traction among companies like CM.com and KPMG to verify the ethical standards of their software. The initiative aims to address c...
Deep red on stock markets, AEX plunges well below 1,000 points
European stock markets experienced significant declines on Tuesday, with the Amsterdam AEX index falling well below the 1000-point mark. Investors are concerned that rising energy prices linked to the...
Pump prices skyrocket due to Middle East unrest
Fuel prices in the Netherlands have increased following unrest in the Middle East, with gasoline prices rising by 3.3 cents and diesel by 9.5 cents. Market experts predict that these prices will conti...
Customers seek accountability after major data breach: Dozens of reports for potential Odido claim
Dozens of Odido customers have contacted consumer organizations, such as the Consumers' Association, to explore a mass claim following a significant data leak. These individuals are seeking legal acti...
European gas price rises another 16 percent due to Middle East unrest
European gas prices rose by 16 percent on Tuesday morning, reaching over 51 euros per megawatt-hour at the Amsterdam gas exchange. The price surge is attributed to ongoing geopolitical unrest in the M...
Oil prices continue to rise amid Middle East unrest
Oil prices continued to rise on Tuesday due to escalating conflict in the Middle East, including Israeli attacks on Hezbollah targets in Lebanon. The price surge is further driven by reports of Irania...
Prices rise 2.4 percent in February, same as in January
Consumer prices in the Netherlands rose by 2.4 percent in February compared to the previous year, matching the inflation rate recorded in January. Statistics Netherlands (CBS) notes that while the rat...
Pressure on Haarlem housing market eased slightly over the past four years
The pressure on the housing market in Haarlem has slightly decreased over the past four years, making it less overheated for potential buyers. Data released by area developer BPD indicates that while ...
Average home requires double the median income: Home ownership out of reach for many households
The Netherlands Bureau for Economic Policy Analysis (CPB) reports that an annual income of at least 96,000 euros, double the modal income, is now required to afford an average home. This makes homeown...
Election debate focuses on affordable housing: ‘Students can earn an extra 1000 euros this way’
Iran's Revolutionary Guard threatens force in Strait of Hormuz
A commander of the Iranian Revolutionary Guard has reiterated that the Strait of Hormuz is closed to traffic. He warned that any ships attempting to pass through the waterway will be set on fire, acco...
Eye Filmmuseum director steps down after 'implemented restructuring'
Bregtje van der Haak is stepping down as director of the Eye Filmmuseum in Amsterdam following a restructuring process driven by financial challenges and job cuts. The museum's board has appointed Joh...
Unfair and harmful: ‘motherhood penalty’ pushes women into a financially vulnerable position
Psychologist Thijs Launspach highlights the 'baby penalty,' a phenomenon where women often experience significant financial setbacks and career stagnation after having children. In contrast, men’s c...
Cabinet will not draft retirement age legislation for now
The Dutch cabinet has decided to temporarily halt the development of legislation intended to accelerate the increase of the retirement age. This decision follows a meeting with labor unions FNV, CNV, ...
BMW recalls thousands more cars in the Netherlands due to fire risk
BMW is recalling 4,233 vehicles in the Netherlands, specifically 5-series and 7-series models, due to a potential fire risk. This Dutch recall is part of a larger global action involving hundreds of t...