Economy News in English

Dutch Tesla owner goes viral with damage claim: ‘Friends say: do you realize who you’re taking on?’

Dutch Tesla owner Mischa Sigtermans is pursuing a claim against the company after paying 6,400 euros for self-driving software that is incompatible with older vehicle models. Despite recent approval f...

Public heating company closer through partnership with Diemen, significant funding still needed

Amsterdam, Alliander, and EBN have reached new agreements to establish a public heat company, with the municipality of Diemen joining the initiative to improve financial viability. The project aims to...

Deposits, no mess: Amsterdam students create ‘TwinBin’ with compartment for deposit cans

Frankfurt Airport sees decline in passenger numbers to Middle East

Frankfurt Airport has experienced a significant decline in passenger numbers traveling to the Middle East over the past month. This decrease is attributed to the ongoing conflict between Iran and the ...

Highway traffic flow improves, but pressure on road network grows

Traffic volume on Dutch highways has returned to pre-pandemic levels, though flow improved in 2025 thanks to road expansions. However, Rijkswaterstaat notes that aging infrastructure like bridges and ...

Sales of efficient heat pumps rise due to high gas prices: 'Mainly a surge in air conditioners'

Heat pump sales in the Netherlands saw a significant increase in March following a slow start to the year, as high gas prices drive households to seek energy savings. The Heat Pump Association reports...

ING and EIB make €800 million available to SMEs for sustainability

ING and the European Investment Bank (EIB) are providing 800 million euros in loans to small and medium-sized enterprises in the Netherlands and Belgium. These funds are specifically intended for busi...

Aging workforce and rise in e-bikes: bicycle repairs can take weeks

Bike repair shops are experiencing wait times of several weeks due to an aging workforce and the increasing complexity of e-bike technology. Growing demand and a shortage of mechanics mean that same-d...

ASML receives more orders and expects higher revenue in 2026

Chip machine manufacturer ASML reported a high volume of orders in the first quarter of the year as demand for chips continues to outpace supply. The Veldhoven-based company expects to see increased r...

Teachers, lawyers and managers busy with work

Nearly three-quarters of employees in the Netherlands report that their jobs require high levels of focus and attention. Teachers, lawyers, and managers are the professions most affected by these dema...

Heat pump sales picking up, but hybrid pumps lag behind

Heat pump sales increased last year, but uncertainty remains about whether this upward trend will continue. Market researchers suggest that a prolonged energy crisis could drive future sales, though t...

WSJ: US intercepted 8 Iran-linked tankers since blockade

US naval units have intercepted eight oil tankers linked to Iran since the start of the blockade of the Strait of Hormuz. According to The Wall Street Journal, these interceptions occurred as the vess...

Sanctioned tanker unable to pass US blockade in Strait of Hormuz

The U.S.-sanctioned tanker Rich Starry returned to the Strait of Hormuz on Wednesday after failing to bypass a U.S. blockade. Shipping data shows the vessel was forced to turn back as part of enforcem...

More trouble in benefits scandal settlement: now freelancers hit

Around 650 self-employed workers who assisted with the Dutch childcare benefit scandal face tax penalties of up to 10,000 euros after being classified as "bogus self-employed." The Dutch cabinet has w...

Daniel (22) found a room on the Prinsengracht for €400, but: ‘Photos didn't match the place’

Jetten reveals nothing yet on mitigating impact of Iran war

Prime Minister Rob Jetten has declined to provide details on potential government measures intended to mitigate the economic impact of the war in Iran on Dutch citizens. While a support package worth ...

Threat of lawsuit between Van Gogh Museum and ministry over subsidy averted for now

Why Amsterdam wants its own heating company: ‘The market is no longer doing it’

Trees to be removed from Zijlstraat due to falling shop values: 'This really affects me'

Three linden trees in Haarlem's Zijlstraat will be removed this Thursday after the municipality lost a lawsuit against a property owner. The legal ruling found that the trees obstructed the view of sh...

Renault to lay off up to 20% of technical staff over next two years

Renault plans to lay off between 15% and 20% of its technical staff over the next two years. The French automaker aims to simplify its production processes through these workforce reductions.

Cabinet announces support package of up to 1 billion euros to mitigate impact of war

The Dutch cabinet will announce a support package of up to 1 billion euros on Monday to mitigate the economic impact of the war in Iran. The measures include an increase in the untaxed travel allowanc...

Booking.com silent on extent of hack, email addresses and phone numbers likely leaked

Booking.com is currently assessing the scale of a data hack that likely exposed user email addresses and phone numbers. The company is in contact with data protection authorities, though specific deta...

Europe takes Trumpian measures to support steel industry

The European Commission is implementing quotas, import tariffs, and state aid to support the European steel industry. These protectionist measures mirror strategies previously used by the United State...

Parking no longer free in Gein: "I'll have to pay, because I don't want that fine"

The neighborhood of Gein has become the final area in Amsterdam-Zuidoost to transition from free to paid parking this week. While some residents are unhappy with the new permit costs for multiple vehi...

Nieuw-West replaces old hotel with housing and new luxury hotel at Osdorpplein

Food safety not up to standard at over two-thirds of fish shops

A recent inspection by the Netherlands Food and Consumer Product Safety Authority (NVWA) found that more than two-thirds of fish shops failed to comply with food safety regulations. The most frequent ...

Fossil fuel phase-out summit approaches, expectations diverge

The Netherlands and Colombia are co-hosting the first international conference on phasing out fossil fuels at the end of this month in Santa Marta, Colombia. Ministers from approximately fifty countri...

Tata and works council reach agreement on innovation department, legal action avoided

Tata Steel Nederland's management and the Central Works Council reached an agreement on Tuesday regarding budget cuts for the PQI innovation department. As a result of this settlement, the planned leg...

Police release images of man posing as bank employee who withdrew thousands in IJmuiden and Amsterdam

Police have released surveillance footage of a suspect who allegedly posed as a bank employee to defraud victims of thousands of euros. The man was recorded using stolen bank details to withdraw cash ...

IMF warns of global recession if Middle East war escalates

The International Monetary Fund (IMF) warns that a global recession is highly likely if the conflict in the Middle East escalates and keeps oil prices above $100 per barrel through 2027. This economic...