Economy News in English
Latest economy headlines from Dutch news, translated into English.
IMF fears worst year for global economy since start of pandemic due to Middle East war
The IMF warns that the global economy may face its worst performance since the start of the COVID-19 pandemic due to the ongoing conflict in the Middle East. Citing high uncertainty regarding the dura...
Haarlem almost got the trolleybus: costs too high and Heemstede fiercely opposed
In 1945, a proposal was made to replace Haarlem's tram system with electric trolleybuses, which would have provided quiet and clean public transport decades ago. However, the plan was ultimately rejec...
Petrol prices rise further in Belgium, but filling up remains cheaper than in the Netherlands
Gasoline prices are continuing to rise in both Belgium and the Netherlands. Despite the increase, refueling remains more affordable in Belgium according to data from the Belgian Federal Public Service...
Iraq has agreements with US and Iran on Hormuz blockade
Iraq's Ministry of Oil has reached agreements with both Iran and the United States to ensure the continued transport of Iraqi oil through the Strait of Hormuz. Although specific details were not discl...
Council of State critical of Jetten cabinet's financial choices
The Dutch Council of State has criticized the financial policies of the Jetten cabinet, stating that current decisions are insufficient to address future economic challenges. Additionally, the advisor...
European aviation urges Brussels for emergency measures
European airlines have urged the European Union to implement emergency measures in response to the ongoing conflict in the Middle East. The industry is seeking intervention from Brussels to mitigate t...
Button shop celebrates 40 years; owner Thea (74) cannot find a successor
Thea de Boer’s specialized button shop on Amsterdam's Herengracht is celebrating its 40th anniversary while facing an uncertain future due to rising rents and a lack of successors. Despite the shop'...
Brussels approves Dutch state aid package to reduce cow numbers
The European Commission has approved a state aid package of over 600 million euros for the Netherlands to support dairy farmers who voluntarily reduce their livestock. The funding will be distributed ...
Lufthansa staff strike again, many delays and cancellations expected
Lufthansa cabin crew members are scheduled to strike this Wednesday and Thursday to demand improved working conditions. The industrial action is expected to lead to significant flight delays and cance...
Significant drop in oil demand expected, more risks for Dutch economy
The International Energy Agency expects oil demand to experience its largest decline since the pandemic. Meanwhile, Dutch regulators are warning that these global trends pose increased risks to inflat...
Hormuz coalition leaders to discuss reopening strait Friday
Leaders of the 'Hormuz coalition' are set to meet this Friday to discuss reopening the Strait of Hormuz following an Iranian blockade. Dutch Prime Minister Rob Jetten is expected to participate in the...
Environmental group wants to stop climate project: does carbon storage delay the green transition?
The environmental organization MOB has challenged a carbon capture and storage project at the Dutch Council of State, arguing it may prolong dependence on fossil fuels. The group claims that storing i...
Record passenger numbers at Eindhoven Airport as revenue increases
Eindhoven Airport saw a record-breaking nearly seven million passengers travel through its gates last year. This increase in passenger volume resulted in higher turnover and profit for the airport.
May holiday turned out to cost 5,800 euros: ‘we did it because everyone else does’
A Dutch couple, Marjolein and Remco, consulted a budget coach after spending 5,800 euros on a one-week flight vacation during the May school holidays. They admitted they booked the expensive trip due ...
Same Ziggo network, different label: hollandsnieuwe enters fixed internet and TV
Dutch provider hollandsnieuwe has expanded its services to include fixed internet and television via the Ziggo cable network. This move introduces a second brand to the cable infrastructure, utilizing...
Founder of Chinese real estate giant pleads guilty to fraud and bribery
The founder of the Chinese real estate giant Evergrande has pleaded guilty to charges of fraud and bribery. He is accused of fabricating billions in revenue prior to the company's 2021 collapse, an ev...
Oil price does not yet reflect severity of crisis, says energy agency chief
The Director of the International Energy Agency (IEA) has warned that current oil prices do not yet reflect the full severity of the global energy crisis. He expects this situation to change soon and ...
This company hired nearly a hundred female technicians in a short time: ‘It was quite simple’
Technical service provider Hoppenbrouwers has successfully recruited nearly 100 female technicians, addressing the significant gender gap and labor shortages in the Dutch technical sector. While women...
More late payers identified, but assistance often fails to get off the ground
Health insurers and utility companies are increasingly reporting residents with late payments to Dutch municipalities to trigger early intervention. However, many local governments are struggling to k...
Security at De Pijp seaport delayed, Beverwijk seeks cooperation with IJmuiden
Security upgrades for the De Pijp seaport in Beverwijk are facing delays according to a municipal progress report. Due to the upcoming retirement of the current harbor master, the municipality is also...
EU imposes higher import tariffs on steel from outside the union
The European Union has agreed to implement higher import duties and lower quotas on steel imported from outside the bloc. These measures, finalized by the European Parliament and Council, are designed...
Pressure mounts due to Germany, but additional excise duty cut seems far off
The Dutch government is currently resisting calls from gas station owners to lower fuel excise duties, despite recent tax cuts in neighboring Germany. While political pressure is mounting, the cabinet...
Home batteries appeal to solar panel owners. Strong interest in Energiek Velsen meetings
As feed-in compensation for solar power is set to diminish next year, interest in home battery storage has surged among residents in Velsen. Information sessions organized by the local group Energiek ...
Iran warns of energy crisis escalation due to US blockade
The Iranian Ministry of Defense warned that the global energy crisis could escalate due to the U.S. blockade of seas surrounding Iran. A spokesperson stated that President Donald Trump's actions are f...
What does the speed camera marathon actually achieve? And four other questions
Police across Europe are conducting a week-long speed enforcement operation, deploying approximately 15,000 officers to identify and fine speeding drivers. While the initiative aims to improve road sa...
Hengelo company and German defense giant to build missiles together
German technology group Rheinmetall and the Hengelo-based company Destinus have partnered to establish a joint venture for the large-scale production of modern missiles. The weapons will be manufactur...
Hollywood stars oppose Warner Bros. takeover in letter
Over a thousand members of the American film and television industry, including several Hollywood stars, have signed a letter opposing the takeover of Warner Bros. Discovery by Paramount Skydance. The...
Magyar reaches out to Ukraine and Europe
Following his election victory, Hungarian Prime Minister-elect Péter Magyar announced that his government will no longer block EU financial aid to Ukraine. However, Magyar clarified that Hungary cann...
French cement company found guilty of financing terrorism in Syria
The French cement company Lafarge has been found guilty of financing terrorist organizations, including ISIS, by paying 5.6 million euros during the Syrian civil war. This landmark ruling represents t...
Booking.com hackers did not steal payment details and addresses
A data breach at Booking.com compromised customer contact information, email addresses, and certain booking details, though financial and payment data remained secure. A company spokesperson confirmed...