Economy News in English
Latest economy headlines from Dutch news, translated into English.
Italian woman (33) scammed out of €4,400 over Amsterdam rental: ‘I have no rights in this country’
Daniela Masciari, a 33-year-old Italian woman, was scammed out of nearly €4,400 after paying a fraudulent realtor for a rental property in Amsterdam that was already occupied. After being turned awa...
Dutch drivers not flocking across the border for fuel: ‘Effect much smaller than expected’
A study by ABN Amro reveals that only a small percentage of Dutch drivers regularly cross the border to Belgium or Germany for cheaper fuel despite high domestic prices. The findings suggest that the ...
UN: Gaza needs $71.4 billion for recovery
A United Nations and European Union report estimates that the reconstruction of Gaza will cost $71.4 billion over the next decade. The analysis indicates that $26.3 billion is needed within the first ...
Higher petrol prices drive more border region motorists to Belgium
Higher fuel prices in the Netherlands, which are up to 55 cents more per liter than in Belgium, are driving motorists in border regions to refuel across the border. This price disparity has resulted i...
Schools sound the alarm over homeless students: ‘Children are being destroyed’
Schools in the Netherlands are reporting an increasing number of homeless students who are suffering due to the ongoing housing shortage. According to data from the Youth Education Fund, teachers are ...
Milieudefensie launches new climate lawsuit against Shell over oil and gas fields
Milieudefensie has launched a new climate lawsuit against Shell, demanding that the company stop drilling for new oil and gas fields. This legal action follows a recent appeal in a previous case where...
Apple CEO Tim Cook steps down and is succeeded by John Ternus
Tim Cook is stepping down as CEO of Apple and will be succeeded by John Ternus in September. Ternus currently serves as the head of the company's hardware division.
Rat poison put in baby food in attempt to extort German manufacturer
Rat poison found in HiPP baby food jars was intentionally added as part of an extortion attempt against the German manufacturer. The Austrian police issued a public warning regarding the contaminated ...
Government insists no one is profiting from sky-high fuel prices
The Dutch cabinet maintains that neither oil companies nor the national treasury are profiting from high fuel prices. Consequently, the government has decided against implementing measures to skim off...
After King's Day 'extreme disruption' around A10 South and at South station
Major traffic and train disruptions are expected around Amsterdam's A10 South and Station Zuid following King's Day due to construction on the Zuidasdok project. Commuters face significant lane closur...
Experts highly critical of government welfare cuts
Experts in the Dutch House of Representatives criticized a government plan to cut social assistance funding by reducing proactive outreach to eligible individuals. The cut was intended to offset a def...
Dangerous substances found in products promising a better sex life
The Netherlands Food and Consumer Product Safety Authority (NVWA) has issued a warning after discovering dangerous substances in products marketed to enhance sexual performance. These substances pose ...
Cabinet explains in fine print why it is avoiding major interventions for now
The Dutch cabinet is opting for targeted measures like subsidies and tax cuts to manage the energy crisis instead of implementing large-scale interventions. This approach aims to address the situation...
Online gambling market shrinks due to stricter rules, but illegal gambling rises
The Dutch online gambling market has seen a decline in revenue following the implementation of stricter play limits, according to the Netherlands Gambling Authority (Ksa). While legal gambling activit...
Energy companies support government energy measures
Dutch energy companies, represented by industry association Energie-Nederland, have expressed support for the government's recently announced energy measures. The association praised the focus on sust...
Delay of 150 youth housing units over a single parking space leads to new setback as construction costs rise
The construction of approximately 150 youth apartments along the Spaarndamseweg in Haarlem has been delayed due to a parking space shortage, resulting in higher rents to cover increased building costs...
Transport sector dissatisfied with government support package
The Dutch transport sector, represented by TLN, has criticized the government's support package for high fuel prices as being insufficient to cover rising costs. Although road taxes for trucks will be...
Mass claim against Odido could be settled ‘within a year’: ‘Company may choose to settle’
A mass claim has been filed against Dutch telecom provider Odido, which a legal expert suggests could be resolved within a year if the company opts for an early settlement. Although such legal procedu...
Drama school De Trap won't have to close: over 130,000 euros raised
Theaterschool De Trap in Amsterdam has successfully raised over €131,000 through a crowdfunding campaign, preventing the 40-year-old institution from permanent closure. The funds will be used to set...
How the largest ship ever built in the Netherlands—mammoth tanker Melania—sustained damage in the North Sea Canal in 1968
In 1968, the Melania, then the largest ship ever built in the Netherlands, sustained damage while navigating the North Sea Canal. The article provides historical context on the strategic importance of...
The Dutch want nuclear energy and this new state company will manage it, 100 people already employed
A majority of Dutch citizens now support the expansion of nuclear energy, leading the government to establish a new state-owned company to manage the construction of new power plants. The organization...
Herbert on energy package: No one thinks it's finished yet
Minister Heleen Herbert of Economic Affairs and Climate stated that the government’s work on the energy measures package is not yet complete. She emphasized that weekly discussions with various sect...
GL-PvdA deems energy package insufficient, announces plans
Jesse Klaver, leader of the GroenLinks-PvdA coalition, has criticized the government's energy compensation package as insufficient for ordinary citizens. He announced that his party will soon present ...
EU unveils plans to tackle energy crisis including remote work and efficient driving
The European Union is proposing measures such as remote work and fuel-efficient driving to address the current energy crisis. According to internal documents, the plans also involve coordinating aviat...
Brussels calls talks with incoming Hungarian government constructive
The European Commission described initial talks with the incoming Hungarian government as constructive and positive. These discussions serve as a starting point for releasing EU funds intended for the...
Environmental groups find government energy measures insufficient
Dutch environmental organizations Milieudefensie and Natuur & Milieu have criticized the cabinet's energy measures for failing to significantly reduce dependence on oil and gas. The groups argue that ...
Housing Minister to accelerate home construction and relax rental laws
Housing Minister Elanor Boekholt-O'Sullivan has proposed plans to accelerate housing construction and relax rental laws to increase the available housing supply. These proposals were detailed in a for...
Cabinet allocates over 950 million euros for energy measures
The Dutch cabinet has allocated over 950 million euros to mitigate rising energy prices for citizens, businesses, and farmers. The package includes 627 million euros in direct aid and 340 million euro...
Mileage allowance up, motor vehicle tax down: these are the government's energy measures
The Dutch cabinet is increasing the tax-free kilometer allowance for employees by two cents while significantly reducing motor vehicle taxes for vans and trucks. These changes will be financed by redu...
Minister adjusts rules: rents allowed to rise again in many cases
Minister of Housing Elanor Boekholt-O’Sullivan is relaxing rent moderation rules, which will lead to higher housing costs for many tenants. The changes will allow landlords to increase rents for var...