Economy News in English
Latest economy headlines from Dutch news, translated into English.
ING not yet halting Russian operations: sale falls through
Dutch bank ING has cancelled the sale of its Russian business operations, which was originally intended to facilitate its exit from the country. Despite previously announcing it would stop taking on n...
ATM blast at Amsteldijk hotel, bomb squad on site
An ATM bombing occurred at a hotel on the Amsteldijk in Amsterdam South around 5:00 AM. The Explosive Ordnance Disposal Service (EOD) and forensic investigators are currently examining the scene, whic...
Camping even more popular due to global unrest: High season already heavily booked
Camping is becoming increasingly popular in the Netherlands, leading to a rise in caravan sales and campsites being fully booked well in advance of the high season. Industry experts attribute this tre...
How a US customs declaration leads to frustration and confusion for Maria
Maria is facing frustration after being required to pay nearly 15 euros in import duties for a pair of socks sent as a gift from a friend in the United States. The high cost of these fees has turned a...
Crucial greening or subsidy trap? Debate over support for Tata Steel erupts
The Dutch House of Representatives is debating a proposed 2 billion euro subsidy aimed at helping Tata Steel transition to sustainable production methods. The potential funding has sparked significant...
Growing group on welfare needs more help to be able to work
A growing number of welfare recipients in the Netherlands face significant barriers to employment, such as debt and mental health issues, requiring more intensive support. Although the labor market ne...
Construction workers benefit from labor shortages: Wages rising faster than elsewhere
Collective labor agreement wages in the Netherlands rose by an average of 4.5% over the past year, resulting in a 2% real wage increase after accounting for inflation. According to the Central Bureau ...
The Tata debate on billions in subsidies is coming: here are the sticking points
The Dutch House of Representatives is scheduled to hold a six-and-a-half-hour debate this Tuesday regarding billions of euros in proposed subsidies for Tata Steel Netherlands. The discussion will focu...
Crowdfunding for TommyTomato to continue feeding 30,000 children, company flooded with positive reactions
A crowdfunding campaign has been launched to save the Haarlem-based school lunch delivery service TommyTomato from bankruptcy. The initiative aims to raise 35,000 euros to ensure the company can conti...
IKNL: Cancer in young adults has long-term consequences
Nearly 70,000 people in the Netherlands who were diagnosed with cancer as young adults over the past two decades continue to face long-term physical and social consequences. According to the Netherlan...
Energy company ONE-Dyas ramps up gas production from North Sea field with second well
Dutch energy company ONE-Dyas has increased gas production in the North Sea by activating a second production well at the N05-A platform. Located north of Schiermonnikoog, this addition allows the com...
Port of IJmuiden greener thanks to joint initiative
The 'Green in the harbor' project in IJmuiden is starting to show positive results a year after its launch. This joint initiative aims to make the port area more sustainable and environmentally friend...
Hillegom makes swimming accessible for children from low-income families with free slide passes
The municipality of Hillegom is offering free summer swimming passes to children from low-income families to ensure they can access the De Vosse outdoor pool. The facility, which reopens in two weeks,...
Giethoorn feels impact of war: Asian tourists stay away, businesses hope for Europeans
Giethoorn is experiencing a decrease in tourists from Asia and the Middle East this Easter weekend due to the impact of the war. Local business owners are hoping that an increase in European visitors ...
Israel claims attack on Iranian South Pars installations
Israeli Defense Minister Israel Katz announced a significant military strike on Iran's South Pars gas and petrochemical facilities near Asaluyeh. The attack targeted what is described as Iran's most v...
Gas expensive, flight tickets expensive, holiday homes expensive... where to go on vacation?
Dutch recreation entrepreneurs and travel organizations are facing significant uncertainty due to rising fuel costs and increased taxes on vacation homes. Geopolitical instability in the Middle East a...
Tickets for Southeast Asia's largest budget airline significantly more expensive due to Iran war
AirAsia X, Southeast Asia's largest budget airline, is raising ticket prices by 40% and eliminating unprofitable routes to mitigate the financial impact of the conflict in the Middle East. The Malaysi...
Do you like sending and receiving cards and letters? Would you pay extra for fast delivery? Let us know
Starting next summer, postal delivery in the Netherlands will take longer to arrive. The article seeks reader feedback on their mail habits and whether they are willing to pay extra for faster service...
Cheaper electric cars in demand due to high oil prices
Sales of second-hand electric cars in Noord-Holland have tripled in a year as high oil prices drive consumers toward more affordable transportation. Dealerships report a significant increase in demand...
Cycling, coasting or driving electric: there are many ways to reduce fuel consumption
Following a call for reader suggestions, this article compiles various methods for reducing fuel consumption, such as cycling, coasting, and switching to electric vehicles. It highlights unique and pr...
Source: Iran won't reopen Strait of Hormuz yet despite ceasefire
Iran has stated it will not reopen the Strait of Hormuz to shipping traffic as part of a temporary ceasefire agreement. A high-ranking Iranian official told Reuters that Tehran believes the United Sta...
Skippers stop filling tanks as prices skyrocket: ‘Otherwise I’d have to take out another mortgage’
Fuel prices for inland shipping in the Netherlands have doubled in just a few weeks, significantly increasing operating costs for skippers. Many in the sector are struggling to cope with the surge, fe...
Living on 11 square meters for 100,000 euros: It’s not your own home, it’s just a tiny room
An 11-square-meter room in Amsterdam's De Baarsjes neighborhood is being offered for sale for nearly €100,000, requiring a cash purchase as mortgages are not available for such shared units. Amsterd...
You can't just be evicted from your rental home: 'You have strong rights'
A record number of rental homes were sold in the Netherlands last year as new regulations made renting them out less profitable for landlords. Despite increasing pressure on tenants to vacate properti...
Complaint to European Commission over proposed state aid for Tata Steel
The legal organization Advocates for the Future is filing a complaint with the European Commission regarding the Dutch government's proposed multi-billion euro subsidy for Tata Steel. The jurists argu...
PSV are champions again and the economy keeps growing: what is Eindhoven's secret?
PSV has secured another national football championship title as the economy in the Eindhoven region continues to thrive. Over the past twelve years, the economy around Eindhoven has grown twice as fas...
Trump gives Iran until Tuesday night to open Strait of Hormuz
US President Donald Trump has set a Tuesday evening deadline for Iran to reopen the Strait of Hormuz. In an interview with The Wall Street Journal, Trump threatened to destroy Iranian infrastructure, ...
Manager Marieke was at Mariëtte’s desk for every little thing: ‘Still, I kept helping every time’
Career coach Anne-Marije Buckens explains how initial workplace labels can limit professional growth, particularly for employees over 50. Using the experience of an employee named Mariëtte, she illus...
Iran war also hits fertilizer production: ‘It could become dire’
The conflict in Iran is impacting global fertilizer production alongside oil and gas exports, creating potential risks for farmers and consumers worldwide. Experts from Wageningen University indicate ...
69 percent of young people find festivals ‘too expensive’: free water and saving as solutions
A Rabobank study indicates that 69 percent of young people find festival tickets too expensive, contributing to slower ticket sales for major events like Lowlands and Zwarte Cross. To manage rising co...