Business News in English
Latest business headlines from Dutch news, translated into English.
Households spend smaller share of income on taxes, especially pensioners
Dutch households are paying a smaller percentage of their gross income toward taxes and social security contributions compared to 2011. Pensioners currently face the lowest tax burden, while single-ea...
Morning rush hour remains quiet despite public transport strike
A nationwide public transport strike has led to a surprisingly quiet morning commute, as many workers adjusted their schedules or worked from home. Despite minor incidents on the A10 and A8 motorways,...
Rising oil prices make humanitarian aid more expensive: 'This costs children's lives'
Surging oil prices are significantly increasing the cost of delivering humanitarian aid, forcing organizations to reduce their reach or sacrifice essential services. Higher fuel costs for transportati...
Drought causes significant drop in freight transport on Dutch rivers
Historic low water levels in Dutch rivers during the summer caused a major decline in inland shipping, with cargo volumes dropping nearly 19 percent in August. The crisis particularly impacted interna...
58 flights at Schiphol cancelled due to UK air traffic control failure
A technical failure at the UK's National Air Traffic Service has led to the cancellation of 58 flights at Amsterdam Airport Schiphol. KLM has suspended all flights to and from England as the situation...
Wero is coming, but there are fears of higher costs
The Wero payment system is set to replace iDeal in the Netherlands next month, promising better consumer protection and European independence from American providers. While the transition offers new f...
French champagne production nearly halved due to extreme weather
Extreme heat and drought have significantly reduced France's wine production to one of the lowest levels in three decades. The struggling agricultural sector is also facing economic headwinds from dec...
Uganda becomes the world's newest oil exporter
Uganda has officially begun exporting its crude oil, marketed as Pearl Sweet, with production expected to ramp up significantly over the next three years. The project utilizes the new East African Cru...
Economic growth in the Amsterdam region no longer guaranteed, situation requires 'drastic choices'
Economic growth in the Amsterdam region is slowing significantly due to infrastructure constraints, labor shortages, and geopolitical risks. The region must now navigate difficult trade-offs regarding...
Economic growth of the Amsterdam Metropolitan Area no longer a given
The Amsterdam Metropolitan Area is facing significant challenges to its economic growth due to labor shortages, grid capacity issues, and limited space for housing and business development. These cons...
German supermarket Kaufland launches online marketplace in the Netherlands
German supermarket chain Kaufland has expanded its operations into the Netherlands with the launch of an online marketplace featuring nine million products from thousands of vendors. This digital plat...
ABN Amro: high tourist tax will further reduce number of business overnight stays
Business overnight stays in Amsterdam have dropped by 38 percent since 2019, with experts warning that further increases in tourist taxes will continue to harm the sector. High tax rates are driving u...
Sugar prices rise sharply due to lower production and extreme weather
Sugar prices are surging globally due to reduced production caused by drought, extreme weather, and the impact of El Niño on major producing regions. Consumers are expected to experience these price ...
Gideon Italiaander in court to prevent closure of Aalsmeer shop: 'I am about to lose everything'
Amsterdam entrepreneur Gideon Italiaander is challenging a municipal order to close his shop in Aalsmeer after authorities discovered prohibited items on the premises. He argues that the closure is an...
No buses, trams, metros or ferries due to major public transport strike: "This is a desperate measure"
Public transport workers across the Netherlands are launching a nationwide strike to protest proposed social security cuts that they argue unfairly penalize those in physically demanding jobs. As a re...
ASML begins construction of new campus for twenty thousand people
ASML has begun construction on a new campus in the Netherlands, a project supported by the government under Project Beethoven to secure the future of the local chip industry. The facility is expected ...
Tax deficit is rising, Nina keeps withdrawing money from her account
Self-employed entrepreneur Nina has accumulated an 8,000 euro deficit in her tax account due to a habit of using tax funds to cover personal and business expenses. She is now working to stabilize her ...
From Taylor Swift to Leonardo DiCaprio: how the Honey Deuce became the ultimate US Open status symbol
The Honey Deuce has become a signature status symbol at the US Open in New York, generating over 17 million dollars in sales last year. The cocktail, featuring distinct melon spheres resembling tennis...
Wars increasingly put international shipping under pressure
The Consultative Shipping Group has warned that geopolitical conflicts and the rise of an uninsured shadow fleet are threatening the stability of global maritime trade. Consequently, businesses are in...
Vlaams Belang may not simply use IKEA brand for campaign
The European Court of Justice has ruled that the political party Vlaams Belang cannot claim freedom of expression to justify using IKEA's branding for its immigration policy campaign. The court stated...
In Amsterdam it wasn't gold that glittered in the past, but diamonds
Amsterdam was historically the center of the diamond processing industry, establishing a strong reputation and generating significant wealth. The city became a global hub for the craft, solidifying it...
Peter van der Vorst leaves DPG Media: 'That not all choices worked out equally well is part of it'
Peter van der Vorst has resigned from his position at DPG Media to pursue new opportunities after taking a sabbatical. During his previous leadership at RTL, he was credited with the success of Videol...
Director and former RTL presenter Peter van der Vorst leaves DPG Media
Peter van der Vorst is resigning as program director at DPG Media after a seven-year tenure overseeing RTL Nederland and Videoland. He plans to take time off before exploring new career opportunities,...
Pokémon cards stolen in burglary at Zwanenburg hair salon
Burglars broke into a hair salon in Zwanenburg early yesterday morning to steal a stock of collectible Pokémon cards. The suspects remain at large as police investigate the theft and search for witne...
Growth of solar panels stalls: yields increasingly under pressure
Solar panel growth in the Netherlands is slowing due to the upcoming removal of net-metering benefits and new fees charged by energy suppliers. Furthermore, grid congestion is hindering the developmen...
Gas and go: gas station owners report more fuel theft
Gas station operators are facing a notable rise in incidents where drivers leave without paying for fuel, an increase attributed partly to high costs. While some cases are accidental, data shows a sig...
Brussels wants to move away from lowest-price tendering; greening and innovation to carry more weight
The European Commission is introducing new rules for public procurement that move away from prioritizing the lowest price in favor of quality, sustainability, and innovation. This shift aims to utiliz...
Amsterdam loses 38 percent of its highly sought-after business hotel guests: ‘Bad for the business climate’
Research from ABN Amro reveals that Amsterdam has lost 38 percent of its business hotel guests. Although tourists are filling the resulting vacancies, they generally spend significantly less than corp...
Fed up with your job after two weeks in the sun? That's not so crazy
Many employees frequently reconsider their career paths after returning from summer vacations, leading to a surge in job applications during September and October. Experts advise against immediately s...
New York has Apollo Bagels, Amsterdam has Wakuli and Pizza Beppe: how small chains are making neighborhoods look more and more alike
Neighborhoods in cities like New York and Amsterdam are becoming increasingly similar due to the growth of small-scale, boutique retail chains. These former independent shops are expanding across popu...