Business News in English
Latest business headlines from Dutch news, translated into English.
Six bedrooms and a view of Vondelpark: most expensive house in Amsterdam for sale
The most expensive home in Amsterdam, a villa on the Oranje Nassaulaan near Vondelpark, has been listed for sale at 20 million euros. The property features extensive living space, six bedrooms, and a ...
Uniqlo owner closes in on H&M and eyes Zara's throne
Fast Retailing, owner of Uniqlo, is aiming to surpass Inditex as the world's largest clothing retailer after reporting strong annual revenues. The company is actively expanding its European footprint,...
AI is changing the workplace but will not lead to mass unemployment
Recent research from the AWVN indicates that 95 percent of employers are now using AI, primarily to increase efficiency rather than to reduce their workforce. While experts anticipate that some job fu...
Is the hazelnut a way out of the nitrogen crisis? ‘These little trees need just as much love as my cows’
Dairy farmer Jan van der Veen is transitioning his agricultural production from milk to hazelnuts to address nitrogen emission concerns. He reports that his new hazelnut operation successfully produce...
Just Eat Takeaway orders rise for first time in 4.5 years
Just Eat Takeaway has recorded its first rise in order volume in over four years following strategic investments by parent company Prosus. The firm reports growth in its user base and plans to continu...
Using electricity at night can save money: ACM wants power rates to depend on the time of day
The Dutch Authority for Consumers and Markets (ACM) is proposing time-based electricity transport tariffs to reduce peak grid pressure. By encouraging consumers to use electricity during off-peak hour...
Small households could save 200 euros by using time-of-use electricity tariffs
The Dutch regulatory authority ACM will introduce variable electricity transport tariffs in 2029 to manage peak grid demand. Small households could save up to 200 euros per year by shifting usage to o...
New in Amsterdam: friends Bas, Teun and Daan open bakery and coffee roastery KAF
Three friends named Bas, Teun, and Daan have opened KAF, a new bakery and coffee roastery located on the Prinsengracht in Amsterdam's Jordaan district. The shop specializes in house-made sourdough, ar...
Dutch online stores take on scammers and fake webshops
The number of victims of fake webshops in the Netherlands has risen to 1.2 million, prompting industry group Thuiswinkel.org to launch a new monitoring system to detect and block fraudulent sites. Whi...
More rabbits needed to unlock nitrogen gridlock in Rotterdam port
Authorities are initiating a massive ecological restoration project in dunes around the Port of Rotterdam to combat a long-standing nitrogen permit deadlock. By improving habitat conditions and suppor...
House prices exceed half a million, but buyers have more choice again
Dutch house prices reached an average of 503,000 euros in the third quarter, a slight increase amid a 24 percent rise in available housing supply. Despite more properties being on the market, sales re...
Sharp rise in homes for sale, but concerns over ‘mismatch’ and ‘shrinkflation’ in new construction
The Dutch housing market has seen a substantial increase in both existing and new-build home listings, offering buyers more negotiation room and choice. However, sales for new construction projects ar...
Homes stay on the market longer: "Buyers are acting more cautiously"
Homes in Amsterdam are spending more time on the market as buyers become increasingly selective due to higher mortgage rates and shifting economic conditions. Although the supply of available properti...
Essent expands services with fast charging for electric cars
Essent is becoming a major provider of public fast-charging for electric vehicles in the Netherlands by rebranding 79 locations and 370 charging points. The expansion, achieved through a collaboration...
Oil prices rise after multiple tanker attacks in Strait of Hormuz
At least twelve attacks on tankers in the Strait of Hormuz between late September and early October have caused shipping traffic to plummet to a two-month low. The resulting supply chain disruptions h...
Consumers spend more on durable goods such as cars and home furnishings
Dutch households increased their spending on food and services in August, though consumption of other goods like fuel experienced a slight dip. However, economic sentiment shifted in September as both...
Construction group BAM acquires contractor A.Hak
Construction firm BAM has announced the acquisition of A.Hak for over 500 million euros to expand its energy and water infrastructure capabilities. The deal is expected to be finalized by the first qu...
BAM acquires underground infrastructure construction company A.Hak
Construction company BAM has acquired A.Hak, a specialist in underground infrastructure, in a deal valued at over 500 million euros. This acquisition allows BAM to broaden its service offerings and te...
Electric cars are driving further into Europe, but watch out for hidden costs in France
Dutch electric vehicle drivers are increasingly traveling further across Europe, but the ANWB warns that hidden costs like blocking fees remain a problem in countries such as France. Drivers are advis...
Kasper Dolberg's departure is a sporting and especially financial blow
Ajax forward Kasper Dolberg has suffered a torn cruciate ligament, ending his second period with the club. This injury represents a major financial and sporting setback for the Amsterdam team, which h...
Vinted packages arrive late or at different locations when delivery system is full
Vinted is experiencing capacity issues within its VintedGo locker network, leading to shipment delays and the rerouting of packages to alternative pickup locations. To address the problem, the company...
NAM pays out large sums to Shell and ExxonMobil shareholders despite agreements
The NAM has distributed 1.43 billion euros to shareholders Shell and ExxonMobil, causing its solvency to fall below the 25 percent threshold agreed upon with the government. This financial buffer is e...
Oil stocks to be released faster, with diesel prioritized for the market
The IEA is accelerating the release of strategic oil reserves, prioritizing diesel to stabilize markets amid rising global energy prices. Member states have already released 325 million barrels to mit...
Demand for affordable and sustainable funerals grows: 'Just put me in a cardboard box'
The funeral industry in the Netherlands is preparing for a shift in consumer demand toward more affordable and environmentally friendly burial options. As part of this transition, the sector is explor...
Shell profits from nearly doubled oil refining margins
Shell is experiencing record profit margins as the price gap between crude oil and refined fuels has reached unprecedented levels due to global supply shortages. While high shipping costs and logistic...
Private rental market out of reach for average earners due to high income requirements: 'Hopeless'
Many Dutch households are currently priced out of the private rental market due to high average rents and strict income requirements imposed by landlords. With rental costs often exceeding 1,900 euros...
Amazon Prime Video secures global streaming rights for the Emmys
Amazon Prime Video has secured the exclusive global rights to stream the Emmy Awards starting in 2027, replacing the traditional rotation system used by American networks. The ceremony will be availab...
Jaguar presents new electric car in higher price range
Jaguar has introduced the Type 01, an ultra-powerful electric luxury sedan capable of reaching 96 kilometers per hour in 3.2 seconds with a 720-kilometer range. Set to launch in early 2027 for approxi...
Singer Loona wins royalty case over her cover of Vamos a la Playa
Singer Loona has won a royalty lawsuit regarding her cover of the song Vamos a la Playa after a court ruled that the relevant payment agreement had expired. The court found that the plaintiff, a studi...
Is Rob Jetten counting his chickens before they hatch? The polder agreement could still fail
The Dutch government is engaging in negotiations with unions, but significant risks remain regarding the potential failure of these discussions. Concerns have emerged that the proposed plans could ina...