Economy News in English
Latest economy headlines from Dutch news, translated into English.
Large-scale fraud by transport company forcing drivers to work up to 20 hours
A transport company has been found guilty of large-scale fraud after a two-and-a-half-year investigation into its driver registration practices. At least twelve truck drivers used the cards of eightee...
Moerdijk may remain after all: new port expansion option on the table
The Dutch government is considering a reduced expansion of the port and industrial area near Moerdijk, which could allow the village of Moerdijk to remain. This development follows a statement from th...
Oliebollen and Christmas tree sellers relieved: ‘I feared we would lose what we had built up’
Subsidy for reuse plans
The city of Haarlem is offering subsidies for initiatives that focus on repairing, sharing, or reusing materials to reduce CO2 emissions. Residents and non-profits can receive up to €5,000 in fundin...
Amsterdam homeowners to lose right to social housing starting in 2027
Starting in 2027, the city of Amsterdam will implement new regulations that deny homeowners access to social rental housing to prioritize those in greater financial need. Amsterdam is the first munici...
Amsterdam homeowners will soon be banned from social housing
The municipality of Amsterdam plans to prohibit homeowners from renting social housing starting next year. This measure is intended to ensure that social rental properties are reserved for households ...
Class action lawsuit against company selling data of millions of Dutch people
Privacy foundation The Privacy Collective has filed a mass claim against the American tech company AppLovin for allegedly collecting and selling the data of millions of Dutch citizens. The foundation ...
Life in EU to become much more expensive this year: inflation rises to 3.1 percent
The European Commission's spring forecast predicts that inflation in the European Union will rise to 3.1% this year. This trend is largely driven by increased energy prices resulting from conflict in ...
Both of Tata Steel’s polluting coke and gas plants must close; company’s survival depends on speed of transition
Tata Steel in IJmuiden is facing the mandatory closure of its two polluting coke and gas plants after environmental regulators threatened to revoke their permits. While the company acknowledges the cl...
Mass claim against US company for allegedly reselling data of 8.5 million Dutch people
A Dutch organization has launched a mass claim against an American company for allegedly selling the personal data of 8.5 million Dutch citizens. The data was reportedly collected through popular apps...
Why grid operators want to adjust electricity prices several times a day and who will feel the impact
Dutch grid operators are proposing to adjust electricity prices multiple times a day based on grid demand to manage congestion. Under this plan, power would become more expensive during peak hours and...
Council of State approves construction of ten houses on Kaag Island: ‘Ferry can handle five extra cars at peak hour’
The Dutch Council of State has approved the construction of ten new houses on Kaageiland at Julianalaan 68-70. This decision follows years of legal objections, with the court ruling that the local fer...
Ukraine attacks refinery hundreds of kilometers inside Russia
The Ukrainian military conducted an attack on a Rosneft oil refinery in Syzran, Russia, located over 800 kilometers from the border. President Volodymyr Zelensky shared footage of the strike, which re...
Alderman Van Buren downplays 67 million in discrepancies, but acknowledges problems with Afis financial system: ‘Not very surprised’
Want to (finally) find out how much your colleague earns? Starting next year, you can
Starting in 2027, a new legislative proposal from Dutch Social Affairs Minister Hans Vijlbrief will require employers to allow employees to see their colleagues' salary information. The bill aims to i...
Bouwend Nederland warns of collapsing bridges: ‘Heading for a Genoa scenario’
Bouwend Nederland warns that the Netherlands risks major infrastructure failures similar to the Genoa bridge collapse if maintenance for bridges and tunnels is not urgently addressed. The association ...
IJmuiden fishing company loses court case: Harbor fishing ban could not be lifted before 2025
The Dutch Council of State ruled against a fishing company from IJmuiden that challenged the duration of a fishing ban on eel and mitten crab in harbors. The court found that the Ministry correctly de...
Investing households benefit most from oil companies like Shell
Dutch households experienced a significant increase in the value of their investments in oil companies, such as Shell and Exxon Mobil, over the past quarter. Data from De Nederlandsche Bank (DNB) indi...
Middle East war hits homebuyers: mortgage rates rise
The conflict in the Middle East is driving up energy prices and inflation, resulting in a rise in mortgage rates. This economic trend is beginning to impact home buyers as interest rates continue to c...
Consumer groups demand Brussels action against fake ads
The Dutch Consumer Association (Consumentenbond) and 28 international partner organizations are urging the European Commission to take action against fake online advertisements. They claim that major ...
Haarlem house prices reach record high, most buyers bidding above asking price
House prices in Haarlem have reached a record high, increasing by 4.8% over the past year according to data from the Central Bureau of Statistics. Most buyers are currently required to bid above the a...
Consumer confidence falls further in May
Consumer confidence decreased further in May, largely driven by rising energy prices linked to the conflict in the Middle East and general economic uncertainty. This decline follows a previous downwar...
Number of part-timers wanting to work more increases: average of 8.5 extra hours per week
The number of part-time workers wanting to increase their hours rose in the first quarter, with an average desire for 8.5 additional hours per week. This trend is particularly noticeable among employe...
More single people bought a house: 'But half of buyers received help'
Over the past two years, an increasing number of single starters in the Netherlands have purchased homes, often benefiting from the sale of affordable former rental properties. Despite couples' mortga...
Pension fund invests 350 million euros in rental housing: 'Difficult in the Netherlands'
Pension fund ABP and investment platform Rockfield are investing 350 million euros into the construction of rental housing specifically for students and starters in the Netherlands. The initiative see...
Gym teacher Daan (27) gets home through priority scheme for key workers: ‘I immediately thought: this is so wonderful’
No shelter for homeless mothers in Southeast: ‘They sleep between cars, in garages and on walkways’
Loss-making SpaceX unveils plans for what could be the largest IPO ever
Elon Musk has announced plans to take SpaceX public next month in what could be one of the largest initial public offerings in history. Despite being loss-making, the aerospace company's move to the s...
Men increasingly stepping in as caregivers: risk of burnout looms
The number of informal caregivers in the Netherlands is increasing, with men notably stepping into these roles more frequently than before. While women still provide the majority of care, the growing ...
More and more homeowners struggling: 'Middle-income earners also feel the strain'
A report from the National Mortgage Guarantee (NHG) reveals that the financial situation for Dutch homeowners is deteriorating, with 8.8% now unable to cover all their costs. Middle-income earners and...