Economy News in English
Latest economy headlines from Dutch news, translated into English.
Low-income families in Haarlem receive 94 euros more in benefits than in neighboring municipalities
Low-income families in Haarlem receive 694 euros in annual income support for a 14-year-old child, which is 94 euros more than the 600 euros provided in neighboring Haarlemmermeer. This highlights sig...
Haarlem housing market: average buyer pays 5 percent above asking price
Buying a home in Haarlem remains difficult as 74 percent of buyers paid above the asking price in the past six months. The overall difference between asking prices and final sale prices has remained c...
GoVolta also wants to run trains on high-speed line to Paris
The Dutch train operator GoVolta plans to compete with Eurostar by launching a new high-speed rail service between Amsterdam and Paris. The company has informed the Authority for Consumers and Markets...
Increasing number of twenty-somethings on long-term disability due to mental health issues
The Dutch Employee Insurance Agency (UWV) reports a significant increase in the number of people in their twenties receiving disability benefits due to long-term work incapacity. This trend is primari...
Oil giants ExxonMobil and Chevron report highest quarterly profit in years
American oil and gas giants ExxonMobil and Chevron reported their highest quarterly profits since 2022. This financial growth reflects strong recent performance for both corporations.
All public transport to shut down due to strike on Wednesday, September 9
Public transport workers in the Netherlands will go on strike on Wednesday, September 9. The action, organized by the FNV trade union, is a protest against government budget cuts to social security.
Rising fuel prices drive inflation higher
Inflation in the Netherlands rose to 3.1 percent in July, according to the national statistics agency CBS. This increase is primarily driven by rising fuel prices resulting from the ongoing conflict i...
Consumers get more rights if a device breaks, even after warranty
A new European directive effective today grants consumers increased rights to have electronic devices repaired rather than replaced. This initiative aims to reduce the growing volume of electronic was...
Remote Trevinano gets a hotel, cultural center, padel court and electric bikes thanks to Covid fund: 'I hope tourists will come now'
Apple profit surges in final quarter under outgoing CEO Tim Cook
Apple reported a significant increase in revenue and profit for the final quarter, driven largely by strong iPhone sales. This marks the last financial report issued under the leadership of outgoing C...
Fruit will be smaller and more expensive this autumn due to drought in Europe
Fruit in the Netherlands is expected to become smaller and more expensive starting this September due to ongoing drought conditions across Europe. This forecast was provided by John Kusters, chairman ...
Football is the biggest victim of Infantino's World Cup stake: 'Could be a turning point'
FIFA president Gianni Infantino's proposal to allow investors to buy shares in the World Cup has sparked concerns regarding commercial influence on the sport. Critics suggest the move could prioritize...
Leaked Odido customer data already misused dozens of times in phishing campaigns
Customer data stolen from telecommunications provider Odido in a February data breach has been repeatedly exploited in at least thirty phishing and spam campaigns. Researchers have identified that the...
Haarlem wants to hear your take on the new euro bills: are you team bird or team human?
Residents of Haarlem are being invited to share their preferences for the designs of upcoming new banknotes. The public can provide input on which themes, such as nature or historical figures, they wo...
Shell refineries running overtime as shareholders benefit from billions in profit
Shell reported a second-quarter profit of 10 billion dollars, nearly tripling its earnings compared to the same period last year due to high oil prices. A significant portion of these record profits w...
At least 96 fines issued to trucks and coaches on Merwede Bridge
Authorities have issued at least 96 fines of 500 euros each to trucks and buses that traveled across the Merwedebrug. The enforcement action was confirmed by the Centraal Justitieel Incassobureau as o...
Eurozone economy grows slightly despite Middle East conflict
The Eurozone economy experienced a modest growth of 0.4 percent during the second quarter. This economic expansion occurred despite the ongoing conflict in the Middle East, according to official data ...
Major festival shrinks site without notice while claiming to be ‘sold out’: how is that possible?
Attendees of the Milkshake Festival in Amsterdam's Westerpark noticed that the festival grounds were smaller than in previous years. Despite the event being sold out on Saturday, the reduction in size...
ING grows on recovering housing market despite global unrest
ING reported a significant increase in profit during the second quarter, driven by a growing customer base despite global instability. The bank's performance improved due to the recovering housing mar...
Hardball: union accuses Kruidvat of intimidation
The trade union FNV has accused the drugstore chain Kruidvat of fostering an unsafe working environment and using intimidation tactics. While the union describes the situation as alarming, academic ex...
Magnum prevents empty shelves during heatwave and grows by 4.7 percent
Ice cream manufacturer Magnum reported a 4.7 percent increase in sales during the first half of 2026. The company benefited from hot weather across Europe, with particularly strong sales growth in Fra...
Over 11,000 Enexis customers are waiting for a new or upgraded connection
Grid operator Enexis reported that its waiting list for new or upgraded electricity connections grew by 734 requests in the first half of the year. Despite doubling its newly constructed grid capacity...
AI-generated photos on Vinted give a misleading impression of secondhand clothing
Vinted sellers are increasingly using AI-generated model photos to showcase second-hand clothing instead of photographing themselves. However, the platform prohibits this practice because it can lead ...
Shell profits from high oil prices due to Middle East war
Shell reported a significant increase in second-quarter profits, reaching 9.8 billion dollars compared to 6.9 billion dollars in the first quarter. This growth was driven by rising oil prices resultin...
Dutch economy grows primarily due to higher household consumption
The Dutch economy grew by 0.4 percent in the second quarter of 2026, according to Statistics Netherlands. This growth is driven primarily by increased household consumption, representing a slight rise...
Dutch economy grows faster in second quarter, driven by higher consumption
The Dutch economy grew by 0.4 percent in the second quarter compared to the previous quarter, according to Statistics Netherlands. This growth, which was primarily driven by higher consumption, repres...
Meta revenue surges but profits fall due to high AI costs
Meta Platforms reported an increase in quarterly revenue driven by higher advertising prices. However, the company's overall profit declined due to significant investments in artificial intelligence a...
KLM profit rises on higher ticket prices despite Iran conflict and high fuel costs
KLM reported increased profits for the last quarter despite the impact of the Iran conflict and rising jet fuel costs. The airline successfully offset these expenses by increasing ticket prices for pa...
Building permit fees vary significantly by municipality
A yearly study by the Vereniging Eigen Huis shows that building permit costs vary significantly between municipalities in the Netherlands. In some cases, residents may pay tens of thousands of euros m...
Amsterdam designer Joost Grootens in the running to design new euro banknote
Amsterdam-based designer Joost Grootens has been selected as one of ten finalists to design the new series of euro banknotes. His proposed designs, which focus on humanizing European icons, are compet...