Economy News in English
Latest economy headlines from Dutch news, translated into English.
Theft of goods by employees remains the biggest form of corporate fraud. ‘Entire pallets disappear’
Internal theft by employees remains the most common form of corporate fraud, involving everything from small office supplies to entire pallets of goods. Although instances of petty theft are reportedl...
British Steel likely back in government hands for the first time since 1988
British Prime Minister Keir Starmer intends to nationalize British Steel following failed negotiations with the company's Chinese owner, Jingye. This move would bring the company, which employs nearly...
Geldezel die hoopte van zijn gokschulden af te komen, werd afgeperst: ’Ik heb heel vies gebruikgemaakt van een kwetsbare jongen’
Two suspects, aged 20 and 22, appeared in a Schiphol court for extorting a vulnerable young man who had agreed to act as a money mule to settle gambling debts. The victim's plan backfired when the sus...
COA has already paid 10 million euros in penalty payments for asylum centers
The Dutch Central Agency for the Reception of Asylum Seekers (COA) has incurred over 10 million euros in penalty payments to municipalities due to issues at its reception facilities. The majority of t...
Budget giants Temu and SHEIN face off in court
A legal battle between online fast-fashion retailers SHEIN and Temu begins this Monday in London. SHEIN accuses its competitor of copyright infringement on an industrial scale by allegedly stealing pr...
Migrants contributed significantly to Haarlem’s prosperity in the seventeenth century
Refugees and migrants played a crucial role in the history and economic prosperity of Haarlem, particularly during the seventeenth century. The article highlights that migration is a recurring phenome...
Vijlbrief: Cabinet to make proposal after union ultimatum
Dutch Minister of Social Affairs Hans Vijlbrief announced that the cabinet will present a proposal to bring labor unions and employers back to the negotiating table. This statement follows an ultimatu...
DigiD outage: App and website users seeing error messages
A technical malfunction at DigiD on Monday has made it difficult for users to log in via the service's website and mobile application. More than 3,600 reports of the outage have been recorded on the m...
EU member states lift suspension of association agreement with Syria
EU member states have revoked the partial suspension of the association agreement with Syria, lifting trade restrictions on products such as oil, gold, and diamonds. This decision, finalized on Monday...
Trawling on Dogger Bank prohibited without permit
A court in The Hague has ruled that trawling in the protected Doggersbank area of the North Sea requires an environmental permit, overturning a long-standing government exemption. The court found that...
Unions issue ultimatum to cabinet: scrap budget cuts within 14 days or face major strikes
Dutch labor unions FNV, CNV, and VCP have issued a 14-day ultimatum to the government demanding the withdrawal of proposed cuts to state pensions and social benefits. Failure to meet these demands wil...
Gas price investigation: who profits from the war with Iran?
The Dutch Authority for Consumers and Markets (ACM) is investigating why gasoline prices at the pump do not decrease as rapidly as crude oil prices. The inquiry aims to identify which parties are gain...
Expert warns of even higher energy prices: Household bills to rise by another 25 euros per month
Dutch households are currently paying an average of 25 euros more per month for energy following the outbreak of conflict involving Iran. Experts warn that this upward trend in energy costs is likely ...
Mortgage interest deduction not left untouched after all? ‘This will be a serious problem’
The Dutch political parties D66, VVD, and CDA are facing renewed pressure over their agreement to leave the mortgage interest deduction unchanged. A forthcoming report suggests that maintaining the cu...
Dutch cabinet to tackle Russian shadow fleet in North Sea with emergency law: ‘Russians photographed locks’
The Dutch government is preparing emergency legislation to crack down on the Russian shadow fleet in the North Sea. The new laws, expected by summer, will grant authorities the power to seize vessels ...
Gas station owners not getting richer from rising fuel prices
Gas station owners are not benefiting from the recent surge in fuel prices triggered by the conflict in the Middle East. While prices at the pump have risen significantly, the increased profits are pr...
Berendsen: use frozen Russian assets for Ukraine
Dutch Foreign Minister Tom Berendsen has called for using frozen Russian assets to provide long-term financial support to Ukraine. While EU member states have agreed on a €90 billion loan for 2026 a...
Orange cranes, yellow and green loaders: colorful construction chaos along Europaweg Haarlem
The Europaweg in Haarlem is currently experiencing significant construction activity characterized by a wide variety of colorful machinery. Observers can see orange cranes alongside yellow and green s...
Chinese factory prices rise for first time after years of decline
China's inflation rose unexpectedly in April, signaling an end to a long period of price declines in the world's second-largest economy. The surge was largely attributed to higher global oil prices li...
Wingtech demands $8 billion from Dutch state after Nexperia intervention
Wingtech is pursuing arbitration against the Netherlands, seeking $8 billion in damages following the government's intervention in its subsidiary, Nexperia. The company alleges that state actions in O...
How are motorists in Haarlem and Velsen adjusting their driving habits? 'Ten short trips and the tank is empty too'
A survey conducted at gas stations in Haarlem and Velsen explores how local motorists are adjusting their driving habits in response to rising fuel prices. Residents are considering options such as us...
Netanyahu aims to eventually end reliance on US military aid
Israeli Prime Minister Benjamin Netanyahu stated in a CBS interview that he aims for Israel to eventually operate without the $3.8 billion in annual U.S. military aid. He expressed that it is currentl...
Employers influence stress-related absence, even when personal issues play a role
Employers are being encouraged to focus on preventing employee stress and burnout by fostering a culture of open communication. Experts emphasize that early intervention and a supportive environment c...
Possible supermarket ban in Velsen; only allowed for large-scale housing developments
Local authorities in Velsen are considering a freeze on new supermarkets due to market saturation in the IJmond region. Under the proposal, new stores would only be permitted when integrated into larg...
Report: A safe Bonaire is costly, but doing nothing is much more expensive
A report commissioned by Greenpeace and the World Wildlife Fund states that protecting Bonaire from climate change requires an investment of $1.2 to $1.8 billion. Researchers warn that the cost of ina...
Cees doesn't want a smart device. Can he refuse the replacement of his old electricity and gas meters?
Cees Riedeman wishes to retain his traditional electricity and gas meters rather than upgrading to modern smart devices. He prefers manually reporting his energy readings and questions whether he has ...
Scorned used EVs suddenly in demand. Maarten Pompen drives an eight-year-old one: 'Hardly any maintenance, only tires wear faster'
High fuel prices are driving a new trend in the Netherlands as car owners increasingly turn to older, affordable used electric vehicles. Despite concerns over battery life, owners report low maintenan...
Hoofddorp to build 400 homes in city center: Houses too close to busy road according to health regulations
The municipality of Haarlemmermeer has approved plans for 400 to 450 new homes in the center of Hoofddorp on the Binnenweg. Local politicians generally support the project despite health authorities' ...
NS launches free train pass trial for low-income residents in Amersfoort
The Dutch Railways (NS) is launching a pilot program in the municipality of Amersfoort to provide free train passes to residents with low incomes. The initiative aims to increase societal participatio...
Lowest growth in onshore wind energy in years, RVO reports
The expansion of onshore wind energy in the Netherlands has reached a historical low, according to a report by the Netherlands Enterprise Agency (RVO). A decline in total power generation capacity is ...