Economy News in English
Latest economy headlines from Dutch news, translated into English.
Minister Sjoerdsma called to Parliament again today: what’s going on with the budget deal?
D66 Minister Sjoerd Sjoerdsma is appearing before the Dutch House of Representatives today to explain a controversial budget deal regarding development aid. The minister faces criticism for orchestrat...
Social housing tenants to pay 3.6 percent more on average this year
Housing corporations in the Netherlands are increasing social housing rents by an average of 3.6 percent this year, according to industry body Aedes. This figure represents the maximum allowable incre...
Reader’s question: 78 euros for trips not taken – is that allowed?
Trudie Theebe is questioning a travel agency's decision to withhold a 78-euro refund for excursions after she canceled her bus trip ten weeks before departure. While she accepted the standard cancella...
A10 inner ring partially closed this weekend: possible hour of extra travel time
Portions of Amsterdam's A10 South motorway will be closed from Friday night until Monday morning due to construction work for the Zuidasdok project. Motorists are warned to expect travel delays of up ...
Ben & Jerry’s being ‘destroyed’ by Magnum owner, says founder
Ben & Jerry's co-founder Ben Cohen has accused the brand's parent company of 'destroying' the label by attempting to suppress its political activism. Cohen claims the owner has specifically tried to b...
Elon Musk to become first-ever trillionaire: net worth rising by $1 million per minute
Elon Musk is projected to become the world's first trillionaire as his fortune grows at an average rate of 1 million dollars per minute. Over the past year, his wealth has increased exponentially and ...
Canada also introduces social media measures for children under 16
Canada has announced a ban on social media for children under the age of 16 if platforms fail to meet new safety standards. Major platforms like Facebook, Instagram, and X will be required to implemen...
Amsterdam's art collection almost didn't exist due to inheritance tax
Carel Joseph Fodor and Adriaan van der Hoop played a foundational role in establishing the city of Amsterdam's municipal art collection. The article explores the historical origins of these acquisitio...
Consultancy firm investigates UWV following reports of culture of fear
Consultancy firm KPMG has launched an investigation into the Dutch benefits agency UWV following reports of a potential culture of fear within the organization. The UWV confirmed the probe on Thursday...
Why the European Central Bank is likely to raise interest rates today for the first time in three years
The European Central Bank is expected to raise interest rates for the first time in three years this Thursday to combat rising inflation. This decision aims to stabilize prices and may offer better re...
Fewer people buying homes in their own municipality and moving further away
The share of homebuyers purchasing a property within their own municipality is decreasing as rising prices force them to look elsewhere. This trend is particularly evident in the western part of the N...
Fewer international students in Amsterdam for the first time in 20 years
Future of former V&D building suddenly uncertain: developer reconsidering housing and scraps restaurant plans
The redevelopment of the former V&D building in Haarlem has become uncertain as developers 3W Estate and AT Capital struggle to finalize plans for housing, shops, and offices. Plans for an eighth-floo...
Beverwijk faces deficit of over 6 million: 'How do we ensure a financially sustainable municipality without dismantling the social foundation?'
The municipality of Beverwijk is facing a projected budget deficit of over 6 million euros in the coming years, primarily due to rising costs in youth care. While the town is currently in a stable fin...
Iran completely closes Strait of Hormuz after US attacks
The Iranian Revolutionary Guard has announced the complete closure of the Strait of Hormuz following recent United States military strikes in southern Iran. This escalation was reported by Iranian sta...
2 million Dutch people overpay ‘130 euros’ for games
A Dutch foundation is launching a mass claim against Steam's parent company on behalf of over two million consumers who allegedly overpaid for PC games. The claim argues that the platform restricts de...
First drop in international students in the Netherlands since 2006
The number of international students in the Netherlands has decreased for the first time since 2006, with 129,764 students currently enrolled in higher education. This figure represents a slight decli...
Berendsen: positive signals on EU settlement import ban
Dutch Foreign Affairs Minister Tom Berendsen told the House of Representatives that there are positive signals regarding a potential EU import ban on products from illegal Israeli settlements. Discuss...
Self-driving Teslas allowed in Belgium: 'Shorter testing period thanks to RDW'
Tesla owners in Belgium are now permitted to use Full Self-Driving technology, allowing for hands-free driving similar to regulations in the Netherlands. The approval process was shortened due to prel...
Fishmonger Nico Waasdorp sells Dutch new herring for one guilder in swipe at rivals charging four euros
Fishmonger Nico Waasdorp from IJmuiden is selling Dutch herring for one guilder on June 16, the official start of the season. This campaign serves as a playful protest against the sharp rise in herrin...
Friesland calls on cabinet to phase out gas extraction in the province
Residents and administrators in the Dutch province of Friesland are calling on the national cabinet to phase out gas extraction in the region. Provincial Executive Friso Douwstra conveyed this message...
320 million in subsidies still available for home sustainability, mostly going to highest incomes
Subsidies for making homes more sustainable in the Netherlands are predominantly being used by high-income households earning over 100,000 euros per year. Approximately 320 million euros remain availa...
Forecast: Over 32,000 charging stations needed in Haarlem for fully electric driving by 2050
Haarlem will require more than 32,000 charging points by 2050 to support a complete transition to electric driving and meet European CO2 standards. The total energy needed for these stations is estima...
No forced layoffs at ASML next year after union agreement
ASML and labor unions have reached an agreement to prevent forced layoffs due to reorganization until May 1, 2027. The deal follows the Veldhoven-based tech company's previous announcement that it pla...
More issues than expected at Brabant meat processor: NVWA intervenes
The Dutch Food and Consumer Product Safety Authority (NVWA) has expanded its intervention at a meat processing plant in Nuenen after discovering extensive and structural deficiencies. Customers are no...
KPN not yet giving up on Delta fiber acquisition
KPN is contesting a decision by the Netherlands Authority for Consumers and Markets (ACM) to block its acquisition of Delta Fiber. The regulator halted the deal over concerns that KPN would become too...
Americans see prices rising sharply for the third month in a row
Inflation in the United States rose sharply in May, driven by increased fuel prices resulting from the conflict in the Middle East. This marks the third consecutive month of significant price hikes, l...
More month than money: 9 free activities in Amsterdam
The article highlights nine free activities in Amsterdam to help people save money while living in or visiting the most expensive city in the Netherlands. These zero-cost options provide residents and...
3,100 kg of illegal fruit tobacco found at Westpoort industrial estate
Live blog: City council debates coalition agreement
The Amsterdam city council is debating a new coalition agreement that includes cutting 2,500 civil servant positions and significantly increasing tourist taxes. Other key measures involve canceling th...