Economy News in English
Latest economy headlines from Dutch news, translated into English.
Supermarket woes not over: groceries up to 10% more expensive by 2027
The Dutch supermarket umbrella organization CBL has warned the government that grocery prices could increase by up to 10 percent next year. According to the trade association, these price hikes are pa...
Netherlands to wear most expensive Nike kit ever at World Cup: ‘Fans' love is being mercilessly exploited’
The Dutch national football team is wearing its most expensive Nike jersey to date during the World Cup, priced at 159.99 euros. A German economist researching global kit prices states that the high c...
Cabinet wants ban on commercial social media work for children
The Dutch cabinet proposes a ban on commercial social media work for children aged 15 and younger. Minister Thierry Aartsen informed the House of Representatives of the plan, which aims to protect min...
Bunq fined for late response to customer fraud complaints
The Dutch online bank Bunq has been fined 170,000 euros by the Netherlands Authority for the Financial Markets (AFM). The penalty was issued because the bank failed to respond in a timely manner to fr...
Business owners welcome plans to protect Westpoort from housing, but experts see many complications
New French-German fighter jet will not happen
France and Germany have reportedly abandoned their joint project to develop a next-generation fighter jet. The decision comes after sources indicated that ongoing disagreements between the involved ai...
Transparent house and board of alarming data examine housing crisis: ‘Figures give you the feeling that everything is under control’
Number of vacancies falling for years, but finding staff remains difficult
The number of job vacancies in the Netherlands has been declining for several years, yet employers continue to struggle with finding staff. According to new data from the UWV, the labor market remains...
Victims of helpdesk fraud will not be reimbursed for transferred money
The Dutch financial complaints institute Kifid has ruled that victims of helpdesk fraud who transfer money to scammers themselves are not automatically entitled to reimbursement from their banks. This...
From scanning files to the only first-time buyer broker in the Netherlands: Laurens helps young homebuyers get started
Laurens, a specialized realtor based in Heemskerk, assists young first-time buyers in navigating the challenging Dutch housing market. His work focuses on helping starters overcome obstacles like risi...
Self-driving taxis will soon be available in London
Uber is preparing to launch a self-driving taxi service in London, with user registration opening this Monday. The robotaxis are expected to be operational in the English capital within the next few m...
Ukraine receives nearly six billion euros from EU for drones
The European Union will disburse the first 5.9 billion euro installment of a 90 billion euro loan to Ukraine this month. EU foreign policy chief Kaja Kallas announced that these funds are specifically...
Discount chain Die Grenze clashes with NVWA over dirt-cheap beer: ‘Read the law properly’
The Dutch discount chain Die Grenze is in a dispute with the Netherlands Food and Consumer Product Safety Authority (NVWA) over the legality of its high alcohol discounts. Owner Bert Hesselink argues ...
A meeting is not a therapy session: how to conduct a meeting that actually makes sense
Psychologist Thijs Launspach offers advice on how to conduct more effective meetings and better manage overcrowded work schedules. The guide emphasizes the importance of clear meeting objectives to en...
Mortgage rates fall despite Middle East unrest: 'Very volatile'
Mortgage rates in the Netherlands are decreasing as banks announce further interest rate cuts this week despite instability in the Middle East. Mortgage advisor Van Bruggen describes the current marke...
Supermarkets quit lobby group over high costs
The Dutch supermarket umbrella organization representing Jumbo and several other major retailers has withdrawn from the business group VNO-NCW. The move comes as companies protest a significant increa...
Financial worries for high earners, homeowners and business owners: how to avoid financial trouble
Despite 600 billion euros in Dutch savings accounts, one in five households lacks a financial buffer of at least 1,000 euros. Financial worries are increasingly spreading beyond low-income groups to i...
SpaceX, Anthropic, and OpenAI IPOs lure investors, but risks are high: ‘Greed is at play’
Investors are increasingly seeking shares in high-profile companies like SpaceX, OpenAI, and Anthropic, often turning to risky and obscure financial products. Despite high costs and potential for loss...
Houthis close Red Sea to Israeli ships
The Yemeni Houthi movement has announced a ban on Israeli ships in the Red Sea and confirmed launching attacks against Israel. These actions were taken in response to recent Israeli military strikes a...
Oil prices rise again as Middle East violence flares up
Oil prices rose sharply on Monday following renewed conflict between Israel and Iran. The escalation has diminished hopes for peace and raised concerns about the continued obstruction of oil tankers i...
Economy for VVD, social domain for PRO: How Beverwijk's new aldermen divide the tasks
The new aldermen of Beverwijk have divided their administrative portfolios, with Adam Elzakalai (VVD) managing economy and finance while Carolina van der Aa (PRO) oversees the social domain and youth ...
Online bank to challenge major providers with account-linked subscriptions
Internet bank Revolut is launching mobile phone subscriptions in the Netherlands to compete with established telecom providers by offering lower prices. Despite this new entry into the market, industr...
From Marlboro to marijuana: tobacco giant enters legal Dutch cannabis
Tobacco giant Altria, formerly Philip Morris, has entered the Dutch legal cannabis experiment by acquiring a partial stake in the country's largest participating grower. Experts have raised concerns t...
At what cost does Beverwijk want to build? Compensation for city center construction could exceed €200,000
The city of Beverwijk is planning to build a 31-unit apartment complex on Koningstraat, though the project may incur high costs. Potential damage compensation for neighboring residents is estimated to...
Haven-Stad under further pressure: province blocks housing plans in Amsterdam port
Human Rights Institute: Quarter of people with disabilities feel inferior
A study by the Netherlands Institute for Human Rights involving over 1,800 people found that one in four individuals with disabilities feels excluded from society. The report also highlights significa...
The biggest World Cup ever also means a more expensive Panini album: ‘The only difficulty is identifying the missing ones out of 960 cards’
The upcoming World Cup's expansion to 48 teams has made completing the Panini sticker album more expensive than ever, requiring collectors to find 960 cards. Despite the increased costs, dedicated fan...
Hotels fear difficult summer after VAT increase: 'Concerns are growing'
Dutch hotels are facing a difficult summer as guests book later and stay for shorter periods due to rising costs. Entrepreneurs report that the recent VAT increase on hotel stays is negatively impacti...
Rutte suffered from it, now Jetten too: the 'where is the prime minister' question is being asked
Opposition parties in the Netherlands are questioning the leadership of Rob Jetten as they await negotiations for a budget agreement. Jetten is reportedly keeping the parties waiting intentionally, a ...
China wants to prevent electric cars from becoming even larger and heavier
China intends to prevent electric vehicles from continuing to grow in size and weight. According to state broadcaster CCTV, the government aims to counter the trend of heavier cars driven by larger ba...