Economy News in English
Latest economy headlines from Dutch news, translated into English.
Former minister deliberately waited until after elections to scrap labor migration plan
Former Minister of Social Affairs Mariëlle Paul deliberately delayed the announcement of the cancellation of an labor migration plan until after last year's elections. Internal documents revealed by ...
Bicycle dealers squeezed by wobbling Accell? 'Would be a real shame'
Bicycle retailers in the Netherlands are concerned about the stability of the manufacturer Accell and its potential impact on future bike inventory and parts availability. Dealers fear that supply cha...
US investment firm Apollo to buy easyJet for 6.6 billion euros
American investment firm Apollo Global Management has reached an agreement to acquire the British airline easyJet for 6.6 billion euros. The acquisition was reported by Bloomberg on Thursday.
Gold price hits highest level since June on weaker dollar and hopes for Hormuz reopening
Gold prices reached their highest level since late June on Wednesday. This increase was driven by disappointing employment data and hopes regarding the reopening of the Strait of Hormuz.
Congo bans copper and cobalt exports, Europe to feel the impact
The Democratic Republic of Congo has banned the export of copper and cobalt concentrates to encourage domestic processing of its mineral resources. This move aims to increase the value derived from th...
Low water levels in Rhine lead to higher transport costs and industry concerns
Extremely low water levels in the Rhine river are causing shipping capacity to decrease and transportation costs to rise for companies in the Netherlands and Germany. If these conditions persist, busi...
Pump prices to fall: gasoline 5 cents cheaper on Thursday, diesel 6 cents
Fuel prices in the Netherlands have decreased this week, according to data from UnitedConsumers. As of Thursday, the price of a liter of gasoline has dropped by 5 cents, while the price of diesel has ...
Homebuyers still benefit financially from energy-efficient homes
Homebuyers continue to pay a premium for energy-efficient properties following the energy crisis. An analysis by Brainbay, the data subsidiary of the NVM real estate association, shows that this price...
Why do we love saving money so much? In other countries, they just shrug at sales
Consumer psychologist Patrick Wessels explains why Dutch people have a strong cultural tendency to participate in supermarket savings programs and bonus deals. The analysis explores the psychological ...
Higher youth wages may increase the cost of groceries and dining out
The increase in the minimum youth wage in the Netherlands is expected to lead to higher prices in supermarkets and the hospitality industry. Research from Rabobank suggests that economists do not anti...
Healthy lifestyle boosts Heineken beer sales: non-alcoholic beer drives sales growth
Heineken reported an increase in global beer sales, driven significantly by the rising popularity of non-alcoholic and specialty beers. The Dutch brewer experienced particularly strong growth in the A...
Bicycle manufacturer Accell falters: parent company of Babboe, Batavus and Sparta granted payment deferral in the Netherlands
Aïsha films 15-second break at Kruidvat, now has 26 million views: 'Didn't ask for permission'
A 22-year-old Kruidvat employee named Aïsha Vis has gained international fame after a short dance video she recorded at work went viral with 26 million views. Despite the attention, she reassures cus...
Experts criticize sale of rental properties: 'Government has smoked out the rental sector'
Two years after the implementation of the Affordable Rent Act in the Netherlands, experts observe that landlords are selling off their properties en masse. Critics argue that government policies have ...
Number of fast-food outlets in the Netherlands has doubled, Haarlem now has 220
The number of fast-food establishments in the Netherlands has doubled since 2007, according to data from Statistics Netherlands. Specifically, the city of Haarlem now hosts 220 such outlets, which ali...
Cyberattack on partner of bol and Bijenkorf: customer data potentially exposed
Logistics company CEVA, a partner of Bol and de Bijenkorf, has suffered a cyberattack that may have compromised customer data. Bol has confirmed that its own internal systems remain unaffected by the ...
Dutch sustainable clothing brand MUD Jeans has gone bankrupt
The sustainable clothing brand MUD Jeans has been declared bankrupt by a court in Amsterdam. CEO Dion Vijgeboom confirmed the news, stating that the company had filed for bankruptcy itself.
Stamp savings controversy damages 'Appie's' reputation: 'Even a market leader can make a blunder'
Albert Heijn is facing criticism and potential brand damage following a controversy regarding their savings stamp program. Retail expert Paul Moers described the company's handling of the situation as...
Interest on frozen Russian assets in Europe yields 8 billion euros for Ukraine
Frozen Russian assets held in European accounts have generated 8 billion euros in interest. The European Commission plans to loan this amount to Ukraine, with President Ursula von der Leyen stating th...
Bijenkorf customer data potentially leaked in partner incident
Dutch department store De Bijenkorf has warned customers that personal data may have been compromised following a security incident at a logistics partner. The breach, discovered on Monday morning, po...
South Korean police raid Starbucks headquarters after Tank Day promotion
South Korean police raided the Starbucks headquarters following accusations of defamation linked to a controversial marketing campaign. The investigation stems from the company's recent 'Tank Day' pro...
Ahold Delhaize suffers from unfavorable exchange rates
Retail group Ahold Delhaize reported a slight increase in revenue during the last quarter due to higher prices. However, growth was limited by unfavorable exchange rates and disappointing performance ...
Heineken sells more beer this year and sees revenue grow
Heineken reported an increase in beer sales volume by 1.6 percent, reaching 142.8 million hectoliters in the first half of the year. Alongside the rise in volume, the brewery also saw growth in both i...
Twice as much fast food in twenty years: ‘Time to treat unhealthy food the same as smoking and drinking’
The number of fast-food restaurants in the Netherlands has nearly doubled over the last twenty years. Professor Esther Aarts is calling for stricter regulations on unhealthy food, advocating for an ap...
Working one day less is cheaper, while Marijn (38) and Elise (35) didn't expect that
Marijn and Elise consulted a budget coach to discuss the feasibility of Marijn transitioning to a four-day workweek. Although they initially believed they could not afford the change, they are now exp...
Home battery and heat pump sellers use dishonest sales tactics
The Vereniging Eigen Huis reports an increase in complaints regarding aggressive door-to-door sales and misleading tactics by companies selling home batteries and heat pumps in the Netherlands. Consum...
50,000 women already using Lisa’s discrete period app: ‘We will never sell data’
Lisa Volkers has developed a privacy-focused menstrual tracking app that now serves 50,000 users. She created the platform to provide an alternative to existing apps that often sell user data to third...
AEX hits another new closing record thanks to chip stocks and falling oil prices
The AEX index reached a new closing record on Tuesday, driven by strong performance from chip companies and a decrease in oil prices. The gains were supported by better-than-expected earnings results ...
Wakker Dier files complaint against world's largest insect farm over 'nonsense' green claims
Animal welfare organization Wakker Dier has filed a complaint with the Advertising Code Committee against Protix, the world's largest insect farm located in Bergen op Zoom. The organization claims tha...
SpaceX rocket part crashes into the moon: 'Hopefully sparks a discussion'
A remnant of a SpaceX rocket is set to impact the moon on Wednesday morning, creating a new crater. Experts hope this event will spark a necessary global discussion regarding the management of space d...