Economy News in English
Latest economy headlines from Dutch news, translated into English.
IT providers unite against Big Tech to reduce Dutch dependence on US
Seven Dutch IT providers have formed an alliance to offer a local cloud alternative to American technology firms, aiming to reduce the Netherlands' dependency on US providers. By collaborating on larg...
North Holland investigates regional heating company and fund
The province of Noord-Holland is exploring the creation of a regional heating company and a dedicated fund to support the development of heating networks. The initiative aims to address the shortage o...
Douwe Egberts parent company JDE Peet's falls into American hands
Keurig Dr Pepper has acquired a 96 percent stake in JDE Peet's, the parent company of Douwe Egberts. This move brings the coffee giant almost entirely under the ownership of the American beverage comp...
TommyTomato declared bankrupt after failed investment: 'We made a lot of profit, just not in our bank account'
TommyTomato, a Haarlem-based delivery service providing healthy school lunches, has been declared bankrupt after a multi-million euro investment deal fell through in mid-March. Director Bas Turk attri...
Major rocket launch sends people around the Moon with a massive slingshot
A significant rocket launch scheduled for tonight aims to transport four astronauts further into space than ever before by sending them around the moon. The mission features a prominent role for Dutch...
Brussels proposes first relaxation of key climate measure
The European Commission has announced a proposal to relax the Emissions Trading System (ETS), which serves as the European Union's primary mechanism for regulating corporate CO2 emissions. This develo...
EU loan for Ukraine primarily intended for drone purchases
The European Commission has proposed a 45 billion euro disbursement to Ukraine, which represents half of a larger loan package currently being blocked by Hungary. Commission President Ursula von der L...
Stricter holiday rental rules from today: what changes in the city center and De Pijp
Amsterdam has halved the maximum number of nights allowed for vacation rentals in the city center and De Pijp neighborhood from 30 to 15 per year. Effective immediately, the measure aims to reduce tou...
British PM seeks to further strengthen ties with EU
British Prime Minister Keir Starmer has announced plans to further strengthen ties with the European Union through a cooperation summit scheduled for later this year. The initiative focuses on enhanci...
GL-PvdA wants temporary off-peak travel for 9 euros per month
The GroenLinks-PvdA party has proposed a temporary "climate ticket" allowing off-peak travel across the Netherlands for nine euros per month between May and September. MP Habtamu de Hoop introduced th...
Company behind ChatGPT worth $852 billion after mega-investment, ‘superapp’ on the way
OpenAI has raised $122 billion in a new investment round, bringing the company's total valuation to $852 billion. This funding round marks the first time the ChatGPT creator has accepted investments f...
Apple turns 50: still relevant or ready for the museum? ‘They are not a pioneer’
As Apple celebrates its 50th anniversary in 2026, critics argue the company has lost its innovative edge and is lagging behind in artificial intelligence. To mark the milestone and the company's histo...
Divorced Japanese parents can share child custody for the first time
Japan has introduced a new law allowing divorced parents to share joint custody of their children for the first time. Previously, Japan was one of the few countries where custody was exclusively grant...
Court examines accounts of fraudulent real estate entrepreneurs: criminal money allegedly invested in homes
The Public Prosecution Service is seeking the repayment of significant sums from former directors of a real estate company during a hearing at the Haarlem district court. The case involves allegations...
Stores sold more goods in February
Retail turnover in the Netherlands increased by 1.3 percent in February compared to the same month last year, according to Statistics Netherlands (CBS). The growth was largely driven by a strong perfo...
Utrecht province fines bus operators for public transport problems
The province of Utrecht is fining bus operators Transdev and Keolis for persistent service issues, including high cancellation rates and a shortage of vehicles. Transdev faces a penalty of at least 1....
More than 6.8 million people have already filed their taxes
The Dutch Tax Administration has received more than 6.8 million tax returns so far this year, slightly ahead of last year's pace. At the halfway point of the filing period, the number of returns has i...
Dangerous consumer products cause 80 deaths a day in Europe
Dangerous consumer products, including exploding appliances and defective items, cause approximately 80 deaths daily across Europe. Research highlights that these hazards also pose significant risks t...
DHL Express employees to receive 7.5 percent pay increase
More than 2,000 DHL Express employees will receive a 7.5 percent pay increase following a new two-year collective labor agreement. The deal was reached between the express delivery company and trade u...
Supermarket chain PLUS completes merger with competitor Coop
Supermarket chain PLUS has finalized its merger with industry peer Coop. The company reported a financial loss for the past year, primarily due to the accelerated costs associated with rebranding and ...
Green steel scientists: Tata is not so poorly positioned
Scientists writing in the economic journal ESB argue that Tata Steel is well-positioned for a future in the Netherlands, countering arguments against government subsidies for the plant. The researcher...
Not a matter of climate nagging: shut down gas stations as soon as possible
The ongoing conflicts involving the United States, Israel, Iran, Russia, and Ukraine have triggered a rise in fuel prices, highlighting the urgent need to reduce global dependency on oil and gas. This...
Concern over just 29 parking spaces for 65 new homes in Heemskerk. Not everyone agrees: 'As far as I'm concerned, there should always be greenery'
A housing development plan for 65 new homes on Huibert Pootstraat in Heemskerk has sparked debate over the provision of only 29 parking spaces. While some residents express concern about the limited p...
Personalized smoked sausage and exercising in Blijdorp: this year's April Fools' jokes
Dutch companies participated in the annual April Fools' Day tradition by promoting various humorous and fake products. Examples mentioned include personalized smoked sausages, customizable public tran...
Gas storage must be full before winter, but companies wait due to high gas prices
The filling season for gas storage facilities begins this Wednesday, but high prices are deterring companies from purchasing gas for storage. Although full reserves are essential for the upcoming wint...
Opening Lelystad Airport depends on cabinet nitrogen approach
The opening of Lelystad Airport for civil aviation is contingent on the Dutch government's implementation of nitrogen reduction measures. According to officials from the Ministry of Agriculture, Fishe...
Livelihood security takes another hit from government budget cuts
The Dutch government has scaled back a legislative proposal aimed at improving access to income support for low-income citizens by removing social assistance provisions from the bill. Local municipali...
Cabinet seeks more space for offshore wind farms
The Dutch cabinet is investigating additional offshore locations for wind energy production to meet its 40-gigawatt target. A document released on Tuesday suggests that currently designated areas may ...
VAT hike felt in Zandvoort, German tourists still visit for Easter: 'But we earn much less from them'
German tourists are still visiting Zandvoort during the Easter holidays, but the local economy is earning less from them due to rising costs. The impact of the VAT increase is becoming evident as the ...
Oil shortage in focus: nearly 9 million barrels per day short, prices to truly explode from mid-April
Brussels has warned that the Netherlands and Europe must significantly reduce oil and gas consumption due to a global shortage triggered by the blockade of the Strait of Hormuz. Experts estimate a def...