Economy News in English
Latest economy headlines from Dutch news, translated into English.
New climate lawsuit inevitable? Shell rejects Milieudefensie's 'unrealistic' demands
Shell has officially rejected new climate demands from the environmental organization Milieudefensie, labeling them as completely unrealistic. The energy giant's refusal to meet these latest requireme...
Initiative to fill vacant office floors with tiny houses
Thomas van Leeuwen has proposed an initiative to build tiny houses on vacant office floors in Amsterdam to help address the housing shortage. The project aims to utilize 600,000 square meters of empty...
A creative solution for the housing shortage: tiny houses in vacant offices
Controversial solar farm near Schiphol to get 230,000 new panels
230,000 new glare-resistant solar panels are being installed at a solar park near Schiphol Airport to replace previous ones that blinded landing pilots. The 14-million-euro replacement project is fund...
Romania and Ukraine to jointly produce drones, strengthen energy ties
Romania and Ukraine have reached an agreement to jointly manufacture drones. The two nations also intend to strengthen their cooperation in the energy sector to ensure a more secure supply.
Jetten cabinet under fire from left and right over Iran war
The Dutch cabinet, led by Prime Minister Jetten, is facing criticism from both left- and right-wing political parties regarding its stance on the conflict in Iran. Opposition parties and the public ar...
Fuel prices soaring, but it’s not as bad here: I come here specifically
Fuel prices in Amsterdam and surrounding areas have risen to between 2.10 and 2.45 euros per liter following increased geopolitical tensions in the Middle East. Many motorists are traveling to cheaper...
Oil prices remain stubbornly high due to war (and that is exactly what Iran wants)
Global oil prices remain high despite dozens of countries releasing strategic reserves for the first time since the invasion of Ukraine. Experts predict that oil market uncertainty will persist until ...
KLM raises long-haul ticket prices due to rising fuel costs
KLM and Air France have increased economy class return ticket prices for long-haul flights by 50 euros. This price adjustment, which took effect on Wednesday, is a response to rising fuel costs.
De Bat deploys power grid reserves to avert connection freeze
The Dutch government will utilize reserve capacity on the national electricity grid to prevent a moratorium on new connections in the central Netherlands. State Secretary Jo-Annes de Bat informed Parl...
Shop in Tempeliersstraat may be converted into apartment
An administrative court in Haarlem has ruled that a vacant retail space on Tempeliersstraat can be converted into an apartment. The decision favors the property owner over the municipality, as the bui...
Trump welcomes oil price rise due to war against Iran
President Donald Trump stated that rising oil prices resulting from the conflict with Iran are beneficial for the United States. He noted that the U.S. earns more from its own oil production, despite ...
US government explores imposing new import tariffs
The United States government is exploring the implementation of new import tariffs on its trading partners. The investigation includes a focus on alleged unfair trade practices by the European Union.
Iranian leader in first statement: keep pressure on enemy high
In his first statement as Iran's new supreme leader, Mojtaba Khamenei called for the Strait of Hormuz to remain closed to maintain pressure on the country's enemies. He also emphasized the importance ...
AI chatbots overlook local parties: ‘Voting advice is unreliable’
Research by the Dutch Data Protection Authority (AP) reveals that AI chatbots rarely recommend local political parties, making their voting advice unreliable. This bias poses a risk to these parties, ...
A look inside the world of nut company Gotjé: You see a bag on the shelf, but not the work behind it
Jan Gotjé nut company provides a behind-the-scenes look at its production facility in Heerhugowaard, detailing the labor-intensive processes of roasting, cracking, and sorting. Many consumers are una...
Holidays within Europe more popular due to Middle East war
Travel agencies report that European vacation destinations are growing in popularity due to the conflict in Iran. Additionally, there has been a notable increase in travelers opting for package holida...
Brussels proposes fact-finding mission for Ukraine oil pipeline
The European Commission has proposed a fact-finding mission to investigate the damaged Druzhba oil pipeline in Ukraine. As of Thursday, a spokesperson stated that the Ukrainian government has yet to r...
New row between Budapest and Kyiv over blocking Russian energy
Hungary and Ukraine are engaged in a new dispute regarding the supply of Russian fossil fuels. The Hungarian Foreign Minister has accused Ukraine of conducting several attacks on a pipeline that trans...
From Drachten to Arnhem: Zaanstad pursues suspicious window cleaners across the Netherlands
Since 2024, inspectors from Zaanstad have been conducting a nationwide investigation into rogue window cleaning companies suspected of fraud, illegal labor, and permit violations. Supervisors have tra...
Economic uncertainty remains 'very high' due to global tensions
The Dutch economy continues to grow steadily despite significant uncertainty caused by the conflict in the Middle East. The CPB advises that higher energy prices do not necessitate immediate governmen...
Gloomy forecasts: purchasing power stagnates, economic growth slows, inflation rises due to gas and oil
New forecasts from the Netherlands Bureau for Economic Policy Analysis (CPB) indicate that the Dutch economy is slowing down, with purchasing power expected to stagnate next year. Rising government de...
Alarming report: Middle East war causes largest oil market disruption ever
The International Energy Agency (IEA) reported that the conflict involving the United States, Israel, and Iran is causing the largest disruption to global oil supplies in history. This assessment, rel...
100 Dutch ships stuck in Persian Gulf, owners not yet evacuating crews
Dutch shipowners are currently choosing not to evacuate the crews of approximately one hundred ships stationed in the Persian Gulf and Middle East. A spokesperson for the Royal Association of Netherla...
Houses still very expensive, but prices rising more slowly
House prices in the Netherlands are rising at a slower pace this year due to an increase in available housing from rental sales and new construction. However, economists anticipate that price growth w...
New quality mark for unique businesses in the city center
Amsterdam has introduced a new quality mark called 'The Seal of Amsterdam' to honor local entrepreneurs who contribute to the city's unique character. The award recognizes business owners with a stron...
Rail traffic between China and North Korea resumes after six years
Passenger train services between China and North Korea have resumed for the first time in six years, according to Chinese state media. The cross-border rail link was originally suspended in 2020 due t...
'Pay later via this company? Never again!' Sleepless nights over Klarna and debt collection agency tactics. Calls for action grow louder
Swedish finance company Klarna is facing criticism for pressuring consumers and violating its own regulations through its 'buy now, pay later' services. Dutch politicians, regulators, and consumer org...
Study: More low-income households than affordable homes for the group
A recent study in the Amsterdam Metropolitan Region reveals a significant mismatch between household incomes and housing costs, with low-income households far outnumbering available affordable homes. ...
Record release from emergency reserves fails to calm oil market: prices continue to rise
Oil prices continued to rise on Thursday despite an announcement by International Energy Agency members to release 400 million barrels from emergency reserves. As part of this coordinated effort to st...