Economy News in English
Latest economy headlines from Dutch news, translated into English.
Paris adventure ends for controversial budget retailer SHEIN
The Parisian department store Bazar de l'Hôtel de Ville (BHV) is terminating its partnership with the Chinese e-commerce giant SHEIN after just seven months. The store's new owner characterized the c...
Van Essen: nature restoration more important than nitrogen in the Peel
Dutch Agriculture Minister Jaimi van Essen emphasized that restoring nature through better water management in the Peel region is more critical than addressing nitrogen levels. A new regional agreemen...
Installation company stops taking customers in central Amsterdam and De Pijp: ‘Can no longer guarantee technician will be on time’
Hospi Housing: Help a student find a room
The city of Haarlem is partnering with the platform Hospi Housing to encourage residents to rent out spare rooms to students and young professionals. This initiative aims to address the housing shorta...
Man jailed for using deepfakes to open ABN AMRO accounts
The Amsterdam District Court sentenced a man to 30 months in prison, with six months suspended, for committing deepfake fraud. The individual used deepfake technology to forge identity documents and s...
Reporter Madelief van Dongen: ‘No child should have to live on the streets, yet it happens in Amsterdam’
FNV leader Spekman lashes out at government: 'A downy blanket of words'
FNV chairman Hans Spekman has criticized the Dutch cabinet's proposed cuts to social security, calling for them to be withdrawn. In response, the labor union plans to hold protests and strikes next we...
V&D hotel plan backed by Haarlem city council despite ban; exception being explored
The Haarlem city government is considering an exception to its hotel ban to allow the conversion of the former V&D building into a hotel. Owners of the historic property at Verwulft requested the chan...
New law to tackle high vet prices and overtreatment
State Secretary Silvio Erkens is drafting a new law to prevent veterinarians from overcharging pet owners through unnecessary treatments and expensive medications. The proposal aims to address rising ...
Cabinet takes action against soaring vet costs
The Dutch cabinet is introducing new legislation to address rising veterinary costs by requiring clinics to be more transparent about their fees. These measures also include a ban on price incentives ...
Louvre director says museum is 'out of breath'
Louvre Director Christophe Leribault stated that the museum is "out of breath" and requires significant investment following a major jewelry robbery last year. The world-famous museum in Paris is curr...
15 million extra for electric tractor and machinery subsidies
Dutch Agriculture Minister Jaimi van Essen has allocated an additional 15 million euros to fund subsidies for electric tractors and agricultural machinery. This increased budget aims to allow more far...
Laren overtakes Bloemendaal: average house value hits one million
Laren has overtaken Bloemendaal as the municipality with the highest average property values in the Netherlands, according to new data from the Central Bureau of Statistics. The average WOZ-value in L...
G7 leaders agree to increase pressure on Russian economy
G7 leaders have issued a joint statement reaffirming their support for Ukraine and its territorial integrity. They agreed to further increase economic pressure on Russia's war economy to address the o...
Nearly a quarter million young people want to work more hours
Nearly a quarter of a million young employees in the Netherlands want to work more hours than their current contracts allow. While over two-thirds of workers under the age of 30 prefer full-time emplo...
Retailers see higher turnover, especially from online sales
Retailers in the Netherlands saw a 2.2 percent increase in turnover during the first quarter compared to the previous year. According to data from Statistics Netherlands (CBS), this growth was primari...
Young farmers warn minister: ‘People are fed up with the flip-flopping in The Hague’
Merel Straathof, representing young farmers, warned the Dutch government that leaked nitrogen plans lack a clear future perspective for the sector. She specifically criticized proposed buffer zones ex...
Home values continue to rise: average assessed value more than 10 percent higher than last year
Dutch home values continue to rise, with the average WOZ-waarde reaching 439,000 euros this year. This represents a 10.3 percent increase compared to last year's average of 398,000 euros, according to...
Utrecht overtakes North Holland as province with highest property values
According to new figures from Statistics Netherlands (CBS), Utrecht has overtaken North Holland as the province with the highest average property (WOZ) value. This marks the first time that average ho...
Battle over Spaarnwoude funding reignites: Haarlem and Haarlemmermeer take on Amsterdam and Velsen
The municipality of Haarlem is raising concerns over a funding shortage for the Spaarnwoude recreation area, specifically for the years 2028 and 2029. While Haarlem and Haarlemmermeer are pushing for ...
Webshop withdrawal buttons still missing, which could benefit consumers
Starting June 19, webshops and apps are legally required to feature a clearly visible button allowing consumers to cancel purchases within 14 days. Many retailers have yet to comply with this regulati...
Rental market for the ‘happy few’: square meter prices double and supply plummets
The private rental market in the Netherlands has seen square meter prices double over the past fifteen years while the supply of available homes has drastically decreased. According to a report by ren...
Big business lawyer and idealistic social democrat: this is the new Finance alderman Hendrik Jan Biemond
Company behind DigiD appeals takeover ban
Solvinity, the company responsible for the DigiD authentication system, is appealing a government decision to block its acquisition by the American firm Kyndryl. State Secretary Willemijn Aerdts prohi...
Study: Socioeconomically disadvantaged receive harsher sentences
A study by the Research and Data Center (WODC) has found that socio-economically disadvantaged suspects in the Netherlands receive harsher sentences on average than those who are more affluent. This r...
Trump prevents Europe from protecting itself against hackers with powerful AI model: ‘Bloodbath looms’
Former U.S. President Donald Trump has restricted the export of the powerful AI software Mythos, preventing Europe from using it to defend against major cyberattacks. The European Union has criticized...
'Fifty guilders from nursing home for Hollandse Nieuwe': Playful stunt by Waasdorp fishmonger at start of herring season
Fish shop Nico Waasdorp in IJmuiden celebrated the start of the herring season by selling 'Hollandse Nieuwe' for one Dutch guilder each, approximately 45 euro cents. The promotion is a playful respons...
Nitrogen plans leaked: fewer cows and stricter measures near nature reserves
The Dutch government plans to implement stricter nitrogen regulations requiring livestock farms within one kilometer of major nature reserves to significantly downsize. This measure aims to address na...
Six people aged 15 to 30 arrested in bank helpdesk fraud investigation
Borrowing instead of buying at Dille & Kamille: ‘We are implementing a different way of consuming’
The retail chain Dille & Kamille is launching a new initiative that allows customers to borrow household items, such as pasta machines, instead of purchasing them. This service is intended to promote ...