Business

Feb 19 '17 09:00

On Thursday restoration work on the Amstel Hotel in Amsterdam officially started. The restorations are expected to take a year and a day - the same amount of time it took to build the most prolific hotel in the Dutch capital, Het Parool reports.

Feb 18 '17 09:00

Last year Schiphol saw the most growth of all major airports in Europe. The number of passengers that traveled through the Amsterdam airport increased by 9.2 percent to almost 64 million, thereby passing the airports in Frankfurt and Istanbul and taking the third spot on the list of Europe's busiest airports, NOS reports. 

The top five airports in Europe now are:

Heinz ketchup
Feb 17 '17 14:46

Unilever announced that it rejected a merger proposal brought by food giant Kraft Heinz on Friday, saying that the 125 billion dollar approach "fundamentally undervalues" the Anglo-Dutch company. Kraft Heinz is not giving up however and will continue to negotiate, Reuters reports.

Feb 17 '17 13:45

The Dutch government is implementing stricter rules for very high salaries that are paid with tax money, such as those of presenters for public broadcasters or managers in healthcare. From now on workers in the public and semi-public sector may no longer earn more money than Ministers, Minister Ronald Plasterk of Home Affairs announced on Friday, ANP reports.

Feb 17 '17 12:00

The Amsterdam city council adopted a proposal made by the D66, PvdA and GroenLinks to limit the certificate of good behavior rule at some jobs in the city, including jobs at the Amsterdam municipality itself. This means that young people with a criminal record now have a better chance at finding work in the Dutch capital, Het Parool reports.

Couch potatoes
Feb 17 '17 11:20

About 138 thousand Dutch twenty-somethings have no job and are not following any form of training, according to education organizations MBO Raad and NRTO. The groups are very concerned that these young adults will fall by the wayside, ANP reports.

"If we do nothing, this group will be the next lost generation, condemned to be on welfare until their retirement", Tom Heerts, chairman of the MBO Raad, and Hans Hillen, Charman of NRTO, said. 

Greenpeace activists build a pipeline into ING's headquarters in Amsterdam to protest the bank funding the Dakota Access pipeline, 16 Feb 2017
Feb 16 '17 16:45

On Thursday morning a group of about 20 Greenpeace activists dug room for and planted 15 meters of super heavy pipe sections at the ING headquarters in Amsterdam Zuidoost. They did so to protest against the Dutch bank's part in financing the highly controversial Standing Rock pipeline in Dakota, United States, Het Parool reports.

Election time in the Netherlands - directions to voting stations
Feb 16 '17 13:35

Voters will have quite a selection to choose from in the parliamentary elections next month when it comes to picking a political party based on the financial and economic choices, according to calculations by Dutch central planning office CPB. A major difference between this and last election is that the parties are focused on spending money now that the economy is recovering, instead of the 2012 election's focus on cutbacks in the aftermath of the financial crisis, NU.nl reports.

Looking for a job
Feb 16 '17 11:35

Amsterdam more than reached its goal on helping unemployed people in the city find work last year. In 2016 a total of 5,927 Amsterdam residents on welfare went back to work. The target was 4,200, the city announced in a press release, AT5 reports.

The city also guided more than 6,900 unemployed young people into training or work and another 4,500 long-term unemployed Amsterdam residents now volunteer or have meaningful daytime activities, according to the press release.

Lady Justice
Feb 16 '17 10:54

Nearly a quarter of the Ministry of Security and Justice's employees are so unhappy that they want to resign, according to an internal satisfaction survey at the Ministry. A main complaint is a heavy workload caused by political turmoil surrounding the Ministry, ANP reports.

The survey was dome among 1,300 officials working at the Ministry. A Ministry spokesperson confirmed the figures to NU.nl on Thursday and called them "worrisome". 

Feb 16 '17 09:07

French-Dutch airline group Air France-KLM saw a significant increase in profits over 2016. The net profit for the company amounted to 792 million euros last year, compared to 118 million in 2015. The operating result also increased sharply to 1.05 billion euros, NU.nl reports

The company benefited from cost cutting measures and a lower fuel bill. But did suffer from an increasing

Feb 15 '17 12:10

Energy company ENGIE may perform exploratory drilling for natural gas north of the North Sea island Schiermonnikoog. On Tuesday the Council of State declared objections to the exploratory drilling unfounded. No further appeal is possible, NU.nl reports.

Feb 15 '17 10:58

If American president Donald Trump goes through with his plan to protect the United States' industry with tariffs on imported goods and services, the Dutch economy could suffer a loss of billions of euros, according to calculations by ING Bank, Financieele Dagblad reports.

The bank based its calculations on a U.S. import duty of 10 percent. If that is the case, the Netherlands will export 3.7 billion euros less to the United States. That will result in the Dutch gross domestic product being 0.3 percent lower, according to the bank. 

Feb 15 '17 10:22

Traveling to the United States by plane is getting cheaper and cheaper, according to figures from Skyscanner. Last year the average price for a return ticket from the Netherlands was 652 euros, 11 percent cheaper than the average of 734 euros such a ticket cost in 2015. Similar developments can be seen in flights to Canada, AD reports.

Ticket prices are also declining in the rest of the world, partly due to lower fuel prices. But at a decline of 3 percent, it is much less than the 11 percent fall in prices for tickets from the Netherlands to the United States and back. 

Feb 14 '17 13:25

Over this weekend union FNV received complaints from hundreds of employees and former employees of the 16 Primark branches in the Netherlands. The union launched an investigation into the working conditions at the clothing chain after workers in Groningen complained last week about intimidation, heavy workloads, ignored health complaints and being watched in staff areas, AD reports. 

Feb 14 '17 12:45

An increasing number of companies from the United Kingdom are considering making a move to the Netherlands. The main reason for them to move across the Channel is the fact that the Brexit will likely mean more difficult trading with the European Union from within Britain, NRC reports

The fact that British Prime Minister Theresa May announced last year that in addition to the EU, the Brits also want to leave the European internal market, reinforced many companies' determination to move across the Channel, according to the newspaper. 

Feb 14 '17 12:10

The Dutch economy grew by 2.1 percent in 2016, the strongest growth since 2007, according to preliminary figures Statistics Netherlands released on Tuesday. The economy of the Netherlands has shown steady growth for 11 quarters in a row, ANP reports.

In the fourth quarter of 2016 the economy grew by 0.5 percent. Compared to the fourth quarter of 2015, the growth was 2.3 percent. 

Feb 14 '17 09:20

Translink, the company behind the Netherlands' public transit card, made a massive 55 million euros in profits over the past five years, newspaper AD reports. According to the newspaper, consumer organizations are absolutely shocked by this revelation as it was always said that the card only covers costs.

Feb 13 '17 16:45

Dutch brewer Heineken the currently loss-making Brazilian breweries of Japanese brewer Kirin Holdings, Heineken announced in a press release on Monday. Heineken, the second largest brewer in the world, will pay 1.025 billion euros in cash and debt acquisition for 12 beer brewing locations, production facilities and the distribution network Kirin Brasil has in place.

An Amsterdam bridge designed by architect Piet Kramer in 1921
Feb 13 '17 15:50

Historic bridges in Amsterdam's Watergraafsmeer are in dire need of repair, the Heemschut Heritage Association wrote in a letter to Amsterdam district Oost, Het Parool reports.

The association is referring to bridges around the Galileiplantsoen and Arcihmedesplantsoen, according to the newspaper. They were designed in the Amsterdam School-style by architect Piet Kramer in 1928. 

Feb 13 '17 15:15

Smart Robotics, the Netherlands' first employment agency for robots, will soon offer a training course to teach people how to work with robots. "Automation means that jobs disappear, that is unavoidable. We want to retrain people who previously did the robot's job. In many cases they will work with the robot in the future", Heico Sandee, co-founder of Smart Robotics, said to NU.nl.

Feb 13 '17 10:34

The flu epidemic costs Dutch employers a conservative estimate of 1.1 billion euros in sick leave days per year, according to calculations by Financieele Dagblad. Last week research institute Nivel announced that the number of people hit with the flu this season increased to an average of 136 per 100 thousand people. The week before it was 92 per 100 thousand people. In previous years the annual epidemic reached its peak in February.

Feb 13 '17 09:51

A group of Dutch multinational companies signed a pact and started a "broad movement" against "encroaching populism and negativism", two representatives of the movement said to Financieele Dagblad on Saturday. This movement will not only fight negativity, but also boost the Dutch economy, they said.

Feb 13 '17 08:52

At least 18 percent of the nearly 700 thousand freelancers in the Netherlands lost work over the past year due to a new law against false self-employment, Dutch newspaper Trouw reports based on a study by the Chamber of Commerce which publishes on Monday. That amounts to 122 thousand affected freelancers.

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