Business

Mar 23 '17 08:16

The Dutch policies on fighting childhood poverty are ineffective and need to be revised, social and economic council SER said in advice to the upcoming government. Despite numerous efforts by government and various organizations, child poverty is structural in the Netherlands, according to SER. While other countries manage to reduce it, NU.nl reports.

Mar 22 '17 15:35

Plans for a , can not count on support from Dutch public works department Rijkswaterstaat or Minister Melanie Schultz van Haegen of Infrastructure and Environment, ANP reports.

Uber
Mar 22 '17 15:00

Uber plans to increase the number of employees at its Amsterdam office from the current 400 to 1,000 over the coming decade. The taxi service is therefore moving to a larger location in the Dutch capital at the end of this year, the Telegraaf reports. 

Mar 22 '17 14:25

Schiphol added ten new routes to its summer schedule. Passengers flying from Schiphol airport can now choose from nearly 200 European destinations and over 100 intercontinental destinations, the airport announced, Up In The Sky reports. 

The number of flights to several already existing Schiphol destinations was also increased for summer. The summer schedule is in place from March 27th to October 28th.

The 10 new destinations are:

Mar 22 '17 09:37

The leaders of the Dutch armed forces are divided about whether or not to combine the command of the Navy and Army's elite units. The merge is intended to increase speed and efficiency, but mutual distrust and fear of losing power are standing in the merge's way, the Telegraaf reports.

In practice the Army and Navy elite units already work together very often, but their command posts are still separated. The marines fall under the command or the Commander of the Naval Forces and the commandos under his counterpart in the army.

Mar 22 '17 09:17

The Dutch advisory council for international affairs AIV expects that a trade agreement with the United Kingdom will not be possible within the first two years of the Brexit. In a recommendation to the yet-to-be-formed new Dutch government, the council advocates for a transitional period after the UK's official departure from the European Union, ANP reports.

Mar 22 '17 08:51

Triodos bank is the first Dutch bank to drop its interest rate to 0.0 percent. From April Triodos customers will no longer get any interest on their regular internet savings account, NOS reports. Triodos already had the lowest interest rate of all Dutch banks. In October the bank lowered its interest rate to 0.1 percent. 

Mar 22 '17 08:24

The Public Prosecutor is busy with a criminal investigation against ING in which the bank is suspected of involvement in international corruption, money laundering, violating rules for customer due diligence and failing to report unusual transactions, a spokesperson for the Prosecutor's Office confirmed to the Financieele Dagblad on Tuesday.

Mar 21 '17 15:55

An increasing number of Dutch tenants find themselves in long-term financial problems, according to a study by the Netherlands' environmental assessment agency PBL. In 2012 a total of 37 percent of tenants were barely able to pay their bills for four years in a row. In 2015 that increased to almost 55 percent, NU.nl reports.

According to the PBL, the increase in households in financial binds can partly be attributed to rising rental prices and housing costs. An influx of new households with relatively low income in the rental sector also plays a role. 

Mar 21 '17 13:00

The Hungarian government is planning to implement a law that would ban all symbols that refer to Nazi occupation or communist suppression, which according to them, includes the red star on Heineken's logo. This means that Heineken may be forced to change its label in Hungary, RTL Nieuws reports.

Statue of Liberty
Mar 21 '17 12:25

Amsterdam startup College Club is heading to New York City. The company, which focuses on continuous learning by hosting lectures given by a wide range of professionals about a wide range of topics, will be giving its first lecture in the American city next month, the company announced in a press statement.

Passengers exiting a train at Amsterdam Sloterdijk station
Mar 21 '17 11:00

This year train passengers are dealing with significantly more train delays due to faulty trains, according to public transit association Maatschappij Voor Beter OV. So far this year 188 trains broke down, 61 percent more than in the first quarter of 2015, according to figures AD got from the website rijdendetreinen.nl.

Taxes
Mar 21 '17 09:21

A number of tax advisors are suspects in a fraud case involving 2.7 million euros, the Tax authorities' investigative department FIOD announced on Tuesday. Five suspects were arrested. Their identities were not disclosed, ANP reports.

Over the past two weeks the FIOD raided seven offices and homes in Stein, Holten, Hoorn, Purmerend, Hendrik-Ido-Ambacht and Wezep. Computers and files were seized as well as bank accounts, cars, houses and cash. A massive 180 thousand euros in cash was found in one advisor's home. The origin of the money is under investigation.

Mar 21 '17 08:20

Last year Dutch airports broke the 70 million mark in passengers transported for the first time, compared to 64.6 million passengers in 2015. Schiphol Airport accounted for the bulk of these passengers, according to figures Statistics Netherlands released on Tuesday.

Mar 21 '17 07:54

Dutch banks ING and Amsterdam Trade Bank are listed with 730 other banks as financial institutions that helped Russian criminals launder money, international investigative journalist collaboration OCCRP revealed. A total of 19 billion dollars were laundered through these 732 banks between January 2011 and October 2014, according to the group, AD reports. 

Mar 17 '17 16:00

Former Tilburg University dean Arie de R. was arrested with two other suspects on Wednesday on suspicion of forgery, fraud and embezzlement, the Public Prosecutor confirmed to ANP.

The suspects are 71-year-old Arie de R., a 40-year-old woman and a 46-year-old man. 

De R. was the dean of the Faculty of Humanities at Tilburg University between 2007 and 2015. According to the news wire, the university allowed him to outsource part of his supervisory activities due to the heavy workload at the faculty. 

Vacation
Mar 17 '17 14:50

The ongoing resulted in hundreds of Dutch travelers rebooking their vacations to another destination, Arjan Kers, CEO of travel agency TUI Nederland, said to BNR.

"There are now several hundred, most of which found an alternate in Greece or Spain", Kers said, but added that "because a few hundred thousand Dutch annually go to Turkey on holiday, these numbers are not too bad."

Mar 17 '17 14:15

The top executives of companies listed on the Amsterdam stock exchange AEX earned an average of 5 million euros last year, about 1 percent more than the year before, according to an analysis done by the Volkskrant. 

Mar 17 '17 13:44

Dutch-Turkish media groups that support Turkish president Recep Tayyip Erdogan were supported for years with funding from the Dutch Ministry of Education, Culture and Science, Het Parool reports based on its own research. The Stimulation Fund for Journalism paid these media groups hundreds of thousands of euros in subsidies. Most of this money could not be recovered because the companies behind the media groups went bankrupt. 

According to the Fund, the majority of the companies went bankrupt because they "devoted little attention to the business side of their business."

Mar 17 '17 13:05

Last month the number of sold homes in the Netherlands was almost a fifth higher than in February last year, according to figures from the Land Registry. Compared to January, home sales increased by 7 percent, AD reports.

Last month the Land Registry recorded 17,708 sold homes. Sales increased for all types of housing. The biggest increase was in the sale of detached homes, 35 percent. The smallest increase, 14.7 percent, was in apartment sales.

Mar 17 '17 12:29

The European Commission gave Air France KLM a 310 million euros fine for NOS reports.

The Commission fined eleven airlines a total of nearly 800 million euros for this offense, according to the broadcaster.

Mar 17 '17 10:20

Unemployed over 55-year-olds are still less likely to find work than their younger counterparts, according to figures Statistics Netherlands released on Friday. 

Last year 7 percent of unemployed over 55-year-olds found work within three months. That is more than in previous years, but still less than younger age groups. In the age group 15 to 35 year olds, a third found work within 3 months. Among 35 to 55 year olds, one in five did so. 

Mar 16 '17 13:35

ING Bank will be nominating former Prime Minister Jan Peter Balkenende to sit on the bank's supervisory board. The nomination will be made at the Annual General Meeting (AGM) on May 8th. Along with Balkenende, the bank will also nominate Margarete Haase and Hans Wijers for positions on the board, ING announced on Thursday.

Mar 14 '17 15:45

A group of Dutch entrepreneurs, united under the name Legal Cannabis Coalition (LCC), wants to cultivate cannabis in the former Breda prison known in Dutch as the Koepelgevangenis, television program Brandpunt reports. The entrepreneurs and their companies have no experience in cannabis cultivation, but hope to get their hands on a large part of the cannabis market.

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