Business

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.

Mar 14 '17 12:50

Since the introduction of the public transit card in 2008, train ticket prices increased by as much as 35 percent, about twice as much as inflation, according to calculations by newspaper AD and treinreiziger.nl. 

Mar 14 '17 08:56

Amsterdam got 12th place on Mercer's annual list for the best city to live in. Vienna came in 1st place, the eighth year in a row that the Austrian capital topped the list, RTL Nieuws reports.

Consulting firm Mercer assessed the cities on quality of life by looking at factors such as infrastructure, healthcare, education and crime rate. 

Mar 13 '17 14:20

Air France-KLM is increasing its offer in the new summer schedule by 3 percent, compared to last year's summer schedule. A record number of 53 destinations will be added, both European and long-haul destinations, the French-Dutch airline group announced on Monday, ANP reports.

The French-Dutch group is increasing its intercontinental destinations by 2 percent and short and mid-length flights by 2.7 percent. As in previous years, budget subsidiary Transavia is increasing its offer the most. The budget airline's capacity is increasing by 10 percent.

Mar 13 '17 08:27

The members of Outlaw Motorcycle Gangs are increasingly meeting in pubs and restaurants in the Netherlands, Zwolle mayor Henk Jan Meijer said to newspaper AD. According to him, this is due to the closing of clubhouses.

Meijer is chairman of a national consultative group that is working to address the problem of motorcycle gangs in the Netherlands. The group is made up of representatives from, among others, the Public Prosecutor, tax investigative authority FIOD, police and local authorities.

An electronic stethoscope
Mar 10 '17 13:45

Rotterdam wants to offer all its residents a health insurance policy with a deductible of only 50 euros. The rest of the legally set healthcare deductible is already included in the slightly higher than normal monthly premium, but lowered thanks to a group discount from the insurer, the Volkskrant reports.

Balconies
Mar 9 '17 16:20

Hundreds of balconies of at least 10 apartment buildings in Venlo are closed to their owners by order of the municipality. There are problems with the reinforcement of the balconies' concrete slabs and the balconies may not be safe, RTL Nieuws reports.

This involves at least 10 apartment buildings that were built in the 1960's on Karel van Egmondstraat, Vinckenhofstraat and Groenstraat. 

Mar 9 '17 15:45

The average age of homebuyers in the Netherlands increased significantly over the past years, according to figures from Statistics Netherlands and the Land Registry. That can only partly be explained by the increasing age of the Dutch population, and likely has more to do with stricter mortgage rules and rising property prices, according to the statistics office.

Mar 9 '17 11:40

AkzoNobel rejected an unsolicited takeover bid from American company PPG Industries, the Dutch paint and chemicals company announced on Thursday morning after PPG's bid leaked to the media. According to AkzoNobel, the PPG offer is too low and not in the interest of shareholders, customers or staff, ANP reports.

PPG offered 54 euros in cash and 0.3 PPG shares for each AkzoNobel share. Using the PPG share price on February 28th, the bid amounted to 83 euros per AkzoNobel share. The Dutch company's stock closed at 64.52 euros per share on Wednesday. 

Taco Bell
Mar 9 '17 11:05

An American fast food invasion seems poised for the Netherlands this year. A record number of five new-to-the-Netherlands  American food chains will be opening in the country  in 2017, according to Metro Nieuws.

I Amsterdam sign in rainbow colors to celebrate the 15th anniversary of marriage equality in the Netherlands, 1 Apr 2016 (Photo: @iamsterdam/Twitter)
Mar 9 '17 10:30

Last year Amsterdam created 1,370 new homes in the city by converting unused office buildings. Over the next two years another 250 vacant office buildings will be converted, creating an estimated 4 thousand new homes, the city announced in a press release.

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