Business

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.

Looking for a job
Feb 13 '17 08:23

Long-term unemployment in the Netherlands decreased in 2016 for the firs time since 2009, Statistics Netherlands announced on Monday. There was even a decline among older workers, though the decrease was less significant than among younger age groups.

Koot lamp shop on Raadhuisstraat in Amsterdam
Feb 10 '17 11:25

Amsterdam lamp store Koot is closing shop after 120 years of business in the Dutch capital. At the end of next week the store on the corner of Keizersgracht and Raadhuisstraat is closing its doors, the Telegraaf reports.

The store was an institution in Amsterdam for decades and was known as a trend setter in the field of lighting. That can partly be attributed to its location - anyone entering Amsterdam via the Rozengracht could not help but notice the striking facade of the store, according to the newspaper.

Feb 9 '17 14:20

Today the Council of State will rule in a long-running case about closed window brothels on Bokkingshang in Deventer. Six years ago the municipality closed 33 of the 44 prostitution windows in the city's Red Light District. According to former prostitute Metje Blaak, all this did was move the sex industry online, De Stentor reports.

Scrooge McDuck
Feb 9 '17 12:00

The number of millionaires in the Netherlands, and in Amsterdam in particular, is still on the rise, Statistics Netherlands announced on Thursday. The statistics office attributes this, at least partially, to the in the country. 

Feb 9 '17 11:18

Discount airlines may soon offer cheap trans-Atlantic flights from Amsterdam's Schiphol Airport. Budget airline Norwegian plans to start offering long-haul flights from Schiphol by next year, CEO of the airline Bjorn Kjos confirmed to Luchtvaartnieuws.nl. 

Feb 9 '17 09:17

More than half of the 400 chemical- and other companies with a large risk factor in the Netherlands violated safety rules over the past two decades, the Volkskrant reports based on a survey of inspection reports. Over a fifth of the cases involved a medium to serious violation, according to the newspaper.

european union
Feb 9 '17 08:42

If the European Union falls apart, the Netherlands would face severe consequences, according to Rabobank. The Dutch economy will shrink by 10 to 15 percent, unemployment will double and welfare will remain structurally lower than when the Netherlands was part of the internal market. Should the EU stay together, but the Netherlands decides to step out, the consequences would be even more disastrous, the bank predicts, RTL Nieuws reports.

Feb 8 '17 14:05

Dutch banks will soon be implementing an IBAN name verification for all money transfers in an attempt to prevent erroneous transfers, the Dutch Payments Association announced on Tuesday, ANP reports.

Feb 8 '17 09:48

Despite a decrease in the wealth gap in the Netherlands, the number of households living in long-term poverty increased to 3.3 percent of households in 2015, Statistics Netherlands announced on Wednesday. In 2015 a total of 221 thousand households lived below the minimum income threshold for more than four years, 27 thousand more than in 2015.

Bill Clinton spotted in Amsterdam, 6 Feb 2017
Feb 7 '17 16:55

Former American president Bill Clinton was spotted eating traditional Dutch dish stamppot at Amsterdam restaurant Tomaz in Begijnensteeg on Monday, AT5 reports.

It took the chef at the restaurant a minute to decide what to make for the 42nd president of the United States, he said to the Amsterdam broadcaster. "I had to see what I could make. Well, we do a lot with forgotten vegetables, we make some samppotjies. Those kinds of things." So Clinton got a real Dutch stamppot - traditionally made with whatever vegetables you have leftover in the fridge. 

Taxi
Feb 7 '17 13:20

On Tuesday the court in Haarlem gave the municipality of Haarlemmermeer to ban taxis from Schiphol who do not have a permit for the official taxi stand at the airport, NOS reports. 

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