Business

Jan 25 '17 13:05

Financial institutions who want to move their headquarters from London to Amsterdam due to the Brexit, do not have to worry about the strict Dutch bonus legislation, Minister Jeroen Dijsselbloem of Finance said to RTL Z on Wednesday. 

Jan 24 '17 17:00

The number of personal bankruptcies dropped to its lowest level since 2000 in 2016, continuing the downward trend of the last three years, Statistics Netherlands said on Tuesday. Last year there were a 1,545 personal bankruptcies in the Netherlands, about a quarter less than in 2015 and 62 percent less than in 2013. 

According to Statistics Netherlands, the decrease can be attributed to the fact that economic conditions in the Netherlands improved significantly since 2013. 

Jan 24 '17 16:25

Amsterdam is in talks with numerous financial firms currently based in London about relocating to the Netherlands due to Britain's decision to leave the European Union, deputy mayor Kasja Ollongren confirmed, according to The Guardian. "They [financial institutions] are all preparing themselves. They don't know exactly what they have to prepare for because the situation is unclear and it will take some time until it is more clear. Financials and others are looking at possibilities and very often Amsterdam is on the shortlist", Ollongren said, according to the newspaper.

Jan 24 '17 13:30

The construction of new homes in the Netherlands will see a temporary decline this year, ABN Amro predicts based on the number of building permits issued last year. Between January and November 2016, the bank issued 45 thousand permits for the construction of new housing - a slight decrease from the 49 thousand permits issued in the same period in 2015, ANP reports.

The number of housing construction permits started increasing again in May last year. The bank therefore expects that the decline in the construction of new housing will be short lived and will pick up again in 2018. 

Jan 24 '17 12:55

Philips is at loggerheads with American authorities over the production of defibrillators - FDA inspections revealed a number of shortcomings, according to ANP. The company is in talks with the U.S. department of Justice, acting on behalf of the FDA, on the matter. The company's value dropped by 4 percent after this was revealed on Tuesday morning. 

Jan 23 '17 10:41

Dutch media mogul John de Mol's company Talpa made a bid for acquiring media group TMG, the parent company of Dutch newspapers De Telegraaf and Metro, among others. The offer price is 5.90 euros per share, Talpa announced on Monday, ANP reports. 

Jan 20 '17 18:00

The Netherlands' largest solar farm officially opened on Thursday. The farm in Delfzijl consists of some 123 thousand solar panels and can produce 30 megawatts of power. It is expected to power some 10,000 homes, NU.nl reports.

The solar park is called Sunport Delfzijl is about as large as 65 football fields. It took German group Wirsol about a year to build. 

Jan 20 '17 13:20

The construction of 162 window brothels on n Utrecht was delayed for the time being. An investigation into the investor revealed that "a serious dangerous" exists that crimes are being committed with the property that was to be built, Utrecht Mayor Jan van Zanen said on Thursday, ANP reports. 

Jan 20 '17 11:00

In December home prices in the Netherlands were 6.7 percent higher than in December 2015, the biggest increase since May 2002, Statistics Netherlands and the Land Registry announced on Friday.

Throughout 2016 the prices of homes increased about 5 percent, continuing the upward trend of the past years. Compared to the low point in the housing market in June 2013, house prices in the Netherlands increased nearly 14 percent. The average price for an existing home is now back at the level of November 2005, but still 11 percent below the peak level of August 2008.

Jan 20 '17 10:20

Dutch beer giant Heineken confirmed rumors that it is working on acquiring Brazilian brewery Kirin Brasil in a short press release on Friday. Should Heineken take over the Brazilian brewery, the Dutch brewer's market share in the country would double, BNR reports.

"In response to speculation in the media over Kirin, Heineken can confirm that it is in talks with Kirin about the Brazilian branch. These discussions are ongoing and it can not be said that there will actually be an agreement", the Dutch beer giant said in a press statement.

Jan 19 '17 15:20

Amsterdam has the fourth most expensive public transport of all major European cities, according to the Relocation Price Index compiled by Movinga - an online platform for long-distance moves, AD reports.

According to the index, Amsterdam's public transit costs an average of 87.50 euros per month. Only London, Dublin and Cologne are more expensive in Europe. Cities like Berlin, Manchester, Copenhagen and Bordeaux are considerably cheaper. 

Peter Wakkie
Jan 19 '17 14:45

Dutch business executive Peter Wakkie was not exactly surprised when he was airport in Spain on Monday. "I saw it coming", he said in a telephonic interview with Financieele Dagblad on Thursday. Wakkie was arrested as part of an investigation into a criminal organization, money laundering and bankruptcy fraud, a spokesperson for the Spanish police confirmed to the newspaper. 

Jan 19 '17 14:10

The best way to deal with Dutch coal-fire power plants is not closing them, but making them more sustainable, according to a yet to be published study by Frontier Economics, which the Financieele Dagblad got its hands on.

According to the study, the CO2 emissions from the coal plants can be stored in old gas fields. And biomass can be burned in the plants. That solution is relatively cheap and saves a lot on greenhouse gasses. 

NS trains
Jan 19 '17 13:00

Travelers association Rover received nearly 7 thousand complaints about the new NS train schedule since it was implemented on December 11th. That is almost five times more than the usual level of complaints, the association said in Trouw on Thursday.

Rover set up a special hotline for complaints about the new schedule. So far about 3,500 complaints were lodged at that hotline. Another 3,300 complaints came in via the Rover website about overcrowded trains. And the complaints keep streaming in. In a normal month, Rover gets about 1,500 complaints in a normal month. 

Looking for a job
Jan 19 '17 09:53

2016 saw the biggest drop in unemployment in the Netherlands in 10 years, according to figures from Statistics Netherlands. The unemployment rate dropped from 6.6 percent of the workforce in December 2015 to 5.4 percent in December 2016. The last time there was such a big decline in unemployment was in 2006, the statistics office announced on Thursday.

Last month 482 thousand people in the Netherlands were registered as unemployed and seeking work. That is 17 thousand fewer than in November 2016 and amounts to 5.4 percent of the workforce. 

19 m2 Amsterdam apartment listed for sale at 159 thousand euros, 18 Jan 2017
Jan 18 '17 17:25

The overheating Amsterdam housing market is reaching extreme levels. A 19 m2 apartment on Jan Bernardusstraat is currently listed for sale for 159 thousand euros. That amounts to over 8,300 euros per square meter, RTL Nieuws reports.

The average price per square meter for that neighborhood, on the edge of the city center, is currently between 4 thousand and 5 thousand euros, according to the broadcaster. 

Chanel store with a glass facade on PC Hoofstraat in Amsterdam
Jan 18 '17 15:05

Something seems to be going wrong with the famed glass facade of the Chanel store on PC Hoofstraat in Amsterdam, according to trade magazine Vakblad Bouwereld. The stacked blocks and frames of solid glass seem to be cracking. Further investigation will be done, the magazine promises. 

Lelystad Airport
Jan 18 '17 13:55

The Dutch Council of State approved expansion plans for Lelystad Airport. On Wednesday the Council ruled that the objections to the zoning plan for the airport are ungrounded, ANP reports.

The zoning plan states that the airport's runway can be extended from 1,250 meters long to 2,700 meters and from 30 meters wide to 45 meters. This makes the airport suitable for heavier aircraft types, something that is essential for the plans to have Lelystad take over some of Schiphol's traffic.

Jan 18 '17 12:10

Saturday is National Tulip day in the Netherlands. And as is by now a tradition, the start of the tulip season will be celebrated with a large tulip picking garden on Amsterdam's Dam square. This year Den Bosch also decided to take part.

On Saturday tulip workers will install the massive tulip garden on Dam square, which will contain 200 thousand tulips in various colors, according to AT5. From 1:00 p.m. everyone is welcome to come and pick a bouquet for themselves, free of charge. The municipality expects that the flowers will be done around 4:30 p.m.

Garbage
Jan 18 '17 11:00

A garbage man from Hendrik-Ido-Ambacht found 15 thousand euros while working two years ago. He now has to hand that money over to his employer HVC, the court of appeals ruled, RTV Rijnmond reports.

The man found the money while taking a printer apart two years ago. He paid a colleague 3 thousand euros not to tell about the discovery, according to the broadcaster.

Some time later the man told his boss what he had done, but refused to give up the money. The matter ended up in court.

Mental health institute GGZ in IJpelaar in Breda
Jan 18 '17 09:39

About 1,500 psychiatrists working at 41 mental health institutions went on strike on Tuesday in protest against their pension plans. They want their employers to pay the employer's contribution to their pension plans, which they've been withholding for two years, ANP reports.

For the strike the psychiatrists worked on a weekend schedule on Tuesday, only giving emergency treatments. All regular treatments and sessions were canceled. According to the psychiatrists, this was the first time they took action against their employers. They felt they have no other choice.

Jan 18 '17 09:15

Minister Henk Kamp of Economic Affairs filed an appeal against a court ruling that stated that he can not simply refuse permission for exploratory drilling for shale gas, Omroep Flevoland reports.

The appeal was made in a case brought by British company Cuadrilla. The company wanted to do exploratory drilling for shale gas in the Noordoosttpolder, among other places. Kamp decided not to renew the company's permit to do so, given the social unrest on gas extraction.

Jan 17 '17 16:55

The Netherlands came in 7th place on the Inclusive Development Index (IDI), which was presented at the World Economic Forum in Davos, Switzerland on Monday. The IDI was developed as an alternative to measuring a country's growth by only looking at its gross domestic product.

Jan 17 '17 13:00

Nuon will soon be charging an hourly rate for charging your car at one of the 1,240 charging points the company will be installing in Brabant and Limburg over the next two years. The company hopes that this will help solve the problem of overcrowded charging points, the Volkskrant reports.

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