Business

Retirement
Apr 18 '19 10:50

Millions of Dutch retirees may soon face a reduction in their pensions, the large pension funds warn in their quarterly reports. Time is running out in particular for metal funds PME and PMT. There seems to be small chance that they will get their financial position in order in time to prevent cuts, NU.nl reports.

Tourists at a tulip field
Apr 18 '19 10:00

One million tourists are expected to visit the Netherlands during the Easter weekend, 150 thousand more than last year, according to the Netherlands board of tourism and convention NBTC. Mainly tourists from the Netherlands' neighboring countries will visit this weekend, NOS reports.

Around two thirds of the Easter visitors come from Germany and a quarter from Belgium, the NBTC estimates. In addition, some 350 thousand Dutch people will also go on holiday in the Netherlands this weekend. 

Apr 18 '19 08:29

Motorists can expect busy roads in the Netherlands on Thursday afternoon and evening. As the long Easter weekend starts, traffic jams will be longer and start earlier, public works department Rijkswaterstaat expects. The first traffic jams are expected to start forming around 2:00 p.m., NU.nl reports.

ASML headquarters in Veldhoven
Apr 17 '19 12:00

It wasn't the Chinese government, but South Korean tech company Samsung that was behind corporate espionage at Dutch chip machine maker ASML, CEO of the Dutch company Peter Wennink suggested in an interview with broadcaster NOS.

University of Amsterdam
Apr 16 '19 15:10

The University of Amsterdam wants to build 3 thousand student homes in Almere, in an effort to help solve the housing shortage. Almere is willing to consider the request, but wants something in return. The Netherlands' youngest city wants the University of Amsterdam to open a branch in the city, Het Parool reports.

Amsterdam
Apr 16 '19 12:40

Last year Amsterdam counted more than 10 thousand homes with a value of at least one million euros, 34 percent more than in 2017. The 10 streets in the Netherlands with the most homes worth over a million euros, are all located in Amsterdam, according to figures from real estate company Calcasa, Het Parool reports.

Apr 16 '19 11:50

The left-wing opposition parties GroenLinks, SP and PvdA want multinationals like Shell to pay profit tax in the Netherlands. They are submitting a bill to achieve this to the Tweede Kamer, the lower house of Dutch parliament, later this week, NOS reports.

Jet Airways
Apr 15 '19 13:30

Jet Airways is canceling more flights to and from Amsterdam. All flights between Schiphol and India scheduled for Tuesday, Wednesday and Thursday are canceled, the financially troubled Indian airline confirmed to NL Times in a statement. 

Jet Airways flies between Amsterdam and Bengaluru (commonly known as "Bangalore"), Delhi, and Mumbai in India, and also Toronto, Canada. The airline suspended the route between Amsterdam and Toronto on April 11th "until further notice", a Jet Airways spokesperson said to NL Times by email.

King Willem-Alexander and Queen Maxima
Apr 15 '19 12:40

Support for the Dutch monarchy among young people fell sharply over the past years. In 2007, 70 percent of Dutch between the ages of 18 and 34 were enthusiastic about the Royal Family, last year it was only 55 percent, according to surveys by Ipsos commissioned by NOS. 

Shopping
Apr 15 '19 08:50

The Dutch economy, measured by gross domestic product, grew by 2.7 percent last year. That is somewhat less growth than in 2017, when the highest economic growth since the financial crisis was achieved, Statistics Netherlands reported on Monday.

As in previous years, the economic growth in 2018 was largely due to increased employment. Household consumption contributed most to the economic growth last year. Investments in fixed assets also made a larger contribution. In previous years, foreign trade was the driving force behind the economic growth.

Entrance to parking in front of the NH Barbizon Palace in Amsterdam
Apr 15 '19 08:20

Amsterdam implemented its massive parking rate increase on Sunday, thereby cementing the city's position as the most expensive Dutch city to park in. From now on, parking in the city center costs 7.50 euros per hour, instead of 5 euros, NOS reports.

Hudson's Bay opens on the Rokin in Amsterdam, 5 Sept 2017
Apr 12 '19 14:20

The parent company of the Hudson's Bay stores in the Netherlands, Karstadt in Germany, is considering closing stores this year or having the company declared bankrupt, the German WirtschaftsWoche reported based on internal documents on Friday.

Sissy-Boy
Apr 12 '19 13:30

The Sissy-Boy chian was declared bankrupt by the court of Amsterdam on Friday. The company filed for deferment of payment earlier this month. At that time, the company had 45 of its own stores and 600 employees, NU.nl reports.

The group made an attempt to become more profitable last year, by cutting costs and investing in stores. But like with many other retail chains in the Netherlands, Sissy-Boy suffered under a disappointing summer and winter, according to the newspaper. 

ASML headquarters in Veldhoven
Apr 12 '19 12:40

The suggestion that Dutch chip machine manufacturer ASML was "somehow victim of a national conspiracy is wrong", CEO Peter Wennink said in a statement about reports that Chinese spies stole trade secrets from the company. "The facts of the matter are that we were robbed by a handful of our own employees based in Silicon Valley, who had broken the law to enrich themselves."

1024px-Jet.airways.a340.london.arp
Apr 12 '19 08:43

After having one of its Boeings seized at Schiphol Airport on Wednesday, cash-strapped Indian airline Jet Airways canceled almost all of its flights to and from Amsterdam on Friday. The cancelations are due to "operational reasons", the financially troubled airline said, according to various media outlets.

Amsterdam_Zuidoost_ING-Bank_02_PM07
Apr 11 '19 17:00

The average Dutch household now spends a larger share of their income on basic needs like housing, healthcare and energy than in 2008. They therefore have less money left over for services and items. As a result, households now consume less than before the crisis, while at the same time spending more money, ING's economic office said on Thursday, NU.nl reports. 

Office space
Apr 11 '19 12:50

Last year 28 percent of all employees in the Netherlands often or always received so much information in a working day that they had difficulty processing it quickly enough. In 2014 it was 25 percent, according to a study by Statistics Netherlands and TNO.

Employees who experience information overload are more often dissatisfied with their working conditions and have a stronger desire to leave their current employer and find a new job, according to the study.

ASML headquarters in Veldhoven
Apr 11 '19 08:36

Chinese spies stole trade secrets from Dutch chip machine maker ASML, causing hundreds of millions of euros worth of damage, Financieele Dagblad reports based on its own research. This is the largest known espionage case ever at a Dutch company, the newspaper writes.

Rookworst
Apr 10 '19 17:10

In the coming years Hema will be fully committed to sustainability. Part of that is creating vegan variants for all its most popular products, including the company's iconic smoked sausage, or rookworst as it is known in the Netherlands. 

All of Hema's food products will eventually be given a vegan version, CEO Tjeerd Jegen said to Het Parool. The company already offers a vegetarian sausage roll and vegan apple pie. Pastry tompouce is a bit more complicated, but will also be looked at eventually, he said. 

Brexit
Apr 10 '19 16:20

More companies are looking to settle in the Netherlands after the Brexit. Over the past six months Dutch central bank DNB received 35 applications for a license in the banking sector, the insurance sector, and "especially in the payment institutions and electronic money sectors", among others, the bank said on Wednesday.

Primary school classroom
Apr 10 '19 13:50

An unevenly distributed teacher shortage is putting the future of Dutch education at risk, the Education Inspectorate said in its annual State of Education report. The quality of education is still on par on average, but to maintain that level, "hard choices" will have to be made, the Inspectorate said, NU.nl reports.

Refueling
Apr 10 '19 08:00

Petrol and diesel prices continue to rise. The national suggested retail price for a liter of Euro95 is currently 1.80 euros, the highest in five years. The suggested retail price for a liter of diesel is 1.46 euros. The petrol price increased by around 20 cents since the start of this year, the diesel price by about 10 cents, NOS reports.

Pete Hoekstra with Mirjam Salet in Gouda
Apr 9 '19 20:00

Last week, U.S. Ambassador to the Netherlands, Pete Hoekstra, was named an honorary cheese Weighmaster by Gouda Mayor Mirjam Salet at the annual opening of the city's historic cheese market. "I’ll continue to promote the cheese to our American friends," he reportedly said.

Stef Blok
Apr 9 '19 16:50

The Dutch government is willing to give the British another postponement for the United Kingdom's departure from the European Union, because it is also in the Netherlands best interest. "The Dutch interest is that there should be a regulated Brexit and not a hard Brexit. If postponement contributes to that, it is positive", Minister Stef Blok of Foreign Affairs said, NU.nl reports.

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