Business

ABN Amro
Mar 27 '20 10:12

The measures taken to curb the spread of coronavirus Covid-19 will result in the Dutch economy shrinking 3.5 percent this year, ABN Amro calculated on the assumption that the current restrictions will last about two months. Unemployment will be around 4.5 percent by this summer, compared to 2.9 percent in February, according to the bank.

Belastingdienst tax blue envelope
Mar 27 '20 09:34

For years the Tax Authority had hard targets for amounts that had to be recovered from paid allowances. If they did not reach these targets, they had to scrutinize more potential fraudsters to achieve the 'minimum yield', Trouw and RTL Nieuws report based on their own research.

Frank About Tea, an organization based at Impact Hub in Amsterdam
Mar 26 '20 19:33

In a partnership with Impact Hub Amsterdam, NL Times is sharing this list of 15 Dutch businesses which are still open for business, selling heir products while the country's restrictions caused by the ongoing international health crisis force society to change its behavior for the time being. The businesses are mostly selling food and beverages, and will happily deliver right to your doorstep (while maintaining an adequate amount of space).

ABN Amro logo on a building in Rotterdam
Mar 26 '20 17:41

ABN Amro took a 183-million euro hit to its profits after a single US client failed to meet margin calls required to keep trading. The bank pointed to the market turmoil during the coronavirus pandemic when it reported the loss in a statement at the beginning of the business day.

Buyers wait at a safe distance outside an Amsterdam Oost open house
Mar 26 '20 17:19

Approximately half of all homeowners in the Netherlands believe the value of Dutch real estate is set to decrease as a result of the ongoing coronavirus outbreak, a new survey by the consumer protection group Vereniging Eigen Huis reveals.

Schiphol Airport station in Amsterdam
Mar 26 '20 16:00

With the Netherlands urged to stay home as much as possible to prevent the spread of coronavirus, a video posted online Thursday morning showed how one NS train conductor is  "working" from home. It was viewed about 275 thousand times by late afternoon.

The video features the conductor, in full uniform, stepping out of his house, checking for stray passengers, checking the time, and then blowing his whistle to signal that all is safe, before stepping back into his house and shutting the door.

Moving
Mar 26 '20 13:35

Tenants who lost their income due to the coronavirus and measures taken to curb its spread and therefore can't pay their rent, can temporarily not be evicted, Minister Stientje van Veldhoven of Housing said in a letter to parliament on Thursday. The Minister made agreements with landlord organizations Aedes, IVBN, Kences, and Vastgoed Belang to this extent. The measure applies as long as the coronavirus crisis, NU.nl reports.

Tweede Kamer
Mar 26 '20 12:48

Several parties in the lower house of Dutch parliament are in favor of forcing pharmaceutical company Roche to release the manufacturing process and recipe of the coronavirus test they make, if this is necessary. This would make it possible for tests to be produced in the Netherlands, NOS reports.

Keukenhof
Mar 26 '20 12:20

The Keukenhof, a massive tourist attraction in the Netherlands, will not open at all this year. The measures in place to curb the spread of coronavirus Covid-19 mean that there is no sense in opening the flower park in Lisse, a spokesperson said to Omroep Brabant.

Feike Sijbesma
Mar 26 '20 10:41

The government appointed Feike Sijbesma, former CEO of biochemistry multinational DSM, as the special envoy for various aspects of dealing with the coronavirus, the Ministry of Public Health announced. He will firstly focus on Covid-19 tests and the availability thereof

Sijbesma will start working as envoy immediately. He will work closely with the Diagnostics Task Force set up by the Ministry of Public Health, Welfare and Sports.

Newspapers
Mar 26 '20 10:26

After the hospitality and entertainment sectors, the coronavirus and measures taken to curb its spread are claiming more victims in the Netherlands' business world. Technology start ups and local and regional door-to-door newspapers are facing serious trouble.

RAI Amsterdam
Mar 26 '20 09:29

Congress center RAI in Amsterdam and event hall Ahoy in Rotterdam are looking into whether and how they can serve as emergency locations to take in patients during the coronavirus crisis, the two venues confirmed to BNR.

RAI CEO Paul Riemens met with Amsterdam mayor Femke Halsema on Wednesday. Nothing concrete has been decided yet, he said to the broadcaster. "But if indeed it turns out that there will soon be too few beds, it is expected that an appeal will be made to the RAI," he said.

The Zuidas, Amsterdam’s large commercial business district, was virtually abandoned. 19 March 2020
Mar 26 '20 09:15

The coronavirus will definitely cause a recession in the Netherlands, according to a report central planning office CPB released on Thursday. The CPB calculated four scenarios depending on how long the measures to curb the spread of Covid-19 will remain in place, and all four scenarios resulted in a recession. In the best case scenario, the Dutch economy will shrink 1.2 percent this year, in the worst case it will shrink 7.7 percent. In three of the four scenarios, the shrink will be greater than in the 2008/2009 financial crisis, CPB said.

Parliament in the Netherlands
Mar 25 '20 18:57

Members of the House of Representatives convened this afternoon to debate with Finance Minister Wopke Hoekstra, pressing government to speed up emergency economic measures in the wake of the Covid-19 outbreak.

The measures in question, which would require significant changes to be made to the government budget, are aimed at aiding small businesses, entrepreneurs and self-employed workers in the Netherlands whose business has been affected by the Covid-19 pandemic.

A bike rental spot in Veere, Zeeland
Mar 25 '20 15:40

The municipalities in the coastal province of Zeeland are calling on tourists from Germany and the rest of the Netherlands to stay away during the coronavirus crisis. The care facilities in Zeeland really cannot accommodate any extra people, is their message, Metro reports.

Beursplein 5, home of the Euronext Amsterdam stock exchange
Mar 25 '20 13:10

The outbreak of the coronavirus will almost certainly result in a recession for the Dutch economy, according to Pieter Hasekamp, director of central planning office CPB. "We are still calculating, but a recession is almost inevitable," he said in an interview with the Telegraaf.

Contactless payment
Mar 25 '20 10:20

The Netherlands' Payments Association is increasing the maximum amount for which you can use contactless payment without inserting your PIN. During the coronavirus crisis, consumers can pay up to and including 50 euros using contactless payment methods without having to touch the payment terminal. The usual limit is 25 euros. 

Fletcher hotel along the A2 highway in Amsterdam Zuid
Mar 24 '20 15:10

Hotel chains Fletcher and Van der Valk are making hotels available as care centers for coronavirus patients and other patients to leave more room in hospitals. More than a hundred locations are ready to be converted for patient care within a short time, the two chains confirmed to NU.nl.

Grocery shopping
Mar 24 '20 13:18

Supermarkets and drug stores in the Netherlands will introduce a door policy starting immediately. One customer per 10 square meters is allowed inside, and once a store is full, customers will have to wait outside.

Taking a shopping cart is also now mandatory in supermarkets, even if a customer only wants one product, the central food trade association CBL announced on Tuesday, NU.nl reports.

Empty classroom
Mar 24 '20 11:55

The central exams for all school levels are scrapped for this year, Minister Arie Slob for Primary and Secondary Education announced in a press conference on Tuesday. The school exams will be leading in whether pupils pass or fail, and schools will be given more space to have pupils take these exams until early June. 

Students in an exam hall
Mar 24 '20 07:24

Now that the government has implemented yet stricter measures around curbing the spread of the coronavirus, secondary schools and education unions call for school exams and central exams to be scrapped. "All gatherings are forbidden, so it is unthinkable that students will take school exams this week," AOb chairman Eugenie Stolk said  to RTL Nieuws.

KLM
Mar 23 '20 13:50

KLM will be flying from Hong Kong to Amsterdam at 1:35 p.m. on Tuesday, local time. The airline has been granted an exemption from the Dutch aviation authorities for the landing ban that applies to flights from the Chinese city, the Consulate General in Hong Kong announced. Dutch and residents of other EU or Schengen countries stuck in Hong Kong are advised to contact the Dutch airline, the Telegraaf reports. 

The Zuidas, Amsterdam’s large commercial business district, was virtually abandoned. 19 March 2020
Mar 23 '20 11:20

The first aid counters for freelancers who are in financial trouble due to the coronavirus are opening in several large cities on Monday. Despite government measures, many companies are struggling under fixed costs like profit payouts and holiday pay. Postponing these payments are "on the table", trade union FNV said to the Telegraaf.

Ferdinand Grapperhaus
Mar 23 '20 10:30

Minister Ferdinand Grapperhaus of Justice and Security was infuriated by people flocking to parks, beaches and forests in groups over the weekend. "This is embarrassing and completely wrong. Let me be clear about that," he said in an interview with EenVandaag on Sunday evening. "It is embarrassing to see people in healthcare working their fingers to the bone, and that 40 people are walking through a forest a little further away."

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