Business

ABN Amro logo on a building in Rotterdam
Nov 21 '19 11:00

When merging with Fortis in 2010, ABN Amro failed to screen the over 5 million Fortis customers individually, according to NRC. All 5 million of them were automatically labeled as "reliable" - the lowest risk category - meaning that ABN Amro considers them relatively harmless and unlikely to commit financial crimes, according to the newspaper.

Meeting
Nov 21 '19 08:33

A mandatory women's quota for executive positions in listed companies is now one step closer. Coalition party CDA expressed support for a quota to ensure that at least 30 percent of listed companies' top positions are filled by women. The party, along with coalition partner D66, is submitting a motion calling on the government to adopt the recent

Construction
Nov 21 '19 07:59

In the third quarter of this year 13,100 housing construction permits were issued, 24 percent less than in the same period last year, according to figures Statistics Netherlands released. This is the third consecutive quarter in which fewer permits were issued than a year earlier. 

Up to and including September, a total of 40 thousand construction permits were issued to build new homes. For comparison, throughout all of 2018 a total of 70 thousand housing construction permits were issued.

A cloudy day in Amsterdam
Nov 20 '19 15:10

Holiday rentals are harming Amsterdam neighborhoods, according to the Amsterdam Court of Audit. Reports of nuisance caused by tourists are not handled, and landlords feel "hunted" by complaints from neighbors. This can lead to disagreeable living situations. The city is also at risk of losing millions of euros in unpaid fines for housing fraud, the Court of Audit concluded, NU.nl and Het Parool report. 

Amsterdam Centrum
Nov 20 '19 11:50

The landlord of a home in Amsterdam Centrum forced their tenant to rent out the home through Airbnb for the maximum 30 days Amsterdam allows, according to !Woon, an organization that helps tenants and homeowners in Amsterdam navigate the housing market. The woman turned to !Woon when her landlord refused to let her cancel her lease.

Nov 20 '19 09:17

Last year the Dutch transport sector emitted 26 billion kilograms of CO2 equivalents of greenhouse gases, almost as much as in 2012. Aviation was responsible for 49 percent of those emissions, water transport for 26 percent, and road transport for 21 percent, according to figures Statistics Netherlands released on Wednesday.

Hospital room
Nov 20 '19 08:10

General hospitals throughout the Netherlands are running on so-called Sunday service today as hospital workers strike for better employment conditions. Only emergency care will still be provided. According to the trade unions, around 75 percent of all general hospital employees will strike at 119 locations.

The university hospitals are not participating in this strike, because they fall under a different collective bargaining agreement.

Fog on the road
Nov 20 '19 07:20

Meteorological institute KNMI issued a code yellow warning for the entire Netherlands, except the Wadden Islands. Commuters are warned to be careful of icy roads and thick fog during morning rush hour.

Areas that had rain overnight will have a good chance of icy and slippery roads. "All traffic participants can be hindered by this. Adjust your driving behavior", the KNMI warned. 

In the northeastern and central parts of the country fog can reduce visibility to less tan 200 meters. Motorists are advised to adjust their speed and keep a safe following distance.

Magnus Grimeland at 2019 Antler Amsterdam Demo Day
Nov 19 '19 17:06

The early-stage venture capital and start-up generator Antler showcased the 11 tech companies created in its first Dutch program last Wednesday, having launched 12 Australian companies at an event in Sydney just days before. Over the next four years Antler aims to generate 150 Dutch companies from its Amsterdam hub – an ambitious target for an organisation that is only a year-and-a-half old.

Afternoon traffic on the A4 near Rotterdam
Nov 19 '19 14:30

The Netherlands business community suffered 1.4 billion euros in damages last year caused by trucks being stuck in traffic jams, according to a study by Panteia on behalf of business association Evofenedex and Dutch transport and logistics organization TLN, RTL Nieuws reports.

At 1.4 billion euros, the traffic damage in 2018 was 5.6 percent higher than the year before. The largest portion of these damages, 26.1 million euros, came from the daily traffic jams on the A4 between the Burgerveen junction and the Prins Clausplein junction.

Online shopping
Nov 19 '19 13:40

Online stores are asking the government for a public online means of identification, similar to the government's DigiD. This will greatly improve safety in online shopping, according to branch organizations Detailhandel Nederland and Thuiswinkel.org, and travel companies' organization ANVR, the Telegraaf reports.

The lack of online identification creates a distinct difference between online and physical trading, and promotes identity fraud, a spokesperson for Thuiswinkel.org said to the newspaper.

Chocolate Sinterklaas
Nov 19 '19 09:30

The largest toy store chains in the Netherlands largely prefer to avoid the debate around the appearance of blackface Sinterklaas character Zwarte Piet by not having the character in their stores, NU.nl reports after speaking to the toy stores.

Intertoys, the largest toy chain in the Netherlands with over 200 branches, removed Piet in whatever form completely from decorations in Intertoys stores. The chain thus avoids uncomfortable situations, a spokesperson said to the newspaper.

Tata Steel IJmuiden at sunset
Nov 19 '19 08:23

Tata Steel is planning to scrap some 3 thousand jobs in Europe, European CEO of Tata Steel Hendrik Adam confirmed. Some 1,500 of the 11 thousand Tata Steel jobs in the Netherlands will be lost, a well-informed source within the company confirmed to RTL Z.

Traffic in the rain
Nov 19 '19 08:06

Traffic piled up on Dutch roads even before morning rush hour started on Tuesday morning. By 8:00 a.m. there were 172 traffic jams covering 862 kilometers throughout the Netherlands, according to travelers' association ANWB.

Accidents on the A2, A58, A1, and A28 highways contributed to the pileups on Tuesday morning. 

Meeting
Nov 19 '19 07:33

The wage gap between men and women increased again over the past two years. And the salaries of higher educated employees are rising faster than those of employees with a vocational education, according to the National Salary Survey by Intermediair and Nyenrode University.

Ahmed Aboutaleb
Nov 18 '19 17:45

Facebook decided to block advertisements promoting a biography on Rotterdam mayor Ahmed Aboutaleb. Publisher De Bezige Bij was informed that Facebook does not want to lend itself to "advertisements about social issues, elections or politics", the Volkskrant reports.

The book in question is titled Ahmed Aboutaleb - overal de eerste and was written by Trouw journalist Elisa Hermanides and Het Parool journalist Ruben Koops.

Crowded train station in the Netherlands
Nov 18 '19 15:00

The aging population of the Netherlands will result in the average growth of the Dutch economy falling to 1.1 percent between 2022 and 2025, central planning office CPB said in an estimate on Monday. 

In the period 2022 to 2025, the population aged between 15 and 74 will decrease for the first time, the CPB expects. That will mean fewer and fewer new people entering the labor market, which will put economic growth under pressure. Purchasing power will also stop increasing in that period, according to the CPB.

Travelers waiting or their luggage at Schiphol
Nov 18 '19 11:40

Every traveler who boards a plane in the Netherlands must be protected against the bankruptcy of airlines, according to travel companies’ association ANVR, travelers’ association ANWB, consumers’ association Consumentenbond, and travel guarantee fund SGR. On Monday they will submit a proposal for a guarantee fund for refunding individual tickets, the Telegraaf reports.

Sold sign in front of a home
Nov 18 '19 11:09

Last year the median household in the Netherlands had 38,400 euros in assets, 10 thousand euros more than the year before. The increase is mainly due to the increasing home values in the country, Statistics Netherlands reported on Monday.

The median household when it comes to wealth is when you line up all households in the Netherlands from least assets to most and pick the one exactly in the middle. That means that half of households have more in assets and half less than the median household.

Qatar Airways Boeing 777 cargo
Nov 15 '19 18:24

Qatar Airways is putting an end to its roughly 40-kilometer cargo flight route between Maastricht-Aachen Airport and the airport in Liège. With a flight time of about 9 minutes, the company had been trying to satisfy the needs of one specific client that required goods to be offloaded at Maastricht.

The controversial flight is served by Boeing 777-200LR, and is a stop along a flight path from Doha to Mexico City, and the return. To Mexico, the flight first lands in Maastricht, then Liège, and on to Mexico then Los Angeles.

Carrots for Sinterklaas' horse
Nov 15 '19 16:00

The bag of gifts Sinterklaas brings to your door will cost the holy man 2.6 percent more this year than it did last year, according to calculations by ING Economic Bureau. The price of most traditional Sinterklaas gifts increased over the past year, at least partly due to the increase in the low VAT rate, NU.nl reports.

Sweets and chocolate letters are 3.3 percent and 5 percent more expensive respectively. Toys saw a price increase of 1.5 percent. Books and fragrances now cost 3.3 percent more. The only cheaper gift is jewelry, 1.2 percent cheaper than last year.

CUMc_FIW4AA7Gty
Nov 15 '19 09:28

Bijenkorf is no longer immune to the ravage online shopping caused to the Dutch retail landscape. The department store chain is cutting costs to turn the tide with dozens of layoffs and the cancellation of its most expensive event of the year - Turn On The Lights in Amsterdam, Financieele Dagblad reports based on anonymous sources and a document to employees the newspaper has in its possession.

Afternoon traffic on the A4 near Rotterdam
Nov 15 '19 08:02

Last year road traffic accounted for 17 percent of the total amount of carbon dioxide (CO2) emitted in the Netherlands, according to Statistics Netherlands. The total CO2 emissions from road traffic was 2 percent higher in 2018 than in 2017 and 28 percent higher than in 1990.

Passenger cars accounted for 62 percent of the CO2 emissions in road traffic. Heavy goods vehicles and buses accounted for 20 percent. 

Kalverstraat in Amsterdam
Nov 14 '19 11:50

Amsterdam's Kalverstraat and Utrecht's Noordpassage are the busiest main shopping streets, or high streets, in the Netherlands, according to research data from Locatus. In Europe these two streets rank in 17th and 19th place respectively. The busiest shopping street in Europe is the Zeil in Frankfurt, followed by London's Oxford Street and Leicester Square in second and third place.

Pages