Business

Essent
Jun 25 '14 14:45

According to an investigation conducted in cooperation with Omroep Brabant, the province of Brabant earned €4.7 billion from energy company Essent in the last 14 years.

e-joint
Jun 24 '14 17:05

Completely harmless, no dangerous substances, and in a variety of flavors, the e-joint is taking the European market by storm with the company behind the product rolling out 10,000 units daily, according to distributors E-Njoint B.V. Capitalizing on the success of the e-cigarette, the Delft based business has claimed to have invented the world’s first electronic joint though it is sold without using any THC, the psychoactive aspect of marijuana.

Jun 24 '14 15:53

Telecommunications provider Vodafone is set to offer LTE Advanced to the Dutch market, the company said in a statement. The news comes days after rival KPN made an announcement revealing similar plans. While KPN will offer the faster internet option from July, Vodafone users will have to wait until later this year.

Bankruptcy
Jun 24 '14 15:38

The number of businesses filing for bankruptcy has dropped 31 percent since May 2013. Last year, there were 800 declarations. In May this year, that number has dropped to 551, the Central Bureau for Statistics (CBS) reports.

Broiler chicken
Jun 24 '14 11:59

Supermarkets in The Netherlands are still, despite promises to change the situation, selling broiler chickens. Animal rights organization Wakker Dier reports that most supermarket stalls are still full of factory farm chicken meat.

Jun 24 '14 11:23

Philips may be fined by the European Commission (EC) for the formation of cartels in the fabrication of microchips. Sources in Brussels have reported this to Omroep Brabant.

Jun 23 '14 14:33

Despite knowing since 2009 that its new computerized tax collection system EPTM was rife with glitches, it took the tax office until earlier this year to halt its development.

Jun 16 '14 13:42

Economic analysts from ING and ABN Amro have differing predictions on the state of construction in The Netherlands this year. ABN Amro says that there will be a 1 percent decrease in production this year, whereas ING thinks there will be 3.5 percent growth. Analysts from the Economic Institute for Construction now want to know how these numbers are drawn up, BNR reports.

No image available
Jun 16 '14 11:03

Lelystad Airport is getting permission to expand. State Secretary of Aviation Wilma Mansveld will report this to Council of Ministers on Friday.

Jun 13 '14 14:33

The largest Dutch pension administrator, APG, is not going to follow the lead of foreign administrators investing in durable energy, such as wind farms, and is choosing to put money into fossil fuels instead.

Jun 11 '14 20:31

The largest rose-growing company of the world, Afroflora, based in Ethiopia and owned by the Barnhoorn family from the Netherlands was taken over by the large private equity company KKR. The buyer will pay $200 million for the major stake of Afroflora.

Money
Jun 11 '14 11:05

A new report issued by the Radio-communications Agency of the Netherlands says that small and medium enterprises, as well as healthcare agencies, are ill-equipped to deal with serious mobile network disruptions. The agency's annual report points out that more than 100,000 clients were seriously affected by the 38 large-scale disruptions in mobile.

Jun 10 '14 14:36

Dutch firm Fugro has been hired by the Australian Transport Safety Bureau (ATSB) to assist in locating missing Malaysia Airlines flight 370. The plane has been lost, and feared crashed into the Indian Ocean, since it took off from Kuala Lumpur on March 8, 2014.

Data theft
Jun 10 '14 11:05

The European financial markets operator Euronext has announced that it hopes to raise between €880 million and €1.158 billion in an initial public offering starting 20th June. This would value the company between €1.33 billion and €1.75 billion.

Jun 9 '14 15:25

The number of companies declaring bankruptcy in May dropped by 33 percent compared to the same period a year earlier, according to new numbers published by faillissementsdossier.nl. It is the largest monthly decline in bankruptcies since 2012.

without gas
Jun 7 '14 12:18

600 houses in Apeldoorn are still without a gas supply due to problems on the part of their gas supplier, Liander.

Sanoma
Jun 6 '14 15:19

Sanoma is selling of 19 magazine titles to New Skool Media, the Finnish publisher announces today. The sale also means that 93 employees are moving over to New Skool, who retain their current terms of employment and social plan.

Starbucks
Jun 6 '14 14:45

Sources in Brussels report that the European Union may open investigations into the tax advantages that big companies enjoy in The Netherlands and Ireland as soon as next week, after a European Commission meeting on the issue on the 11th of June.

PostNL
Jun 5 '14 17:34

Minister of Economic Affairs Henk Kamp wants to grant PostNL the permission needed to close 1,500 of the 2,500 company-run service points, according to newspaper De Stentor.

Jun 5 '14 17:29

Dutch retail giant Ahold has announced plans to cut 210 roles within the company. The move comes as an effort to “streamline the organization’s head office functions as part of its Simplicity program,” the company said, which is aimed at reducing costs by €600 million from 2012 to 2014.

Ahold hopes to improve efficiency of support roles at the head office in Zaandam, which will lay-off 130 of its 1500 workers. The other 80 job cuts will come from “vacancies, temporary contracts, and natural attrition.”

Arke 787
Jun 5 '14 17:02

The first landing of a Boeing 787 Dreamliner in the Netherlands took place Thursday afternoon without incident. The plane is the latest addition to the Arke airplane fleet, and will make its first commercial flight to Antalya, Turkey on Sunday, June 8.

Nationale Nederlanden
Jun 5 '14 11:25

ING has announced that it is brining its insurance branch to the Amsterdam stock exchange in an IPO move. This may take place within two months, the NOS reports.

Jun 2 '14 15:49

Plans from the Air France KLM Group show that Royal Dutch Airlines (KLM) has to cut spending by about €1 billion in the next three years, the Telegraaf reports.

Jun 1 '14 06:30

The highly-anticipated Boeing 787 Dreamliner is set to join the Arke airline fleet next week. The plane will arrive for the first time on Dutch soil on Thursday, with Arke becoming the first Dutch operator to make use of the jumbo jet.

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