The Commonwealth Bank of Australia (CBA) is planning to move part of its staff from London to Amsterdam due to the Brexit. The Australian bank applied for a banking license with Dutch central bank DNB, ANP writes based on reports in British media.
King Willem-Alexander and Queen Maxima started their two-day state visit to the United Kingdom on Monday. On their first day the Dutch Royals had lunch with Queen Elizabeth at Buckingham palace and visited the British parliament, NOS reports.
Shortly before being received at the palace, the Royal couple met with Dutch living in the UK and discussed the expats' concerns about the consequences of the Brexit - the United Kingdom leaving the European Union in March next year.
Philips is considering focusing on more local production to counterbalance global strains on trade, CEO Frans van Houten said in an explanation of the company's quarterly figures. For example, by making products in China itself, the tech company can circumvent expensive tariffs, ANP reports.
Minister Stef Blok of Foreign Affairs does not expect that the European Union and United Kingdom will reach a political agreement on the Brexit on Wednesday. "More time is needed to complete those negotiations successfully. At the same time the risk remains that it will not work", he said on Tuesday evening after after a meeting of Foreign Ministers and EU-Brexit negotiator Michel Barnier, NOS reports.
If the United Kingdom leaves the European Union without some kind of travel deal - a so-called hard or no-deal Brexit - it could result in chaos at Schiphol airport. Travelers from the United Kingdom will have to undergo extra checks at passport control, which could result in waiting times increasing by up to an hour, according to the airport's internal calculations, Het Parool report.
King Willem-Alexander expressed his regret and concern about the United Kingdom's imminent departure from the European Union, speaking to British journalist ahead of his state visit to the U.K. later this month. The Dutch King is particularly concerned about the consequences the Brexit will have for trade between the Netherlands and England, the Guardian and the Independent report.
As the Brexit approaches, the Netherlands is expanding the workforce at embassies in European countries in order to remain strongly present in Europe after the United Kingdom leaves the European Union, a spokesperson for institute Clingendael confirmed to NU.nl.
Thijs van der Plas, a top official at the Ministry of Foreign Affairs, discussed this strategy at a conference on the Brexit at Clingendael on Monday. The Netherlands will strengthen over 10 posts in Europe in preparation for the Brexit.
The European Central Bank is concerned about Dutch bank ING's ability to handle a hard Brexit, according to a report in FD. Sources told the financial newspaper that ING is being pressured to at least partially roll-back a 2016 decision to move dozens of trading desk staffers to their large office in London.
The new concern is that ING will lose access to some financial markets if Brexit continues to progress.
Despite economic setbacks that threaten from the Brexit and United States president Donald Trump's trade wars, this is a logical time to give "something back" to the Dutch, Prime Minister Mark Rutte said about the budget and the government's plans for next year, NU.nl reports.
Unilever has a plan B for compensating British shareholders should the Netherlands not scrap dividend tax as the government plans to do. The British-Dutch company assumes that dividend tax will be a thing of the past in the Netherlands by 2020, but even if it isn't, this plan will allow Unilever to set up its head office in Rotterdam without shareholders losing out, NOS reports.
With only six months to go until the United Kingdom leaves the European Union, it is still unclear what negotiations between the EU and the Brits will yield. It is high time that Dutch businesses who deal with the UK start preparing for a hard Brexit - the UK leaving the EU without any trade agreements in place - the Port of Rotterdam Authority, the Dutch food and consumer product safety authority NVWA and employers' organization VNO-NCW warned, NOS reports.
The Netherlands should approach Spain and France to form an alliance in the European Union to replace Great Britain as an ally after the Brexit, according to the advisory council on international affairs AIV. Parliament asked the AIV to look into which diplomatic strategy the Netherlands should follow now that Great Britain is leaving the European Union, NU.nl reports.
Japanese electronic company Panasonic is moving its European head office from London to Amsterdam, in order to avoid potential tax issues that may arise after the Brexit - the United Kingdom's departure from the European Union, newspaper Nikkei Asian Review reported on Thursday.
The move is scheduled for October.
The Netherlands is one of the countries that will be most negatively affected in the event of a so-called 'hard' Brexit - if the United Kingdom leaves the European Union without trade agreements. Only Ireland will be hit harder, the International Monetary Fund calculates, NU.nl reports.
According to the IMF, a hard Brexit can cost the Netherlands 0.7 percent of its national income. Ireland will see a decrease of 4 percent.
King Willem-Alexander and Queen Maxima will pay a state visit to the United Kingdom, at the invitation of Queen Elizabeth, in the autumn. The visit will take place on October 23rd and 24th. Minster Stef Blok of Foreign Affairs will accompany the Royal couple, government information service Rijksvoorlichtingsdienst announced.
American stock exchange company Cboe Global Markets - the largest stock exchange company in Europe - is planning to move to Amsterdam. With the United Kingdom leaving the European Union, Cboe has to move its head office to be able to still serve the European market, the company announced in a press release.
Cboe applied for approval from the Netherlands' authority on financial markets AFM. According to the company, the choice of the Netherlands came after "thoughtful and careful consideration of a number of locations that have strong international financial market centers".
The Dutch economy is growing steadily and is expected to continue growing in the next two years, but employees in the Netherlands are not sufficiently benefiting from this growth, the OECD - the global organization that examines the social and economic policy of its member countries - said in its report on the state of the Netherlands economy, NOS reports.
The outlook for the Netherlands economy is still positive, the International Monetary Fund said in its annual report on the Netherlands. The IMF again raised concerns about the growth of wages in the country being smaller than other countries with comparable economies. Annual wage growth in the Netherlands is around 1 percent, too little to compensate for inflation, the IMF said, NOS and ANP report.
Debate center De Rode Hoed on Keizergracht in Amsterdam was vandalized overnight. The center's windows were broken and statements like 'Fuck FvD' and 'No fascism' were spray painted on its facade. On Friday evening populist party FvD is holding a lecture about the Brexit at De Rode Hoed, AT5 reports.
The police are investigating the vandalism.
Increasing political contradictions, like saying that you have to choose between national sovereignty or cooperation in the European Union, are a threat to the European Union and to the Netherlands itself, Vice President of the Council of State, Piet Hein Donner, wrote with the presentation of the Council's annual report, the Volkskrant and NOS report.
Unilever's head office will be in Rotterdam, the company's board of directors announced on Thursday.
Unilever, a British-Dutch multinational, employs 169 thousand people world wide, including 7,500 in the U.K. and around 3 thousand in the Netherlands. The company currently has a shared headquarters in London and in Rotterdam. The entire head office employs 100 people - 60 in London and 40 in Rotterdam.
The European Medicines Agency (EMA) confirmed that it is moving from London to Amsterdam due to the Brexit on Wednesday. The EMA notified the European budgetary authority about the move, and started the procedure to make the move possible, Het Parool reports.
The budgetary authority will give its opinion on the move within the next four weeks.
The Italian protest against the relocation of the European Medication Agency from London to Amsterdam continued during a so-called fact-finding mission which took place in Amsterdam on Thursday.
Prime Minister Mark Rutte wants more clarity from the British government about the course they plan to take now that they're leaving the European Union, he said after his visit with British Prime Minister Theresa May on Wednesday.