Dozens of new laws, rules, and regulations went into effect in the Netherlands at the stroke of midnight on Tuesday. Among them, a cut to the 30-percent ruling, new income tax credits, mortgage caps, a sales tax increase, expanded childcare subsides, and more rights for cities to seize homes related to the illegal drugs trade.
Some 15,000 ground workers would see their salaries frozen, and would lose one of their paid days off per year, according to a new proposal submitted by the the management of Dutch airline KLM to union representatives. The company would also like to replace some 3,000 baggage handlers and ground crews with temporary employees, the union CNV Vakmensen told newspaper De Telegraaf.
Queen Máxima was named to Time Magazine’s Most Influential People list for 2016. The Argentine-born 44-year-old is the only Dutch citizen on this year’s ranking.
A plan submitted by British retail firm JD Sports Fashion Plc to take over beleaguered Dutch stores Perry Sport and Aktiesport won approval by the administrator in the Netherlands handling the bankruptcy of their parent firm, Unlimited Sports Group (USG). Most stores will remain open under terms of the deal, and most of the employees will retain their jobs, the administrator announced on Wednesday.
Dutch Foreign Affairs minister Bert Koenders approved the addition of nine people to the national list of known terrorists. The government announced the decision less than an hour after three bombings in Brussels claimed the lives of at least 13 people at the Zaventem airport.
A federal court in New York sentenced two former Rabobank employees to prison for their roles in manipulating the Libor, an estimated interest rate that serves as a benchmark for financial lenders around the world. The Dutch banks’s former finance executive, Anthony Allen, was handed a two-year prison sentence, with trader Anthony Conti being sent to prison for a year.
Dutch bank ABN Amro is lowering the cost of many of its consumer products by up to 60 percent, the company announced in a statement on Friday. The discount will be given to new clients, and also to existing customer accounts.
Shareholders at Dutch-British oil and gas firm Royal Dutch Shell approved the 47 billion dollar (43 billion euro) of the United Kingdom gas company BG Group. Roughly 83 percent of shareholders gave their blessing to the deal during a meeting in Den Haag, Shell said in a statement on Wednesday.
Compared to the United States, Europe is always ahead in terms of adopting the latest payment and financial technologies. In 2014, The Guardian reported that America is ‘a decade behind Europe’ in terms of adopting the chip and pin cards that have reduced data theft, due to the former’s strict regulatory rules. Today, European countries, especially the Netherlands, are keen to adopt the latest fintech.
Roughly 4,200 new refugees were registered in the Netherlands last week, according to figures released by the Minister of Security and Justice, Klaas Dijkhoff, following a meeting with cabinet members. This influx of refugees could be attributed to the refusal of Eastern European countries to participate in the mandatory redistribution of refugees in Europe as well as Minister Dijkhoffs’ decision not to re-introduce border controls.
Consultancy and service firm Royal Imtech N.V. formally entered bankruptcy protection on Thursday. The fate of part of the Gouda-based company's workforce, including 22,000 global employees, of which 2,700 are in the Netherlands, is not yet known.
Sources close to the secret cabinet negotiations on a package of tax reforms say that the government is planning to increase sales tax on many goods and services to generate an extra five billion euros in revenues, according to the NRC. The cabinet wants to raise the tax to balance out an effective cut in income tax for many living in the Netherlands.
The Midden-Nederland court approved an agreement between Dutch supercar manufacturer Spyker and its creditors on Thursday, reports Omroep Flevoland. The financially-strapped car company is primed to exit administration, unless an appeal against the decision of the court is filed.
Dutch economic performance is moving towards the forefront of the Eurozone, said Finance Minister Jeroen Dijsselbloem in response to positive statements from the central bank (DNB) essentially declaring an end to the economic crisis in the Netherlands. However, high levels of unemployment and outstanding household debt still remain large problems for society and the economy, the minister said in an interview with DFT.
Dutch Finance Minister Jeroen Dijsselbloem has formally put forward his candidacy for a second term as chairman of the Eurogroup, the group of Eurozone finance ministers. Dijsselbloem previously mentioned he would like to remain in his position and visited several European capitals to garner support for his candidacy.
The Dutch government has approved the sale of the nationalized bank ABN Amro, taken over by the Netherlands in October 2008 during the global economic crisis. The cabinet gave the go ahead on Friday, according to broadcaster NOS.
A pending reorganization at the Dutch tax authority Belastingdienst will likely result in the elimination of 4,000 to 5,000 jobs. The staff cuts are due to improvements to computer systems that reduced the need for many spot checks done by workers, reports broadcaster NOS.
Income of clothing stores declined sharply between 2010 and 2013 in the Netherlands. Operating profit fell from over 500 million euros in 2010 to just 150 million in 2013, a drop of 70 percent, Statistics Netherlands revealed on Monday.
Dutch small and medium-sized enterprises are generally performing better as compared to previous years, reports the accounting firms network SRA based on a survey of 3,200 businesses. Average turnover of SMEs in the Netherlands increased in 2014 by 3.9 percent.
Ahold and Delhaize, one of the largest Belgian grocers, are discussing a merger, reports Belgian business daily De Tijd. The talks are still in their early stages, according to the newspaper. Neither of the two companies officially commented on the issue.
SBM Offshore is laying off more workers than initially expected, the gas and oil supplier announced on Thursday at the presentation of the figures for its first quarter performance. The company had a significantly lower turnover than a year before, partly because of the sharp decrease in the oil prices, reports Telegraaf.
The bonus of Schiphol boss Jos Nijhuis is too high, according to Finance Minister Jeroen Dijsselbloem. The minister suggested that the bonus of the Schiphol CEO should be lowered, reports RTL Niews.
Triodos Bank may refuse opening an account for Proud, an association of sex workers, wrote Finance Minister Jeroen Dijsselbloem to parliament on Thursday. The bank gave sufficient reason in denying the organization access to its services, according to the minister.
Finance minister Jeroen Dijsselbloem told reporters before the Eurozone finance ministers meeting in Riga that reaching a deal with Greece is unlikely today. When asked about the prospect of reaching a deal soon, he replied “April is not over yet,” reports The Guardian.