In spite of the slow recovery, Eurozone has taken important steps for strengthening of the currency union, wrote Netherlands Central Bank (DNB) president Klaas Knot. However, the emerging growth has to be perceived cautiously in the context of occurring political instabilities and fluctuating market sentiment, Mr Knot warned.
FrieslandCampina is reporting a hit to its operating profit of 80 million euros stemming from the Russian boycott on European dairy products. This works out to approximately 16 percent of the company’s 2014 operating profit, as reported on their website.
Former Imtech CEO Rene van der Bruggen allegedly supplied the German branch of the company with false invoices amounting to tens of millions of Euros, according to investigations by De Telegraaf and German Handelsblatt. The money was then used to cover up financial losses made in the Netherlands, according to broadcaster BNR.
The economic value of Dutch football has been identified as €2.18 billion, according to groundbreaking calculations made by a joint study. Football's estimated impact is worth 0.34 percent of the gross domestic product in the Netherlands.
Lucas Bols Holding B.V. today announced plans to raise EUR 125 million (USD 147 milliion) in gross proceeds from the launch of an Initial Public Offering (IPO). The funds will be directed towards refinancing and increasing financial strength.
More parents are having a difficult time covering costs connected to their children’s education, a nonprofit organization says. A thirty percent increase in parents applying for financial assistance to cover school cash contributions was reported by Leergeld, an organisation that helps parents cover the supposedly voluntary costs.
With over a thousand of the country's cafes and bars closing up shop in the last five years, local brewers have been hit particularly hard. The number of pubs in the country fell from 8,400 to 7,200, leaving brewers to battle it out for sales in a highly competitive market.
Roughly 190,000 passengers will travel through Amsterdam’s Schiphol Airport on Friday, making it the busiest travel day of the year. The total number of people arriving and departing from Schiphol is up by 10,000 over last year’s busiest day.
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.
Investment rating agency Moody’s released positive statements about the Netherlands, suggesting the firm will reaffirm its triple-A rating of the nation. Analysts pointed to healthier finances in the kingdom, and reduced investment risk there.