Foundation for Economic Research

No public transport due to snow
Dec 12 '17 13:40

Monday's heavy snowfall, and the problems in traffic and productivity it caused, cost the Dutch economy around 35 million euros, according to calculations by the Economic Research Foundation and Statistics Netherlands chief economist Peter Hein van Mulligen, BNR reports.

If there is a whole business day in which no work is done in a quarter, like when Christmas falls on a week day, it costs the Netherlands' GDP 0.2 to 0.3 percent of growth, Van Mulligen said to the broadcaster. That amounts to 350 million euros the Netherlands' economy loses out on.

Jul 18 '16 13:15

Schiphol is now the second largest aviation hub in the world with 4,633 direct flights a week, according to the foundation for economic research SEO. Only Frankfurt airport handles more direct flights per week

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