Netherlands Business & Economics

Dutch central bank introduces new stress test for climate change

dutchnews.nl

Dutch central bank introduces new stress test for climate change


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Ahold-Delhaize supermarket merger begins to pay off

dutchnews.nl

Ahold-Delhaize supermarket merger begins to pay off


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Car lease companies’ poor cyber security exposed over 180,000 drivers

dutchnews.nl

Car lease companies’ poor cyber security exposed over 180,000 drivers


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Buy to let mortgages and investment properties are on the rise

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Buy to let mortgages and investment properties are on the rise


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Dutch bank ABN Amro stubs out tobacco industry

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Dutch bank ABN Amro stubs out tobacco industry


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Exodus bij zakentak Deutsche Bank

telegraaf.nl

Exodus bij zakentak Deutsche Bank


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Home / Netherlands / Business
The Netherlands needs to relax start-up visa rules, says prince
The Netherlands should make it easier for start-ups to bring in staff from outside Europe because the current rules are too expensive for new companies, prince Constantijn told MPs on Thursday afternoon. King Willem-Alexander’s brother works as an ‘ambassador’ for StartUpDelta, a state-backed organisation promoting start-ups and entrepreneurship in the Netherlands. Currently companies wanting to bring non-EU staff to the Netherlands have to pay them at least €4,240 a month if they are over the age of 30, and this is beyond the reach of most fledgling companies   Read More ...
Categories: Business | 
Tags: Enterprises |  Start-ups | 
Places: Netherlands | 
Health tops financial security as ingredient for the good life
Over eight in 10 Dutch people regard good health as the most important factor in achieving a ‘good life’. Financial security follows in second place with 75% support and leisure time at 68% rounds up the top three. The multiple answer online survey was conducted by market research bureau GfK and published on Wednesday. GfK said there was little difference between replies of men and women, although more women (86%) than men (77%) regarded health as important   Read More ...
Categories: Business | 
Tags: Finance | 
Places: Netherlands | 
Recovery largely bypasses small business sector: new figures
There is a sharp divide in the vital small and medium-sized enterprise (SME) sector in the Netherlands, according to new figures. While there is a small group of fast-growing firms, there is also a far bigger group that never or rarely moves forward, the Financieele Dagblad reported on Friday. The new data came from the state of the SME sector, an annual publication from the MKB committee for entrepreneurship and financing, and the CBS national statistics office   Read More ...
Categories: Business | 
Places: Netherlands | 
Jumbo muscles in on Albert Heijn at Dutch railway stations
The Jumbo supermarket chain has opened a mini-supermarket at Eindhoven train station in a bid to muscle in on a market presently dominated by Abert Heijn, public broadcaster NOS reports. The family business from Brabant want to open between 20 and 30 small Jumbo City supermarkets across the country. ‘We are keen to expand,’ Jumbo director Colette Cloosterman-Van Eerd told NOS, ‘but we are limited by the number of locations that are freed up at stations   Read More ...
Categories: Business | 
Tags: Markets |  Retail Markets |  Supermarkets | 
Places: Netherlands | 
Dutch central bank eyes bonus payments for trading houses
The Dutch central bank DNB is tightening up regulations on bonus payments for executives of trading houses, to bring them into line with the strict rules for bonuses in the banking sector. The decision was prompted by an investigation by the European Banking Authority (EBA) into whether the exemption for trading houses agreed earlier by the central bank complies with European law, the bank said in a statement   Read More ...
Categories: Business | 
Places: Netherlands | 
Dutch central bank sets up 'friendly' hacking team to attack own banks: report
AMSTERDAM (Reuters) - The Netherlands’ central bank (DNB) is setting up a team of cyber security experts and hackers to attack the country’s own financial infrastructure in order to test and improve its defenses, Het Financieele Dagblad reported on Tuesday. In an interview with the paper, the bank’s Payments and Infrastructure chief Petra Hielkema said the team would be carrying out secret attacks on banks, markets and clearing houses   Read More ...
Categories: Business |  Technology | 
Places: Americas |  North America |  United States |  Netherlands |  North Holland | 
From refugee to entrepreneur | Anna Nooshin | TEDxAmsterdamWomen
In her talk Anna Nooshin will share with us her experiences of setting up a business and her views and ideas about conducting business. Anna Nooshin is a fashion blogger, online entrepreneur and author. With over 2.5 million views per month on YouTube, she is quickly becoming one of the most influential style icons in the Netherlands. Originally from Teheran, Anna and her family fled to the Netherlands in 1993. At age 22, she completed her Communication Science studies -- cum laude -- and continued with an internship in New York. Soon thereafter, Anna co-founded the webzine NSMBL, one of the biggest lifestyle websites in the Netherlands   Read More ...
Categories: Business |  Life & Style |  Society & Culture | 
Tags: Enterprises |  Entrepreneurs |  Social Issues |  Refugees | 
Places: Netherlands | 
Dutch watchdog warns about investing via digital currencies
Dutch stock exchange watchdog AFM is warning investors about the big risks related to IPOs using digital currency such as bitcoin. ‘There is a considerable hype around ICOs and this poses a real risk,’ said AFM chairwoman Merel van Vroonhoven in a statement. ‘People put everything they have into digital currency-denomiated investments, known as initial coin offerings (ICOs) while the chance is very good they will never see their money again,’ she told the Financieele Dagblad   Read More ...
Categories: Business | 
Tags: Markets |  Currencies |  Currency market | 
Places: Netherlands | 
Customers slowly gaining confidence in banks
The Dutch public does not have much confidence in banks, although the figure rose slightly to 2.9 (out of 5) this year from 2.8 in 2016, the first year the banks ran the survey. The luke-warm confidence in banks is partly due to the impersonal contact most people have with their own banks, the NRC suggested on Friday. The figure was supplied by the GfK research bureau which was commissioned by the Dutch banking association NVB   Read More ...
Categories: Business | 
Places: Netherlands | 
Self-employed don’t back compulsory pension schemes
Almost half of the Netherlands’ freelancers oppose being forced to contribute to a special pension scheme for the self-employed, according to a survey of 500 independent contractors by market research group Gfk. Just one in four of the freelancers polled said they supported the idea of a compulsory pension scheme while 29% were undecided and 46% said no. The research, carried out for financial services group ABN Amro, also found 78% of freelancers have no sickness or invalidity insurance and over half had taken this decision deliberately, citing cost as a major concern   Read More ...
Categories: Business | 
Places: Netherlands | 
Supermarket giant Ahold Delhaize gains US market share in Q3
Ahold Delhaize said on Wednesday it had gained market share in the all-important US market, where the group generates two-thirds of its annual sales, in the third quarter of 2017. The Dutch foods giant was hit by stronger competition from the lower end of the market where Aldi and Lidl hold sway as well as at the top end where Amazon’s recent acquisition of Whole Foods has shaken the industry   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Netherlands | 
Dutch business leaders ask government to fund hyperloop testing centre
The Dutch government should invest in developing a hyperloop test track in the Netherlands and business leaders are prepared to invest in the project if the state does so as well, the Financieele Dagblad said on Monday. Last month, then transport minister Melanie Schultz selected Flevoland as the best location for a hyperloop test track but said it would be up to her successor to decide whether or not to finance it   Read More ...
Categories: Politics & Government |  Business | 
Places: Netherlands | 
Oil giant Shell’s Q3 earnings top all forecasts
The Hague-based energy giant Royal Dutch/Shell reported third-quarter net profit 47% higher year-on-year at €$4.1bn, The earnings figure was higher than the $3.6bn forecast by a Bloomberg poll, the Financieele Dagblad said on Thursday. However, Shell’s vital cash flow fell by more than $3bn in the three-month period. The cash flow is important because Shell uses it to fund its dividend and investments   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: Netherlands |  South Holland | 
Dutch firms boost spending on IT, R&D but forget social innovation: report
Dutch companies are more in research and development and information technology this year, according to researchers at Rotterdam’s Erasmus University. Overall, investments in R&D have reached 4.3% of turnover in 2017, the researchers say. Investment in information technology has also risen, now accounting for 4.8% of turnover and the highest level since 2009. ‘Promising economic conditions and forecasts make companies more willing to invest in innovation,’ said professor Henk Volberda in a website statement   Read More ...
Categories: Business | 
Tags: Finance |  Investments | 
Places: Netherlands | 
‘Loss of clients will hit health insurer VGZ financially, but new strategy is deliberate’
Health insurance company VGZ says it is not concerned about losing some 10% of its customers in a two year period because the reduction in its client base is part of deliberate policy. Nevertheless, the change in strategy will have consequences for the cooperative’s financial position. ‘We will take in a lot fewer premiums next year,’ managing director Tom Kliphuis told the Financieele Dagblad on Tuesday   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Insurance |  Customers |  Health insurance | 
Places: Netherlands | 
Dutch investors launch new marketing programme for NL: Tristate City
A group of institutional investors in the Netherlands have joined forces to present the Netherlands plus parts of Belgium and Germany as a single city network named Tristate City. The project, backed by Dutch employers organisation VNO-NCW, says the region’s population of 30 million people creates a ‘sustainable urban power house’. The project’s supporters include property developers and pension funds as well as Utrecht’s economic board   Read More ...
Categories: Business | 
Tags: Finance |  Investments |  Investors | 
Places: Netherlands | 
More pizza? Food home delivery sales in the Netherlands to hit €1.3bn
The combined sales of restaurant home delivery services in the Netherlands will reach between €1.3 bn and €1.4bn this year, according to a study by ABN Amro published on Wednesday. The bank’s economists expect sector revenues to rise by another 20% in 2018, the agency said. Buoyant economic prospects, plus the online presence of the restaurants involved and the ease of ordering and payment add to the appeal   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Sales | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Dutch bike builder Van Moof raises €2.5m through crowdfunding
Dutch city bike builder Van Moof has raised €2.5m through crowdfunding, on top of a €4m capital injection from venture capital group Slingshot. More than one thousand people put money into the company, which had been looking to raise at least €1m. ‘The faith shown in us by Slingshot and all the fans who have invested in us means we can take the next stop in our international growth,’ founder Taco Carlier said in a website statement   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Amsterdam electric scooter start-up raises €3m via crowdfunding
An Amsterdam-based start-up developing electric city scooters, has managed to attract €3.1m in crowdfunding, the Financieele Dagblad reported on Wednesday. More than 2,500 investors from several European countries took part in the issue though the Seedrs equity platform, raising twice the amount the owners of Bolt had hoped to raise. The first trial model of the Bolt scooter is expected to come off the VDL production line no earlier than next February   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands |  North Holland | 
15 Dutch hospitals in serious financial trouble, two on verge of bankruptcy
Fifteen of the Netherlands’ 100 or so hospitals have serious financial problems and two are on the verge of bankruptcy, the Telegraaf said on Wednesday. The figures come from a special hospital guarantee fund which says it has 15 institutions on its watch list and two flagged as ‘alarming’. The fund provides loans to hospitals and other healthcare groups. ‘We would not be surprised if we heard that the plug has been pulled on them,’ director Herman Bellers told the paper, but declined to name names   Read More ...
Categories: Business | 
Tags: Money |  Finance |  Debts |  Insolvency |  Bankruptcy | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Rotterdam votes to sell stake in Eneco, bourse launch likely says FD
Rotterdam council has voted to sell its big stake in electricity company Eneco, the Financieele Dagblad reported on Friday. The decision by Rotterdam council on Thursday evening makes it likely that the company will be floated on the Amsterdam stock exchange next year, the paper said. Bankers argue that none of the shareholders want Eneco to fall into the hands of a single public authority which could happen in the case of a sale   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands |  South Holland | 
Online supermarket sales in the Netherland set to top €1bn this year
Roughly 2.9% of the estimated €35.54bn spent in Dutch supermarkets this year will be online orders, which means that internet sales will top the €1bn mark for the first time, market research group GfK reported on Friday. The market research group said one in six Dutch households has made at least one online order this year. Supermarket sales rose by 4   Read More ...
Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Marketing |  Sales |  Retail Markets |  Supermarkets |  Market research | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Two thirds of supermarket chicken products carry no quality label
Supermarkets are not doing enough to encourage the sale of chicken with a quality label and some are selling more of the cheapest meat to produce, animal protection organisation Wakker Dier claimed on Thursday. The organisation conducted a random test among 12 big supermarket chains and found that two thirds of chicken products did not have any form of quality label   Read More ...
Categories: Business | 
Tags: Markets |  Retail Markets |  Supermarkets | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Blokker sells Intertoys to British investment house Alteri
The Blokker group has sold its Dutch toy store chain Intertoys to British investment house Alteri Investors. Financial details were not disclosed. Intertoys operates around 500 stores in the Netherlands, Belgium, Germany and Luxemburg and has more than 4,000 employees. Alteri chairman Gavin George said in a statement that the company will be further transformed into ‘an omnichannel retail business, which is the best way to safeguard the health of the company’   Read More ...
Categories: Business | 
Tags: Finance |  Investments | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands |  United Kingdom | 
Takeaway business very appetising, says market leader
Takeaway.com, the parent company of what is known in the Netherlands as thuisbezorgd.nl, reported a 42% rise in the number of deliveries in the third quarter of 2017, taking the total to 17 million meals in continental Europe. The meal delivery service, the largest in Europe, does not publish detailed financial results in quarterly reports. In the Netherlands, Takeaway’s sales were 34% higher with seven million meals delivered to customers’ homes   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Dutch finance minister to stay on as Eurogroup chairman
Dutch caretaker finance minister Jeroen Dijsselbloem is to stay on as chairman of the influential Eurogroup of finance ministers until January next year, even though he will no longer be a minister by then. Members of the group decided unanimously on Monday that Dijsselbloem can remain in the job until the second of his two terms in office expires at the beginning of 2018   Read More ...
Categories: Politics & Government |  Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Dutch banking association NVB raided in Brussels anti-trust probe
The Dutch banking association NVB was among those raided by regulators from the European Commission last week on antitrust concerns, according to media reports. The Commission has confirmed the unannounced inspections concerning access to bank account information by competing services in a ‘few’ countries, but did not specifically mention the Netherlands in its press statement. The raids are part of an antitrust crackdown on lenders that block fintech rivals from gaining legitimate access to customer information, the Commission said   Read More ...
Categories: Business |  Law & Crime | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Private equity firms attracted by Unilever’s margarine sale
Anglo-Dutch foods and consumer goods group Unilever has invited private equity bidders to submit tentative offers for its $8bn margarine and spreads business by two sources close to the matter have told Reuters. The sale of the businesses started in late September with Unilever’ banks sending out confidential information to buyout funds, the sources said. The company confirmed it is planning to sell its margarine activities in April, two months after an abortive takeover attempt by Kraft Heinz of the US in February   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Dutch central bank introduces new stress test for climate change
Financial institutions must increasingly factor in the consequences of a changing climate and the transition to a carbon-neutral economy, the Dutch central bank said on Thursday. The bank now intends to make climate-related risks a bigger part of its regulatory role, with ‘the ultimate aim of ensuring sustainable financial stability’, the bank said in a statement. A recent report by bank analysts on changes in the frequency of extreme weather and rising sea levels showed that the impact will be felt on the assets of financial institutions through various indirect channels   Read More ...
Categories: Business |  Science & Nature | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Central bank tears up second-hand car guarantee, says it’s insurance
The six-month guarantee given by members of the Bovag garage association on second-hand cars is to be stopped on the orders of the Dutch central bank, the Financieele Dagblad said on Wednesday. The cost of the guarantee is included in the sales price and entitles buyers to free repairs if there are problems with their car within six months of purchase   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Ajax made almost €50m profit last season, due to Europa League
Amsterdam football club Ajax, the only listed football club in the Netherlands, made net profit of €49.5m last year, the club said in a statement. Turnover reached a record €118.2m, largely due to the club’s performance in reaching the final of the Europa League competition. The sale of players, including Jasper Cillessen to Barcelona and Davy Klassen to Everton, also generated €78   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands |  North Holland | 
Pension funds protest at fees to use government digital communications
Government message service Berichtenbox and the Digid digital signature system are to start charging pension funds to use their services, the Volkskrant said on Monday. The pension fund federation has now written to the official in charge of developing digital communication with the government, describing the new charge as a case of ‘organisational bad manners’. Use of the Digid, which is compulsory to log into many government websites, including the tax office and the student loan service, as well as health insurers, has been free up to now   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Pension providers are looking for 100,000 missing retirees
The three biggest Dutch pension funds – ABP (civil service), PFZW (health service) and PMT (engineering) – have between them €350m waiting to be paid to 100,000 people, the AD said. Most of them are eventually tracked down via the social insurance bank but a large number are never traced. They are mainly people who built up pension rights for a few years and then left the country   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
ECB's Constancio compares Bitcoin to Dutch tulip mania
FRANKFURT (Reuters) - Bitcoin is not a currency but a mere instrument of speculation, the vice president of the European Central Bank said on Friday, comparing the digital currency to tulip bulbs during the 17th century trading bubble in the Netherlands. The dollar value of the Bitcoin has nearly trebled this year and, while its adoption has yet to pick up in a significant way, the rise of this cryptocurrency is worrying central bankers across the world   Read More ...
Categories: Business | 
Tags: Markets |  Currencies |  Currency market | 
Places: United States |  Europe |  N.W. Europe |  Benelux |  Netherlands | 
Investment company HAL has the healthiest Dutch pension fund
The pension fund of investment group HAL is the healthiest in the country with a coverage ratio of 184%, the Telegraaf reported on Friday. This means HAL has €1.84 in its pension fund for every euro it is obligated to pay out. The family doctors’ pension fund is also looking healthy with a coverage ratio of 132%, the paper said. The HAL pension fund was founded to pay the pensions of 1,500 former workers from the Holland-America shipping line but the company has since been turned into an investment group   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Dutch flower exports higher than ever as export markets bloom
The export of cut flowers and plants was higher than ever in the first eight months of the year, the sector organisation VGB reported on Thursday. The sales figure reached €4.2bn by end-August, the earliest the €4bn mark has ever been passed, according to the Telegraaf. TotaL plant and flower exports were 6% higher year-on-year at end-August, the VGB said. Flower exports were 7% higher at €2   Read More ...
Categories: Business | 
Tags: Markets |  Exports | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
SnappCar surges to second place in European car share market
Dutch car share firm SnappCar has propelled itself to second place in the fast-growing European mobility market through the acquisition of rival Tamyca, the largest car-share company in Germany. Utrecht-based SnappCar now has 400,000 members in the Netherlands, Denmark, Germany and Sweden. The company, founded in 2011, is owned by Europcar, Autobinck Group and studio Founder, a Danish start up. The reason SnappCar bought up Tamyca is its good system integration, said SnappCar CEO Victor van Tol   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Meat producer Zwanenberg to concentrate on vegetarian market: FD
Zwanenberg Food Group, which includes Dutch meat and snack producer Kips and Zwan luncheon meat, is phasing out meat products in favour of vegetarian products, the reports. The family firm, which has been in business since 1929, says it is moving with the times and the new strategy comes in response to the fall in meat consumption in Europe. ‘It is now quite normal for young people to not eat meat three days a week,’ ceo Ronald Lotgerink told the paper   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
AkzoNobel issues profit warning, CFO takes sick leave on day of EGM
Besieged paints and coatings and specialty chemicals group AkzoNobel announced on Friday that its chief financial officer Maëlys Castella has taken a leave of absence due to health reasons. The announcement comes just weeks after Akzo’s chief executive officer Ton Büchner permanently left the company for the same reason. It also coincided with AkzoNobel’s extraordinary general meeting called to confirm the appointment of Thierry Vanlancke as Büchner’s replacement   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Profits |  Profit warning | 
Places: Europe |  N.W. Europe |  Benelux |  Netherlands | 
Minder sterke groei import en export China
De import en export in China zijn in augustus minder sterk gegroeid dan een maand eerder. Dat bleek vrijdag uit douanecijfers.   Read More ...
Categories: Business | 
Tags: Markets |  Exports |  Imports | 
Places: Netherlands |