Sunday 15 September 2019

The economy is speeding up: more fast-growing firms in NL

Photo: Depositphotos.com

The number of fast-growing companies in the Netherlands rose to 7,300 last year, with the hospitality and building sectors leading the way, the national statistics office CBS said on Tuesday.

The CBS defines a fast-growing company as one which employs at least 10 people and which expands its workforce by at least 10% over three consecutive years. The 2016 total is the highest since 2010, when the CBS started collecting information about fast-growing firms.

The number of fast-growing restaurants, cafes and other hospitality sector firms rose 25%. In the building sector there were 385 fast-growing firms last year. That is down on 2010’s 410 firms but almost double the 2015 total as the construction sector continues its recovery.

Some 2,000 of the fast-growing Dutch companies are in the business services sector and one in six of the total fast-growing firms boosted their workforce by takeovers.

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