Wednesday 05 October 2022

NL property worth €22 billion held abroad

The value of Dutch real estate and building land in the hands of offshore companies has gone up almost six fold in the past nine years, according to research by the NRC, Groen Amsterdammer magazine and expertise centre Offshore Kenniscentrum. In total, these entities currently own or finance nearly €22 billion worth of Dutch property, compared with €3.8 billion in 2013. The property – almost 15,000 separate units – has been bought or financed by 1,196 different companies, the NRC... More >

KLM warns about flight movement cuts

Airline KLM says it may have to ditch some 30 destinations to meet Schiphol and cabinet air traffic reduction plans, the Financieele Dagblad reported on Wednesday. The cabinet wants to reduce flight movements at the biggest Dutch airport from 500,000 to 440,000 a year for the next five years to slash pollution and noise problems, and the airport authority is also urging airlines to cut flights because of staffing shortages. KLM has now written to the Dutch parliament, outlining the... More >

100,000 chickens culled due to bird flu

Bird flu has been found on a farm in Groningen and over 100,000 broiler chickens – which were being raised to eat rather than lay eggs – have been destroyed as a precaution. One other farm which is three kilometres from the affected business in Kiel-Windeweer is now being monitored for signs of the disease, which has led to over 4.5 million bird being culled so far. The Kiel-Windeweer factory farm is the fourth in the province to have bird... More >

HAK to stop veg production for six weeks

Dutch food company HAK, best known for its jars of apple sauce, brown beans and peas, is halting production for six weeks from January because of the uncertainty over energy prices. The current high level is making it uneconomic to produce jars of preserved fruit and veg during the winter months, director Timo Hoogeboom said. ‘Current energy costs are exorbitant and up 10 times on a year ago,’ he said. ‘We are doing everything we can to cover the cost... More >

Recession fears grow as PMI drops below 50

The Dutch purchasing managers’ index (PMI) has dropped below the crucial level of 50 for the first time in two years, strengthening fears that a recession is imminent. The PMI, measured by managers’ association Nevi, is based on a monthly survey of supply chain managers to gauge their perceptions of whether market conditions are expanding or contracting. The index figure fell from 52.6 in August to 49.0 in September. A score below 50 means the majority of managers see a... More >

More homes have heat pumps

The number of heat pumps in use in the Netherlands rose almost 50% last year as thousands of homeowners switched from gas-fired central heating. However, schools, hospitals and other public buildings were slower to make the change, with an increase of just 12%, indicating a slowdown, national statistics agency CBS said on Monday. In total, 368,000 new heat pumps were installed last year, of which 325,000 were placed in private homes. Some 1.3 million heat pumps are now in use,... More >