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Bristol based Opus recruitment solutions to open office in Amsterdam

AMSTERDAM: Bristol-based Opus Recruitment Solutions has announced it is to open an office in Amsterdam. It will officially open on 1 March with Opus’s new regional director for Holland, Clare Trotter, at the helm.Trotter will be joined by Rory Mullins, who will lead the perm team. The Amsterdam office is the second international office for the company after it opened ... Read More »

Netherlands property fund IPUT seeking to raise €500m to invest in retail, logistics

AMSTERDAM: Property fund IPUT is seeking to raise up to €500 million from institutional backers to invest in retail and logistics over the next 12 months, according to its chief executive, Niall Gaffney. The regulated investment fund told shareholders this week its total value stood at €1.4 billion at the end of 2014, a gain of 37.1 per cent on ... Read More »

Dutch company GrandVision BV raises $1.2b euro in IPO on Amsterdam’s stock exchange

AMSTERDAM: GrandVision BV, the Dutch company that operates 33 chains of optician stores around the world, raised 1.02 billion euros ($1.17 billion) in the second initial public offering this week on Amsterdam’s stock exchange. Majority owner HAL Holding NV sold 51 million shares at 20 euros apiece — about 20 percent of the total, prior to the exercise of an ... Read More »

Port of Rotterdam handles more than 3 million TEU cargo from China since 2008

AMSTERDAM: Rotterdam became the first European port since the start of the economic crisis in 2008 to handle more than 3 million TEU (20-foot container units) going to or coming from China. Port of Rotterdam Authority CEO Allard Castelein announced this during the first quarterly meeting of the Rotterdam Port Promotion Council (RPPC). At the meeting he analysed the throughput ... Read More »

Now 4,266 company owners living in tax havens including Netherlands

AMSTERDAM: As analysis by Bisnode consulting firm suggested that the number of company owners living in tax havens increased to 4,266 at the end of 2014, up by 9.3 percent year-on-year. US, Panama, Luxembourg and the Netherlands attracted most of them. The curve of entrepreneurs’ interest in tax havens was very dynamic in 2014,” Milan Seliak of Bisnode said, as quoted in ... Read More »

EU to amend laws to halt tax evasion by multinational companies in Luxembourg, Ireland, Netherlands

AMSTERDAM: The European Union has come up with a plan to eradicate tax evasion by investigating existing rules that allow multinationals to cut their bills in Luxembourg, Ireland and the Netherlands. The EU’s executive commission said Wednesday that it will propose new tax legislation next month, including on the automatic exchange of information about tax rulings. Commission Vice-President Valdis Dombrovskis said ... Read More »

First propane cargo from 200,000 b/d Texas terminal to arrive at Antwerp port

AMSTERDAM: The first propane cargo from the 200,000 b/d Nederland export terminal in Texas completed loading on the vessel Captain Markos NL and is due to arrive Sunday in Antwerp, Belgium, according to Platts cFlow vessel-tracking software. The Captain Markos arrived at the terminal January 20 and started loading January 25, causing delays along the line. There were delays all ... Read More »

Amsterdam leads Europe in clean petroleum products tank storage

AMSTERDAM: Amsterdam is the biggest hub in northwest Europe for clean petroleum products (CPP) tank storage, having just over 6 million cubic meters of an estimated 15.5 million cubic meters of capacity in the ARA region, a new survey from oil and chemical industry adviser Downstream B.V. shows. The Downstream B.V. study estimates all commercial tank storage for crude, products ... Read More »

25 million unique users: Dutch internet company WeTransfer to receive $25m investment to conquer US market

AMSTERDAM: Dutch internet company WeTransfer would receive an investment of $25m (€22m) from Highland Capital Partners (HCP) to help it ‘conquer the American market’. WeTransfer, which makes possible the free transfer of big files, has 25 million unique users a month who make 70 million transfers, mainly in Europe. In return for the investment, HCP will receive a ‘small minority ... Read More »

Zimbabwe companies to benefit from €700m Dutch fund

AMSTERDAM: Zimbabwean companies are set to benefit from a €700 million facility unveiled last July by the Netherlands government earmarked for the development of small to medium businesses in 66 developing countries, the Dutch envoy has said. Gera Sneller, the Netherlands ambassador to Zimbabwe, Zambia and Malaw, told The Source last week that her country last year developed a new ... Read More »

Foreign investors put €1.5b more cash into Dutch retail sector

AMSTERDAM: Foreign investors put almost €1.5bn into Dutch retail premises last year, according to property advisory group CBRE. This is almost double of 2013’s investments of €805m, CBRE said. Foreign investors accounted for 47% of last year’s investment in retail property. The bulk of last year’s growth was due to the sale of shopping centres to US equity houses Mount ... Read More »

Dutch economy grows 0.5% in final quarter of 2014

AMSTERDAM: The Dutch economy grew 0.5% in the final quarter of 2014, compared with the previous quarter, the national statistics office CBS said in preliminary figures. Year on year, economic growth was 1%, the CBS said. The figures show the economic recovery is continuing at a cautious pace, the CBS said. The last quarter of 2014 was the third successive ... Read More »

Netherlands customs seizes £8m drugs at North Shield ferry terminal

AMSTERDAM: Drugs worth more than £8million have been seized at the North Shields ferry terminal. Several hundred packages of cannabis resin and herbal cannabis were discovered within the load.A 35-year-old man from the Netherlands was arrested and has been bailed pending further enquiries. Border Force officers found 1.3 tonnes of cannabis resin concealed in a lorry arriving from the Netherlands ... Read More »

Google shifts €10b in royalties to tax haven of Bermuda via Netherlands

AMSTERDAM: Google shifted nearly €10bn in royalties to the tax haven of Bermuda via the Netherlands in 2013. That is almost €1bn up on 2012, the paper says. It bases its claims on an analysis of the annual reports of Dutch-registered Google Netherlands Holdings BV. Over €9bn came from Google Ireland Ltd, the Irish company which sells Google advertising worldwide. ... Read More »

3,600 businesses: Dutch organic food exports rise 11% in 2014 to €928m

AMSTERDAM: Dutch organic food exports rose 11% last year to €928m, according to junior economic affairs minister Sharon Dijksma. In total, over 3,600 Dutch businesses are involved in organic food exports, Dijksma said at an organic food fair in Germany. Germany, Belgium and France are the top three export destinations. In terms of products, eggs top the list, followed by ... Read More »

Exports up 3.9 percent: Dutch economy grows 0.5% in last quarter of 2014

AMSTERDAM: The Dutch economy is continuing signs of recovery, posting growth of 0.5 percent in the last quarter of 2014, according to official bureau Statistics Netherlands (CBS). This is now the third consecutive quarter where growth has been measured, the CBS reported on Friday. In comparison with the fourth quarter of 2013, the economy is a full one percent greater. ... Read More »

€13/tonne levy: Tax on residual waste in Netherlands to increase import of refuse-derived fuel

AMSTERDAM: Tax on residual waste in the Netherlands could increase the country’s import of refuse-derived fuel (RDF), a leading Dutch energy-from-waste company said. A levy of €13(£10)/tonne levy came into force in January but it applies only to waste generated within the country. Landfill was already taxed at €13/tonne. The Netherlands took over half of the RDF material exported by ... Read More »

Estimated $339m sale: US to supply MQ-9 Reaper remotely piloted aircraft to Netherlands

AMSTERDAM: US Defense Security Cooperation Agency has notified Congress of a potential foreign military sale (FMS) of MQ-9 Reapers and associated equipment to the Netherlands. Under the estimated $339m sale, the Netherlands has requested for four MQ-9 Block 5 reaper remotely piloted aircraft, along with four Block 30 mobile ground control stations (option Block 50), six Honeywell TPE331-10T turboprop engines, ... Read More »

Dutch govt grants US$1.2m to 30 Business Process Outsourcing companies of Uganda

AMSTERDAM: The Dutch government through its foreign affairs ministry announced a US$1.2 million support to 30 Business Process Outsourcing companies of Uganda under the Netherlands Trust Fund III. While announcing the support in Kampala, the Netherlands Ambassador to Uganda, Alphons Hennekens said the support will improve market access and enhance export capacity for the selected companies. The embassy received 82 ... Read More »

PPG Industries to increase silica production capacity in Netherlands to 15,000 tonnes

AMSTERDAM: PPG Industries Inc. announced to expand its precipitated silica production capacity in Delfzijl, Netherlands by more than 15,000 tons per year to address the growing global requirement for Agilon performance silica products. PPG Industries is seeing high demand for its silica products, especially for its Agilon performance silica. The company had signed a global supply agreement with a multinational ... Read More »