Thursday , May 28 2020
Breaking News
Home / International Customs / Netherlands (page 41)


Netherlands to change name of ship on Nazi link

THE HAGUE: A Dutch ship that sparked controversy because it was named after a Nazi will have its name changed, its owner said. The change was announced on Friday by Allseas, the shipping giant that built and named the Pieter Schelte for a prominent Nazi industrialist and Waffen-SS officer. “As a result of the widespread reactions which have emerged over ... Read More »

Netherlands, Algeria to boost cooperation in oil, gas and renewable energy sectors

ALGIERS: Algeria and the Netherlands expressed here on Thursday to boost cooperation in terms of oil, gas and renewable energy industries. During a bilateral talk, the Algerian Energy Minister Youcef Yousfi and Dutch Minister for Foreign Trade and Development Cooperation Liliane Ploumene reviewed current bilateral cooperation in the hydrocarbons sector and ways of promoting them, the official APS news agency ... Read More »

Netherlands global debt rises $57tn, up 17% of world GDP since 2007

AMSTERDAM: Global debt has risen $57tn or 17% of world GDP since 2007 and rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to economic output than they did in the year of the outbreak of the subprime mortgage crisis and the global credit crunch. McKinsey Global Institute says in the third report ... Read More »

Netherlands gas station owners lose case to lower fuel tax

AMSTERDAM: Netherlands two fuel stations near the Dutch borders lost their lawsuit against the Netherlands over a hike in fuel taxes. The judge on Friday rejected their petition for the Dutch government to pay an advance on damages they suffer as a result from climbing taxes, sending their customers to cheaper filling stations across the border. The companies filed suit ... Read More »

Netherlands govt set to fund $1.2m to Kenya to enhance exports

AMSTERDAM: The Netherlands government is all set to fund US $1.2 million projects in Kenya to help boost the export of Kenya’s IT and IT-enabled services (ITES). The funding of the IT projects is part of two new projects totalling to US $2.2 million in both the IT and Horticulture sectors. The Netherlands is also injecting US $1 million in ... Read More »

10 percent increase: Netherlands records 14m international tourists in 2014

AMSTERDAM: Holland Marketing estimates that close to 14 million international tourists visited the Netherlands in 2014. This is a 10 percent increase compared to 2013. Most of the visitors came from Germany, while China showed the biggest growth percentage-wise. NBTC expects some four percent more visitors in 2015, a forecast of 14.5 million international visitors this year. The 14 million ... Read More »

Netherlands among top countries to comply with latest IMF statistical standards

AMSTERDAM: The Netherlands officially complies with the new, highest standards of the International Monetary Fund (IMF) for the compilation and publication of economic and financial statistics. Statistics Netherlands (CBS) and De Nederlandsche Bank (DNB) have cooperated closely over the past period to achieve this. The new standards are primarily aimed at bringing the financial and macro-economic risks of individual countries ... Read More »

Netherlands cargo team seizes 9000kg hard drugs in 80 cases in 2014

AMSTERDAM: Netherlands Cargo team seized around 9000 kilograms of hard drugs in 2014. A total of 80 cases were recorded. The bulk of the seized drugs were cocaine 7,575 kilograms. The biggest catch was one of 3 thousand kilograms of cocaine found between fruit from Costa Rica in November last year. That was the second largest catch ever in the ... Read More »

Shell reduces 4Q income to shareholders from $773m to $595m

AMSTERDAM: Royal Dutch Shell said it had overstated its fourth quarter results by $178 million due to an error in the valuation of its fuel inventory. The company said its underlying earnings, which are most closely watched by analysts and investors, were unaffected by the mistake. “A stock valuation error in its downstream operations was discovered,” Shell said in a ... Read More »

American companies use Netherlands as their “hub for Europe

AMSTERDAM: Executives from the Netherlands Foreign Investment Agency revealed that small to mid-sized businesses from a variety of sectors have started their businesses in Netherlands after large Atlanta-based multinationals such as UPS, NCR Corp. and Coca-Cola Co. picked the Netherlands for its trade-friendly culture, favorable tax policies and extensive connectivity. Over the past few years, a surge of American software ... Read More »

VBMS wins contract to install export cables at Gemini offshore wind farm project in Netherlands

AMSTERDAM: VBMS has won a contract to help install export cables at the 600MW Gemini offshore wind farm project in the Netherlands. The Dutch company will assist Van Oord, which is the lead contractor on the job, and work on two cable sections with a total length of 11km in the transition area between shallow and deep waters. Stemat Spirit ... Read More »

Yellow BMW i8 spotted in Netherlands with SunGard window tint, ADV.1 wheels

AMSTERDAM: The yellow BMW i8 we saw last week is back again. The Yellow Matte hybrid sportscar was spotted in Netherlands and judging the by the window stickers is owned by the Dutch tuning shop, JD Customs. The hybrid sports car received a new yellow coat, hence the name Frozen Yellow i8. The tuning shop uses a 3M Bitter Yellow ... Read More »

Netherlands increases gold reserves for first time since 1998: IMF

AMSTERDAM: The Netherlands added to its gold reserves for the first time since 1998 as the ninth-biggest holder boosted assets to the highest in seven years, while Russia bought for a ninth month, International Monetary Fund data show. Bullion reserves in the Netherlands climbed to 20 million ounces or 622 metric tons in December, the highest since 2007, after being ... Read More »

Netherlands employers want €18b cut in income tax

AMSTERDAM: Chairman Hans de Boer wanted the income tax in its present form to be changed. He wanted income up to 100,000 euro to be taxed wit 35 percent, and a tax rate of 45 percent to apply to incomes above 100,000 euro. The downside to De Boer’s plan is that it will mean 18 billion euros less in state ... Read More »

Netherlands unemployment rises by 12000 to 642000 in 2014

AMSTERDAM: The number of unemployed in the Netherlands rose by 12 thousand in December and amounted to 642 thousand people, Netherlands Statistics announced today. The unemployment rate rose in December after remaining virtually unchanged in the previous three months. In December unemployed people accounted for 8.1 percent of the workforce. Figures from UWV shows that the number of unemployment benefits ... Read More »

Rotterdam Gateway terminal blocked as dockers protest over lack of bargaining agreement

AMSTERDAM: Things took a new turn at Port of Rotterdam’s RWG terminal as dockers protest over the lack of a collective bargaining agreement. Earlier in the week, Alsvin was loaded at RWG (Rotterdam Gateway) with a number of containers as part of a test operation and sent to ECT where dockers refused to unload the vessel because RWG does not ... Read More »

Unemployment in Netherlands rises to 642000 in 2014

AMSTERDAM: The number of unemployed in the Netherlands rose by 12,000 in December and amounted to 642000 people, Netherlands Statistics announced. The unemployment rate rose in December after remaining virtually unchanged in the previous three months. In December unemployed people accounted for 8.1 percent of the workforce. Figures from UWV shows that the number of unemployment benefits increased in December ... Read More »

Rotterdam port handles 445m tonnes shipments in 2014

AMSTERDAM: The largest seaport of Rotterdam handled 445 million tones shipments last year, 1% more than 2013 figures. Crude oil (+2%) is slightly up compared to the 2013 level, but mineral oil products (-11%) and other liquid bulk (-9%), mainly feedstocks for the chemical industry, are lagging behind., which is attributed to the difficult situation of the chemical industry in ... Read More »

Unilever sales growth weakens in 2014, higher profits, see no market improvement

AMSTERDAM: The further slowdown in sales growth at Unilever is disappointing, according to analysts at Rabobank, also because the food group that sees slowdown persists in the first half of 2015. The operating profit margin is not too bad, with a 40 basis points higher EBIT margin in 2014, where the analysts counted on 20 points. This implies a strong increase ... Read More »

Air navigation service provider of Netherlands publishes safety performance data

AMSTERDAM: The air navigation service provider (ANSP) of the Netherlands declared that it is the world’s first ATC organization to “actively communicate” information about its safety performance to the public. The government provider started reporting incident data on its website on January 13. As an organization committed to transparency, LVNL has decided to take the responsibility to inform the general ... Read More »