Now that US budget airline JetBlue is no longer welcome at Schiphol Airport, the US is threatening to take action against the Netherlands. The US Department of Transportation calls the move ‘unfair, unreasonable and inconsistent with EU-US agreements’.
BNR lists the most important economic news of the week for you so that you are fully informed.
The ministry threatened measures specifically targeting KLM, Martinair and TUI. According to American, these airlines must share their flight schedules to and from the US within a week. JetBlue is demanding that these Dutch airlines be banned from airports in the United States. US Air Force One recently revoked its take-off and landing rights at Schiphol. Early next week, Washington will discuss this with the European Commission and the Dutch government.
Higher pensions
Discussions should also be held on Dutch inheritance law. That’s what lawyers and mediators are arguing from this week’s Alls over Inheritance platform. According to mediator Fred Schonewille, inheritance law in our country has remained the same for twenty years and is no longer suitable for modern society. ‘Conversation about inheritance now often leads to arguments’
While succession legislation has been stalled for some time, last week news broke of a change in the pension sector. The Pension Fund Maintenance and Welfare (PFZW) has decided to increase the pension by 4.8 percent from January 1, 2024. “We obviously took this into account,” says board member Ilse van der Weyden.
An increase in the Middle East
It has become clear in recent days that the economic consequences of the escalation in the Middle East still need to be taken into account. Research by Rabo Research shows that these effects can be far-reaching. “We will certainly feel it in the Netherlands as well,” fears Igor Tambo, sector economist for the Dutch economy at Rabo Research.
Global energy and food prices will be affected as the war in Gaza escalates. According to researchers from Rabo Research, this means gas prices will rise by 80 to 100 euros per megawatt hour. Also, in that scenario, the price of a barrel of Brent oil would rise to $100, and food prices would rise by 3 to 5 percent.