Almost 50% of Dutch companies say they can't survive six months of crisis
4 years, 8 months ago

Almost 50% of Dutch companies say they can't survive six months of crisis

Dutch News  

Almost 50% of companies working outside the financial sector say they might go bust if the coronavirus pandemic lasts more than six month, according to research by national statistics agency CBS and several employers’ organisations. The research carried out at the beginning of April, also shows 15% of firms say they cannot survive beyond two months of crisis. Small firms, with five to 20 employees, are most pessimistic, with 22% saying they will fold if the crisis lasts two months. Landlords and property companies are the least pessimistic with just 4% saying they cannot last two months.

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History of this topic

Bankruptcies on the rise in the Netherlands; Up 5% in August
1 year, 3 months ago

Bankruptcies on the rise in the Netherlands; Up 5% in August

NL Times  

The number of bankruptcies in the Netherlands has been rising for 16 months in a row, Statistics Netherlands reported on Tuesday. In August, the courts declared 5 percent more companies bankrupt than in July, corrected for the number of court hearing days. “Moreover, August had more court hearing days than in July and June.” The trade sector is also one …

Dutch businesses much more optimistic about recovery, growth
3 years, 9 months ago

Dutch businesses much more optimistic about recovery, growth

NL Times  

Businesses owners in the Netherlands and worldwide are much more optimistic now than they were a year ago. The vast majority expect the coming period to bring economic growth, both in general and for their own company, according to the annual survey business consultancy PWC conducts among board chairpersons, NOS reports. This year PWC surveyed the leaders of 5 thousand …

NL sees fewest bankruptcies since 1991, despite pandemic
3 years, 11 months ago

NL sees fewest bankruptcies since 1991, despite pandemic

NL Times  

Despite the pandemic putting pressure on the Dutch economy, 2020 saw remarkably few Dutch businesses go bankrupt. A total of 2,703 companies were declared bankrupt last year, 16 percent less than in 2019 and the lowest number since 1991, Statistics Netherlands reported on Tuesday. The stats office attributed the low number of bankruptcies to the coronavirus support measures the government …

Quarter of retailers facing serious problems if lockdown is extended, assoc. says
3 years, 11 months ago

Quarter of retailers facing serious problems if lockdown is extended, assoc. says

NL Times  

If the government does decide to extend the current hard lockdown by three weeks, thousands of retailers will end up in serious financial problems that may well lead to bankruptcy, according to sector association INretail. "We fear that 25 percent will get into enormous trouble in the coming months," director Jan Meerman said to BNR. That means "tens of thousands …

Coronavirus: More than a third of a million small businesses may not survive winter, warns Labour
4 years, 1 month ago

Coronavirus: More than a third of a million small businesses may not survive winter, warns Labour

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy More than a third of a million small businesses may not …

Economic impact of coronavirus will hit next year, experts say
4 years, 1 month ago

Economic impact of coronavirus will hit next year, experts say

Dutch News  

Despite the slight drop in the unemployment rate this week, and signs of a speedier economic recovery from the coronavirus crisis, the big hit will be felt in the second quarter of next year, according to experts. In total, 102 banking, legal and investment experts took part in a survey on the likely impact of the crisis carried out by …

125,000 jobs have gone since the start of coronavirus crisis: UWV
4 years, 1 month ago

125,000 jobs have gone since the start of coronavirus crisis: UWV

Dutch News  

The total number of jobs in the Netherlands has shrunk by 125,000 during the coronavirus pandemic to the end of July, according to new figures from state jobs agency UWV. The decline was strongest in the hospitality and business services sector, where the number of jobs total declined by 16%, the UWV said. By contrast, the number of jobs in …

125,000 jobs have gone since the start of coronavirus crisis: UWV
4 years, 1 month ago

125,000 jobs have gone since the start of coronavirus crisis: UWV

Dutch News  

The total number of jobs in the Netherlands has shrunk by 125,000 during the coronavirus pandemic to the end of July, according to new figures from state jobs agency UWV. The decline was strongest in the hospitality and business services sector, where the number of jobs total declined by 16%, the UWV said. By contrast, the number of jobs in …

Dutch have few ‘zombie companies’ but wave of bankruptcies is around the corner
4 years, 3 months ago

Dutch have few ‘zombie companies’ but wave of bankruptcies is around the corner

Dutch News  

Dutch government measures to bail out companies hit by the coronavirus crisis have not created large number of zombie companies compared to other European countries but this year will see a big increase in bankruptcies, the Financieele Dagblad said on Tuesday. Figures from credit insurer Atradius published in economic journal ESB show that the Dutch approach to the crisis has …

Quarter of Dutch worried about losing their job due to Covid
4 years, 4 months ago

Quarter of Dutch worried about losing their job due to Covid

NL Times  

The coronavirus crisis has 26 percent of Netherlands residents worried about losing their jobs. Young people in particular are worried about looming unemployment, according to a poll among over a thousand working Dutch for HR service provider Visma Raet, RTL Nieuws reports. Where the crisis put extreme pressure on companies in sectors like the catering industry, events and aviation, other …

Dutch economy will take years to recover from Covid-19 crisis: Planning office
4 years, 4 months ago

Dutch economy will take years to recover from Covid-19 crisis: Planning office

NL Times  

The coronavirus crisis will cause long lasting damage to the Dutch economy, even if the virus is completely under control soon, according to central planning office CPB. The labor supply and investments will only recover in the long term - ten years or more, the CPB expects. "That does mean that we missed out on two years of economic growth," …

Many businesses expect to recover from coronavirus within a year
4 years, 5 months ago

Many businesses expect to recover from coronavirus within a year

NL Times  

A researcher from the University of Amsterdam has found that while many entrepreneurs believe they will recover from the current economic downturn inside of a year, business leaders in the wake of the coronavirus crisis is widely varied. Henk Volberda, Professor of Strategic Management and Innovation at the University of Amsterdam, surveyed 800 senior managers in the Netherlands, with 80 …

Dutch businesses more confident they can survive Covid-19 crisis
4 years, 6 months ago

Dutch businesses more confident they can survive Covid-19 crisis

NL Times  

Businesses in almost all sectors were more confident that they could survive the current economic sector in June. In most sectors, more than half of companies expected that they will exist for at least another year, in May this was only the case in real estate, retail, and information and communication, Statistics Netherlands reported on Wednesday. Compared to May, the …

Those most likely to lose their jobs in Covid-19 crisis also have little to no savings
4 years, 6 months ago

Those most likely to lose their jobs in Covid-19 crisis also have little to no savings

NL Times  

The people who are most likely to lose their jobs during the coronavirus crisis also often have little to no other income or savings to fall back on, central planning office CPB warned in a study into the most vulnerable groups on the labor market during this crisis. According to the CPB, those most likely to lose their jobs are …

Thousands of coronavirus bankruptcies ahead for NL: credit insurer
4 years, 6 months ago

Thousands of coronavirus bankruptcies ahead for NL: credit insurer

NL Times  

A wave of bankruptcies will roll through the Netherlands from this autumn, credit insurer Coface said in a report on Thursday. Coface based its calculations on its large collection of business data, taking the current government coronavirus support measures into account. The first two are more or less self-explanatory as travel restrictions kept tourists away and fewer customers can be …

Fifth of Dutch businesses struggling with payment problems
4 years, 6 months ago

Fifth of Dutch businesses struggling with payment problems

NL Times  

Almost 20 percent of businesses in the Netherlands were unable to meet their financial obligations in May. A third said they won't last longer than three months in their current situations, according to a survey of 112 sector organizations affiliated with MKB Nederlands and VNO-NCW. 88 percent of businesses said their sector is currently being affected or heavily affected by …

Netherlands businesses less worried about continued existence
4 years, 7 months ago

Netherlands businesses less worried about continued existence

NL Times  

Business owners in almost all branches of the non-financial sector were much more confident that their business will be able to exist for at least another year in May than they were in April. Retail saw the biggest increase in confidence - in April 9 percent of retail business expected to still exist a year in the future, in May …

Coronavirus could cause a new euro crisis: Dutch Planning Office
4 years, 7 months ago

Coronavirus could cause a new euro crisis: Dutch Planning Office

NL Times  

The coronavirus crisis could lead to a new euro crisis, the Netherlands office for economic policy analysis CPB said after analyzing the vulnerabilities of the financial system. Despite coronavirus support measures implemented by the government, businesses and households are facing increasing financial difficulties. It showed that a quarter of small and medium sized businesses need more money than support measures …

Most NL entrepreneurs confident they'll survive coronavirus crisis
4 years, 9 months ago

Most NL entrepreneurs confident they'll survive coronavirus crisis

NL Times  

The majority, 65 percent, of entrepreneurs in the Netherlands are confident that their business will survive the coronavirus crisis, even though over a fifth of SMEs and 40 percent of self-employed have had to halt all their activities due to restrictions in place to curb the spread of Covid-19. Over half of entrepreneurs think their financial buffers will be enough …

Coronavirus measures likely to last at least 6 months: Survey; Most demand small business support
4 years, 9 months ago

Coronavirus measures likely to last at least 6 months: Survey; Most demand small business support

NL Times  

About 67 percent of people believe the coronavirus restrictions in place in the Netherlands will last for six months or a year, a survey of Dutch people showed. Most think a half-year of distancing is likely, but a fourth are more upbeat They found that 58 percent of people believed that the coronavirus measures like social distancing, bans on gatherings, …

Coronavirus to put Dutch economy in recession: Rabobank
4 years, 9 months ago

Coronavirus to put Dutch economy in recession: Rabobank

NL Times  

The Covid-19 crisis will result in the Dutch economy shrinking by 0.2 percent this year, according to economists from Rabobank. "The crisis is affecting almost all sectors, but the biggest blows are in the construction, agriculture, hospitality, and transport sectors," the economists said. Although the business community is happy with the government's measures to prevent mass redundancies, they fear the …

Millions stay home as the Netherlands goes into lockdown
4 years, 9 months ago

Millions stay home as the Netherlands goes into lockdown

Dutch News  

The streets of Dutch towns and cities are largely deserted on Monday as millions of people heed the government’s advice to work from home. The government on Sunday evening introduced drastic new measures aimed at stopping the spread of coronavirus, which has killed 20 people in the Netherlands so far. Self-employment The economic affairs ministry said on Monday it expected …

Millions stay home as the Netherlands goes into lockdown
4 years, 9 months ago

Millions stay home as the Netherlands goes into lockdown

Dutch News  

The streets of Dutch towns and cities are largely deserted on Monday as millions of people heed the government’s advice to work from home. The government on Sunday evening introduced drastic new measures aimed at stopping the spread of coronavirus, which has killed 20 people in the Netherlands so far. Self-employment The economic affairs ministry said on Monday it expected …

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