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The stricter enforcement of false self-employment may impact 250,000 self-employed people, ABN Amro estimates. ABN Amro thinks that false self-employment happens most often in the healthcare sector. Self-employed people in the construction sector are usually hired for specialist or temporary jobs, the ABN Amro said. The Tax Authority announced that they will usually not issue fines in the beginning, but …

Sector

Construction sector is shrinking in 2024 but will recover for next two years; ABN Amro

The construction sector is going to shrink for the second year in a row this year but will grow again in 2025 before increasing more significantly in 2026. Construction companies have struggled with high interest rates, full power grids, limited nitrogen space, an increase in construction costs, and staff shortages. But there is a need for new homes, and the …

Construction Sector Sector Construction

The construction of new homes is becoming increasingly difficult due to unfavorable market conditions, ABN Amro wrote in a report on the construction sector. According to the bank, rising interest rates, higher sustainability and quality requirements, and difficult permits due to the nitrogen issue are causing headwinds. ABN Amro concludes that “delivering energy-efficient and affordable new construction is a tough …

The current lockdown means that the catering industry is losing 200 million euros in turnover every week, economists at ABN Amro have calculated. The leisure sector, which includes both the hospitality industry and travel organizations, will also not return to the level of 2019 next year, due to the effects of the coronavirus pandemic. The transport and logistics sector also …

Sector Lockdown

ABN Amro stops its financing of North America oil and gas sector

Dutch bank ABN Amro said it is ending its financing of the oil and gas sector in North America. The portfolio includes loans made to about 75 businesses in the North American energy markets with a volume of 1.5 billion U.S. dollars. "As a result of the sale, ABN AMRO withdraws from oil and gas related lending in North America." …

Real estate prices and values will decrease next year, due to the economic recession and rising unemployment caused by the coronavirus, according to economists at ABN Amro. On average, real estate values will decrease by 6 percent next year, sector economist Madeline Buijs said in a report. Retail properties will be hit the hardest, ABN Amro expects, with values already …

ABN Amro Bank NV became the latest bank to exit the commodity and trade finance business, further shrinking the pool of funds available to trading houses moving trillions of dollars of oil, metals and grains around the world every year. “ABN’s decision to pull out of commodity trade finance is worrying for the sector,” said Jean-Francois Lambert, an industry consultant …