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Belgian economy fires up

Belgian economy fires up (1)

Unit labour costs have reduced during the last two years. Belgium is described as a “strong innovator” and the balance of trade in goods was positive for the first time in seven years. This positive news emerges from the fourth edition of the Dashboard for the Belgian Economy which was published today (Wednesday) by the FPS Economy. The FPS Economy ... Read More »

Flanders sets aside 75 million for new climate measures


The Flemish government has earmarked 75 million euros for new measures in favour of climate, the minister-president Geert Bourgeois (N-VA) said. These funds are in addition to those committed under the Flemish climate-energy plan. The largest budgets announced are allocated to energy renovation of social housing (20 million euros) and school buildings (15 million). Read More »

Belgium’s governing bodies fail again to agree on 5G licenses


Belgium’s Consultative Committee has failed once again to reach agreement on the granting of 5G licenses, Telecoms Minister Philippe De Backer said on Wednesday morning. Speaking just after Wednesday’s meeting of the Committee, made up of representatives of the Federal Government and the governments of Belgium’s communities and regions, a visibly disappointed De Backer described the lack of agreement as ... Read More »

Skeyes social tension disrupts flights to Brussels Airport


Skeyes Air traffic controllers will continue with their strike action on Monday, ACV/CSC Transcom (Christian Democrat union) announced. Most delays are expected on incoming flights between 8 am and 4 pm. Departures from Brussels Airport will not be affected, but flights coming into Zaventem will be disrupted “without enough staff to ensure full capacity,” a spokesperson said. Liège airport traffic ... Read More »

Pigeon fetches record €1.25 million at Belgian auction


Two Chinese fanciers battled it out in an online auction to buy the star racer, smashing the previous record of €376,000 ($425,000). New interest from Asian markets in recent years has given the flagging practice a lift. Belgium’s best long-distance racing pigeon, Armando, was the subject of a bidding war between two anonymous Chinese buyers, putting enthusiasts into a spin. ... Read More »

Belgian economy fires up

Belgian economy fires up

Unit labour costs have reduced during the last two years. Belgium is described as a “strong innovator” and the balance of trade in goods was positive for the first time in seven years. This positive news emerges from the fourth edition of the Dashboard for the Belgian Economy which was published today (Wednesday) by the FPS Economy. The FPS Economy ... Read More »

Belgium advises its companies stop exporting to UK around Brexit date


Belgian companies are being advised to avoid exporting to the UK after the 29 March scheduled Brexit date to avoid the chaos of a possible no-deal. They say any firms who can should implement a ‘Brexitpauze’ and try to get their material into the country before Brexit date. Kristian Vanderwaeren, chief executive of Belgian customs, also told Belgian business newspaper ... Read More »

Belgian parties want short-haul flights replaced by train rides


The CD&V (Christen-Democratisch en Vlaams) and Groen (Flemish Greens) would like short-haul flights replaced as far as possible by train journeys. The CD&V party have introduced a resolution containing several alternatives to reach this objective. The Flemish Greens intend to ensure that train journeys are ultimately the lowest-cost option for journeys below 1,000 kilometres. The upper chamber of the Dutch ... Read More »

Belgium wants EU to tax airline flight tickets


Belgium wants its EU partners to introduce a European tax on commercial aviation, Le Soir reports. It could be on aircraft fuel, currently tax free, or a VAT on airline tickets. This will be discussed at the Council of Environmental Ministers next Tuesday at the request of the new Flemish Environment Minister, Koen Van den Heuvel (CD&V, Christen-Democratisch en Vlaams, ... Read More »

Belgium has traits of a tax haven, European Parliament commission finds


Belgium and six other European countries “display traits of a tax haven and facilitate aggressive tax planning,” the European Parliament noted on Wednesday in a report by its Special Commission on Financial Crimes, Tax Evasion and Tax Fraud. In an immediate reaction to the finding, Socialistische Partij Anders (sp.a) europarliamentarian Kathleen Van Brempt accused Belgium’s government of “actively ensuring that ... Read More »

Senior Belgian spy accused of sharing secrets with Russia


A senior Belgian intelligence officer is under investigation over allegedly sharing secrets with the Russians, in a case that exposes fears about spying in the European Union and Nato. An unnamed major who is the head of division at the general intelligence and security service (GISS), the equivalent of M16, is accused of having exchanged confidential information with a Serbian ... Read More »

Ryanair inks agreement with Belgium based pilot unions


Ryanair’s directly employed pilots based in Belgium have voted in favour of a collective labour agreement governing pay and conditions for the next four years. The vote, passed by a majority of 98%, is a further step towards industrial relations stability at Europe’s largest budget airline. In a statement the airlines said the deal was negotiated between Ryanair and the ... Read More »

Belgian port Antwerp netted record cocaine haul in 2018


Brussel: Belgian authorities said they had seized a record haul of more than 50 tonnes of cocaine at the port of Antwerp in 2018. Antwerp, Europe’s second busiest cargo port after Rotterdam, has boomed in importance to the drug trade in recent years and is now considered the continent’s main entry point for South American cocaine. The Belgian finance ministry ... Read More »

Nestlé to launch new Starbucks products in Belgium


Nestlé plans to launch a new range of Starbucks products in a first batch of countries, including Belgium, considered a key market for the two brands, which joined forces last year. The new range is made up of 24 “premium” products, including the first Starbucks capsules that can be used on the Swiss food giant’s Nespresso or Nescafé Dolce Gusto ... Read More »

Investing in the Port of Antwerp


The Port of Antwerp has unmatched strengths to develop industrial and logistics activities into profitable investments. The proximity of customers and suppliers, the high productivity and excellent services mean the port is a prime investment location for industrial activities.Its extensive offer of sustainable energy facilities is a great example of the port’s well-thought through policy. The Port Authority’s Investment Division ... Read More »

Ivory Coast ex-president Gbagbo released to Belgium


Former Ivory Coast president Laurent Gbagbo has been released on bail to Belgium following his acquittal by the International Criminal Court in The Hague on charges of crimes against humanity, the court said Tuesday. Belgium said on Saturday that it had agreed in principle to host Gbagbo pending a possible prosecution appeal against his acquittal, but that final arrangements were ... Read More »

Belgium agrees to take in former Ivory Coast president


Belgium has agreed to take in the former Ivory Coast president Laurent Gbagbo following his acquittal at the international criminal court in The Hague, a foreign ministry spokesman has said. Karl Lagatie confirmed the agreement on Saturday, and added that he did not know if the ex-president was already in Belgium. “That is also part of the framework of our ... Read More »

LSE grabs slice of Belgium’s Euroclear for £243 million as Nasdaq targets Norway


The shake-up of Europe’s trading houses was in full flow today as the London Stock Exchange snapped up a stake in Belgium’s Euroclear and US giant Nasdaq entered the bidding for the Norwegian stock exchange. The LSE will pay £243.35 million for a 4.92% stake in Euroclear and take a seat on the board of the clearing house as competition ... Read More »

Beirut Security Foil Liquid Cocaine Smuggling From Belgium Into Lebanon


ISF said the drugs were concealed “professionally” inside vehicles transported from Belgium into Lebanon via Beirut’s airport. An “international cell had planned to smuggle massive amounts of liquid cocaine into Lebanon,” said ISF, adding that the cell is masterminded by one of the most dangerous fugitives, a Lebanese identified by his initials as G.H. A suspicious vehicle imported from Belgium ... Read More »

Banks may be allowed to open on evenings, weekends and holidays, if staff agree


Belgium’s banks could start practising more liberal opening hours from as early as next month, if unions representing bank employees agree to a proposal formulated by the banks themselves, De Tijd reports. Under the agreement reached by the banks, branches would be able to open until 2000 and in certain cases until 2200. Opening could also be extended to Saturday ... Read More »