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Belgian business and economy, in English

One mechanism explains more Belgian economic news than any other, and almost no other country has it.

Belgium indexes wages to inflation automatically. When the health index passes a threshold, pay rises — by law or by sector agreement, without anyone negotiating it. That single feature drives an enormous amount of the country's business reporting: it protects purchasing power, it raises employers' costs against neighbouring countries, and every inflation print is therefore also a story about competitiveness and about the wage-norm law that caps what can be agreed on top.

The rest of the economy is smaller than its output suggests and very open. Antwerp's port and the chemical cluster around it, pharmaceuticals and biotech from Leuven and Ghent, and a financial and lobbying layer in Brussels that exists because the EU institutions do. An export-heavy economy of eleven million people means a German slowdown or a Rotterdam capacity decision is domestic news here.

We summarise the Belgian business press — company results, restructurings and closures, the labour market, energy prices, the federal budget — to 60 words in English. Numbers with the period they cover and the source that published them.

Nothing here is investment advice, and nothing is sponsored. If a story is a company's own announcement, it is described as one.

Latest in this section

VRT NWS · 23 Oct

Luc Pauwels answers questions on energy advances and prices

Energy prices are rising, with natural gas in particular reaching new records. Energy expert Luc Pauwels answers consumers’ most common questions about their energy bills. He explains how to compare s…

HLN · 23 Oct

Trade deficit with China heads for new record

The European Union's trade deficit with China is heading for a new record. The European Commission therefore wants to strengthen protection of the European market. The issue is part of the broader glo…

HLN · 23 Oct

Spotify added 25 million subscribers in one year

Spotify now has 306 million paying Premium subscribers, the music service reports. That is about 25 million more than a year earlier, when 281 million people paid for a subscription. The number of Pre…

La Libre · 23 Oct

Nicolas Baise named head of bpost’s Belgian operations

bpost has appointed Nicolas Baise as the new head of its Belgian entity. The executive was already at the forefront during last spring’s strike, a labor dispute now directly associated with his recent…

La Libre · 23 Oct

Consumer alert: Two products withdrawn from Lidl and Carrefour

Two food products have been withdrawn from sale. Lidl withdrew smoked trout fillet, while Carrefour withdrew pork after an undeclared allergen was detected on the label. Affected consumers should cons…

La Libre · 23 Oct

Stock market review: pharma’s eternal return

This stock market review examines the pharmaceutical sector and its commercial evolution. It highlights the prospect of more favorable sales for pharma groups. The analysis therefore presents the sect…

La Libre · 23 Oct

Change in ownership structure at Compagnie du Zoute

Flemish businessman Philippe Van de Vyvere has sold his shares in Compagnie du Zoute. The sale changes the company’s shareholder structure. Its chairman, Bernard Jolly, says it could “simplify things.…

La Libre · 23 Oct

Another Down Session on Wall Street

US markets posted another lower session, weighed down by a sharp rise in oil prices. Persistent concerns about technology stocks also weighed on Wall Street. The combined pressure is keeping investors…

HLN · 23 Oct

Flemish farmers get financial boost: €4.13 million in emergency aid

The Flemish government is granting €4.13 million in EU crisis aid to Flemish farmers affected by rising fertilizer prices. Flemish Agriculture and Environment Minister Jo Brouns (CD&V) announced the d…

VRT NWS · 23 Oct

Women negotiate raises as well as men but are seen as aggressive sooner

Women do not negotiate their salaries worse than men, but according to Professor Katia Tieleman, they are less likely to take the step and act more cautiously. Figures show that the pay gap is too lar…

HLN · 23 Oct

Mediahuis braces for new round of layoffs

Publisher Mediahuis has a special works council meeting scheduled for Tuesday. The meeting comes as the company prepares for a new round of layoffs. Mediahuis publishes Nieuwsblad and De Standaard, am…

La Libre · 23 Oct

Top-rated employee on Google gets to choose holiday dates, sparking controversy

In France, an Auchan store challenged its employees to collect Google reviews. The person who receives the most positive reviews will be able to choose their holiday dates. The initiative has sparked …

VRT NWS English · 23 Oct

Volvo Car Gent assessing impact of massive global job cuts

Volvo’s headquarters in Gothenburg has announced plans to eliminate 2,500 jobs worldwide. Volvo Car Gent is assessing what the global cuts could mean for its operations and employment plans in Ghent, …

La Libre · 23 Oct

Capital gains tax: Febelfin takes legal action

Febelfin, the Belgian banking sector federation, has filed an appeal with the Constitutional Court against the capital gains tax. It thus joins the other parties that have brought a case before the co…

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Belgian business in 60 words

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