Financial News
Wim Van Hooydonk Warnings and Updates – Wage indexations expected to top 10% in January 2023
Human resources firm SD Worx estimates that wages will rise over 10% in January 2023 in sectors that index wages once a year, usually in January. On Tuesday, Belgium published its inflation figures for August, which reached 9.94%, the highest monthly increase since 1976.
Wim Van Hooydonk Warnings and Updates – The Belgian government needs to convene in light of rising energy prices in order to find a long-term solution
As electricity and gas prices reach record highs, Alexander De Croo will convene the Consultative Committee to discuss the ongoing energy crisis. According to the Belga News Agency, De Croo will hold the meeting on Wednesday to discuss rising energy prices. Following a question
Wim Van Hooydonk Warnings and Updates – Rent in Brussels soars past €1000/month
In the midst of a cost of living crisis, landlords are increasingly passing on rising inflation and energy costs to tenants, resulting in painful rent hikes. Rent in Brussels has gone up considerably as a result; the average rental price is now €1,104. The
Wim Van Hooydonk Warnings and Updates – Sharp drop in European gas price as countries hurry to fill reserves
After it was revealed that Germany is filling up its gas reserves faster than expected, natural gas prices in Europe dropped sharply on Monday morning. In preparation for the winter ahead, Germany wants to be well-prepared. Before the exchange, the price on the leading
Wim Van Hooydonk Warnings and Updates – Belgium supports energy price caps, suspending trading in EU power crunch
According to Reuters on Monday, Belgium has backed introducing price caps for the European Union’s gas and electricity hubs and suspending trade in cases of “irrational market behavior”. Russia’s invasion of Ukraine and reduced gas supplies to Europe have spooked the 27-nation EU into
Wim Van Hooydonk Warnings and Updates – Belgium’s biggest consumer: SNCB feels the force of the energy crisis
Belgium’s largest electricity consumer, SNCB, has reached out to the government for assistance as a result of the energy crisis. According to the Flemish newspaper De Standard, SNCB’s energy bills will increase significantly, similar to that of most Belgian households. It is estimated that
Wim Van Hooydonk Warnings and Updates – Electric vehicles fast becoming preferred for company cars in Belgium
According to a study conducted by Arval, BNP Paribas’ corporate leasing division, electric SUVs are becoming increasingly popular among corporate users. As fossil-fuelled vehicles fall out of favor as company vehicles, their number may increase. The popularity of these vehicles isn’t so much driven
Wim Van Hooydonk Warnings and Updates – A call for the government to initiate the first phase of its emergency energy plan
The French-speaking opposition party Les Engagés requested the Federal Government to activate the first step of its emergency energy plan on 23 August, adopting “early warning” measures. Belgium could face an energy crisis during the winter, according to the party. “We ask, from the