Page 98 - State Aid News Today

Apples Cork-based subsidiary records daily profits of €80m in 2020 The company last year paid dividends of $81.5bn to its parent company in the US Numbers employed at AOI and subsidiaries last year totalled 51,255. Some 6,000 of those employees are based in Cork. Picture Dan Linehan Thu, 06 May, 2021 - 10:12 Gordon Deegan Pre-tax profits at an Irish-based Apple business last year decreased by 19pc cent to $33.8bn (€28bn). Apple Operations International Ltd (AOI)s daily pre-tax profits of $...

Comments Off on Denmark to Invest Millions in Wind, Wave, Hydro, Solar Power BRUSSELS, Belgium, May 4, 2021 (ENS) – A Danish aid plan to support electricity production from renewable sources has won the approval of the European Commission. Denmark will invest €400 million (nearly US$481 million) to support renewables such as onshore and offshore wind turbines, wave power plants, hydroelectric power plants and solar photovoltaics. The Commission found that the aid is necessary to further dev...

SOCAR’s got a lot to hide 3 weeks ago Azerbaijan’s State oil company didn’t want to share banking info with Latvian police in case Malta found out about it. SOCAR objected to Latvia’s attempts to obtain information on transactions that Dubai-based SOCAR Trading DMCC made through a Swiss bank in 2017 because “in future Malta will open proceedings against it for these facts”. Not ‘may open proceedings’ but “will”. They have more faith in the Maltese authorities than we do, bu...

TROY, N.Y. — The Troy City School District Board of Education adopted a proposed 2021-2022 budget of $115,293,164. With this plan, the tax levy will increase 0%, which is $532,537 below the allowable tax cap of 1.4%. This marks the ninth consecutive year the district has proposed a budget at or below the tax cap. This year, residents will vote in person on the proposed budget on Tuesday, May 18. They will also vote for candidates running for three open seats on the Board of Education. - Ad...

In the Budget on 3 March, chancellor Rishi Sunak announced the current 100% business rates holiday for the retail and hospitality sector will be extended to the end of June, and will then be discounted for the remaining nine months of the financial year by two thirds, up to a value of £2m for closed businesses. It means that many medium and large-sized retailers, which typically pay well above £2m in business rates, will be slapped with hefty bills. Several fashion retailers did not realise t...

Sunday 18 April 2021 7:45 am Sunday Sitdown: Investors look past political changes as Brexit offers a chance to alter investment regulation, says City veteran David Hall More than 440 firms in banking and financial services have relocated part of their business, moved employees or set up new entities in the EU following Brexit. Dublin and Paris are the go-to destinations, as banks have moved or plan to move more than £900bn in assets to the EU, equivalent to 10 per cen...

One-off grant available for Covid-hit businesses in Nuneaton and Bedworth It is for those who occupy commercial premises and who receive a non-domestic rates bill A new grant is being made available for businesses (Image: PA) Never miss another Warwickshire story by signing up to our free email updatesInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in acco...

Sinn Féin call on EU to loosen state aid rules for Knock and other regional airports Sinn Féin MEP Chris MacManus has contacted the European Commission seeking a possible exemption from State Aid rules for regional airports such as Ireland West Airport Knock. State Aid rules limit the amount of state subsidies that can be given to a particular company or sector.  MacManus, the Sinn Féin MEP for Midlands Northwest believes a “total exemption from these rules is necessary for Ireland’s r...

While the fight continues for districts losing millions in state aid to get that money back from the state, a trio of New Jersey Legislators have come up with a plan to prevent any cuts, at least for the 2021-22 school year. It would help districts like Toms River, who is set to lose $8.1 million for the next school year, as well as districts including Brick, Jackson and Freehold Regional. Get our free mobile app New Jersey State Senator Steve Oroho as well as Assemblymen Hal Wirths and Parker ...

The government has approved €46-million in local support, which puts a particular emphasis on Ida-Viru County. The cabinet approved the move at its regular Thursday sitting and endorsed the terms and conditions of the aid, which comes as part of the supplementary budget passed last month in response to the ongoing coronavirus pandemic, the second of its kind since the virus arrived over a year ago. Minister of Public Administration Jaak Aab (Center) said that €16 million will be disbu...