March 31, 2023 The U-Commission examines the loans for Wien Energie © APA/THEMENBILD/HELMUT FOHRINGER The Mayor of Vienna Michael Ludwig (SPÖ) was heard on Friday as a witness in the municipal council’s commission of inquiry into Wien Energie. He assured that there was “no alternative” to the lending. This also applies to the procedure using … Read more
– NOS – News from the NOS•yesterday, 20:00 – Carli Kooijman economics editor — Carli Kooijman economics editor — — The Aldel aluminum manufacturing unit and the zinc business Nyrstar halt with their production, at the Yara fertilizer manufacturing unit they seem from working day to working day: a lot more and a lot more … Read more
The European Commission has approved changes to an existing Polish aid scheme. With the aid, Poland wants to support companies from all sectors of the economy against the background of the invasion of Ukraine by Russia. The approved changes also include a €5.1 billion increase in funding. The amendments were approved under the amended State … Read more
Earlier, Vezess also announced that a total of HUF 15.75 billion had been withdrawn from HUMDA Zrt. As part of the state cost reduction, which is also interesting because a few weeks ago went to the agency also the implementation of the support system for electric vehicles. Following the publication of the government decision a … Read more
From red / dpa November 12, 2021 – 4:31 p.m. Lufthansa pays back the state aid. Photo: dpa / Boris Roessler In the corona crisis, several countries are saving Lufthansa from a crash with billions in aid. Now she has paid back the direct aid from the German taxpayers. However, the group is not yet … Read more
The Heaven Holds the Earth – Elizabeth, the saint of love, is a musical about St. Elizabeth of Árpád’s House, said at the production’s press conference in Budapest on Monday. The play by Tünde Zsuffa, Sándor Lezsák and Róbert Szikora is scheduled to be shown on February 26 in Budapest. The production, under the patronage … Read more
Düsseldorf Despite the tightening of filing requirements for insolvency, as was the case in pre-Corona times, the number of corporate bankruptcies in Germany has continued to decline: According to calculations by the credit agency Creditreform, only 8,800 companies filed for bankruptcy in the first half of 2021. That is 1.7 percent less than in the … Read more
Frankfurt The extent of the corona aid provided by the KfW development bank can probably be called historical: In the 2020 pandemic year, KfW promised companies and self-employed aid loans totaling 46 billion euros. This aid package is already three times as large as the 14 billion euros with which the development bank supported the … Read more
Included within the Family Attic Income (IEF), the 2020 School Achievement Bonus -also known as the Schooling Bonus or Student Bonus- is in the process of making payments for the more than 220 thousand beneficiaries of the contribution. It is a transfer made by the State of Chile to students who are in a complex … Read more
Zombies have earned the label of companies that cannot make a profit in the long run, and their survival depends purely on the external assistance of governments or central banks. “The problem of zombie companies is emerging after every global crisis,” explains Pavel Sobíšek, chief economist of UniCredit Bank. According to him, tens of thousands … Read more