Arriva flotation axed as German taxpayer stumps up extra cash

first_imgA €1bn bail out – in the form of a capital increase – by the German government, means that the planned part-flotation of Arriva on the London Stock Exchange has been cancelled.DB’s corporate HQ in BerlinDeutsche Bahn (DB) – Germany’s national rail operator, which bought Arriva out of private ownership in 2010 – is 100% owned by the German government.Arriva is headquartered in Sunderland and runs UK bus, UK Rail plus bus and rail franchises in 13 other European countries. It employs 55,000 people and in 2015 made a €525m profit on a €4.9bn turnover.Due to DB’s worsening finances in Germany, in May DB’s board proposed part-privatisation of its DB Cargo rail freight business and Arriva, to raise around €4bn.But the privatisation become politically unpopular and the run up to the 2017 German elections has seen the U-turn.The capital increase is funded by above-forecast government tax revenues. The government is also allowing DB to retain more of its profits, now paying a reduced annual dividend of €350m for 2017-2020, instead of €850m in 2017 and at least €500m a year afterwards.The two measures effectively give DB an extra €2.4bn of extra funds.last_img read more

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The handblown Vermont Cocktail/Whiskey Glass has arrived on the market

first_imgAO Glass,Vermont Business Magazine AO Glass operates on 416 Pine Street in the heart of Burlington, Vermont and has been in business since 2007. The glass team is now back in the studio, following all the recommended safety precautions.After a pause in time created by the COVID-19 Virus, the creative, skilled, and seasoned, team at AO Glass is presenting a whole new in-house collection. First out in the Vermont Strong Collection of 2020 is the Cocktail/Whiskey Glass.Rich Arentzen, Co-Owner of AO Glass, “As a company, we have resources to create functional objects that reflect a sense of our community as we reenvision how we interact with our environments and each other”. “If you can’t visit Vermont this summer, you could at least sip some drinks out of this glass as you plan your next trip.”Tove Ohlander, Co-Owner of AO Glass, “With the direct sales to customers online, it gives us an opportunity to keep our prices low. These handblown glasses are landing at $45-50 and that is important during times when people want to buy gifts but can’t spend a fortune. Another feature that’s unique for AO Glass is that we offer hand engraved custom names or quotes on our products, and customers really appreciate to add that kind of value to a gift.”The original handblown AO-VERMONT cocktail/whiskey glass is a versatile go-to glass to have around the home that you can be proud to own or to give as a gift. These are perfect for savoring some of your favorite liquids, whether you’re in the Green Mountain State or far from home. Pair these with a bottle of spirits from one of our fantastic Vermont-based distilleries. And share the warmth.Next one up in the VT series is a bowl followed by a decanter. Sign up to the AO newsletter to follow the progress of the ancient art of glassblowing at a handmade-in-America creative hub.AO Glass is a leading producer of Hand Blown Glass in North America, supplying iconic lighting companies with high-quality glass components including Hubbardton Forge and Allied Maker among many others. Last year AO Glass collaborated with Whistle Pig in to produce the collectible bottle stopper for their 18-year-old Rye.Find the Vermont Strong Glass at www.aoglass.com(link is external). For inquiries email [email protected](link sends e-mail) or call 802.488.4455. We ship all over the country.AO Glass is located at 416 Pine St. in Burlington, VT. Open for appointment only and requires all visitors to wear a mask.”Source: May 27.2020. Burlington VT. AO Glass. Photo by Brian MacDonald.last_img read more

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It is possible to register “weekenders” in the eVisitor system without coming to the Tourist Board in person

first_imgGiven the increased tourist traffic in the category of taxpayers of owners of holiday homes or apartments (weekenders) and the frequent inquiries of tourist boards as well as weekenders themselves, the General Office of the Croatian Tourist Board has prepared additional clarifications that will help in the coming months. all with the aim of reducing the workload of tourist offices, staff of tourist boards and weekenders themselves. The instructions were published on the eVisitor website and were also submitted to the tourist board system.It is possible to register weekenders in the eVisitor system without a personal visit to the tourist board in such a way that taxpayers can submit to the tourist board all the necessary documents by mail, email or fax. We repeat, for the registration of the taxpayer in the system, an OIB and an identification document are required, and for the registration of the associated facility, the taxpayer is obliged to enclose one of the following documents: purchase contract, excerpt from the land register, decision on inheritance, decision on determining special tax on houses for a holiday, decision on legalization of an illegally constructed building, excerpt from the cadastre, proof that a request for legalization of an illegally constructed building has been submitted, collective records of competent authorities (eg records of taxpayers, records of taxpayers on holiday homes and apartments, etc. .).In addition to the mentioned possibility of submitting data by mail, email or fax, weekenders can register in person at the tourist board or they can do it for family members, friends, etc., with a certified power of attorney signed by the owner and notarized. Please note that the certification of the power of attorney is required solely to prevent misuse of access to personal data of taxpayers, or to prevent possible theft of personal identities of taxpayers by third parties.It is also possible to create user sub-accounts within the eVisitor system, so we recommend that weekenders, instead of handing over their access data for use to other persons, open sub-accounts for such persons. In this case, the person who has an open sub-account receives his access data that are different from the access data of the taxpayer, and it can be determined at any time who has undertaken what activity in the system.Additionally, all users of the eVisitor system are enabled to log in via the e-Citizens system (ie NIAS). The advantages of applying through the e-Citizens system are that the taxpayer does not need to come to the tourist board in person or use a username, password and TAN list, but accesses the system in the same way as the e-Citizens system.The instructions are published on the eVisitor website and are also submitted to the system of tourist boards, and are available at linklast_img read more

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