Tag Archives: Economics

Moy Park’s Brazilian owners make

The owners of Moy Park, NI’s largest poultry processor recorded a profit of £18.3m, just 12 months after making a £38m loss. The figures were revealed in a financial report filed at Companies House in Belfast by food giant, Marfrig. … Continue reading

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Invest NI challenged to drop secrecy around multimillion pound funding of incinerator

Invest NI made financial offers to the shareholders of Rose Energy, the company behind the Lough Neagh Incinerator, as early as 2008 but the amount of public funding and the cost of shareholding it proposes to take is shrouded in … Continue reading

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CALNI demand INI CEO demonstrates transparency on

The Rose Energy Incinerator cannot go ahead without a multimillion pound taxpayers’ subsidy from Invest NI but local residents are being blocked from seeing the business plan and case work. Demanding transparency from the Invest NI Chief Executive Alastair Hamilton, … Continue reading

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Wrong Economics

The summary points of the Economic debate are… WRONG ECONOMICS Direct Capital Subsidy Considerable direct government support would be required to make the Rose Energy proposal viable. At least a £30m pump-priming injection is needed towards a total cost in … Continue reading

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