Gaelectric raises €90m in wind farm funding
Windfarm company Gaelectric said yesterday that it had agreed new funding worth more than €90m from Irish and German sources. The company said €30m will come from the National Pension Reserve...
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Atkins awarded MCAAS Contract by the NRA
Atkins has been awarded a prestigious contract to support the National Roads Authority (NRA) in the management of the Motorway network in Ireland. The Motorway Contracts Audit and Administration...
View ArticleMinister Quinn announces 70 major school building projects as part of €2bn...
The Minister for Education and Skills, Ruairí Quinn, T.D., is announcing the 70 school projects which are scheduled for construction in 2014. A €2 billion five-year capital investment programme,...
View ArticleCentral bank review deflates Bank of Ireland’s capital cushion
Bank of Ireland’s capital adequacy ratios suffered a sharp drop today after the Irish central bank said it needed to make extra provisions for loan losses as part of an industry-wide review. Bank of...
View ArticleBill to transform water service delivery in Ireland published
The Minister of State at the Department of the Environment, Community and Local Government, Fergus O’Dowd T.D., has today (2 December, 2013) welcomed publication of the Water Services (No. 2) Bill...
View Article€100m data centre and 150 construction jobs a significant boost for Dublin West
Speaking following the initiation of the construction stage of a €100 million data centre in west Dublin this morning (Thursday), Fine Gael Dublin Mid West Deputy, Derek Keating said the project will...
View ArticleIBEC urges Government to increase infrastructure spend
The government should aim to spend the equivalent of 4pc of gross domestic product a year on infrastructure development by 2020, business group IBEC has advised in a new report issued today. The report...
View ArticleMicrosoft 170m investment brings 380 construction and 20 permanent jobs
Microsoft today announced plans to further expand its Europe Middle East and Africa mega datacentre in Dublin, Ireland. The expansion, due for completion in Spring 2014, represents a new investment of...
View ArticleECB holds rates
The European Central Bank is likely to hold off any fresh policy action this Thursday, but new staff forecasts will be in focus for signs of prolonged price weakness that could lead it to act again...
View ArticleCylon Completes Transformational US Deal with Philips
Irish company Cylon Controls Ltd (“Cylon”), an international leader in the development of building energy management systems and services, today announced it has acquired the US Building Automation...
View ArticleBank of Ireland repayment plan starts
Bank of Ireland is to start repaying bailout money to the State, it announced today. The bank has announced details of a plan that will mean a fundraising of €580m and the acquisition of the...
View ArticleIncoming Eirgrid chairman might reconsider taking post
The incoming chairman of national electricity grid operator, Eirgrid, hinted yesterday that he would reconsider his decision to accept the job after facing heavy criticism at an Oireachtas committee....
View ArticleState set to make €2.5bn from BoI deal
The Government stands to make an overall profit of up to €2.5bn from its initial €4.8bn investment in Bank of Ireland. In a bid to fully exit State ownership, Bank of Ireland raised €580m through a...
View ArticleNew forecasts may put policy pressure on Draghi
New projections from the European Central Bank today will probably point to euro zone inflation remaining below target into 2015, raising pressure on the bank to take fresh action to stimulate the...
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Is Ireland the best country in the world for business?
The answer is yes, according to influential US financial magazine Forbes as Ireland has been named the best country in the world for business. It is the first time Ireland has topped the list since it...
View ArticleECB ready to act
The European Central Bank remains prepared to take various policy options to support the euro zone economy, President Mario Draghi said today. “We are ready to consider all available instruments,”...
View ArticleCentral Bank sets new mortgage debt targets
The Central Bank has given the country’s main lenders until next June to put in place mortgage debt solutions for 75 per cent of customers more than 90 days in arrears. The new targets, agreed in...
View ArticleNama meets troika target as €7.5bn redeemed
NAMA has announced that it has redeemed €500m in Senior Bonds which were issued as consideration for the original loans acquired from the participating institutions in 2010 and 2011. This redemption...
View ArticleSeventh regulator withdraws from Central Bank
Andy Coulson, head of investment firms and funds supervision, has tendered his resignation and will leave the Central Bank in three months’ time. Mr Coulson is understood to have played a critical part...
View ArticleOutlook positive for Abbey as it posts profits of €7.65m
Home builder Abbey has reported a pre-tax profit of €7.65m for the six months to the end of October. That’s an improvement on the corresponding period last year, at €5.95m. In an interim statement the...
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