The Minister for Finance today announced the appointment of three new members to the Financial Services Ombudsman Council for a period of five years with effect from 20 January 2016.
08.01.16Minister for Finance launches an expansion of the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme
The Minister for Finance, Mr. Michael Noonan T.D., has announced a series of improvements to the Disabled Drivers and Disabled Passengers Scheme. Announcing the improved scheme, Minister Noonan stated:
07.01.16Comment by Minister for Finance, Mr. Michael Noonan T.D. on Ireland’s encouraging benchmark Bond Issuance.
“Today’s syndicated sale by the NTMA of a 10 year benchmark bond at a yield of 1.156 per cent demonstrates the market’s confidence in the Irish economy. With this issuance the NTMA has already reached half of their minimum target for 2016 in the first week of January.
- The Exchequer was broadly balanced in 2015, with a deficit of €62 million recorded
- The underlying Exchequer position is showing a year-on-year improvement of c. €5.2 billion on the back of increased tax and non-tax revenue and reduced debt servicing costs
Stabilisation Scheme for Credit Unions
The Minister for Finance, Mr Michael Noonan T.D., signed into law the Credit Union Fund (Stabilisation) Levy Regulations 2015 on 24th November 2015.
21.12.15Minister for Finance commences certain sections of the Credit Union and Co-operation with Overseas Regulators Act 2012
The Minister for Finance, Mr. Michael Noonan TD, has signed an Order commencing certain sections of the Credit Union and Co-operation with Overseas Regulators Act 2012. These sections will come into effect on 1 January 2016. The sections being commenced are:
Following approval of AIB’s capital reorganisation at a shareholder EGM yesterday afternoon the State is to receive €1.64bn in cash from the successful completion of the transaction today. This transaction marks the first meaningful return of capital to the State from its investments in AIB and completes the reorganisation measures which were approved by the SSM in November.
10.12.15Minister for Finance confirms Government contribution to Council of Europe Development Bank Migrant and Refugee Fund
- Government to contribute €250,000 to Migrant and Refugee Fund
- Fund established by Council of Europe Development Bank to provide assistance for resettlement and integration of migrants and refugees in Council of Europe member countries worst-affected by the refugee crisis
- In the third quarter of this year, real GDP rose by 1.4 per cent relative to the previous quarter; as a result the level of economic activity was 7.0 per cent higher than in the same period a year earlier.
One of the fees retailers face for accepting debit and credit cards is being halved from today (9th December), following the announcement by the Minister for Finance in the Budget 2016 speech. From today, the so-called interchange fees banks charge retailers for accepting debit and credit cards will be capped, resulting in significant savings in fees for retailers.