The Credit Reviewer, Mr. John Trethowan today (24th March 2014) published the 13th Report of the Credit Review Office. The Report shows that 55 % of appeals have been found in favour of borrowers and this has resulted in €21.6M credit being made available to SMEs and farms, helping to protect/create 1725 jobs.
21.03.14Fuel Grant Scheme to replace Disabled Drivers Excise Duty Relief following European Court of Justice Ruling to end Excise Relief
- Minister Noonan assures members of the Disabled Drivers and Disabled Passengers scheme that they would not lose out as a result
- Excise relief on fuel provided as part of the Disabled Drivers and Disabled Passengers Scheme will end at the end of 2014
- New fuel grant scheme of the same value to replace scheme
Deposit volumes remained stable in February 2014 at c.€154.2 billion, with deposits decreasing by c.€0.2 billion month-on-month.
19.03.14The Minister for Finance, Mr. Michael Noonan, T.D. today extended his best wishes to Mr. Jim Flaherty on his retirement from his post as Canadian Finance Minister
The Minister for Finance, Mr. Michael Noonan, T.D. today (19th March 2014) extended his best wishes to Mr. Jim Flaherty on his retirement from his post as Canadian Finance Minister and acknowledged his strong support for Ireland.
18.03.14Extension of Deadline to 28 May, 2014 for responses to Consultation Paper on the Stabilisation for Credit Unions
“The Department has decided to extend the deadline from 28 April 2014 to 28 May 2014 for the receipt of responses to their Consultation Paper on the Stabilisation for Credit Unions.”
13.03.14Minister for Finance to Visit Canada as part of Government St Patrick’s Day trade and investment Programme
Data released today (13 March 2014) by the Central Statistics Office (CSO) confirm that the Irish economy contracted slightly (by -0.3 per cent in GDP terms) in 2013.
Today (12-March-2014) in Lisbon, Minister of State Brian Hayes addressed a conference examining the key issues in the run up to Portugal's much anticipated Bailout Exit.
This conference, organised by the Portuguese business daily, Jornal de Negocias, was opened by Portuguese Prime Minister Passos Coelho and also addressed by IMF Head of Mission for Portugal and Greece, Poul Thomsen.
The Department of Finance, in close collaboration with the relevant stakeholders, is working to create a new investment funds vehicle, the “ICAV”. ICAVs will offer a more efficient way to establish and operate investment funds in Ireland.
04.03.14Minister Noonan meeting EIB President Hoyer today re €1.193bn EIB assistance in 2013 - 21% increase on 2012
European Investment Bank (EIB) & Ireland – 2013 Factsheet
• In 2013, EIB Group provided €1.193bn in assistance to Ireland - an increase of €210m (21%) over 2012 levels
• 11 projects approved and/or signed in 2013 in the Energy, Transport, Infrastructure, Corporate, Education and SME sectors (details of projects below)