Ireland has successfully concluded the eleventh review mission of our EU-IMF Programme. In line with each of the previous quarterly reviews, Ireland has met its commitments and our continued strong programme implementation has been recognized by the Troika.
17.07.13Minister for Finance makes regulations to give effect to the Alternative Investment Fund Managers Directive (AIFMD)
The Minister for Finance, Mr. Michael Noonan, T.D., last night signed into law the European Union (Alternative Investment Fund Managers) Regulations 2013 (No. 257 of 2013).
17.07.13“The Minister for Finance, Michael Noonan T.D., congratulated Revenue on their continued success in tackling cigarette smuggling
“The Minister for Finance, Michael Noonan T.D., congratulated Revenue on their continued success in tackling cigarette smuggling. Last Friday (12/07/13) the Revenue Commissioners seized 10.4m cigarettes – the largest seizure of cigarettes in Ireland to date this year and the largest container seizure in Europe so far this year.
The Minister for Finance, Michael Noonan, T.D. and the Minister for Public Expenditure and Reform, Brendan Howlin, T.D., welcomed today (16th July 2013) the publication of the International Monetary Fund’s Report Ireland: Fiscal Transparency Assessment. http://www.imf.org/external/np/sec/pr/2013/pr13258.htm
The Central Bank (Supervision and Enforcement) Act 2013 was enacted on the 11th July, 2013
The Act is an important step forward in building a strengthened regulatory framework for the Irish financial services sector.”
The key features of the Act include.
The Minister for Finance, Mr. Michael Noonan T.D., has signed Regulations ending the Revenue Job Assist Scheme for any employments commencing on or after 1 July 2013. Tax relief under the scheme will continue to be available for successful claims processed for employments that commenced on or before 30 June 2013 until the end of their natural lifecycle.
The Exchequer Statement for the first half of 2013 was published today (Tuesday, 2 July 2013) by the Department of Finance and the Department of Public Expenditure and Reform. The Exchequer Statement shows that the Exchequer deficit at end June 2013 stood at €6,595 million, which is €2,848 million lower than the same period last year.
Credit Union and Co-operation with Overseas Regulators Act 2012 Implementation Plan - 1 July 2013
· Provision for establishment of Real Estate Investment Trusts (REITs) announced in Budget 2013 and included in Finance Bill 2013
· Green REIT plc Ireland’s first REIT
· Signs of rising level of activity and interest supporting a recovery in commercial property
24.06.13Agreement on amendment to maturities on Ireland’s borrowings reduces the market refinancing requirement by €20 billion over the period 2015 to 2022
The Minister for Finance, Michael Noonan welcomes final agreement on amendment to maturities on Ireland’s borrowings
The Board of Directors of the European Financial Stability Facility (EFSF) today (24 June 2013) extended the maturities on Ireland EFSF loans
The average weighted maturity for all loans by the EFSF to Ireland will now be extended by up to seven years