Categorized as: Syndicated News

Bank of Ireland to raise €500m of equity – source

Bank of Ireland will raise between €500-600m of equity as early as next week as part of a key refinancing of €1.8 billion of state preference shares, according to reports from Reuters today.

Cost of entering bankruptcy to be reduced to €750

The cost of entering bankruptcy is going to be cut from €1,450 to €750. The development has emerged following the dropping of a requirement that details of a bankruptcy be published in a national newspaper.

European Commission publishes plan to close corporate tax loophole

The European Commission has published a plan that it says will eliminate a corporate tax loophole that has cost the European Union billions of euro every year.

The announcement was made in Brussels this afternoon by European Commissioner for Taxation Algirdas Šemeta.

He said it was necessary to reform the Parent Subsidiary Directive.

The law was supposed to prevent multinationals with companies in different member states from being taxed twice.

Signs of stability in the property market, says IBF

The Irish Banking Federation has reported a stabilisation in the property market in its latest housing market monitor.

Euro zone rebound weaker than hoped – ECB’s Nowotny

The economic situation in the euro zone has started to improve but is still weaker than the European Central Bank had hoped, ECB Governing Council member Ewald Nowotny said today.

“The economic situation in Europe and in the euro area in particular has started to improve over the last months or even the last year,” Nowotny told an economics conference.

But “one has to say that this improvement is not …

EU considers low-cost loans to members who sign ‘reform contracts’

THE European Union is considering whether it could encourage countries to make long-term economic changes by offering them loans at below-market rates, an EU official told reporters in Brussels yesterday.

Ireland still facing monitoring by EU and ECB after bailout exit

EU officials have confirmed that Ireland will continue to face monitoring following the state’s exit from the EU-IMF bailout programme.

Euro zone rebound weaker than hoped – ECB’s Nowotny

The economic situation in the euro zone has started to improve but is still weaker than the European Central Bank had hoped, ECB Governing Council member Ewald Nowotny said today.

“The economic situation in Europe and in the euro area in particular has started to improve over the last months or even the last year,” Nowotny told an economics conference.

But “one has to say that this improvement is not …

Ireland still facing monitoring by EU and ECB after bailout exit

EU officials have confirmed that Ireland will continue to face monitoring following the state’s exit from the EU-IMF bailout programme.

EU expected to pledge support for stressed banks

European finance ministers meeting in Brussels are expected to pledge support for any banks that run into difficulty as a result of major stress tests which will be carried out next year.

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