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Friday 9 June 2023 Dublin: 17°C

# State Assets

All time
# State Assets
Interest rates on State savings schemes and Prize Bond Fund to be reduced
The NTMA said that the new rates “reflect the reductions in interest rates in both Sovereign bond yields and the retail savings market”.
# Family Silver
The Government is willing to consider offers for Aer Lingus
Paschal Donohoe says Ireland’s connectivity is just as important as the price though.
# Out with the old
Ever heard of Ervia? That's what Bord Gáis Eireann is now called
However, customers will still deal with either Irish Water or Gas Networks Ireland.
# sale of state assets
Bord Gáis sale is 'selling the family silver' - union boss
Arthur Hall said that the government had accepted a deal below what the company is worth.
# State Assets
'This is wonderful': 'Rattled' Gilmore slams 'hard-necked hypocrisy' of Fianna Fáil
The Tánaiste gleefully engaged in one of the government’s favourite pasttimes at Leaders’ Questions this morning: Having a go at Fianna Fáil.
# State Assets
Bord Gais Energy to be sold in the next three months
The Government is hoping to bring in around €1 billion from the sale of the company.
# energy costs
Bord Gáis seeking 7 per cent price hike from October
The move would add almost nine euro per month to the average household winter gas bill.
# State Assets
Plan for sale of Bord Gáis Energy published by Government
It’s expected around a billion euro will be raised by the sale, with around half of the funds raised going to pay down bailout debt.
# Brian Hayes
The OPW is going to take an inventory of everything owned by the State
Minister of State Brian Hayes hopes to have details on every building, every piece of land and every table and chair owned by the State to be online by the beginning of next year.
Howlin: Conditions are not right for selling our stake in Aer Lingus
Public Expenditure and Reform Minister Brendan Howlin told an Oireachtas committee that “optimal conditions do not exist” for disposing of the government’s 25 per cent stake.
# coillte
Cabinet abandons plan to sell off felling rights for public forests
The planned sale of Coillte harvesting rights has been called off, with the agency now set to merge with Bord na Mona.
# need to know
The Evening Fix… now with added Daft Punk on piano
Here are the things we learned, loved and shared today.
# State Assets
For sale: State asset sell-off begins as Bord Gáis Energy invites bids
The energy arm of Bord Gáis Éireann is one of a number of State-run companies the government intends to sell-off in the coming year.
# Cyprus
Bank deposits hit as EU/IMF bailout for Cyprus agreed
Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.
# coillte
'2,500 jobs jeopardised' by sale of Coillte's harvesting rights - report
The Irish Timber Council, representing the country’s sawmills, says that the entire industry is at risk from the proposed sell-off of harvesting rights on Coillte forests.
# Euroleaks
Half of proceeds from State assets sale must pay down debt - Troika
The government is keen to use all of the money from the sale of State assets in “one shape or another” to fund job creation initiatives but the Troika appears more focussed on reducing the debt.
# Stimulus
Government's €2.25 billion stimulus plan hopes to create 13,000 jobs
A major programme of motorway upgrades, as well as spending in justice, health and education, will begin next year.
# Stimulus
New DIT campus at Grangegorman to be part of €2bn stimulus package
Schools, healthcare and roads are also likely to benefit from measures being announced by the government later today.
# State Assets
Half of proceeds from sale of State assets can be used for jobs - Howlin
The Public Expenditure and Reform Minister said that negotiations with the Troika had yielded such an agreement with the other half of the money being leveraged for further stimulus measures.
# Water Charges
Howlin insists no possibility of selling off Irish Water
The public expenditure minister says Irish Water will not form part of the Bord Gais sell-off – but the opposition aren’t convinced.
# Water Meters
Plumbers' association 'ready to start work' on installing water meters
The Association of Plumbing and Heating Contractors says it has 350 firms which could be used to install meters quickly.
# Irish Water
17 questions (and answers) about those new water charges’s Q&A on one of the most controversial issues of the day…
# Labour
Labour delegates vote to oppose sale of semi-state assets
Gardaí deployed pepper spray on protesters gathered outside the conference, and a cameraman was reportedly injured.
# Aer Lingus
Aer Lingus passenger numbers up by 8.2 per cent
The airline has reported increased traffic on both long and short-haul flights.
# Bailout
IMF signs off on latest €3.2 billion loan to Ireland
The IMF signs off on the fifth review of its bailout, and is releasing €3.2 billion to Ireland – bringing its total IMF debt to €16bn.
# State Assets
Moody's backs 'credit positive' sale of state assets
In its weekly credit outlook, Moody’s welcomes the plans to sell state assets – but that our position remains “challenging”.
# Said and done
Leftist flamboyance and corrosive cynicism: The week in quotes
“Autism is a theory. It is not a fact”
# In Numbers
Prime numbers: The week in stats
Debts, draw-downs, state assets and lunar rock – all of that, and more, in your weekly numerical wrap-up.
# State Assets
FF's Martin attacks "bare-faced lies" over sale of state assets
Micheál Martin says Labour ministers are “covering their tracks” by claiming Fianna Fáil agreed to the sale of state assets.
# Daily Fix
The Daily Fix: Wednesday
Your nightly news round-up of the day’s biggest stories…
# State Assets
'It makes no economic sense': Sale of state assets criticised by opposition
Sinn Féin and Fianna Fáil have both criticised the government’s announcement on the sale of State assets today.
# Dáil Éireann
Kenny: I don't foresee sale of state assets in 2012
Taoiseach Enda Kenny tells the Dáil that “commencement and realisation” of selling state assets may begin in 2013.
# State Assets
Parts of Bord Gais and ESB to be sold off to raise €3bn
The government is considering selling parts of Coillte and Aer Lingus when conditions improve – and has insisted that there will not be a fire sale.
# Bargain
Government to reveal which State assets are up for sale
The bailout deal requires Ireland to sell off some State assets – and the full list will be announced by Brendan Howlin later this morning.
# State Assets
Rabbitte, McGrath in war of words over state assets
Fianna Fáil’s finance spokesman takes issue with Pat Rabbitte’s claims that the sale of state assets was demanded by FF.
# Bailout
Latest memorandum reveals more austerity ahead in Budget 2013
The latest memorandum of understanding between Ireland and the Troika also states for the first time that money raised from the sale of State assets can be used for reinvestment in the economy.
# Appointments
Colm McCarthy appointed to board of Dublin Airport Authority
He is joined by former Bord Gais CEO Gerry Walsh and aviation executive John Lynch.
# Bord na Móna
Bord na Móna workers to vote on industrial action in pay row
Unions say staff at the semi-State body are due a 3.5 per cent pay increase, but the company has said this would cost jobs.