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State to sell another 5pc of its stake in AIB

About 121 million ordinary shares are to be sold, reducing the State’s stake in the bank by five percentage points, from 30.5pc to 25.5pc.Making...

Explainer: What are the job perks for EU commissioners?

The monthly salary of an EU commissioner is €25,910 before taxes, which adds up to just over €310,000 a year and is paid for...

Nama chief says the State ‘bad bank’ is still pursuing debtors through the courts

The agency is due to complete its work at the end of next year, but Finance Minister Michael McGrath is planning to set up...

Davy says 85,000 homes a year are needed, as population set to boom

Housing output is anticipated to reach 36,000 completions this year, rising to more than 40,000 next year.However the forecasters believe this is well short...

Nama upgrades lifetime State return forecast to €5.2bn

The National Asset Management Agency (Nama) has upgraded its projected lifetime contribution to the Exchequer by a further €300 million to €5.2 billion.The figure...

Pace of public spending risks an economic crisis, Central Bank warns

​Message is likely to be hammered home in a pre-budget letter to the Government If Government spending increases continue at the current pace without any...

Car insurance premiums now rising at three times rate of inflation

New figures show the cost of cover for a car rose by 7.4pc in May when compared with last year.It was the ninth consecutive...

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