Ireland Moves to Conclude AIB Stake Sale, Marking Final Chapter in Banking Bailout Era
A significant chapter in Ireland’s financial history was poised to close as the Irish government initiated the sale of its remaining shares in Allied Irish Banks (AIB), one of the nation’s leading financial institutions. The announcement was made on Monday by Finance Minister Paschal Donohoe, who confirmed that the final tranche—representing a 2% stake—would be […]
Record corporate tax haul drives down Irish budget deficit
Ireland ran a lower-than-expected 2021 budget deficit of around 4% of the economy. This is due to a surge in tax receipts, which includes another record contribution from the corporate sector. The ministry had forecast in October that it would finish the year with a deficit of 5.9% of modified gross national income. The most […]
Irish domestic economy nearing pre-pandemic level
By this year end, the Irish domestic economic activity will reach its pre-coronavirus pandemic level. A stronger than expected surge in consumption will add to inflationary pressure, as per the country’s central bank. The local price pressures are expected to ease towards the latter half of next year, according to the Irish authority. This echoes the […]
Irish government to begin phased exit from Bank of Ireland holding
Finance Minister Paschal Donohoe said that the Ireland’s government will begin to sell down part of its 13.9% shareholding in Bank of Ireland. This is over the next six months, marking the state’s first sale of any bank shares since 2017. Ireland pumped almost 40% of its annual economic output into its banks a decade […]