Business Irish

Thursday 26 April 2018

IMF warns of risks to Greek reform

The International Monetary Fund has warned that risks to Greece's economic reform plan remain high and said Europe will need to provide more funds and debt relief to the country.

"The programme is moving in the right direction, but the challenges ahead remain enormous," the IMF said.

The fund agreed to disburse €3.2bn to Greece earlier this week after the government approved new budget cuts, received more favourable aid terms from European nations and conducted a bond buyback.

MacSharry lodges airport complaint

FIANNA Fail senator Marc MacSharry has formally lodged a complaint with the European Commission about what he describes as the Government's breach of European Competition Laws over Shannon Airport.

He said the Government was guilty of the "manipulation of a process which will ensure the demise of Ireland West Airport Knock".

Permanent TSB wins reprieve

PERMANENT TSB yesterday secured a temporary High Court order stopping proceedings aimed at disqualifying a number of people from being directors of the bank.

Judge Nicholas Kearns granted the interim order prohibiting fellow Permanent TSB director Piotr Skoczylas issuing the proceedings. Mr Skoczylas was appointed to the Permanent TSB board by shareholders in 2011.

EU doubts grow for SMEs in North

BUSINESS owners across Northern Ireland are displaying a growing scepticism about the benefits of European membership, according to a new survey.

The latest Close Brothers Business Barometer says 42pc of local SME owner managers believe the UK should leave the EU.

Court turns down Quinn receiver

AN application by the receiver appointed over personal assets of family members of bankrupt businessman Sean Quinn for permission to give information about certain of their accounts to the former Anglo Irish Bank has been refused at the Commercial Court.

He had obtained non-privileged information from financial institutions about some accounts of some of the Quinns, and wanted leave to hand that over to Irish Bank Resolution Corporation, formerly Anglo, for use in the bank's court cross-examination of the Quinns next week.

Irish Independent

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