Archive for July 23rd, 2010

RTE on Privatisation List

23rd July 2010 by Maura McHugh

The Irish Times reports that Irish broadcaster RTÉ is on a list of State companies that a Government-appointed group will consider selling in an effort to cut the €84 billion national debt.

Minister for Finance Brian Lenihan announced he has appointed economist Colm McCarthy to chair the new Review Group on State Assets. Mr. McCarthy was part of a review group last year which recommended devastating cuts in the Arts.

Department of Finance official Donal McNally and TCD’s Prof Alan Matthews will join Mr McCarthy on the review group.

Mr Lenihan said its initial focus would be commercial State companies. It will look at other assets, such as the radio spectrum, used to carry mobile phone and TV signals, and mining and exploration licences.

The group’s work won’t necessarily stop at establishing if the companies can be sold. It will also consider how best they can be used to boost growth and contribute to the State’s own investment plans.

Where appropriate, the group will be able to scrutinise companies’ investment and financing plans, business practices and regulation.

They will also have to examine any liabilities that the State may have as a result of owning these businesses.

For example, many of the companies involved have pension deficits. Bord na Móna said this week that the shortfall in its staff retirement fund was €20 million at the end of last year.

The group will report at the end of the year. Mr McCarthy said yesterday that it would give an explanation at that stage for its findings and recommendations.

2010 PLR Deadline Approaches

23rd July 2010 by Maura McHugh

PLR

According to the Public Lending Remuneration (PLR) blog, the final date for receipt of new registration forms for the Irish PLR year 2010 is Tuesday August 31st, 2010 at 5:00 pm.

If you are already registered for Irish PLR, please note that the final date for receipt of additional book forms for the Irish PLR year 2010 is Tuesday August 31st, 2010 at 5:00 p.m.

Books registered after that date will be included for PLR year 2011.