The last of the so called “austerity budgets” is due in October – and it looks like another €2 billion of savings will have to be made. This will mean increases in taxation and more cuts to public spending. This all comes after the Property Tax , Water Charges , USC and cuts to welfare […]
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Bailout
More News on State Asset Sell Off
Ireland has been “told” by the IMF/ECB to sell off state assets to help pay off debts. The sale of Bord Gais Energy to Centrica has already been agreed and should be done and dusted before the end of June. More here on Bord Gais Energy Sale ESB announced in October 2012 that it would […]
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More on the Low Price paid by Centrica for Bord Gais Energy
We wrote about the great bargain that Centrica got when they agreed to pay just €150 million for the retail arm of Bord Gais Energy along with a brand new efficient gas powered electricity generator. See our article from last week here. Bord Gais Bargain for Centrica It finally looks like it might be investigated […]
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Bord Gais Energy Sale – Was it a Bargain for Centrica ?
As part of the disposal of state assets to try and pay off Ireland’s bank bailout debts – the sale of Bord Gais Energy has been agreed this week. The headlines say that Bord Gais Energy (BGE) is to be sold for €1.1 Billion to a consortium made up of UK company Centrica and 2 […]
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Bord Gais Energy Sell Off Confirmed
As was announced back in – December the privatisation of Bord Gais Energy has now been agreed and is expected to be completed before July 2014. British firm Centrica – owners of British Gas – has finally agreed to buy the gas and electricity supply arm and a gas-fired power plant from Bord Gais Eireann […]
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