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IFI owners to waive part of €45m debt
The defunct Irish Fertiliser Industries (IFI) has an estimated deficit of almost €45 million, according to a statement of affairs released at a creditors' meeting yesterday. p
'No answers' for redundant staff
Reporters were refused access to the Irish Fertiliser Industries (IFI) creditors' meeting at Leopardstown in south Dublin yesterday. p
OECD and Commission to cut growth forecast for Republic
Both the European Commission and the Organisation for Economic Co-operation and Development (OECD) will revise their growth forecasts for the Republic before the end of the month, according to draft figures. p
Other Stories
Eircom could raise prices by 4.5% if cap is relaxed
The average cost of telephone bills will increase by up to 4.5 per cent next year if a proposal by the telecoms regulator to relax a price cap on Eircom is carried through. pIncrease in price of services sends inflation upward
Sharp increases in the price of services forced inflation back on an upward trend in October. pCharge affects education costs
The 69 per cent rise in the student registration charge announced by the Minister for Education, Mr Dempsey, in the summer, appears to be the main reason for the rise in education costs. pBovale among 153 firms to fail accounting standard
Bovale Developments and National Deposit Brokers are among 153 firms registered in the Companies Office as having not kept proper books of account. pSimplification of company law code priority for Harney
Reform of company law code and the establishment of an accounting oversight body are the main priorities for the Department of Enterprise, Trade and Employment, it has said. pSky makes big dent in Irish TV market
British satellite television firm BSkyB, which is not regulated in the Republic, added 10,000 Irish customers in the three months to the end of September. pNTL settles digital TV row with regulator
Cable firm NTL resolved an acrimonious dispute with the telecoms regulator yesterday by agreeing to offer digital television to all its customers by June 2003. pGovernment bows to Europe as it establishes finance advice agency
The Government yesterday bowed to Europe as it unveiled plans for a National Development Finance Agency. pNDP faces delay if €1bn allocation is not increased
The roads programme in the National Development Plan (NDP)would be effectively stalled next year if the capital allocation of €1 billion was not increased radically in the Budget, it has emerged. pEngineers call for construction funds
The Institution of Engineers of Ireland (IEI) has urged the Government to take advantage of the downturn in the construction industry to accelerate key elements of the National Development Plan (NDP), including the national roads programme. pMarket Report
The stock market closed marginally lower, hit by continued weakness in the banks, although dealers said volumes were relatively subdued on a light day for news. p
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