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TODAY'S BUSINESS - IRISH EXAMINER

Minister for Finance, Michael Noonan

GDP growth pushes deficit close to the limit

Ireland’s deficit fell at an impressive rate at the tail end of last year, with the final quarter deficit just above the EU-imposed limit the Government will have to reach by the end of 2015.

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2015 tax take set to be €2bn better than forecast

The Government is expected to take in over €44bn in tax revenue this year. The surplus amounts to €2bn, or 5% more than was forecast in last October’s Budget.

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€1.3bn in water body costs

More than €1.3bn will be added to the government deficit over a three-year period if a key Eurostat decision on Irish Water goes against the government.

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Kenmare repatriates South African employees

Irish mining firm Kenmare Resources has repatriated 62 South Africans working at its titanium mine in Mozambique for their safety after anti-immigrant attacks back home.

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Greek prime minister Alexis Tsipras has given investors two months to submit bids.

Chinese firms invited to bid for Greek oil

Greece has invited Chinese firms to bid in a tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March.

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Retail vacancies fall but Cork situation worsens

The number of retail premises lying vacant fell considerably in the opening months of the year as a slight pick-up in sales growth enticed retailers back onto the country’s main streets.

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British EU exit risk to Ireland

The biggest loser from a Conservative Party victory in next month’s election might end up being Ireland.

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Denis O'Brien

UK firm to back mobile action

A UK litigation funding company is prepared to back a damages action being brought by one of the unsuccessful bidders for Ireland’s second mobile-phone licence, the High Court has heard.

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Risky investments threatening DB schemes

The status of defined benefit (DB) pension schemes remains “a fragile one”, the Pensions Authority has said, noting that too much investment risk is being taken by trustees in order to meet liabilities.

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IMF: Greek talks ‘long way from finish line’

Global lenders’ negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the IMF’s European head has said.

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ECB president Mario Draghi

European bond yields dive on QE

The eurozone economy remained weak last year, growing by just 0.9%. Nonetheless, this did represent an improvement compared to the 0.4% and 0.8% declines in GDP recorded in 2013 and 2012 respectively.

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Bundesbank confident of sustaining momentum

Strong private consumption, backed by low unemployment and rising wages, will sustain Germany’s economic upswing for some time to come, despite slower recent industrial performance, Germany’s Bundesbank said yesterday.

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