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Cost of doing business in towns ‘a big problem’

The Spring Statement tomorrow, which will be announced by the Finance Minister Michael Noonan, is expected to mark the end of austerity in Ireland. The plan for the upcoming budget will outline €1.4bn in tax cuts and spending increases, including […]

Fitch: Bad loan levels to fall further

Instances of non-performing Irish homeloans are set to reduce further over the remainder of 2015, according to leading international credit rating agency, Fitch. In its latest mortgage market index for Ireland, the agency says it sees bad debt levels continuing […]

Flood of cheap money ‘risks creating bubbles’

A flood of cheap money risks creating bubbles in financial markets if interest rates remain low for long , ECB governing council member Erkki Liikanen has said. “We need to pay attention,” Liikanen, also governor of Finland’s central bank, said […]

Revenue to add 400 staff as tax take tops €41bn

Revenue is to take on an additional 400 staff by the end of the year as it scales up its regulatory and compliance capabilities and looks to maintain its strong performance over the past number of years. It is recruiting […]

Growth of 0.4% forecast for euro area

The eurozone economy is on a recovery path, according to all but a handful of forecasters polled by Reuters who also gave a slightly more than one-in-four chance of Greece leaving the currency union. Economists are more optimistic about a […]

Strategic investment fund to invest up to €1bn across country during 2015

The State’s newly created investment fund has announced that it expects to commit between €500m and €1bn to investments in Ireland over the rest of the year. The Ireland Strategic Investment Fund, which is controlled and managed by the National […]

Permanent TSB outlines risks to potential investors

Permanent TSB Group has warned potential investors that a return to profit may be at risk from political pressure to cut interest rates and a potential British exit from the EU. PTSB may be forced to lower its existing 4.5% […]

Debt at record high in Europe

Government debt in the eurozone has surged to the highest levels since the introduction of the single currency, underscoring the challenges still confronting the 19-nation bloc as it wrestles with Greece over new aid payments. Greece’s debt pile swelled to […]

British EU exit risk to Ireland

The biggest loser from a Conservative Party victory in next month’s election might end up being Ireland. Prime minister David Cameron has pledged to renegotiate Britain’s EU membership should he win a second term, and hold a vote by the […]

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. Rises in pay, falling unemployment, rising domestic demand, and lower taxes […]

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