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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. Minister for Finance, Michael NoonanMinister […]

State-funded grants for first-time buyers under Labour plans

First-time buyers will receive state-funded grants to help them meet strict Central Bank deposit limits, under plans being considered by Environment Minister Alan Kelly. The news comes as senior Government sources last night said its announcement on a new mortgage […]

50% of drivers feel State should pay if insurer fails

Nearly 50% of respondents to a survey feel the Government should pay for any outstanding claims if a motor insurer goes to the wall. The study is by insuremyvan.ie. It is published almost a year after the liquidation of Setanta […]

70% of mortgage holders in arrears are long-term

Seven in 10 residential mortgage holders behind on their repayments are in long-term arrears — a third of which are grappling with a payment backlog of two years or more. Despite the latest Department of Finance mortgage arrears figures showing […]

Trade surplus slips 1% but exports set to grow

Ireland’s seasonally adjusted trade surplus slipped by 1% to €3.8bn in February, although another strong export performance is anticipated for 2015, as a whole. Latest preliminary CSO figures, released yesterday, showed a 3% – or €238m – monthly rise in […]

Seeking a slice of world’s most expensive bank

It’s hard to overstate just how much global investors are captivated by HDFC Bank, India’s biggest lender by market value. Not only does the stock trade at the highest valuation among the world’s largest banks, but international funds are so […]

Population growth offers huge benefits

It might surprise you to learn that 17 million people live in a geography the same size as Munster. That geography is the Netherlands where a normal and civilised society can function, despite the challenges that come with having so […]

Irish State may retain 75% stake in re-listed Permanent TSB

The Government is expected to only dispose of 20%-25% of its stake in Permanent TSB, rather than the 40% originally envisaged. PTSB yesterday confirmed that it will use a public share offering — the first launched by an Irish bank […]

25% rise in professional job opportunities in first quarter of 2015

The availability of professional job opportunities increased by more than a quarter in the opening three months of the year, compared with a year ago. A number of sectors experienced particularly strong growth in the number of jobs available, including […]

Sharp rise in consumer debt deals going through State’s insolvency service

THERE has been a sharp rise in the number of consumer debt deals done through the State’s insolvency office. But mortgage arrears campaigners warned that the deals were not being done fast enough to cope with the huge numbers of […]

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