CSO data will give clearer picture of Irish economic recovery

We have seen a number of upgrades to forecasts on the economy in recent times, with most now concluding that it will increase around 4% this year and next, writes Oliver Mangan. However, a recent ESRI paper by Niall Conroy […]

IBEC survey finds 39% of firms cannot afford pay rises

Nearly four in 10 (39%) Irish companies will not be able to award a pay increase this year, according to a survey from IBEC. The survey says the figure is similar to a previous study at the end of last […]

€8.5m show of faith in Ireland Energy Efficiency Fund

The Ireland Energy Efficiency Fund (IEEF) has landed an €8.5m investment as it moves further towards being fully invested by the end of 2016. The Representative Church Body (RCB), the investment manager and trustee of the Church of Ireland Pension […]

Irish retail sales enjoy surge

Retail sales surged in April at their fastest rate for over 14 years, the first very strong evidence that confidence is returning to the Main Street. Economists said they may upgrade their forecasts for economic growth this year on the […]

Nama sales ‘no longer’ benefit State’s funding cost

The rapid sell-off by Nama of its property loans and redemption of its debt is providing a huge profitability kick for Irish banks, but is probably no longer benefiting the State’s funding costs, a leading economist has said. Philip O’Sullivan, […]

Regulatory restrictions ‘stifle’ credit union growth

The credit union sector is overburdened with regulatory restrictions and limitations, which is stifling its growth potential. That is according to Fianna Fáil finance spokesman Michael McGrath, who was commenting on new figures showing that there are 189 credit unions […]

Nama eyes end of loan provision

Nama expects that it may no longer need to make impairment provisions because property prices have recovered rapidly. Chief executive Brendan McDonagh said yesterday that the agency “is reasonably confident” that the era of making provisions against its portfolio of […]

Nama holdings in Cork, Limerick and Galway revealed

New figures suggest Nama is less exposed to rural property developments outside of the big cities than once thought. The asset management agency yesterday produced details of its portfolio investments across Ireland. Its 2014 annual report says that the “urban-centric” […]

Nama sticks to Government plan to close its doors by 2020

Nama is sticking to the Government’s plan to have ended most of its operations by 2018, and to shut its doors by 2020. Chief executive Brendan McDonagh, chairman Frank Daly, and Michael Noonan, the finance minister, said there would be […]

Greece plays down fears of debt default

Greece and its Europeans creditors yesterday sought to play down fears that Athens would default on a payment to the IMF next week. Running short of cash to pay salaries, pensions and debt obligations, senior members of Alexis Tsipras’s government […]

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