ECB programme raises Bank of Ireland’s pension deficit €700m

The European Central Bank’s quantitative easing programme (QE), aimed at stimulating the eurozone economy, has adversely affected Bank of Ireland, by driving up the deficit in its defined benefit pension schemes by €700m. In a trading update, covering the year […]

Irish jobless decline stalls in April

Unemployment is still expected to fall below 10% this quarter, despite fresh data showing no change in April — only the third time in two years that the jobless rate hasn’t declined on a month-to-month basis. Yesterday’s latest Live Register […]

Cost of labour hinders Irish exports

Cost pressures, skills shortages and a potential ‘Brexit’ are among the chief risks Irish exporters currently face, according to the head of their representative body. Irish Exporters Association (IEA) chief executive, Simon McKeever said exporters’ cost base remains an issue […]

Ireland most to fear in ‘Brexit’

Ireland will lose more than even the UK if it exits the EU, according to a detailed study by a German think-tank. The Republic, with all other EU member states, will also end up paying more into the EU budget, […]

€250bn potential in EU digital market

A single digital market encompassing the whole EU has potential to add up to €250bn to GDP and create hundreds of thousands of jobs over the coming years. The Cybersecurity & Privacy Innovation Forum played host to more than 500 […]

Retail sales set to grow by 9%

Consumer spending could rise by 9% in volume terms this year helping to maintain Ireland’s status as the the eurozone’s fastest growing economy for a second consecutive year. CSO figures published yesterday show a 1.4% increase in headline retail sales […]

128,000 ‘underemployed’ workers want more hours

Almost a quarter of the workforce is made up of part-time employees, many of whom feel they are under-employed and would be willing to work more every week. Some 23.4% of workers are employed part-time as opposed to a fifth […]

‘Everyone loses’ if Britain exits EU

If Britain leaves the European Union, it could knock up to 14% off its GDP by 2030, taking into account all negative factors including lost economic dynamism, a study by two leading German institutes has found. Based on 2014 values, […]

Investment bank predicts 3.5% economic growth

Global investment bank Cantor Fitzgerald is the latest financial body to weigh in on the Irish economic recovery with strong 2015 growth projections. Cantor Fitzgerald is projecting full-year GDP growth of 3.5% in line with predictions from the European Commission […]

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 […]

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