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ECB resists Irish plan to repay IMF bailout loans early

reland’s plan to repay its IMF loans early is facing resistance from the European Central Bank amid continuing concerns that last year’s promissory note deal was bordering on monetary financing. In a setback to the Government’s bid to secure political […]

Tax Institute calls for new measures to attract investment

The Irish Tax Institute has urged the Government to do more in next month’s Budget to attract senior decicion makers and investment to Ireland. Speaking at the organisation’s annual general meeting in Dublin on Thursday, the organisation’s new president Andrew […]

ECB’s €40bn stimulus gamble to boost European economy

The move will directly benefit Ireland, which has begun to show signs of recovery but is being hampered by insipid economic growth across the other 17 countries that use the euro. The hope is that money pumped into the eurozone […]

Ireland must learn from Scandinavian recovery – Noonan

The minister said the country’s recovery was not “an act of God” but the result of government decisions which he claimed eurozone giants France and Italy didn’t take, and are now paying for. And he gave one of the strongest […]

Lack of digital skills could derail economic recovery – report

The report, from the Digital Marketing Institute, also said that a geographical divide is growing with Dublin-based firms faring better than their country cousins. And while online spending by Irish consumers is up 54pc year-on-year, over 60pc of this or […]

Irish and European stocks continue to ‘tread water’

The benchmark ISEQ Overall Index closed up just 4.84 points, or 0.1pc, at 4,827.36 as gains in bookmaker Paddy Power and insurer FBD offset declines in C&C and Ryanair. The Stoxx Europe 600 Index slipped less than 0.1pc to 342.75 […]

Euro zone business grows in August at weakest pace this year – PMI

Signs of slower growth, coupled with firms cutting prices at an even faster rate, will add to pressure on the European Central Bank ahead of its monetary policy meeting on Thursday. Markit’s Composite Purchasing Managers’ Index, which is based on […]

€1bn tax surge that lifts hopes of Budget ‘giveback’

The startling turnaround in fortunes is down to rising employment, a bounce in spending and improved company profits. These all helped push the tax take 20pc ahead of target last month. Mr Noonan collected €440m more than anticipated last month […]

One third of SMEs expect to hire over coming months

Business and labour costs are among the key issues for bosses who will be forced to let staff go, the Small Firms Association (SFA) said. SFA director Patricia Callan warned Irish labour costs are still the 11th highest in Europe […]

Irish stocks rise in line with Europe

In Dublin, the ISEQ Overall Index closed up 39.39 points, or 0.8pc, at 4,822.52 points as heavyweights such as Ryanair extended recent gains. The airline closed up 3.2pc at €7.38. Oil company Providence Resources erased some recent losses to close […]

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