Irish bonds benefit from calm aftermath of Greek storm

Taking stock after a month of crisis, analysts said yesterday that most European bond yields, including Ireland’s, have weathered well as fears about the Greek exit abated, while the euro has weakened against sterling as the UK interest rates rise […]

Greek banks ordered to reopen

The Greek government has ordered banks to open today, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as prime minister Alexis Tsipras looks to the start of new bailout talks next […]

Micro firms tax credit could create 80,000 jobs

A targeted tax credit for firms employing fewer than 10 people could create 80,000 new jobs at no net cost to the exchequer and reduce the current unemployment rate to 6%. In its pre-budget submission, Dublin Chamber called on the […]

EU raises fears on water, drug spending

The Government must ensure there is enough funding to rebuild the country’s water supply network and will miss its target to cut the national drugs expenditure, the EU said. In a post-bailout report on Ireland, the EU said the Government […]

Pre-tax profits dip 24% at registry in past year

Pre-tax profits at the firm that operates the internet domain name registry decreased by 24% to €253,462, last year, in spite of revenues increasing by 5%. New accounts filed by IE Domain Registry show that the firm’s revenues jumped […]

European shares hit 6-week high on Greece, Alfa Laval surges

European shares climbed to a six-week high on Thursday after the Greek parliament passed sweeping austerity measures demanded by its lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro. Swedish engineering group Alfa […]

Greece crisis: Parliament votes to accept austerity measures as Athens burns

Greek MPs have voted overwhelmingly to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of prime minister Alexis Tsipras’ left-wing party. The bill has fuelled anger in the governing Syriza party and led to […]

Central Bank silent on probes

The Central Bank said it won’t say whether it will use special powers to investigate any of Ireland’s main banks that survived the crash only with the help of bailouts. It comes after the Central Bank said yesterday it had […]

First-time buyer refund scheme ‘almost laughable’

A much-heralded Government initiative aimed at helping first-time buyers onto the property ladder has been described as “almost laughable” by a consumer expert, given current interest rates. The deposit interest retention tax (Dirt) relief applying to deposits up to the […]

Irish loans top EU average

The cost of credit facing many businesses was unchanged in the latest quarter, but the rates banks here are charging companies are much higher than elsewhere in the eurozone, according to Central Bank data published yesterday. Its regular survey of […]

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