Eurozone businesses make strong start to Q2

Eurozone businesses started the second quarter with healthy growth as a buoyant order book again encouraged them to hire more, a survey showed. Any sign that the bloc’s recovery is gaining traction will be welcomed by the European Central Bank, […]

ECB plans more stress tests to ward off bank crises

The ECB plans to use further stress tests as part of its effort to ward off any future banking crises in the eurozone, a high-level official said yesterday. The ECB directly supervises the eurozone’s 123 largest lenders, while smaller banks […]

Eurozone manufacturing growth slows but prices rise

Eurozone manufacturing growth eased in April but factories raised prices for the first time in eight months, according to a survey that also showed headcount rose at the fastest pace in nearly four years. Any signs of inflationary pressure will […]

Bank of Ireland ups SME loan approvals by 24%

Bank of Ireland has said it is seeing strong signs of growth in the retail, agri, motor, and property sectors after noting a 12% increase in new credit applications during the first quarter of this year. New figures from the […]

Irish exports grow 10% to hit record €18.6bn

Exporters’ reputation as the economic engine of the country was further cemented yesterday as figures revealed that exports hit record levels in 2014. Irish companies sold an all-time high €18.6bn worth of goods and services last year, with growth of […]

Energy rise ends four months of eurozone deflation

The eurozone ended four months of deflation in April, with consumer prices unchanged from year-ago levels, removing the threat of persistent price declines as energy costs pushed up in the month. Consumer prices in the 19 countries that share the […]

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, […]

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