Ireland to record highest growth of any EU economy this year at 4.6pc

But it slashed its growth forecast for the Euro area, and predicts no near term let up to high unemployment and low inflation. The latest economic indicators from the Commission are that the Euro Area will avoid a new currency […]

BOI chief: Taxpayer’s stake in bank valued at €1.3bn

The State has made a €1.2bn profit on the €4.8bn Bank of Ireland rescue and continues to hold a 14pc stake in the bank, he said. The bank is now the biggest lender in Ireland, including accounting for 50pc of […]

Report encourages Irish exporters to look east for new markets

A new report written by economist, Sunday Independent columnist and Newstalk broadcaster Marc Coleman considers 16 Asian countries that together receive just 6pc of Irish exports – leaving significant room for expansion. Mr Coleman told the Irish Independent that the […]

Government borrows €3.75bn in first 15 year bond deal since 2009

Investors placed orders for €8.4bn of bonds, not all of which were filled. The money is expected to be used to repay costly IMF bailout loans. Enda Kenny said today that Ireland could look at paying back €10bn of the […]

AIB mortgage scheme sees 1,300 long-term resolutions

In 2013 the Irish Mortgage Holders Organisation entered into an arrangement to act as a broker to offer advice to borrowers in their dealings with AIB. The scheme was launched as a pilot but has proved to be a success […]

Ireland one step away from securing access to China’s €51bn beef market

The Chinese food safety authority, the ASQIQ, agreed to send a team of veterinary inspectors to audit Irish meat export plants and systems in early December, with a view to opening up the vast Chinese market to Irish product in […]

Regulator’s strict mortgage curbs face a baptism of fire

The recent rapid rise in house prices has rattled the Central Bank. Still smarting from criticism that it didn’t do enough to rein animal spirits during the Celtic Tiger house price boom, it has published a “consultation paper” on mortgage […]

Best Christmas in years will boost trade and jobs in retail

Traders are so confident of a return to a “normal” Christmas trade they will take on enough contract staff for 15 million hours of extra shifts in the next few weeks. “We’ve turned a corner,” said a relieved Arnotts chief […]

New State bank to boost SME lending to be launched today

Mr Schaeuble will be joined by the head of the European Investment Bank (EIB) Werner Hoyer, as well as Finance Minister Michael Noonan and Public Expenditure and Reform Minister Brendan Howlin for a joint signing ceremony officially launching the Strategic […]

Number of defaulted loans at Bank of Ireland fall further

“Notwithstanding currency impacts in relation to UK assets, we have reduced the volume of defaulted loans by €1.9bn from June 30 2013 to a level of €16.4bn on September 30 2014,” it said. The bank added that it was benefiting […]

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