Financial services complaints down 42%

There was a 42% fall in the number of complaints received by the Financial Services Ombudsman in 2014, according to its annual review. There were 4,477 complaints made and 3,166 of these were closed by way of a formal investigation. […]

Lack of investment in Irish tourism ‘hurting hotel sector’

The long-term sustainability of the tourism sector is being compromised by a lack of State investment, the hotels federation annual conference has heard. Cutbacks have taken €25m from the coffers of the State’s tourism bodies, Fáilte Ireland and Tourism Ireland, […]

Referendum on Britain’s EU membership will have a knock-on effect on Ireland, warning

The UK economy will suffer in the run up to a referendum on Britain’s EU membership and this will have a knock-on effect on Ireland, a UCD economist has predicted. Joe Durkan, who lecturers in economics at the university, also […]

US and UK rate hikes to drive euro further south

The euro has lost considerable ground since last spring as the persistence of very weak growth in the eurozone, coupled with a fall in inflation to very low levels, forced the ECB into further policy easing moves. It has also […]

Race to buy before summer will spike house prices

Nearly 8,000 house hunters, who rushed to secure mortgage approval in the weeks before the strict new Central Bank deposit rules came into force, are in a race against time to buy houses and apartments before the summer. Borrowers are […]

SMEs to have access to state-backed loans if their lender leaves Irish market

The Government’s credit guarantee scheme is being extended to cover businesses whose lenders, like Danske Bank, are leaving Ireland. Small and medium enterprises (SMEs) will now have access to state-guaranteed refinancing loans if their lender is leaving the Irish market. […]

Divisive talks at ECB meeting

The ECB’s chief economist warned eurozone central bankers of the perils of delaying quantitative easing, according to records of a January meeting that shed light on how policymakers ‘broadly’ agreed to launch the scheme. Speaking to the January 22 gathering […]

SMEs to benefit from €400m funding launch

Small and medium enterprises will next month have access to €400m worth of funding after the launch yesterday of the long-awaited Strategic Banking Corporation of Ireland (SBCI). The first tranche of the SBCI’s €800m reserves will be made available through […]

Mortgage rules ‘will do nothing’ to slow prices

The Central Bank’s new rules on mortgage lending will do nothing to temper rising house prices but will increasingly open the market to investors at the expense of first-time buyers. House price inflation will not be moderated by the restrictions […]

Venture capital funding to SMEs hits €400m

Venture capital funding to SMEs rose over 40% to €401m last year, the highest level seen for 10 years. More than 80% of monies raised went towards funding company expansion, according to the annual VenturePulse survey from the Irish Venture […]

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