Posts by Practicenet

Affordability is key issue for pension system study

Employment minister Regina Doherty has commissioned a key study into the affordability of a new auto enrolment system for pensions that she has insisted is on course to launch in 2022. The new system is aimed at trying to ensure that young workers will have adequate savings by the time they retire. But there is […]

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Euro dips on Italian debt worries and trade tensions

Euro dips on Italian debt worries and trade tensions The euro dipped today as investors nervous about trade tensions bought into the safe-haven dollar and fretted that political risks in Europe remain high. This is despite the fact that pro-Europe parties won a majority of European parliamentary seats. Remarks by two euro zone officials that […]

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Mortgage approvals rise by 9.5% in April – BPFI

Mortgage approvals rise by 9.5% in April – BPFI New figures from the Banking and Payments Federation Ireland show that just over 4,100 mortgages were approved in April. This is down slightly month on month, but up 9.5% on an annual basis. The figures show that just over half of those mortgages went to first […]

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Mortgage approvals rise by 9.5% in April – BPFI

Mortgage approvals rise by 9.5% in April – BPFI New figures from the Banking and Payments Federation Ireland show that just over 4,100 mortgages were approved in April. This is down slightly month on month, but up 9.5% on an annual basis. The figures show that just over half of those mortgages went to first […]

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New €100 and €200 banknotes in circulation from today

New €100 and €200 banknotes in circulation from today The European Central Bank has said that new €100 and €200 banknotes will start circulating around the euro zone today. The new banknotes use new and innovative security features and are easy to check using the “feel, look and tilt” method. At the top of the […]

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New €100 and €200 banknotes in circulation from today

New €100 and €200 banknotes in circulation from today The European Central Bank has said that new €100 and €200 banknotes will start circulating around the euro zone today. The new banknotes use new and innovative security features and are easy to check using the “feel, look and tilt” method. At the top of the […]

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Ibec backs introduction of carbon tax, short-term carbon budgets

Ibec backs introduction of carbon tax, short-term carbon budgets The largest organisation representing businesses here is backing the introduction of a rising carbon tax, as well as short-term carbon budgets that would restrict greenhouse gas emissions in particular sectors. Ibec has also called for changes to the planning system to facilitate a transition to a […]

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Average weekly earnings up by 3.4% in Q1 – CSO

Average weekly earnings up by 3.4% in Q1 – CSO New figures from the Central Statistics Office show that average weekly earnings stood at €769.98 in the first quarter of the year. This marked an increase of 3.4% from the figure of €744.76 the same time last year, preliminary estimates from the CSO’s Earnings and […]

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Residential property values rise by €84m per day – report

The value of residential property in Ireland rose by more than €84 million every day over the past year, according to new data. In total, the value of homes here is now €510 billion, an increase of €31bn or 6% on a year earlier, the report said. “While the bulk of that comes from changes […]

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Euro zone May business growth weaker than expected – PMI

Euro zone May business growth weaker than expected – PMI Euro zone business growth accelerated a touch this month but not as much as expected, bogged down by a deepening contraction in the bloc’s manufacturing industry which is increasingly affecting service firms. Last month, European Central Bank President Mario Draghi raised the prospect of more […]

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