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NTMA says it will borrow less next year

The National Treasury Management Agency said it plans to borrow between €10 billion and €14 billion in 2020, down from a target range of €14-18 billion last year. The NTMA said a pre-funding strategy had given it a projected cash balance in excess of €15 billion. It said this gives it “significant flexibility” entering 2020 […]

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Euro zone growth curbed by trade, retail sales slowdown

The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed today.  Gross domestic product (GDP) in the euro zone was up 0.2% in the three months from July to September. This was the […]

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Republic likely to be in firing line as EU to consider tougher tax haven listing

A group of European Union countries is calling for the bloc to cast a wider net when listing tax havens and to consider imposing stricter sanctions for countries facilitating tax avoidance, according to an EU document and an EU official. The move is likely to spark some fear in Government circles. The document, prepared by the Danish […]

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Changes to flat-rate expense regime pushed out to 2021

Changes to the flat-rate expenses regime have been pushed out to 2021 as the State’s tax collector awaits results of a review by the Department of Finance. Flat-rate expenses are those that cover the cost of equipment you need for work and Revenue had planned to change how the scheme works Following parliamentary pressure, Revenue has […]

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EU agrees steps towards tighter money-laundering supervision

European Union finance ministers today backed plans for greater powers to combat money laundering after a series of revelations about large amounts of dirty money flowing through European banks. The EU last year experienced its largest money-laundering scandal when it emerged that €200 billion in suspicious payments were made between 2007 and 2015 through Danske […]

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Minister to discuss US tariffs on Irish goods

The Minister of State for European Affairs, Helen McEntee, will discuss the imposition of US tariffs on Irish goods at a series of meetings in Washington this week.  She is due to holds talks on Capitol Hill and with the American Chamber of Commerce.  In October it was announced that a range of goods from […]

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Euro zone growth curbed by trade, retail sales slowdown

The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed today.  Gross domestic product (GDP) in the euro zone was up 0.2% in the three months from July to September. This was the […]

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88% of Irish SME food companies expect revenue growth in 2020

A new survey shows that 88% of Irish food companies expect revenue growth in the year ahead, with 34% of these companies expecting revenue growth of over 10%.  The SME Irish Food Barometer was carried out by PwC and Love Irish Food. It also reveals that while companies are optimistic about the growth prospects for their own […]

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Unemployment rate holds steady at 4.8% in November – CSO

The unemployment rate held steady at 4.8% in November to remain at the lowest level in almost 13 years, new figures from the Central Statistics Office show.  The CSO said the seasonally adjusted number of people who were unemployed stood at 117,800 in November, up marginally from October.   But when compared to November last […]

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Euro zone business growth near-stagnant, but some hopeful signs evident – PMI

Euro zone business activity stayed near stall speed last month, with manufacturing seemingly continuing to act as a drag on the bloc’s dominant services industry as well as the economy as a whole.  Despite some optimistic signs in today’s survey, that picture is likely to disappoint policymakers at the European Central Bank. In September, the […]

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