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Debt costs up for business despite ECB rate-cut talk Borrowing costs for small and mid-sized businesses in Ireland increased in the first three months of the year, despite the wider speculation in the economy that interest rates will fall. Irish SMEs already pay some of the highest borrowing costs in Europe. The latest Central Bank […]
Read MoreRoad freight tonnage increased by 1.4% in 2018 A total of 149.2 million tonnes of goods was transported by road last year, new figures from the Central Statistics Office show, an increase of 1.4% on the 2017 total. But the CSO said that activity measured as weight by distance was 11,445 tonne-kilometres in 2018, a […]
Read MoreBank of Ireland’s chief finance officer to step down Bank of Ireland has announced that its chief financial officer, Andrew Keating, is to leave the bank. Mr Keating, who has worked at the bank since 2004, is set to take up a “senior finance role” in an “international organisation outside the financial services sector”, the […]
Read MoreIreland runs risk of austerity-era spending cuts, economist to warn politicians Politicians will be warned today that Ireland runs the risk of austerity-era spending cuts if it continues with existing expenditure plans. Stephen Kinsella, Associate Professor of Economics at University of Limerick, will address the Budget Oversight Committee on the same day as the Government […]
Read MoreUK car industry warns next PM no-deal Brexit is not an option Britain’s car industry has warned the next prime minister against a “seismic” no-deal Brexit in October, which it said could add billions of pounds in tariffs and cause border disruption, crippling the sector. Boris Johnson, the frontrunner to succeed Theresa May, and his […]
Read MoreGovernment to borrow to cushion impact of hard Brexit October’s Budget will involve a package worth €2.8 billion, Minister for Finance Paschal Donohoe said as he published the Government’s Summer Economic Statement. However, €2.1 billion of that is already committed to current and capital spending plans, which leaves just €700m to be allocated on budget […]
Read MoreReport suggests new agri-food area for Ireland, UK A new shared food safety and animal health area taking in the island of Ireland and the island of Great Britain as a whole should be created to prevent the Irish backstop taking effect, according to a report by a UK non-government body of MPs, academics, trade […]
Read MoreSecond-hand property prices continue to drop in Dublin – survey Second-hand property prices in Dublin have decreased by an average of €4,500 in the past three months, a survey has found. The Real Estate Alliance survey found the average house price for a three-bed semi-detached house in Dublin stands at €433,000, for the second quarter […]
Read MoreGlobal demand for agri-products set to increase by 70% A senior lecturer in retail management has said food sustainability is becoming more prominent and by 2050 global demand for agricultural product is set to increase by 70%. The global focus on climate means many people are thinking about where food comes from and how much […]
Read MoreRevenue owed €40m in tax, fines and interest by defaulters More than €39.82m remains unpaid to the Revenue Commissioners in taxes, penalties and interest from published tax defaulters in 2017 and 2018. That is according to figures provided by Finance Minister Paschal Donohoe which show €15.5m remains unpaid by published tax defaulters in tax, penalties […]
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