Uncategorized

NTMA raises €1.25 billion in bond auction

The National Treasury Management Agency has raised €1.25 billion this morning in an auction of Irish bonds. Today’s auction brings the total raised by the NTMA so far this year to €13.25 billion. The amounts raised include €600m on the existing 1.1% Treasury Bond 2029 at a negative yield of -0.094%. €325m was raised on

Read More...

Under-25s six times more likely to be in temporary work than older age groups

People aged under 25 are almost six times more likely to be in temporary work than their older counterparts, according to a new study on decent work by the ESRI and the Irish Human Rights and Equality Commission. The research entitled “Monitoring Decent Work in Ireland” finds that young people, along with Travellers, people with

Read More...

Donohoe defends 10% stamp duty proposal on bulk buying

Minister for Finance Paschal Donohoe has defended the decision to exempt apartments from the Government’s proposal to introduce a stamp duty charge of 10% on the purchase of ten or more houses. He said the reason it is a house-focused measure is because he is “genuinely convinced” that if apartments were brought into the scheme,

Read More...

Claims on health insurance plans fall by almost a third

THERE has been a sharp drop in the number of claims made on health insurance plans due to the pandemic restrictions. The Covid-19 outbreak has also seen the number of people with private health cover rise to 2.3 million, which represents 46pc of the population. An additional 38,000 people took out a health insurance plan

Read More...

Property transactions up 12% to €4.2bn despite pandemic

New data from the Property Price Register shows that the volume of residential transactions rose 12% in the first three months of the year, despite the lockdown. According to Davy, €4.2bn of transactions involving 13,100 properties have been recorded so far this year, with buyers clearly undeterred by the difficult environment for buying. “Estate agents

Read More...

Why is Ireland seen as unattractive by banks?

Ulster Bank, Bank of Scotland Ireland, Rabobank, Danske Bank, and more. There have been plenty of lenders who have dipped their toes in the Irish banking sector, only to discover in recent years that the temperature of the water is not to their liking, and disappear. And now it seems one more may be about

Read More...

European Commission approves €60m scheme for Irish SMEs

The European Commission has approved a €60 million scheme to support small and medium-sized Irish businesses impacted by the Covid-19 pandemic. The ‘Small Business Assistance Scheme for Covid’, will be open to companies in all sectors, except financial institutions and companies operating in the primary production of agricultural products, fisheries or aquaculture sectors. In order

Read More...

Half of restaurants face permanent closure due to pandemic, says RAI

Half of restaurants face permanent closure in the wake of the coronavirus pandemic, according to the lobby group which represents the industry.  The Restaurants Association of Ireland will tomorrow call for the VAT reduction from 13.5% to 9%, which was introduced late last year, to remain in place until 2025.  It will also demand that

Read More...

Euro zone inflation holds steady before expected spike

Euro zone inflation held steady as expected last month, taking a break in what is likely to be a temporary but sharp spike in consumer prices in the coming months, data showed today.  Prices in the euro zone rose by 0.2% on the month in January and 0.9% compared to a year earlier, in line

Read More...

Bank of Ireland reassures on cash facilities and ATMs

Bank of Ireland has said that no location will be left without access to financial services or cash facilities after its decision to close 103 branches in the Republic of Ireland and Northern Ireland.  The bank said the branches that are closing are predominately self-service locations that do not offer a counter service.  The branches

Read More...