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Dublin: 16 °C Wednesday 23 July, 2014

Economy - Today’s News

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Economy - Yesterday’s News

From TheJournal.ie The average Irish saver has over €20,000 on deposit Cash Down

The average Irish saver has over €20,000 on deposit

Despite large sums in the bank, many depositors aren’t earning a lot through interest.

From TheJournal.ie Do strong coffee sales mean the economy is getting better? Perking Up

Do strong coffee sales mean the economy is getting better?

Retail Excellence Ireland says that hot beverage sales are an indicator of a stronger employment market.

From TheJournal.ie 60 jobs announced in Cork and Portlaoise Jobswatch

60 jobs announced in Cork and Portlaoise

The jobs are IDA backed and come in the IT and telecoms sector.

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Economy - Monday 21 July, 2014

From TheJournal.ie Consumer rights on ‘vulture fund’ mortgage books to be beefed up Regulation Stations

Consumer rights on ‘vulture fund’ mortgage books to be beefed up

The Government is pushing legislation to put the new owners of Irish loan books on a shorter leash.

Economy - Sunday 20 July, 2014

TD hits out at two-tier economy as Donegal misses out on “fair crack of the investment” IDA

TD hits out at two-tier economy as Donegal misses out on “fair crack of the investment”

Fianna Fáil’s Charlie McConalogue has hit out at unfair treatment for regional counties.

From TheJournal.ie A fate worse than debt: tackling Ireland’s insolvency problem Debt Mountain

A fate worse than debt: tackling Ireland’s insolvency problem

This week the Insolvency Service was branded “pathetic” – the director admits performance is disappointing, but can it be turned around?

Economy - Saturday 19 July, 2014

From TheJournal.ie How much did trade missions cost Ireland in 2013? Mission Profitable

Economy - Friday 18 July, 2014

Revenue collects €310m in property tax and household charge payments

The compliance rates for local property tax payments this year is 94%.

From TheJournal.ie How many Nama debtors have gone bankrupt so far? To The Wall

How many Nama debtors have gone bankrupt so far?

The vast majority of the bankruptcies have been in the UK.

Economy - Thursday 17 July, 2014

From TheJournal.ie Property investors still love us – but there could be competition from Spain Commercial Property

Property investors still love us – but there could be competition from Spain

The Irish property feeding frenzy is still the most active in Europe, but Spain is heating up.

From TheJournal.ie Irish competitiveness on the slide, warns council Competition Time

Irish competitiveness on the slide, warns council

We’re at risk of losing many of the gains made in recent years, the competitiveness watchdog has said.

From TheJournal.ie ‘No evidence’ that disproportionately high number of migrants receive social welfare Jobseekers

‘No evidence’ that disproportionately high number of migrants receive social welfare

A new study has found that the number in receipt of these payments are just a little or below the number in the work force.

From TheJournal.ie Nama’s transformation from the world’s biggest landowner to Ireland’s biggest landlord Explainer

Nama’s transformation from the world’s biggest landowner to Ireland’s biggest landlord

Nama has taken on a host of new objectives – it looks like a sensible move now, but will it work out?

Economy - Wednesday 16 July, 2014

From TheJournal.ie Warning over interest-only mortgage time bomb Peaked Interest

Warning over interest-only mortgage time bomb

Almost half of interest-only mortgages will switch to higher payments over the coming months, prompting concerns about mass arrears

From TheJournal.ie Pathway to ‘Dublin’s Canary Wharf’: Nama’s €3 billion property play New Departure

Pathway to ‘Dublin’s Canary Wharf’: Nama’s €3 billion property play

Developers who had lands transferred to the State’s bad bank could end up developing sites in the Docklands.

Economy - Tuesday 15 July, 2014

From TheJournal.ie ‘Pathetic’ Insolvency Service ‘not fit for purpose’ – IMHO Debt Deals

‘Pathetic’ Insolvency Service ‘not fit for purpose’ – IMHO

The ISI has defended the low level of debt deals, but is under attack over the pace of its work.

Economy - Monday 14 July, 2014

From TheJournal.ie Are you saving for your kids’ college education? Scrimp And Save

Are you saving for your kids’ college education?

New research says that just 55% of parents are.

From TheJournal.ie Dublin could soon have a direct flight to…Addis Ababa Fifth Freedom

Dublin could soon have a direct flight to…Addis Ababa

The deal, if it goes ahead, could be the first of many instances of non-EU airlines using Ireland as a stopover hub en route to the US.

Trading up: Ireland exported €1bn more in a month compared to last year

Pharmaceuticals remain the backbone of the country’s exports.

From TheJournal.ie Insolvency service seals threefold increase in debt arrangements Debt Problems

Insolvency service seals threefold increase in debt arrangements

Although coming off a low base, the insolvency service is happy to see growth.

From TheJournal.ie The next Government will have to hike water charges – ESRI Drip Drip Drip

The next Government will have to hike water charges – ESRI

The light at the end of the tunnel is still “some way off”, Professor John Fitzgerald said this morning.

Construction activity remains “robust” in tenth month of growth

The rate has slowed slightly in the past couple of months but remains strong according to an index by Ulster Bank.

From TheJournal.ie More and more people are dropping out of college (especially men) College Dropout

More and more people are dropping out of college (especially men)

7,000 students from the 2010/11 academic year didn’t make it to second year.

Skills shortage could force thousands of software jobs overseas

A report published today found up to half of software jobs in Ireland are filled by inward migration.

Economy - Saturday 12 July, 2014

From TheJournal.ie This Manhattan ‘Sky Loft’ is on the market for $48 million. Want to see inside? Property Porn
From TheJournal.ie So, how are we getting on with Cuba these days? Diplomatic Relations

So, how are we getting on with Cuba these days?

Pretty well, it turns out…

From TheJournal.ie Whose recovery is it anyway? Many left behind as the economy accelerates Stalled Recovery

Whose recovery is it anyway? Many left behind as the economy accelerates

Saddled with debt and facing little prospect of wage growth, many Irish people aren’t feeling the benefit of the economic turnaround.

Economy - Friday 11 July, 2014

From TheJournal.ie The Briefcase: Tax havens, a €100 million deal for Quinn’s companies, and a Wetherspoons fry-up Inbox Me
From TheJournal.ie Economy set to grow 3.3% this year (and we won’t be getting that harsh budget after all) Back In The Black

Economy set to grow 3.3% this year (and we won’t be getting that harsh budget after all)

Merrion Stockbrokers is bullish on the economy, and says that an adjustment of only €1 billion is needed in Budget 2015.

Inflation up slightly in June

Biggest increases recorded in cost of education, restaurants and insurance.

Economy - Thursday 10 July, 2014

An Oireachtas committee wants your ideas on how to grow the economy of Europe

Your suggestions are a high-demand commodity.

From TheJournal.ie Long-term arrears would take 33 years to clear at current rate BACKLOG

Long-term arrears would take 33 years to clear at current rate

Progress in solving mortgage arrears is slow, with industry experts criticising the solutions deployed.

From TheJournal.ie Cashing in: the NTMA has raised another €500 million from the markets In THe Money

Cashing in: the NTMA has raised another €500 million from the markets

Ireland has now raised €7 billion of its €8 billion target for the year, locking in low rates while they’re on offer.

Au Pairs welcome decision on Domestic Workers Convention

Minister Bruton has announced the government’s plans to ratify the Convention to protect the rights of domestic workers.

EU Commission seeks return of €57m in farm support payments CAP

EU Commission seeks return of €57m in farm support payments

European Court of Auditors says Commission did not properly supervise Member States in the calculation of CAP entitlements.

Economy - Wednesday 9 July, 2014

From TheJournal.ie Explainer: Could Garth Brooks REALLY have brought €50 million into the Dublin economy? The Change

Explainer: Could Garth Brooks REALLY have brought €50 million into the Dublin economy?

Probably not, but it wouldn’t have been far away.

From TheJournal.ie The €100 billion deals: that’s how much was spent Irish mergers so far this year Record Breaker

The €100 billion deals: that’s how much was spent Irish mergers so far this year

Irish deals accounted for nearly one fifth of the European total – but are tax concerns driving the activity?

From TheJournal.ie Professional job vacancies are up by 6% so far this year Foot In The Door

Professional job vacancies are up by 6% so far this year

Many jobseekers at the top end of the market in certain sectors could be looking at several offers.

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