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Dublin: 16 °C Monday 1 September, 2014

Economy - Today’s News

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Economy - Friday 15 August, 2014

Economy - Thursday 14 August, 2014

From TheJournal.ie There’s still no solution for over 70% of problem mortgages No End In Sight

There’s still no solution for over 70% of problem mortgages

New figures from the Department of Finance also show that Buy to Let loans are still struggling.

From TheJournal.ie This morning, major European economies hit the slow lane. Here’s what it means. Sluggish

This morning, major European economies hit the slow lane. Here’s what it means.

Germany and France both posted negative results, with pressure now on Mario Draghi to act.

From TheJournal.ie Paschal Donohoe won’t get involved in the Irish Rail dispute as All-Ireland day strikes loom Not For Turning

Paschal Donohoe won’t get involved in the Irish Rail dispute as All-Ireland day strikes loom

The Transport Minister said he appreciates how difficult it is for workers to vote to cut their own pay.

From TheJournal.ie Irish people switch car insurance provider more than any other service Breaking Up

Irish people switch car insurance provider more than any other service

“Don’t you ever for a second get to thinking you’re irreplaceable.”

Economy - Wednesday 13 August, 2014

Job vacancies for professionals up 21% this July

That’s according to the Morgan McKinley Irish Employment Monitor.

From TheJournal.ie “Exceptional” performance makes Ireland “the fastest-growing economy in Europe” Life In The Fast Lane

“Exceptional” performance makes Ireland “the fastest-growing economy in Europe”

Davy is also calling for a budget adjustment of €500 million.

From TheJournal.ie We’re saving more – but say the government isn’t encouraging us Money Money Money

We’re saving more – but say the government isn’t encouraging us

The proportion of people saving regularly increased to 41% from 35% last month, says the Savings Index.

Revenue want homeowners to justify property tax valuation if house value has increased

The 2013 valuation will have to be justified if the value of the home has increased by over 15%.

Economy - Tuesday 12 August, 2014

From TheJournal.ie Newstalk is taking its case against RTÉ to Europe Radio Wars

Newstalk is taking its case against RTÉ to Europe

The station has accused the State broadcaster of “predatory pricing”.

From TheJournal.ie Did you fly from Dublin to London last year? You helped make it the second busiest international route in the world Crowded Skies

Here’s how many Irish people get the minimum wage…

… It is less than you would think.

From TheJournal.ie The IMF says we can pay back our loans early – but what does that mean? Debt Burden

The IMF says we can pay back our loans early – but what does that mean?

Early repayment could save hundreds of millions every year – but could also be a political minefield.

Economy - Monday 11 August, 2014

Economists are predicting that cheese mountains could become a reality

Not literally, of course. Russia sanctions means we could have an awful lot of leftover cheese, and meat too.

From TheJournal.ie NAMA dealing with 21 legal proceedings against it – both home and away NAMA

NAMA dealing with 21 legal proceedings against it – both home and away

The ghosts of developers stung are coming back to haunt the State’s bad bank.

Construction might be slow but a flood of new orders means it won’t be for long

Ulster Bank says that new orders are at their highest level for 10 years.

Economy - Sunday 10 August, 2014

“I don’t think we’re back to cheese mountains”: Coveney plays down Russian sanctions

The Agriculture Minister has said the effect on the Irish market this year might only be €8.2 million.

“Second class Euro membership”: Ireland could lose automatic right to ECB vote

Under the new system, for one month every year Ireland will not be able to vote.

From TheJournal.ie Poll: Should more action be taken to kick-start the property industry? Your Say This post contains a poll

Poll: Should more action be taken to kick-start the property industry?

A top developer is calling for a “fast-track plan” so that demand can be met.

Economy - Saturday 9 August, 2014

From TheJournal.ie Union welcomes Howlin’s plans to slowly reverse public sector pay cuts FEMPI

Union welcomes Howlin’s plans to slowly reverse public sector pay cuts

Impact said that the move is welcome, and agreed that it should be a gradual process.

From TheJournal.ie There are just 66 days until the next Budget so let’s talk about how much we should cut Counting The Days This post contains a poll

There are just 66 days until the next Budget so let’s talk about how much we should cut

€2 billion, €1 billion or should we aim for a neutral budget. Let’s start the debate…

From TheJournal.ie Why a difference in valuing buildings is causing many credit unions trouble Bang It In The Credit Union

Why a difference in valuing buildings is causing many credit unions trouble

Value in use. Three very important words.

Economy - Friday 8 August, 2014

From TheJournal.ie We’re still paying more for mortgages than the rest of Europe Pay Up

We’re still paying more for mortgages than the rest of Europe

The rate is coming down, but new lending for house purchase is still more expensive than the euro zone average.

Argentina wants to sue the US for forcing them into a default

Argentine officials argue the US court decisions violated its sovereignty.

Is this the latest headache for Ireland’s insolvent classes?

A recently discovered flaw in insolvency law won’t be fixed until September.

Economy - Thursday 7 August, 2014

From TheJournal.ie Austerity is driving up (some) consumer prices Price Pressure

Austerity is driving up (some) consumer prices

New figures from the CSO show rents, education costs and utility bills climbing despite slow overall price growth.

From TheJournal.ie Good news: Unemployment rate predicted to fall to 9.8% in 2015 Jobs

Good news: Unemployment rate predicted to fall to 9.8% in 2015

The ESRI predict that unemployment will fall to 9.8% next year.

From TheJournal.ie House prices in the Irish market are still undervalued, says ESRI Gaffs

House prices in the Irish market are still undervalued, says ESRI

The research finds that there is no sign of a ‘bubble’ in the domestic market.

Economy - Wednesday 6 August, 2014

Dublin is facing a ‘significant housing shortage’ – ESRI

The think-tank says that the Dublin area will need 86% of the houses built over the next 10 years.

From TheJournal.ie The summer sun is helping the economy grow Like A Plant

The summer sun is helping the economy grow

Growth in the sector has now pushed past the two-year milestone.

Economy - Tuesday 5 August, 2014

From TheJournal.ie Tax revenue is €550 million ahead of target – which means we’ll (probably) get an easier budget Tax Take
From TheJournal.ie Homeowners are stepping up problem mortgage repayments – but it’s not enough to solve the arrears crisis Payback Time

Homeowners are stepping up problem mortgage repayments – but it’s not enough to solve the arrears crisis

Meanwhile, new mortgage approvals have hit a three year high, with over €400 million approved in the second quarter.

Dunnes Stores’ recovery continues with another month of increased footfall

There’s also (more) good news for Lidl and Aldi, and (more) bad news for Tesco.

Economy - Monday 4 August, 2014

From TheJournal.ie These 8 jobs will make you rich AND happy* Whistle While You Work

Economy - Sunday 3 August, 2014

Is Canada’s a-pork-alypse coming to Ireland?

Calm down, alright? We should be okay.

Economy - Saturday 2 August, 2014

Argentina just burned its bondholders – could we have done the same?

What makes our situation different from theirs?

IBRC involved in over A THOUSAND legal cases

The Irish Banking Resolution Corporation is trying to reduce legal fees, says Michael Noonan, despite all the legal spats.

Economy - Friday 1 August, 2014

Fancy selling alarms in Kildare? Homesecure is hiring 140 people

They’re looking for 100 now and 40 over the next three years.