The News

Interest cost on Ireland debt fell below €7bn last year – NTMA

The interest cost on Ireland’s debt fell below €7bn last year, the National Treasury Management Agency (NTMA) has said The agency said the early repayment of Ireland’s IMF loans helped contribute to that. But the organisation’s chief executive, Conor O’Kelly, warned that while the State’s debt dynamics are favourable, the debt pile remains at over […]

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SBCI launches €45 invoice financing fund for SMEs with Bibby Finance

The Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI) have launched a new €45m invoice financing fund for small and medium enterprises (SMEs). The new fund makes more favourable rates for BFSI’s invoice finance facilities accessible for Irish firms and is available immediately. Invoice financing frees up cash for company by […]

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EU states back deficit sanction procedure for Spain, Portugal

European Union finance ministers endorsed on Tuesday a deficit sanction procedure for Spain and Portugal, paving the way for the EU executive to propose possible fines in the next 20 days. The European Commission said last week that Madrid and Lisbon had not done enough to correct their excessive budget deficits last year and in […]

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Irish GDP growth at staggering 26.3pc last year, economist says figures are ‘meaningless’

The Irish economy grew, in GDP terThat’s dramatically faster than the 7.8pc growth rate estimated in March, the Central Statistics Office said this morning. The dramatic hikes were due to contributions from the likes of the aircraft leasing sector and multinationals -increases in the stock of capital assets of companies, company relocations, a massive jump […]

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European stock markets seen opening higher

European stock markets were seen opening higher on Monday, according to pre-market calls from financial bookmakers, tracking gains on Asian and US equity markets. Britain’s FTSE 100 was seen opening up by 30-34 points, or 0.5pc higher. Germany’s DAX was seen up by 91-98 points, or 0.9-1.0pc higher, while France’s CAC . was seen up […]

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