Practicenet, Author at Michael F. Dolan & Co

New lending rules for credit unions from January

November 22, 2019By PracticenetSyndicated

The Central Bank has said it will allow credit unions undertake increased longer term lending, including home mortgage and business lending. From January next year, new regulations will remove the existing lending maturity limits for credit unions which cap the percentage of their lending for periods of greater than five and ten years. These maturity […]

Christmas still ‘make or break’ for many retailers

November 22, 2019By PracticenetSyndicated

The average retailer still relies on the six weeks around Christmas for up to 30% of its annual trade, according to the Ibec group, Retail Ireland. The sector has benefitted from rising wages and an increase in disposable income across the economy in recent years. However, footfall on the streets of towns and cities across […]

European car sales up 8.6% in Oct, driven by VW rebound – ACEA

November 20, 2019By Practicenetcar, Syndicated

Passenger car registrations in Europe rose 8.6% in October, to their highest level since 2009, driven by robust demand in Germany and France. The figures were also boosted by a rebound in demand for Volkswagen cars, which posted a 29% gain. Registrations rose to 1.214 million cars in the countries of the European Union and […]

More time spent on social media than calls – ComReg

November 20, 2019By PracticenetSyndicated

New research shows that consumers here are using our phones less and less for phone calls and more for messaging and social media. The research from communications regulator ComReg also finds that almost everyone in the country now has a phone – with Samsung and Apple the most popular brands. Consumers are spending about a […]

ECB has not reached limits of monetary policy – Lane

November 20, 2019By Practicenetecb, Syndicated

The European Central Bank has not reached the limit of what it can do on monetary policy, its chief economist Philip Lane has said. Despite unprecedented monetary easing, Professor Lane said the ECB still had further tools in its toolbox if needed, but added that they would depend on particular circumstances. “Let me emphasise that […]

Average weekly earnings rise by 3.4% in 2018 – CSO

November 19, 2019By Practicenetearnings

Average weekly earnings were €740 in 2018, an increase of 3.4% on the previous year, according to new statistics released by the Central Statistics Office. However, those on higher than average salaries can skew the numbers and the CSO pointed out that 63% of workers earn less than the average while 37% earn above the […]

Euro zone inflation confirmed as slowing to 0.7% in October

November 19, 2019By Practicenetinflation, Syndicated

Euro zone’s headline inflation slowed in October, the European Union statistics office said today as it confirmed its earlier estimate, with energy prices falling markedly. Eurostat also said the 19-country bloc posted in September a larger surplus in its trade with the rest of world, as exports grew more than imports. Inflation was confirmed at […]

EU Commission gives green light to broadband plan

November 19, 2019By Practiceneteu, Syndicated

The European Commission has approved the Government’s National Broadband Plan, saying it complies with EU state aid rules. The decision means one of the final hurdles preventing the State from signing the contract with the preferred bidder, National Broadband Ireland, has been overcome. The Commission said the €2.6bn of public support will result in high-speed […]

WTO members warn on post-Brexit market access

November 18, 2019By PracticenetSyndicated, WTO

World Trade Organization members have demanded compromises from the EU and Britain to ensure foreign businesses do not lose market access in post-Brexit trade. At a meeting of the WTO’s Goods Council, 15 countries – including the US, India, Australia and Canada – raised concern over the so-called Tariff Rate Quotas (TRQs) that will […]

Two thirds of SMEs do not have digital presence

November 15, 2019By PracticenetSyndicated

A survey by the IE Domain Registry, which manages the dot-IE web address, h found that two thirds of SMEs do not have a digital presence. This means that much of the ever increasing amount of money spent online is going to multinationals like Amazon and ASOS. David Curtin, CEO of the IE Domain Registry, […]

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Author: Practicenet