Decrease in number of workers earning minimum wage or less There was a 9% decrease in the number of workers earning the minimum wage or less in the last three months of 2018 compared to the previous year, according to CSO figures. 7.6% of employees earned the minimum wage or less in Q4 of 2018, […]
Category: Syndicated
Govt launches plan to boost financial services sector The Government hopes to increase direct employment in the financial services sector to 50,000 by 2025, according to a new strategy launched this morning. The ‘Ireland for Finance’ plan is the latest Government initiative targetting the international financial services sector. There were 44,000 people directly employed in […]
Mortgage approvals soar but would-be buyers wait on supply NEW figures show the scale of pent-up demand among would-be home buyers with approvals running well ahead of mortgage drawdowns. Figures from the Banking and Payments Federation, which represents lenders, show that 8,577 new mortgages to the value of €1.884bn were drawn down by borrowers during […]
Govt wants Central Bank in financial sector forum New structures to encourage the development of international financial services will include bringing the Central Bank into a new stakeholder engagement group with industry and see overall responsibility for promoting the sector shifting to the Department of Finance. A new strategy for the sector will be launched […]
Increase in value and volume of mortgages drawn down There was an 8.9% increase in the number of mortgages drawn down in Ireland in the first quarter of this year, according to the body representing the banking, payments and fintech sectors. Figures published by the Banking & Payments Federation Ireland show 8,577 new mortgages, to […]
Rich nations must help workers adapt to automation, says OECD Robots and computers threaten 14% of existing jobs over the next 20 years, so countries must retrain workers for a transformed labour market, the Organisation for Economic Cooperation and Development has warned today. In a report, the OECD estimates that in addition to the destruction […]
Prize Bonds sales reach €574m in 2018 as fund grows to €3.4 billion The Prize Bond Company has reported gross sales of €574m, the second highest year on record after sales of €567m in 2017 and €670m in 2016. The Prize Bond Company, which administers prize bonds on behalf of the National Treasury Management Agency, […]
90.3% of new SME lending from top three lenders – Central Bank report A new report on lending to small and medium sized businesses (SMEs) shows that credit demand remains low, while over 90% of new lending comes from the main three lenders here – AIB, Bank of Ireland and Ulster Bank. The Central Bank’s […]
Record number of women in workforce A record number of women were in the workforce last year, according to the latest figures from Eurostat, with 78,000 more women at work than in 2014. Overall, there was in excess of 804,700 women in the labour market, resulting in a participation rate of 77.2%, up from 72.5% […]
No State spending spree: expenditure here stands at lowest share of GDP in the eurozone Data released by Eurostat, the statistics arm of the EU, shows that Government spending here as a percentage of gross domestic product (GDP) is the lowest in the eurozone by a long way. At 25.7pc, it comes in well below […]
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Recent News
Fed cuts rates but sees slower pace of further reductions December 19, 2024
Residential property prices up 9.7% in October – CSO December 19, 2024
Spending by BOI customers up 6.8% on Black Friday December 19, 2024
Holyhead Port to stay closed until 15 January ‘at the earliest’ December 18, 2024
Planning permissions down 10.9% in third quarter – CSO December 18, 2024
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Park House,
Main Street,
Loughrea,
Co. Galway.
EirCode: H62 HX65
Telephone: +353 (0)91 841518
Mobile: +353 (0)86 2550866
Fax: +353 (0)91 842663
Email: michael@michaelfdolan.ie
Web: www.michaelfdolan.ie
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