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Pace of construction activity growth slows in March

Pace of construction activity growth slows in March The pace of expansion in construction activity eased in March, the latest Ulster Bank Construction Purchasing Managers Index shows. The index eased to 55.9 in March from 60.5 in February, but Ulster Bank said this follows a very strong February performance and the still-robust level of the […]

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Access to finance underpins upbeat era of acquisitions

Access to finance underpins upbeat era of acquisitions Improved access to finance is underpinning business optimism in Munster, fuelling increased M&A activity along with a rise in the number of businesses willing to invest to support their growth, according to Deloitte. Business leaders attending Deloitte’s ‘Scaling for Growth’ event in the River Lee Hotel in […]

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Revenue officials meeting hauliers in Brexit preparations

Revenue officials meeting hauliers in Brexit preparations Revenue officers have begun engaging with hauliers at ports in Dublin and Wexford as part of preparations for a no-deal Brexit. Concerns have been raised about the number of companies trading with the UK that have not yet registered for customs. Lynda Slattery, head of Revenue’s Brexit unit, […]

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Eurozone releases debt relief to Greece

Eurozone releases debt relieft to Greece Eurozone finance ministers have released long delayed debt relief to Greece, saying the government had implemented reforms promised during the massive bailout that ended last year. Greece exited its third and final international bailout in August, a turning point in its progress out of the catastrophe that engulfed the […]

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Relief as property tax changes delayed for a year

Relief as property tax changes delayed for a year Local Property Tax (LPT) rates for householders are to be frozen for another year the Government decided late last night. Homeowners won’t see any change in their LPT bills until 2021, and tens of thousands of householders who currently benefit from exemptions will continue to do […]

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Central Bank slightly reduces estimates for economic growth this year

Central Bank slightly reduces estimates for economic growth this year The Central Bank has slightly reduced its estimates for economic growth this year, amidst an ongoing weakening of the international trading and economic environment. In its latest Quarterly Bulletin, the Central Bank expects GDP growth of 4.2% this year, down 0.2% since its January forecast. […]

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Exchequer ahead of target in March as income tax, VAT improves

Exchequer ahead of target in March as income tax, VAT improves Exchequer returns for March have come in ahead of forecast; as income tax, VAT and Corporation Tax take were all higher than expected. Almost €4.69 billion was taken in by the State during the month, €207m (4.6%) above target and €550 (13.3%) higher than […]

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Euro zone retail sales stronger than expected in February

Euro zone retail sales stronger than expected in February Euro zone retail sales, an indication of domestic demand, were stronger than expected in February, led by a jump in sales of non-food products, data showed today. The European Union’s statistics office Eurostat said retail sales in the 19 countries sharing the euro rose 0.4% month-on-month […]

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Jobless rate falls to 11 year low of 5.4% in March

Jobless rate falls to 11 year low of 5.4% in March New figures from the Central Statistics Office show that the unemployment rate fell to an 11-year low of 5.4% in March from a rate of 5.6% in February. The CSO said the seasonally adjusted number of people who were unemployed stood at 131,300 in […]

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AIB to sell €1 billion non-performing loan portfolio

AIB to sell €1 billion non-performing loan portfolio AIB has agreed a deal to sell a €1 billion portfolio of non-performing loans to Everyday Finance, as part of a consortium with Everyday and affiliates of Cerberus Capital Management. The portfolio consists of about 2,200 non performing loans, with around 95% over two years in arrears […]

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