Posts Categorized: Syndicated News

Bankruptcy cases to flood new insolvency service

A pent-up demand for bankruptcies in Ireland is expected to clog up the personal insolvency service when it is finally launched at the end of March. Sources involved in the process say the demand for bankruptcy settlements is already building and dealing with these will take precedence over the other areas of the personal insolvency… Read more »

ECB expected to leave euro zone interest rates at record low

Europe’s stalled economy is not expected to get more help today from the European Central Bank. The ECB is expected to hold off cutting interest rates as it waits for financial markets to heal so that its already low benchmark rates get through to businesses and consumers.

Biggest increase in exports in six years as service sector expands

Activity in Ireland’s services sector grew for a fifth successive month in December on the back of the biggest surge in new export orders since September 2006. The latest NCB Stockbrokers purchasing managers’ index showed new orders and new export business increased sharply at the end of last year, pointing to continued momentum in the… Read more »

Loans to eurozone firms down again

Loans to companies in the euro zone extended their fall in November, underlining the bloc’s economic weakness and increasing pressure on the European Central Bank to cut interest rates further. On the year, loans to the private sector fell by 0.8 percent in November – the same drop seen a month earlier. A breakdown of… Read more »

Manufacturing sector sees weakest growth since August

Activity in the country’s manufacturing sector grew for the tenth month in a row in December. The NCB Manufacturing Purchasing Managers index stood at 51.4 last month. This was down from November’s reading of 52.4 but still above the key level which signifies expansion.

Business activity gets stronger but firms cautious about future

Irish business activity strengthened over the final months of the year but firms remain cautious about what’s coming down the road, a survey has found. The winter KBC Bank Ireland/Chartered Accountants Ireland Business Sentiment study found that businesses were hesitant to ramp up spending and to take on new staff next year.

New Property Tax Bill gives Revenue more powers

The Government has published the Finance (Local Property Tax) Bill 2012, to give effect to the property tax announced in the budget. The new Bill is expected to be brought through the Dáil towards the end of next week. The Bill establishes who is liable to pay the new tax and how much they will… Read more »