Business News

Euro zone retail sales in record rebound in May as lockdowns eased

7th July 2020

Consumers in the euro zone returned en masse to shops in May as lockdowns were eased, estimates from the EU statistics agency showed today, signalling a sharp recovery of sales after record drops in March and April.  Sales in the 19 countries sharing the euro zone rose by 17.8% in May from April, Eurostat said, […]

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Euro zone set for deeper recession, weaker rebound

7th July 2020

The euro zone economy will drop deeper into recession this year and rebound less strongly in 2021 than previously thought, the European Commission forecast today, with France, Italy and Spain struggling the most due to the Covid-19 pandemic.   The EU executive said the 19 nation single currency area would contract by a record 8.7% […]

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NTMA to auction three different bonds this week

6th July 2020

The National Treasury Management Agency said today it plans to raise between €1-1.5 billion through the sale of seven, ten and 30-year debt on Thursday.  The NTMA has raised €18.5 billion from bond issuance so far this year from a €20-24 billion funding range. Its target was increased earlier this year to shore up government […]

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NTMA to auction three different bonds this week

6th July 2020

The National Treasury Management Agency said today it plans to raise between €1-1.5 billion through the sale of seven, ten and 30-year debt on Thursday.  The NTMA has raised €18.5 billion from bond issuance so far this year from a €20-24 billion funding range. Its target was increased earlier this year to shore up government […]

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Numbers on Pandemic Unemployment Payment fall as economy picks up pace

6th July 2020

The number of people receiving the Covid-19 Pandemic Unemployment Payment has fallen from 439,000 last week to 412,900. This marks a decline of 26,100 over the last seven days, according to the latest figures from the Department of Employment Affairs and Social Protection. However, 63,000 PUP recipients have closed their claims in the last seven days […]

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Numbers on Pandemic Unemployment Payment fall as economy picks up pace

6th July 2020

The number of people receiving the Covid-19 Pandemic Unemployment Payment has fallen from 439,000 last week to 412,900. This marks a decline of 26,100 over the last seven days, according to the latest figures from the Department of Employment Affairs and Social Protection. However, 63,000 PUP recipients have closed their claims in the last seven days […]

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62% of credit unions offer payment holidays amid Covid-19 crisis

6th July 2020

62% of credit unions have introduced payment holidays as a result of the Covid-19 crisis, a new survey of credit union CEOs and managers across the country shows. The survey also found that the three most in-demand services for credit unions have been the rescheduling of loans, the provision of bespoke services to cocooning members […]

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62% of credit unions offer payment holidays amid Covid-19 crisis

6th July 2020

62% of credit unions have introduced payment holidays as a result of the Covid-19 crisis, a new survey of credit union CEOs and managers across the country shows. The survey also found that the three most in-demand services for credit unions have been the rescheduling of loans, the provision of bespoke services to cocooning members […]

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Irish services sector sees partial recovery in June

3rd July 2020

There was a partial recovery in the country’s services sector in June, according to AIB in its latest purchasing managers index. The business activity index rose to 39.7 from 23.4 in May, a level consistent with ongoing weak activity in the sector. The index measures activity on a scale of 1 to 100 with the […]

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Number of insolvencies down 12% as Covid-19 impact not fully materialised

3rd July 2020

There was a reduction in the number of company insolvencies in the first six months of this year, according to new figures from Deloitte. Today’s figures suggests that the impact of Covid-19 has not fully materialised.  Deloittes said there were 273 company insolvencies between January and the end of June, a reduction of 12% on […]

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