Lending to SMEs plunged 77pc following the crash
SHORT-term business loans for small firms in Ireland plummeted 77pc between 2007 and 2011, a new report from the Organisation for Economic Cooperation and Development (OECD) has claimed. The OECD’s financing small business report said business loans in Ireland fell from €56bn in 2007 to €38bn in 2012.
Short-term loans made up about 90pc of total new SME lending over that period, but the report said these loan volumes plummeted …
IDA sees more investment as job creation hits record high
More than 100 companies promising 8,000 jobs told the IDA during the last six months that they will set up shop or expand here.
That’s about a thousand jobs more than the same period last year and follows a robust period for the agency which has seen major job announcements Deutsche Bank, Symantec and eBay.
That means job creation is now at record levels.
Cut income tax and reduce spending, IBEC urges Noonan
IBEC, the employer’s lobby group, will urge Michael Noonan to cut income tax and VAT in October’s Budget.
In its traditional pre-Budget submission published today, Ibec says Mr Noonan should take just €200m out of the economy in the Budget or a tenth of the sum promised by the Government to overseas creditors.
“Now is the time to cut income and consumer taxes, boost investment,” Ibec’s Danny McCoy said in …
82pc of investors are now confident over Irish outlook
More than four out of five Irish investors say they are confident about their own financial situation and the outlook for the Irish economy, according to a survey.
The survey of Rabobank customers finds economic sentiment among Irish investors has reached a four-year high. advertisement
The survey asks respondents about their forecasts for the next three months. The 82pc of investors confident about the next three months compares with an …
The Punt: UK looking for trade boost
THE UK is aiming to push more of its exports this way, while attempting to get Irish investors to set up shop over there.
The British Embassy in Dublin is currently advertising for a trade and investment adviser whose job will be focused on getting firms to expand in to Britain, while trying to win more contracts here for UK companies. Based at the embassy in leafy Ballsbridge, the successful …