NAMA wants bonuses to stem brain drain ahead of wind down
THE National Asset Management Agency (NAMA) needs to look at introducing performance bonuses to help attract and retain top talent, the agency’s chairman has said.
Frank Daly told TDs yesterday that there needed to be some sort of a retention plan to encourage staff to stay.
NAMA staff are paid on average €90,000 but Mr Daly said 15 people had left the agency already this year.
Deutsche Bank buys hundreds of Danske buy-to-let mortgages in arrears
AROUND 680 buy-to-let mortgages which are in arrears have been sold to Germany’s biggest bank by Danske Bank, as the Danish lender withdraws from Ireland.
The former National Irish Bank mortgages were sold by Copenhagen-based Danske Bank to Frankfurt-based Deutsche Bank, the Bloomberg news agency reported yesterday.
The mortgages had been put up for sale some time ago with a price tag of around €100m.
Dublin Airport's passenger levies to be reduced by 22pc
Maximum passenger charges that can be levied at Dublin Airport could plunge after the aviation watchdog said they should fall by more than a fifth by 2019.
The Commission for Aviation Regulation (CAR) issued a draft determination on the passenger charge structure it proposes should be implemented at Dublin Airport between next year and 2019.
The maximum charge that can be levied per passenger at Dublin Airport, which is controlled …
Scandinavian confectioner buys Dublin jelly bean firm in €15.5m deal
Aran Candy, the Dublin-based company that produces confectionery under ‘The Jelly Bean Factory’ brand, has sold a majority stake to Swedish confectionery firm Cloetta in a deal valued at €15.5m.
The Swedish company has bought a 75pc stake in Aran Candy for €15.5m.
Aran Candy was founded in 1998 by father and son Peter and Richard Cullen after they identified an opportunity in the European confectionery market for an American-style …
New Enterprise Ireland fund targets graduate entrepreneurs
A new €500,000 fund aimed at graduates is hoping to encourage more young entrepreneurs to strike out on their own.
The Enterprise Ireland Competitive Start Fund, which will open to applications on July 9th, will offer up to €50,000 in support for each successful applicant.
Targetted at businesses involved in activities such as the internet, games, apps, mobile, SaaS, cloud computing, enterprise software, lifesciences, food, cleantech and industrial products, the …