Jim Power: Two-tier economic recovery as Dublin improves but regions still suffering
ECONOMIST Jim Power said today that the economic recovery is being felt mainly in the Dublin region while other parts of the country are continuing to struggle.
“If this recovery is to spread from the Greater Dublin Area to the rest of the country – there needs to be a policy shift at a national level to support this process and to bring jobs to the regions,” he said today.
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All eyes on Draghi as world awaits answer to low inflation issue
AS Mario Draghi secludes himself with Europe’s top minds in central banking this week, he won’t be able to escape one question: What’s next?
After all but promising that he’ll ease monetary policy in June, the European Central Bank (ECB) president must now manage market expectations as banks from Goldman Sachs to Societe Generale speculate whether he’ll go further and deploy large-scale asset purchases in the coming months.
Mr Draghi …
Businesses here say 57pc of customers won't pay bills on time
Almost half of all business managers have had to lay off workers because customers do not pay their bills on time or at all.
A Europe-wide survey also found another 60pc of bosses in Ireland cannot hire new employees because of the growing amount of invoices left unpaid for weeks or even months.
The study raises concerns over the rate of economic recovery across the eurozone, with 46pc of European …
Up to 26 NAMA-linked properties were 'not openly marketed'
TWENTY-six properties linked to the National Asset Management Agency (NAMA) have been sold without any evidence of open marketing, the State’s public spending watchdog has said. The Comptroller and Auditor General (C&AG) examined the disposal of a sample of 144 properties with gross proceeds of about €1.3bn and found 118 had been openly marketed.
The C&AG’s report into NAMA’s progress, released last week, said the explanation for 15 of the …
Finance sector enjoyed pay hikes in crisis years as others took a hit
UNEMPLOYMENT rates soared and wages were slashed as Ireland’s economic crisis took hold, but new figures have revealed more than six out of 10 workers in Ireland’s financial services sector enjoyed a pay rise during the recession.
Another 60pc of public sector employees saw their salaries rise between 2010 and 2011, along with colleagues in the information and communications sector.
The wage hikes have been uncovered by academics from NUI …