Germany, Italy drive euro zone economic sentiment down to 3-year low
Germany, Italy drive euro zone economic sentiment down to 3-year low Euro zone economic sentiment dropped to its lowest point in nearly three years in June as confidence fell markedly in the bloc’s largest economies – Germany and Italy – European Commission data show. The Commission said that its main indicator of economic confidence dropped […]
Debt costs up for business despite ECB rate-cut talk
Debt costs up for business despite ECB rate-cut talk Borrowing costs for small and mid-sized businesses in Ireland increased in the first three months of the year, despite the wider speculation in the economy that interest rates will fall. Irish SMEs already pay some of the highest borrowing costs in Europe. The latest Central Bank […]
Road freight tonnage increased by 1.4% in 2018
Road freight tonnage increased by 1.4% in 2018 A total of 149.2 million tonnes of goods was transported by road last year, new figures from the Central Statistics Office show, an increase of 1.4% on the 2017 total. But the CSO said that activity measured as weight by distance was 11,445 tonne-kilometres in 2018, a […]
Bank of Ireland’s chief finance officer to step down
Bank of Ireland’s chief finance officer to step down Bank of Ireland has announced that its chief financial officer, Andrew Keating, is to leave the bank. Mr Keating, who has worked at the bank since 2004, is set to take up a “senior finance role” in an “international organisation outside the financial services sector”, the […]
Ireland runs risk of austerity-era spending cuts, economist to warn politicians
Ireland runs risk of austerity-era spending cuts, economist to warn politicians Politicians will be warned today that Ireland runs the risk of austerity-era spending cuts if it continues with existing expenditure plans. Stephen Kinsella, Associate Professor of Economics at University of Limerick, will address the Budget Oversight Committee on the same day as the Government […]