Categorized as: Syndicated News

Property prices down 1.1% in the year to May – CSO

Continued signs of stabilisation in the property market are apparent in the latest property price index from the Central Statistics Office.

The numbers indicate residential property prices nationally fell by 1.1% in the year to May.

That compares to a fall of 15.3% in the year to May 2012.

An increase of 0.3% was recorded in the month of May itself.

The divide between Dublin and the rest of the …

Banks giving marginally more loans to SME sector

THE banks are approving more loans for small businesses, but with more strings attached than before, a new report has found.

The survey for the Department of Finance shows the rate of SME loans being approved in full rose to 59pc in the six months to the end of March compared with 56pc last September.

Despite that increase, borrowers said their banks were adding more and more conditions to their …

Closer EU ties should be put on hold for five years, warns former ECB expert

An influential former ECB official has called on European Union leaders to put further integration on hold for up to five years, work out where they want to take the project, and decide who should still use the euro.

Former European Central Bank chief economist Juergen Stark also said the EU should take on board some of Britain’s criticisms of the bloc and keep it in the fold where it …

NAMA keeping close eye on battle for former Treasury assets

NAMA is “monitoring closely” the increasingly bitter takeover battle for 16 former Treasury Holdings buildings in Dublin and Cork, the Irish Independent has learned.

Fears over Euro zone inter-bank lending

Euro zone banks are refusing to lend to peers in other countries in the common currency bloc, according to data analysed by news agency Reuters.The figures signal a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year. In a trend that could reignite fears

Sharp rise in euro zone’s current account surplus

The euro zone’s current account surplus jumped to €19.5 billion in April, according to the latest data from the European Central Bank.

Trade deal could add 18,000 jobs in Ireland – think-tank

IRELAND will benefit more than any other European country except Britain if the European Union and United States hammer out a new trade deal, a leading German think-tank says.

Domestic businesses report rise in confidence

There has been a significant rise in confidence amongst companies operating in the country’s domestic sector, according to IBEC’s latest Business Sentiment Survey. Sentiment amongst non-exporting companies improved significantly during the second quarter of the year, according to the employers’ group, while the outlook for the three months ahead was also up.

Households paying down bank debts and saving more

Irish households are continuing to pay down their debts to the banks and are saving marginally more, new figures show.

Loan approval rate for small businesses at highest level in four years

MORE small firms are being approved for credit than rejected for the first time in four years, according to a new report.