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Central Bank warns economy could shrink by up to 14%

The Central Bank has said the economy could shrink this year by up to 14%, while it has also warned that unemployment could average as high as 17% this year.  In its latest Quarterly Bulletin, the Central Bank also highlighted the risks to the economy of a no-deal Brexit.  The Central Bank has said there is […]

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Central Bank warns economy could shrink by up to 14%

The Central Bank has said the economy could shrink this year by up to 14%, while it has also warned that unemployment could average as high as 17% this year.  In its latest Quarterly Bulletin, the Central Bank also highlighted the risks to the economy of a no-deal Brexit.  The Central Bank has said there is […]

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NAMA completes transfer of €2 billion to Exchequer

The National Asset Management Agency has completed its transfer of €2 billion to the Exchequer.   The sum represents half the expected surplus from NAMA’s operations. The agency made the announcement at the publication of its annual report today.  The expected balance of an additional €2 billion will be paid over the next two years. […]

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NTMA due to hold two bond auctions in third quarter

The National Treasury Manangement Agency said today it plans to hold two bond auctions in the third quarter of this year. The NTMA said it will hold bond auctions on July 9 and September 10. The agency is also planning three Treasury Bill sales and these are pencilled in for July 16, August 20 and […]

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NTMA due to hold two bond auctions in third quarter

The National Treasury Manangement Agency said today it plans to hold two bond auctions in the third quarter of this year. The NTMA said it will hold bond auctions on July 9 and September 10. The agency is also planning three Treasury Bill sales and these are pencilled in for July 16, August 20 and […]

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NAMA completes transfer of €2 billion to Exchequer

The National Asset Management Agency has completed its transfer of €2 billion to the Exchequer.   The sum represents half the expected surplus from NAMA’s operations. The agency made the announcement at the publication of its annual report today.  The expected balance of an additional €2 billion will be paid over the next two years. […]

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EU reopens to outside visitors in bid to save tourism

The European Union has reopened its borders to visitors from 15 countries, but excluded the United States where deaths are rising again and a top health official warned the country was heading in the “wrong direction”. The final list of nations safe enough to allow residents to enter the EU did not include Russia, Brazil or […]

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EU reopens to outside visitors in bid to save tourism

The European Union has reopened its borders to visitors from 15 countries, but excluded the United States where deaths are rising again and a top health official warned the country was heading in the “wrong direction”. The final list of nations safe enough to allow residents to enter the EU did not include Russia, Brazil or […]

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Covid-19 committee hears SMEs call for more Govt funding to survive

The Oireachtas Special Committee on Covid-19 Response has heard calls for more help for small and medium businesses affected by the pandemic. The Chair of SME Recovery Ireland, John Moran, told politicians that small and medium businesses across Ireland are dying and need more funding to help them to survive. In his opening statement, Mr Moran called […]

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‘Lenders have responsibility to borrowers’ – BPFI

The chief executive of Banking Payments Federation Ireland has said it is not unreasonable for banks to look closely at applicants coming forward for mortgages and loans.  Brian Hayes’ comments follow news of AIB’s stricter lending guidelines as a result of the impact of Covid-19.  Mr Hayes said that lenders have a responsibility to borrowers.  He […]

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