Practicenet News

The precise means to be used will only be determined next year in the light of what resources are available, but the working plan will probably be to use a similar approach to the 2015 budget. Politically, this allows the Government to target middle-earners without being seen to deliver too significant gains to those on

Ireland set to repay first tranche of €9 billion to IMF next month. Money will be paid from cash balances held by the National Treasury Management Agency. The Government expects to repay €9 billion of the State’s loans with the International Monetary Fund (IMF) in December, in what will be the first instalment of the

NEW rules on home loans being planned by the Central Bank will be among the strictest in Europe, estate agents have said. Delegates attending the European Confederation of Real Estate Agents Conference in Dublin expressed surprise that Ireland was introducing a 20pc deposit requirement when, out of 14 countries represented, a deposit was required in

Morale in the euro zone rose for the second month in a row in November as a pick-up in industry sentiment just outweighed increased pessimism among consumers. The data offered a tentative sign that the bloc is avoiding outright stagnation. The European Commission said that economic sentiment in the 18 countries sharing the euro rose

Househunters will not need a 20pc deposit when seeking a mortgage from January 1 because the Central Bank won’t meet its own deadline to enforce the new rule. Plans to cap homeloans are to be pushed back but Central Bank Governor Patrick Honohan insisted “we’re not hanging around”. He said that the bank is still

EMPLOYMENT is at its highest level in five years with almost 28,000 more people in a job at the end of September than in the same period last year. And the vast bulk of the new positions are full-time, with a bounce-back in battered sectors such as construction and retail now helping to drive the

Ireland has the most effective corporate tax system in Europe with the least amount of red tape, according to a study from PwC and the World Bank. Ireland’s effective rate comes in close to the headline rate – 12.4% – just 0.1% below the Government’s much criticised 12.5% advertised rate. In France, the headline rate

Jobs Minister Richard Bruton has said that Irish entrepreneurs have risen to the challenge, and taken up the message that they need to internationalise. Minister Bruton was speaking at the Deloitte Enterprise Ireland CEO Forum in Dublin Castle today. 350 chief executives are hearing about education and training, the opportunities in exporting to customers in

European Commission President Jean-Claude Juncker presented a plan today to leverage some €300bn of largely private new investment in the European Union, saying it was time to kick-start growth without adding to public debt. Underlining the need to maintain efforts at structural reforms of aging economies and pare back debt and deficits run up during

IT will be at least another two years before a register of all the debts of each consumer and company is in place, it has emerged. This is despite demands from the EU Commission as far back as 2010 that a new register be set up. A centralised register is needed to ensure banks and