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Private investors were brought into Nama via a special purpose vehicle which held a majority stake in an investment holding vehicle which was part of the agency structure. Photograph: Cyril Byrne

Way being cleared for €2bn payment to exchequer from Nama

Economy
Cliff Taylor
May 21, 2020, 17:35

Final size of agency’s surplus could be hit by Covid-19 crisis

The traditional Keynesian approach is that the government needs to step in to fill a significant part of the gap caused by a collapsing economy – such as the situation caused by Covid-19. Image: iStock

Can Ireland just keep on borrowing to fight the Covid-19 recession?

Economy
Cliff Taylor
May 21, 2020, 11:21

Smart Money: Controversy rages over how far Ireland can go into deficit to protect the economy

The NTMA has already issued more than €11 billion of bonds this year, with €6 billion raised last month. Photograph: iStock

NTMA sells €1.5bn in bonds to meet costs of Covid crisis

Economy
Ciara O'Brien
May 14, 2020, 13:25

Agency is raising more than previously planned to cover pandemic costs

The Brandenburg Gate in an empty Pariser Platz square in Berlin, Germany, on April 8th, 2020. Photograph: Krisztian Bocsi/Bloomberg

After getting ahead in Covid testing, Berlin now hopes to get ahead in recovery

Economy
Derek Scally
April 9, 2020, 10:31

Germany has mobilised every reserve and cranked up every economic generator to insulate business from worst economic shocks

Revellers enjoying the music at the Electric Picnic in Stradbally last August. Photograph: Alan Betson

MCD’s Desmond ‘optimistic’ that Electric Picnic 2020 will go ahead

Economy
Gordon Deegan
April 7, 2020, 19:15

A record attendance of 70,000 expected for the sold-out event at Stradbally in September

Sign requests people to observe a safe distance at the weekly market in Luenburg: The emergency budget is entirely debt-financed. Photograph: Stuart Franklin

German politicians back €156bn emergency budget

Economy
Derek Scally
March 25, 2020, 19:48

‘No blueprint’ as spending boosted to aid economy and healthcare amid Covid-19 crisis

Conor O’Kelly, chief executive of the National Treasury Management Agency: “Five years ago our annual interest bill was over €7.5 billion and it is now close to €4 billion.” Photograph: Dara Mac Donaill

State well-placed to borrow in international markets, NTMA says

Economy
Peter Hamilton
March 25, 2020, 12:29

Agency points to Ireland’s positive debt profile coupled with strong investor appetite

Richard Corrigan said: “There is no question: we will come out of this. We have very little debt. We have a very strong company.” Photograph: Dara Mac Dónaill

Corrigan unlikely to reopen London restaurants before September

Economy
Gordon Deegan
March 24, 2020, 20:20

Celebrity chef shut doors on London operations last Friday in response to pandemic

Bombardier says the decision to halt production im the North will help it to “maintain as many people as possible in full-time employment”. Photograph: Getty Images

Bombardier to stop production at all sites in the North until April 20th

Economy
Francess McDonnell
March 24, 2020, 19:20

The aerospace group also plans to suspend all work at most of its Canadian operations until the end of April

Northern Ireland’s Deputy First Minister Michelle O’Neill. Photograph Nick Bradshaw

Northern Ireland offers £370m in grant schemes to aid struggling businesses

Economy
Francess McDonnell
March 19, 2020, 08:19

Executive considering ‘further measures’ to help firms

A growing number of hospitality businesses are closing due to Covid-19.

North’s hospitality sector braced for ‘10,000 job losses’

Economy
Francess McDonnell
March 17, 2020, 19:23

‘There’s no money coming through the door, there’s no support ... people are distraught’

The Park Hotel in Kenmare, Co Kerry. John Brennan said the majority of guests at the hotel on Monday were Irish, and the industry had a duty of care to tourists

‘The show must go on’ at Brennan brothers’ five-star hotel in Kenmare

Economy
Gordon Deegan
March 17, 2020, 18:12

‘We’re going to lose money hand over fist, but this is about keeping a financial flow for staff and giving a service to tourists’

The Lloyds Banking Group’s Halifax call centre in Belfast, which employs 1,000 people, was temporarily closed to enable parts of the building to be cleaned. File photograph: David Moir/Reuters

Coronavirus: Lloyds to reopen Belfast call centre ‘as soon as possible’

Economy
Francess McDonnell
March 10, 2020, 19:15

Staff asked to self-isolate or work from home after employee diagnosed with Covid-19

Both planning applications were made under the Government’s ‘fast-track’ planning regime that allows developers bypass local authorities and lodge the plans direct to An Bord Pleanála. Photograph: Kate Geraghty/The Irish Times

Appeals board gives go-ahead for 832 residential units for Dublin

Economy
Gordon Deegan
March 10, 2020, 17:10

Two developments, including apartments up to eight storeys, set for ‘fast-track’ planning

Taoiseach Leo Varadkar during a media update following a meeting of the Cabinet Subcommittee on Covid-19 at Government Buildings on Monday. Photo:Gareth Chaney/Collins

Coronavirus: spending measures set to wipe out budget surplus

Economy
Cliff Taylor
March 9, 2020, 20:58

Major economic shock will have big impact on government formation talks

The data does not account for the varying level of services provided by the State in different countries in areas such as health and childcare. Photograph: iStock

Tax burden on Irish households among lowest in EU

Economy
Cliff Taylor
February 26, 2020, 18:23

Eurostat data shows over 20% of gross disposable income absorbed by taxes in 2015

Johnnie Fox’s in Glencullen, Co Dublin. Accumulated profits at the company at the end of last March totalled €641,295. Photograph: Cyril Byrne

Johnnie Fox’s sees ‘a few cancellations’ over coronavirus fears

Economy
Gordon Deegan
February 26, 2020, 17:34

Well-known Dublin pub and tourist attraction had profits of almost €400,000 last year

File photograph: Photographer: Chris Ratcliffe/Bloomberg via Getty

Appeals board refuses planning for 146 Clonmel homes in ‘fast track’ case

Economy
Gordon Deegan
February 25, 2020, 20:39

Bord Pleanála last year granted permission to 16,771 housing units in ‘fast track’ cases

Irish Times columnist, economist and author David McWilliams.

Accumulated profits at David McWilliams’ media company hits €675,000

Economy
Gordon Deegan
February 25, 2020, 19:02

Pay to directors declines as does value of investments

Accounts filed by Liveline presenter Joe Duffy’s Claddaghgreen Ltd show cash reserves decreased by €61,962 to €567,447 in the 12 months to the end of April last year. Photograph: Tom Honan

Accumulated profit falls at Joe Duffy’s media company

Economy
Gordon Deegan
February 21, 2020, 20:15

Liveline anchor’s Claddaghgreen Ltd shows accumulated profit of €486,911 last year

The average payout was €53,619. Photograph: Cyril Byrne

Nineteen staff made redundant by Nama share €1m

Economy
Gordon Deegan
February 21, 2020, 20:03

Numbers employed at State agency last year fell to 211

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