The Government has raised €500 million in 11-month borrowings at an interest rate of minus 0.54 per cent. Photograph: iStock

The Government has raised €500 million in 11-month borrowings at an interest rate of minus 0.54 per cent, a record low for such funding. The National(...)

Andrew McDowell, European Investment Bank vice president with Minister for Finance and Public Expenditure and Reform Paschal Donohoe and Barry Napier, chief executive at Cubic Telecom. Photograph: Andres Poveda

Irish technology company Cubic Telecom received €23.5 million in funding from the European Investment Bank (EIB), the company announced on Thursday, t(...)

NTMA head Conor O’Kelly stated with “100 per cent” certainty that Ireland will enter a recession. When the man charged with borrowing money for the State announces such calamitous news, people sit up and worry.’ Photograph: Nick Bradshaw

Strange things happen to countries’ establishments after serious crashes. Before the 2008 crash, it was deemed patriotic to talk up the economy and pa(...)

The ultra-low interest rate environment has contributed to significant reductions in the amount of interest that the State is currently obliged to pay.

Even with the rapid turnaround in employment and growth, Ireland still has one of the highest per capita debt levels in the world. Central Statistics(...)

The NTMA, which manages the Government debt, auctioned €600 million of 10-year bonds and €400 million of 15-year debt

The National Treasury Management Agency (NTMA) sold 10-year bonds on Thursday at a record-low interest rate of 0.136 per cent, reflecting growing expe(...)

Philip Lane, the ECB’s newly-installed chief economist, has excellent academic credentials – including a PhD from  Harvard – while Christine Lagarde lacks an economics qualification. Photograph: Tom Honan

Christine Lagarde’s surprise nomination last week as the European Central Bank’s (ECB) next president has sent financial market participants scramblin(...)

At the height of the financial crisis in 2009  the State was spending €23bn   more each year than it was taking in by way of taxes and other income

There’s a perception that the €205 billion debt pile that sits on top of the Irish economy was put there by rogue bankers; in other words that it was (...)

Conor O’Kelly, chief executive of  the NTMA: his pay package remained unchanged at €571,000  for 2018. Photograph: Dara Mac Donaill / The Irish Times

The National Treasury Management Agency (NTMA) paid out close to €1.78 million in “performance-related” bonuses to its 184 staff last year, according (...)

German president Frank-Walter Steinmeier and President Michael D Higgins in Berlin on Wednesday. Photograph: Getty Images

President Michael D Higgins couldn’t resist a little dig at the UK this week as he kicked off his three-day state visit to Germany. Higgins, during lu(...)

 Department of Public Expenditure and Reform secretary general Robert Watt; Minister for Finance Paschal Donohoe; and John McCarthy, the department’s chief economist at the launch of the Government’s Summer Economic Statement. Photograph: Michelle Devane/PA

Economists here broadly agree that a reversal of some sort for the Irish economy is inevitable but differ on what might cause it or how severe it is l(...)

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