The Government has given the go-ahead for the publication of proposed legislation that will, if enacted, establish the new credit guarantee scheme to help businesses impacted by the Covid-19 crisis. The scheme, first announced two-and-a-half months ago, will see up to €2bn in low cost loans made available to struggling firms, with 80% of the…
Tag Archives: COVID19
93% of Irish employees surveyed by recruiter Robert Walters said they would like more opportunities to work from home when normal working patterns resume. Around one in ten said they would like to work from home permanently. The recruitment company gauged the opinions of management and staff in over 2,200 companies worldwide for this survey. …
Over 80% of Irish employees want to continue to spend at least part of their week working from home when normal life resumes after the coronavirus pandemic, a survey shows. Like much of Europe, most workers here were forced to work from home when the economy went into lockdown in March. The Government’s advice remains…
The European Commission has said that Ireland’s GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery. This compares with the Commission’s earlier forecast of a downturn of 7.9% for…
Fraudulent emails and text messages tricking people to share personal and banking details increased during the Covid-19 crisis, according to gardaí. They have also issued a warning to ‘staycationers’ who are being targeted by cyber criminals on fake and cloned websites purporting to sell holiday equipment. The bogus websites advertise caravans, campervans and small pleasure boat sales in a bid to defraud…
Consumers in the euro zone returned en masse to shops in May as lockdowns were eased, estimates from the EU statistics agency showed today, signalling a sharp recovery of sales after record drops in March and April. Sales in the 19 countries sharing the euro zone rose by 17.8% in May from April, Eurostat said,…
The European Commission has said that Ireland’s GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery. In its latest economic outlook, the Commission said that economic activity here is expected…
The euro zone economy will drop deeper into recession this year and rebound less strongly in 2021 than previously thought, the European Commission forecast today, with France, Italy and Spain struggling the most due to the Covid-19 pandemic. The EU executive said the 19 nation single currency area would contract by a record 8.7%…
62% of credit unions have introduced payment holidays as a result of the Covid-19 crisis, a new survey of credit union CEOs and managers across the country shows. The survey also found that the three most in-demand services for credit unions have been the rescheduling of loans, the provision of bespoke services to cocooning members…
The number of people receiving the Covid-19 Pandemic Unemployment Payment has fallen from 439,000 last week to 412,900. This marks a decline of 26,100 over the last seven days, according to the latest figures from the Department of Employment Affairs and Social Protection. However, 63,000 PUP recipients have closed their claims in the last seven days…