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New CSO figures show that total government revenue increased to €123.7 billion in 2023

Government recorded surplus of €8.3 billion last year

New figures from the Central Statistics Office show that the general government balance showed a surplus of €8.3 billion or 1.7% of Gross Domestic Product (GDP) in 2023.

Business • 19 Apr 24

China Evergrande Group's share price plunged 22% yesterday

China Evergrande unit misses bond payment

China Evergrande Group's shares slid for a second consecutive session today, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment.

Business • 26 Sep 23

The warning by China Evergrande New Energy Vehicle Group was the clearest sign yet that the embattled property developer's liquidity crisis is worsening in other parts of its business

China Evergrande's electric car unit's shares sink 26%

Shares of China Evergrande's electric car unit plunged as much as 26% today after it warned it faced an uncertain future unless it got a swift injection of cash and after it said it will not proceed with plans to issue RMB shares.

Business • 27 Sep 21

The troubles of over-indebted property giant China Evergrande are coming to a head

Investors brace for a great fall in China

International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head.

Business • 17 Sep 21

Moneylender Provident is withdrawing from the market here

Provident to write off debts of its Irish borrowers

Moneylender Provident is writing off the debts of all of its Irish borrowers, as it withdraws from the market here.

Business • 30 Jun 21

Gross household savings rose by €570m between July and September to a total of €6.4 billion, new Central Bank figures show

Savings continue to rise as debt levels fall - bank

Household savings continue to rise and debt levels continue to fall, according to the latest figures from the Central Bank.

Business • 02 Feb 21

The overall resilience of the property market during the second quarter of this year contributed to the increase in households' net worth

Household net worth hits record high by the end of June

A large rise in deposits and fall in debt saw household net worth rising to a record €817 billion in the second quarter of this year, according to figures from the Central Bank.

Business • 13 Nov 20

Only 40% of renters are able to save income on a regular basis, a new TASC report shows

1 in 3 renters with debt struggle with repayments

A new study has found that 33% of renters in the private sector, who are in debt, are now overburdened by debt repayment and nearly 28% face utility arrears.

Business • 05 Mar 20

Finance Minister Paschal Dononhoe and NTMA CEO Conor O'Kelly at the launch of the agency's report for 2018

Ireland exposed whenever interest rates rise - NTMA

Ireland's debt levels remain high, creating significant exposure to rising interest rates in the medium term, according to the National Treasury Management Agency.

Business • 01 Jul 19

NTMA CEO Conor O'Kelly said the country's ability to absorb future shocks is limited by our elevated stock of debt

Govt should sell bank shares sooner, not later - NTMA

The Government should sell more bank shares sooner rather than later to reduce the risk of their value falling and to cut the state's still high debts, the head of the National Treasury Management Agency said.

Business • 09 Jul 18

Providence Resources pays off Transocean Drilling bill

Providence Resources now has clean balance sheet

Providence Resources said it has settled in full its loan facility with Melody Business Finance by payment of $20m, plus interest and an allotment of almost 10 million ordinary shares.

Business • 20 Jul 16

Providence Resource's Barryroe site off the coast of Ireland

Providence Resources to raise $68m through placing

Exploration company Providence Resources has unveiled plans to raise $68.4m through a share placing and open offer.

Business • 22 Jun 16

New Central Bank report shows that household indebtedness here remains high compared to our European counterparts

Household debt remains high compared to Europe

A new report shows that household debt sustainability in Ireland continues to improve with both debt-to-income and debt-to-asset levels decreasing.

Business • 12 Apr 16

Justice Minister brought the bankruptcy bill to Cabinet today

Bankruptcy bill agreed by Cabinet

The Government has agreed on new bankruptcy legislation, according to Joan Burton and she is confident it will be enacted by Christmas.

Business • 01 Dec 15

NAMA CEO Brendan McDonagh says the agency is two years ahead of schedule to repay its senior debt

NAMA redeems €1.75 billion in senior debt

The National Asset Management Agency said today it has redeemed €1.75 billion of senior debt, its third such move this year.

Business • 30 Sep 15

The NTMA has now raised €12 billion from its stated target range of €12-15 billion for this year

Strong demand for NTMA's 15 year bond

The National Treasury Management Agency has sold €1 billon of the benchmark 15-year Government bond at a yield of 1.8157%.

Business • 10 Sep 15

The Central Bank says non-residents are buying up a large proportion of newly issued government bonds

Share of Irish debt held by non-residents rising

The proportion of Irish government debt owed to people and institutions resident outside the state has risen significantly over the past 12 months.

Business • 08 Jul 15

Central Bank in warning on office space shortage and rising commercial rents

Central Bank says risks to economy mainly external

The Central Bank, in its latest Macro Financial Review, has said that risks to the Irish economy are mainly external.

Business • 16 Jun 15

Greece must repay €1.6 billion to the International Monetary Fund by June 30

Greece to continue efforts for EU-IMF deal

Greece has proclaimed a new willingness to compromise with its international creditors, as German Chancellor Angela Merkel warned that time was running out for an reform-for-aid deal to keep the country in the euro.

Business • 08 Jun 15

ECB officials play down easy money for Greece

IMF says Greek exit from eurozone a 'possibility'

The chief of the International Monetary Fund has said a Greek exit from the eurozone is a possibility, but would not signify an end to the single currency.

Business • 28 May 15

Greece faces a hefty repayment schedule to the IMF and the ECB in the coming months

Greece wants loan deal by end of May - government

Greece needs to strike a deal with its creditors by the end of the month to stay afloat, the government has said, as investors ditched Greek bonds in a sign of growing concern about possible bankruptcy.

Business • 18 May 15

The ECB yesterday raised the amount of emergency liquidity assistance for Greek banks

Greece defies euro zone on pension, labour reform

Greece defied its international creditors today by sticking to "red lines" on pension and labour market reforms and urging lenders to give ground.

Business • 07 May 15

Spain sold €885m in five-year bonds at an average rate of return of -0.286% today

Spain enjoys negative five-year borrowing rates

Spain today enjoyed negative interest rates on its medium-term debt, the central bank said, a sign of strengthening market confidence three years after it came close to a bailout.