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Ireland lagging on retail payments Central Bank warns

Ireland lags other part of Europe when it comes to retail payments, the Central Bank has claimed. The result is an unsatisfactory situation for both consumers and businesses the regulator has said. The comments were made by the bank’s deputy governor, Vasileios Madouros, at the Banking and Payments Federation of Ireland (BPFI) organised National Payments…

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Euro zone business activity moves closer to recovery – PMI

Business activity in the euro zone showed signs of recovery last month as the bloc’s dominant services industry expanded for the first time since July, offsetting a deeper contraction in manufacturing, a survey showed today. HCOB’s composite Purchasing Managers’ Index (PMI) for the bloc, compiled by S&P Global and seen as a good guide of…

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Evolving with the Market: Financial Agility for Sustainable Business Success

In an era where market dynamics shift with dizzying speed, financial agility has become a cornerstone for sustainable business success. At KAAS we know that this adaptability not only enables companies to navigate through turbulent times but also to capitalise on emerging opportunities, ensuring long-term growth and stability. Financial agility involves more than just having…

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Ireland ahead of US, Germany and France for remote working opportunities

More than 15% of job postings in Ireland offer remote or hybrid work opportunities, ranking the country ahead of Germany, France and the US, but behind the UK, Austria, Spain and Poland. According to new analysis from jobs site Indeed, Poland featured the highest proportion of remote ads at over 21%. The share percentage for…

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Manufacturing activity improves, production volumes rise

Business condition in the manufacturing sector improved in February, the latest AIB Purchasing Managers Index shows. It comes as production growth accelerated to the highest in 22 months, amid a renewed improvement in order books. The headline index increased to 52.2 from 49.5 in January – the first expansion in six months. Readings above 50…

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Mortgage approvals down across all groups, except FTBs

The slowdown in the mortgage market is continuing, driven by a declining numbers of switchers and mover purchasers. The latest figures from Banking and Payments Federation Ireland show that just over 3,200 mortgages were approved in January – down almost 12% on the same month last year. Approvals dropped across all customer groups, with the…

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