Candidates in the EU’s second-largest economy have traded barbs on deficits and profligate promises. The Eurogroup president is warning against breaking fiscal rules and adding debt in a high interest rate environment.
On the day after its managing director resigned, Novellus appointed receivers to “one of the most impressive” farms in Co Louth. The landowner is now threatening court action.
The acquisition of thousands of remaining Ulster Bank loans is transformational for the alternative lender, but what does it mean for those homeowners?
The Red Cow hospitality business has raised €70 million to refinance its debt, with additional backing from a family investment in residential property.
While the Limerick businessman is in Cheltenham watching his horses run, the UK- and Dublin-based lending arm of his family office is funding more and more property deals all over Ireland.
The Irish company accounts for one in 10MW of national data centre capacity. Its deal with Starwood Capital indicates the scale of investment involved.
Thousands of business owners breathed a sigh of relief when the Government eased the repayment terms for €1.72bn in tax liabilities parked since the pandemic but the “cheapest finance” scheme has multiple costs, too.
Wiped of billions in debt, the Irish-headquartered pharmaceutical manufacturer has been given a second clean slate in as many years. The court was told the circumstances that pushed the group into financial difficulties this time round were unlikely to recur any time soon.
Vehicles used by the US investment firm to purchase distressed Irish loans are reporting pressure from their own lenders and discounting the value of their portfolios, triggering various responses to the resulting profit squeeze.
The tax authority stopped its enforcement activity during he pandemic. However, it has been building up its debt cases again over the past 18 months, as evidenced by new data analysing Revenue’s activities over the past five years.
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