One of the most significant knock on effects of the financial crisis is that credit remains scarce for SME’s throughout Ireland, leaving a major gap in funding that needs to be filled. Businesses seeking traditional forms of finance are faced with increased decision making, greater restrictions and higher rates, as banks apply stricter lending standards.
The Single European Payments Area (SEPA) is an EU initiative and its core objective is to create a cohesive internal market for all electronic Euro payments within the SEPA zone (EU 28 plus Iceland, Liechtenstein, Norway, Switzerland and Monaco). This will mean that users of payment services can make and receive Euro payments across all participating countries
Ireland’s commercial real estate market may have been through the mill in the last five years but we expect a recovery to get underway this year. We believe it is an opportune time to invest as both cyclical and structural factors currently support the market. The Cyclical Case… • Near-term risks to the economic outlook