In Brief: 60pc see clearing debt as priority
SIX out of 10 adults say that paying off debt is their main financial priority, new research from AIB and Amarach shows. The survey also found that more than half of adults are optimistic despite the current economic slowdown.
Young people are more optimistic about the prospects for recovery than older adults, as are those within the Dublin region. Older adults are experiencing less job security than younger adults, and are less likely to believe that the country will have come through the worst of the recession in 12 months' time.
Regulation move receives welcome
Chartered Accountants Ireland has welcomed the vote of the European Parliament on the proposal to allow member states exempt very small companies (micro entities) from the requirements of the European Accounting Directives, which, in Irish law, are reflected primarily in the Companies (Amendment) Act, 1986. Commenting, Chartered Accountants Ireland technical director, Aidan Lambe, said that if the proposal is ultimately adopted by the EU it will allow Irish governments to exempt relevant Irish SMEs from existing requirements, thereby reducing the regulatory burden on these companies.
BT unveils its Etherflow service
BT Ireland has unveiled national availability of its next generation network service, which it calls Etherflow. The telecommunications company says the product offers businesses a scaleable technology to enable them to cut costs and utilise new converged applications. It delivers core bandwidth speeds of up to 1 gigabyte per second.