Nonbank lenders accounted for €20bn of credit to households and SMEs in 2023
Report by Banking and Payments Federation Ireland highlights increasing presence in Irish residential and SME market
Ireland’s 11 billionaires saw their wealth grow by a third to €50bn in 2024
Total Irish billionaire wealth at more than €50bn last year, says Oxfam Ireland
Davos has a Marie Antoinette problem
Annual World Economic Forum professes to aim to ‘improve state of the world’ but is seen as schmoozefest for establishment elites
IMF sees stable if ‘lacklustre’ global growth despite Trump’s tariff threat
Washington-based fund expects inflation to fall to 4.2% this year and 3.5% next year but euro zone growth will lag
Housing commencements surge to over 60,000 in 2024
Levels notified mark 84% increase on previous year
Irish inflation accelerates to 1.4% in December
Despite increase, headline rate remains close to three-year low and well down on levels seen in 2022 and 2023
Programme for government: Five of the most notable new economic promises
Irish government blueprint contains a number of existing measures but also some new ones
Irish exports eclipse €20bn for third successive month as prospect of US tariffs loom
Latest trade figures point to strong rebound in pharma exports last year following slump in 2023
State-based armed conflict now ranks as biggest threat to global economy
World Economic Forum’s latest Global Risks Report pinpoints geopolitical strife as chief risk to stability and progress
Galway medtech company Aerogen to create 725 new jobs with €300m investment
Founder John Power shrugs off suggestion of tariff threat from incoming US president
Stronger economic growth in Republic has positive ‘spillover’ in North
New macroeconomic model highlights cross-Border dynamics between two economic
Ireland’s switch to renewable energy has ‘stagnated’, Central Bank report says
Regulator’s report also suggests State is struggling to rein in emissions from agriculture or get the necessary uptake in electric vehicles
Applegreen sells its UK filling station business to rival
Forecourt operator says transaction involves 98 sites and 1,142 staff
Retailers report better-than-expected Christmas sales after ‘challenging year’
Sector expects €8.9 billion in retail spending in December, €3 billion more than in other months
Nearly €400m in grant support paid to SMEs
Minister for Enterprise Peter Burke highlights grants paid out under Power Up Grant and Increased Cost of Business scheme