Irish economy has stalled and corporation tax is wobbling but what will 2024 bring?Biggest concern for the year ahead appears to centre on whether ECB has gone too far with rate risesThu Dec 28 2023 - 06:00
Beacon hospital blames downturn in profitability on cost inflationDenis O’Brien-controlled private hospital operator saw profit before tax fall from €4.4 million in 2021 to €1 million last yearFri Dec 22 2023 - 06:00
Irish productivity levels inflated by multinationals, CSO figures showLabour productivity for foreign sector was €405.90 per hour compared with just €54.40 per hour for domestic sectorThu Dec 21 2023 - 14:03
Too early to declare victory over inflation, warns ECB chief economist Wages particularly in the services sector are still rising even if energy price shock and pandemic bottlenecks are ‘behind us’, Philip Lane saysWed Dec 20 2023 - 17:29
State had second highest public healthcare spend per person in EU in 2022CSO data indicates State spent €58.4bn on social protection last year, including €4,582 on public healthcare per inhabitantWed Dec 20 2023 - 14:25
Main housing bodies deliver 5,325 new homes Housing Alliance says it is ahead of target in the delivery of social homes for 2023Tue Dec 19 2023 - 17:48
Sharp adjustment in Ireland’s €50bn commercial property market ‘likely to continue’Central Bank officials discuss ongoing turmoil in the sector in response to cycle of rate hikesTue Dec 19 2023 - 17:37
Ireland Funds America gave $16.5m to almost 240 organisations in 2022Latest accounts for US-registered philanthropic group show revenues raised through donor gifts and fundraising events rose last year but investment income fellTue Dec 19 2023 - 06:00
Irish economy on ‘slower growth path’ amid high interest rates, Central Bank warnsRegulator says ongoing transmission of tighter monetary policy to the economy will weigh on growthTue Dec 19 2023 - 00:00
Five companies account for 43% of Ireland’s goods exports in 2022Pharmaceutical-related products accounted for almost two-thirds of Irish goods exports last yearMon Dec 18 2023 - 13:48
Irish households paying a mortgage experiencing higher inflationCSO study finds cost of living increase of 7.8 per cent for such borrowers compared with a rate of 5.6 per cent for households that own their home outrightMon Dec 18 2023 - 11:52
As Irish economy teeters on the brink of recession, will there be a hard or soft landing?The ‘soft landing’ scenario is now the dominant economic narrative supported by most of the agencies here, including the ESRI, Central Bank and the Government, but will it play out?Sun Dec 17 2023 - 12:35
Irish inflation drops to 3.9% as falling energy prices ease pressure on householdsLatest figures reflect a general easing of price pressures across the Irish economyThu Dec 14 2023 - 11:38
State’s bilateral trade with France hits record €30bn in wake of Brexit New study highlights increasing importance of French market for Irish exportersWed Dec 13 2023 - 15:41
Ireland defies global tech downturn as service exports hit record €340bnComputer service exports, including from big names such as Meta and Google, accounted for 58% of State’s total services trade last year, CSO figures showMon Dec 11 2023 - 14:50
EVs comprise almost a fifth of all new cars registered so far in 2023Transition to electric motoring continues with more motorists opting to buy EVsMon Dec 11 2023 - 12:24
What was behind budget watchdog’s extraordinary broadside against the Government?The budgetary watchdog claims the Government is engaged in creative accounting to make spending look lower than it actually isSun Dec 10 2023 - 11:09
Cost-of-living squeeze forces Irish households to spend more and save lessCSO figures show household savings rate fell below 10 per cent in the third quarter of this yearFri Dec 08 2023 - 12:05
An Post keeps gender pay gap at zero as female recruitment push continuesThe company says it now has a negative mean, or average, gender pay gap of 3.8 per centFri Dec 08 2023 - 08:10
Planning permissions for apartments more than doubleCSO figures show planning permissions were granted for 4,803 apartment units between July and SeptemberThu Dec 07 2023 - 12:43
Cost of building three-bed semi in Dublin jumps €90,000 to €461,000 in less than four yearsSociety of Chartered Surveyors Ireland report suggests buyers need €127,000 total salary to buy three-bedroom home in capitalThu Dec 07 2023 - 06:00
Budget watchdog accuses Coalition of ‘fiscal gimmickry’ while warning about its €6.6bn overspendIrish Fiscal Advisory Council claims Government is adopting an ‘everything now’ approach to budgeting which risks repeating past mistakesThu Dec 07 2023 - 01:00
Unemployment rises again as labour market shows signs of softeningCSO data for November put the headline rate at 4.8 per cent, up from 4.7 per cent previouslyWed Dec 06 2023 - 12:05
Public finances in rude health as tax receipts defy global slowdownLatest exchequer returns suggest Government on course to at least meet or exceed a projected budget surplus of €8.8 billion for 2023Wed Dec 06 2023 - 06:00
Economy entering period of slower growth, Ibec warns Employers’ group predicts GDP growth of just 0.1% this year while warning full impact of higher interest rates has yet to comeWed Dec 06 2023 - 05:00
Ireland’s winning streak on tax continues Latest exchequer returns point to another surge in corporate taxTue Dec 05 2023 - 19:46
Corporation tax receipts defy slump predictions with record €6.3bn haul in NovemberLatest exchequer returns show strong performance across all main tax heads, leaving the public finances in rude health in the run-up to ChristmasTue Dec 05 2023 - 16:30
Pick-up in services activity points to improved demand conditionsAIB’s latest purchasing managers index (PMI) for services points to expansion in total activity and new businessTue Dec 05 2023 - 05:01
Petrol and Percy Pigs: Applegreen and M&S plan 60 new food locationsForecourt operator has been selling M&S food products at five stores since last year but now plans to expand partnershipMon Dec 04 2023 - 08:41
Ireland will fail to meet renewable energy targets because of planning bottlenecks, say expertsState’s target of generating 80 per cent of electricity from renewables by 2030 is being frustrated by planning delays and insufficient electricity grid capacity, report claimsMon Dec 04 2023 - 08:10
Medray acquires Dublin-based diagnostic group Avista Medical Deal is Medray’s fifth strategic acquisitionMon Dec 04 2023 - 07:37
Corporation tax D-Day looms over State’s budgetary arithmeticNovember’s exchequer data on Tuesday is expected to detail a further reversal in corporate tsx take. The scale of the slide will have implications for the public financesSun Dec 03 2023 - 13:13
Euro zone inflation falls to two-year low of 2.4%, bringing rate cuts into focusFaster-than-anticipated decline is likely to fuel speculation that the European Central Bank may start bringing down interest rates earlierThu Nov 30 2023 - 10:20
Supply of natural gas not expected to be disrupted this winter, network operator saysGas Networks Ireland says there is both enough gas supply sources and enough network capacity to meet anticipated demandThu Nov 30 2023 - 08:43
Falling inflation may have sting in its tail, Department of Finance warnsImpact of higher interest rates yet to be ‘fully felt’, department to tell Public Accounts CommitteeThu Nov 30 2023 - 06:00
State’s economy expected to shrink this year as weaker global demand dents exportsOECD’s latest assessment says the slowdown in global demand has triggered marked reductions in export volumesWed Nov 29 2023 - 17:49
Irish inflation drops to lowest level in 2½ years as energy prices declinePrice growth of 2.3% is the lowest since the middle of 2021 and comes as energy prices on wholesale markets continue to fallWed Nov 29 2023 - 11:49
Gardaí eclipse IT professionals as Ireland’s best paid workers in latest CSO figuresFigures show gardaí enjoyed average weekly earnings, including overtime and bonuses, of €1,579.28 in the third quarterTue Nov 28 2023 - 13:52
Retail sales fall in October as higher borrowing costs and rising prices keep pressure on householdsLatest CSO figures show sales fell on a monthly and on annual basis last monthTue Nov 28 2023 - 13:36
Environmental subsidies hit record €1.6bn in 2022CSO figures show increased supports for energy efficiency retrofitting schemes and more wastewater investment accounted for the increaseMon Nov 27 2023 - 14:42
Bewley’s cafe bounces back to profitability in wake of Covid Company’s historic Grafton Street premises is one of 12 Johnny Ronan properties which were taken over by a receiver last weekMon Nov 27 2023 - 11:34
Yuno Energy cuts energy prices again Pay-as-you-go supplier says it is now offering a new fixed rate targeted at new customersMon Nov 27 2023 - 08:09
Where have Ireland’s 200,000 vacant homes gone? Just 3,000 are liable for the new taxThe great silver bullet of vacancy was an illusion all along and the latest tax returns, published by the Department of Finance, prove itSun Nov 26 2023 - 12:05
Give Me a Crash Course in . . . tenants being offered new ‘right to purchase’ when landlord is sellingThe Government’s new legislation aims to help renters become homeowners, but will it succeed?Sat Nov 25 2023 - 06:00
Fallon & Byrne reports strong revenue as business bounces back from CovidFood retailer says flagship Exchequer Street store saw increased footfallFri Nov 24 2023 - 05:00
European shares rise to fresh two-month peak as oil majors rally Novo Nordisk invests $2.3bn to boost obesity drug productionThu Nov 23 2023 - 18:52
What happens when a recession becomes more real than technical?Central Bank governor Gabriel Makhlouf positive on the outlook for inflation, uncertain about impact of higher interest ratesThu Nov 23 2023 - 18:04
Consumers could face another ECB interest rate hike, Makhlouf warnsCentral Bank governor says outlook for economy is shaped by ongoing adjustment to higher interest ratesThu Nov 23 2023 - 12:35
Tenants to be offered new statutory ‘right to purchase’ when landlord is sellingNew legislation aims to shield more tenants from eviction when their properties are being soldWed Nov 22 2023 - 06:00
Ireland ranked 12th most attractive market for green investorsState’s improved ranking comes in wake of first offshore wind auctionWed Nov 22 2023 - 00:01
