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Rising rents and surging prices trigger ‘collapse’ in home ownership

Rising rents and surging prices trigger ‘collapse’ in home ownership

Housing in Ireland is ‘severely unaffordable’, report by Parliamentary Budget Office says

Thu Jan 13 2022 - 16:11
Talbot Hotels acquires Clonmel Park Hotel for about € 7.5m

Talbot Hotels acquires Clonmel Park Hotel for about € 7.5m

Deal for four-star Tipperary hotel is latest divestment by Tetrarch Capital

Thu Jan 13 2022 - 15:03
Low paid benefit from minimum wage hikes despite ‘loss of hours’

Low paid benefit from minimum wage hikes despite ‘loss of hours’

ESRI research assesses impact of minimum pay increases between 2016 and 2018

Wed Jan 12 2022 - 13:17
Unemployment rate rises to 7.5% as Covid-19 rules hit hospitality

Unemployment rate rises to 7.5% as Covid-19 rules hit hospitality

CSO figures point to rise in Republic’s jobless total after period of decline

Wed Jan 12 2022 - 11:41
Food and drink exports hit record €13.5bn in 2021 despite Covid and Brexit

Food and drink exports hit record €13.5bn in 2021 despite Covid and Brexit

Latest Bord Bia figures suggest Irish exports last year surpassed pre-pandemic levels

Wed Jan 12 2022 - 09:31
Viatel snaps up Limerick-based ActionPoint

Viatel snaps up Limerick-based ActionPoint

Irish telecoms group makes another acquisition as market consolidation continues

Wed Jan 12 2022 - 07:12
OECD inflation surges to 25-year high of 5.8%

OECD inflation surges to 25-year high of 5.8%

Price growth is being driven by energy prices and supply chain disruption

Tue Jan 11 2022 - 19:01
World Bank warns of ‘pronounced slowdown’ over inflation and Covid variants

World Bank warns of ‘pronounced slowdown’ over inflation and Covid variants

Washington-based institution says pandemic likely to continue to disrupt activity in near term

Tue Jan 11 2022 - 15:44
Switch to electric motoring could punch €5bn hole in public finances

Switch to electric motoring could punch €5bn hole in public finances

The revenue implications of shifting away from combustion engines will be significant

Sun Jan 09 2022 - 14:34
Retail sales lift as consumers splash out on clothes and electrical goods

Retail sales lift as consumers splash out on clothes and electrical goods

Volume of sales in November was 0.6% higher in monthly terms and 16% up on 2020

Fri Jan 07 2022 - 12:29
US economist says Covid may have driven many women out of the labour market

US economist says Covid may have driven many women out of the labour market

Chief executive of the Federal Reserve Bank of San Francisco says many women are constrained because of childcare

Thu Jan 06 2022 - 19:16
Brexit and pandemic trigger surge in customs declarations

Brexit and pandemic trigger surge in customs declarations

Customs duty collected on goods imported from abroad jumps as a result of Brexit

Thu Jan 06 2022 - 15:27
Corporation tax on par with VAT as State’s second largest revenue source

Corporation tax on par with VAT as State’s second largest revenue source

Latest exchequer returns show business tax generated record €15.3bn last year

Wed Jan 05 2022 - 19:00
Government tax receipts surge to record €68bn in 2021 as economy rebounds

Government tax receipts surge to record €68bn in 2021 as economy rebounds

Latest exchequer returns point to year-end deficit of €7.4 billion

Wed Jan 05 2022 - 16:11
Eoin Burke-Kennedy: Soaring prices and rents but no credit bubble

Eoin Burke-Kennedy: Soaring prices and rents but no credit bubble

MyHome report points to bigger loan sizes but credit market remain tightly constrained

Wed Jan 05 2022 - 05:45
Five economic flashpoints to watch out for in 2022

Five economic flashpoints to watch out for in 2022

Next year may bring good news but many of the concerns of 2021 will not have gone away

Fri Dec 31 2021 - 05:28
House prices set to grow by up to 8% in 2022, Sherry FitzGerald says

House prices set to grow by up to 8% in 2022, Sherry FitzGerald says

State’s largest estate agent predicts inflation in Dublin will moderate with new builds

Fri Dec 31 2021 - 05:05
Markets lifted by investor optimism and US jobs data

Markets lifted by investor optimism and US jobs data

Tech boom leads Wall Street indices to record highs

Thu Dec 30 2021 - 17:44
New apprenticeships aimed at bridging skills gaps across economy

New apprenticeships aimed at bridging skills gaps across economy

Expansion to include farming, construction and logistics programmes

Thu Dec 30 2021 - 17:06
The State’s top 10 corporate taxpayers: who are they?

The State’s top 10 corporate taxpayers: who are they?

Corporation tax generated €11.8 billion in receipts last year, €1 in every €5 collected

Thu Dec 30 2021 - 14:53
Flight of small landlords will worsen Dublin housing crisis – estate agent

Flight of small landlords will worsen Dublin housing crisis – estate agent

Owen Reilly says small landlords accounted for more than 60% of its sellers in 2021

Tue Dec 28 2021 - 06:00
Consumers unleash pandemic savings ahead of Christmas

Consumers unleash pandemic savings ahead of Christmas

Bank of Ireland barometer detects festive shift in attitude to saving

Wed Dec 22 2021 - 12:31
Weekly incomes would have fallen in 2020 without wage supports – CSO

Weekly incomes would have fallen in 2020 without wage supports – CSO

Pay subsidy schemes accounted for 4.3% of total earnings across all employments

Tue Dec 21 2021 - 12:23
Brexit has seen Irish food exports to Britain decline by a quarter

Brexit has seen Irish food exports to Britain decline by a quarter

ESRI/Department of Finance study estimates impact on trade in isolation of other drivers

Tue Dec 21 2021 - 06:00
European stocks drop as Omicron worries intensify

European stocks drop as Omicron worries intensify

Travel stocks fell 1 per cent, but were above their intra-day lows touched earlier in session

Mon Dec 20 2021 - 18:45
Government’s broadband plan mired in financial controversy

Government’s broadband plan mired in financial controversy

North’s scheme costs €2,500 per home, the Republic’s €5,300

Sun Dec 19 2021 - 12:13
Central Bank to consider ‘step break’ from mortgage rules

Central Bank to consider ‘step break’ from mortgage rules

Proposal for lower income households comes as part of regulator’s year-long review

Thu Dec 16 2021 - 16:38
Omicron variant could derail economic recovery, ESRI warns

Omicron variant could derail economic recovery, ESRI warns

Think tank also predicts inflation will continue to rise, peaking at 6% in March 2022

Thu Dec 16 2021 - 06:58
Global debt surges to record $226 trillion in biggest jump since second World War

Global debt surges to record $226 trillion in biggest jump since second World War

IMF warns countries must navigate world of record-high public and private borrowing levels

Wed Dec 15 2021 - 18:01
House price inflation surges to pandemic high of 13.5%

House price inflation surges to pandemic high of 13.5%

Figures for October represent strongest level of growth seen in market since 2015

Wed Dec 15 2021 - 11:32
DCC acquires US appliance distributor Almo in $610m deal

DCC acquires US appliance distributor Almo in $610m deal

Energy and services group effectively doubles US footprint in single transaction

Wed Dec 15 2021 - 08:26
Kerrygold owner Ornua refinances debt with new €580m facility

Kerrygold owner Ornua refinances debt with new €580m facility

Dairy group says arrangement will include specific emissions, waste and diversity targets

Wed Dec 15 2021 - 07:40
Medical device firm BD to spend €70m on new R&D centre in Limerick

Medical device firm BD to spend €70m on new R&D centre in Limerick

Project will create 130 new jobs over five years, company says

Wed Dec 15 2021 - 07:13
No change in control of multi-billion euro broadband contractor, Government told

No change in control of multi-billion euro broadband contractor, Government told

Political unease following media reports of funding structure of broadband company

Tue Dec 14 2021 - 02:00
William Fry and EY to examine funding and structure of National Broadband Ireland

William Fry and EY to examine funding and structure of National Broadband Ireland

Department says this is part of ongoing review of broadband contract

Mon Dec 13 2021 - 19:24
Irish exports surge to €306bn as pandemic spurs trade in IT and pharma

Irish exports surge to €306bn as pandemic spurs trade in IT and pharma

CSO figures reveal computer services and chemicals dominate State’s exports

Mon Dec 13 2021 - 13:07
Ireland’s reliance on multinationals runs way deeper than corporate tax

Ireland’s reliance on multinationals runs way deeper than corporate tax

Revenue data suggest foreign-owned firms employed 32% of private workforce in 2019

Sun Dec 12 2021 - 11:57
Is this cost-of-living squeeze going to pass?

Is this cost-of-living squeeze going to pass?

If workers start demanding better pay we could get a wage-price spiral

Fri Dec 10 2021 - 05:15
Inflation jumps to 20-year high of 5.3% as energy prices soar

Inflation jumps to 20-year high of 5.3% as energy prices soar

Households face winter cost-of-living squeeze as Government examines EU ‘toolbox’ of options

Thu Dec 09 2021 - 11:35
State may see another surge in corporate tax from new 15% rate, says Ifac

State may see another surge in corporate tax from new 15% rate, says Ifac

Irish Fiscal Advisory Council chairman casts doubt on Government’s €2 billion loss forecast

Wed Dec 08 2021 - 19:23
Irish mortgage customers paying more than twice euro zone average

Irish mortgage customers paying more than twice euro zone average

Latest Central Bank data shows Irish lenders are among the costliest for home loans

Wed Dec 08 2021 - 12:38
Bord Bia survey finds majority of consumers still nervous about eating out

Bord Bia survey finds majority of consumers still nervous about eating out

Report suggests value of Irish food service sector is still 41% below pre-pandemic level

Wed Dec 08 2021 - 06:00
Reverse wage subsidy cuts or firms will fail, Ibec tells Government

Reverse wage subsidy cuts or firms will fail, Ibec tells Government

Employers’ group calls on Coalition to reverse cuts to Covid-19 wage support scheme

Wed Dec 08 2021 - 05:42
Tech and car sectors push European shares to best gains in over a year

Tech and car sectors push European shares to best gains in over a year

Values continue to recover as tide of worry ebbs over Omicron coronavirus variant

Tue Dec 07 2021 - 18:36
Scope for expanding cross-Border trade in services, report finds

Scope for expanding cross-Border trade in services, report finds

ESRI produces two reports under new Shared Island initiative

Tue Dec 07 2021 - 04:49
First-time buyers need deposits of €52,500 as house prices rise

First-time buyers need deposits of €52,500 as house prices rise

Report says higher property values are driving deposit amounts

Tue Dec 07 2021 - 00:01
EU approves over €920m for Ireland under Brexit fund

EU approves over €920m for Ireland under Brexit fund

Ireland to be largest beneficiary of €5.4bn emergency fund as deemed to be hardest hit

Mon Dec 06 2021 - 12:58
Ireland bucks OECD tax trend on account of reduced VAT receipts

Ireland bucks OECD tax trend on account of reduced VAT receipts

Agency report reveals pandemic has less impact on tax revenue than previous crises

Mon Dec 06 2021 - 11:41
Nama controls enough land for 20,000 new homes

Nama controls enough land for 20,000 new homes

Most of development land is in high-demand areas of Dublin, Kildare and Meath

Mon Dec 06 2021 - 05:30
Corporate tax: Ireland’s version of Norwegian oil

Corporate tax: Ireland’s version of Norwegian oil

State needs to make better use of tax windfall from multinationals

Sun Dec 05 2021 - 12:04
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