Business News

Residential property price growth slows to 3.1% in April

17th June 2019

Residential property price growth slows to 3.1% in April New figures show that Dublin residential property prices grew again at a slower pace in April than the rest of the country. The latest residential property price figures from the Central Statistics Office show that prices nationwide rose by 3.1% in April compared to the same […]

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Ireland has spent €86.8m on carbon credits to meet emissions targets

17th June 2019

Ireland has spent €86.8m on carbon credits to meet emissions targets Ireland’s approach to reducing carbon emissions is a “charade” that is costing millions annually as it is buying carbon credits from other countries to “pretend we are coming in under target”, according to the chairperson of the Public Accounts Committee. Seán Fleming said it […]

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Rate of inflation falls to 1% in May – CSO

17th June 2019

Rate of inflation falls to 1% in May – CSO The annual rate of inflation eased to 1% in May from the seven year high of 1.7% hit in April, new figures show today. The latest figures from the Central Statistics Office figures show that consumer prices fell by 0.1% on a monthly basis in […]

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Bill to ban employers from using tips for workers’ pay

14th June 2019

Bill to ban employers from using tips for workers’ pay The Government is preparing legislation that would ban employers in the service industry from using tips to help pay workers’ wages and require businesses to display their policies on tipping. It follows criticism of some businesses that were not allowing staff to take home the […]

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Major Irish firms claim significant progress on carbon reduction target

14th June 2019

Major Irish firms claim significant progress on carbon reduction target A new report claims that 47 major Irish firms have already made significant progress in meeting a carbon reduction target initially set for 2030. The pledge was made as part of the Business in the Community Ireland group – and sees the likes of Diageo, […]

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Ireland will be worst-hit by US tariffs, says IMF

14th June 2019

Ireland will be worst-hit by US tariffs, says IMF The Irish economy will be hit three times harder than Germany and worse than any other developed nation if the US imposes a blanket trade tariff, the IMF has warned. A new study from the International Monetary Fund (IMF) put Ireland top of a list of […]

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3.3% rise in goods handled – in and out – of Irish ports

13th June 2019

3.3% rise in goods handled – in and out – of Irish ports New figures from the Central Statistics Office reveal that Irish ports handled 55.1 million tonnes of goods last year, an increase of 3.3% on the previous year. Total goods forwarded from Irish ports amounted to 18 million tonnes, a slight increase of […]

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Fiscal Council issues warning over Government’s budget plans

13th June 2019

Fiscal Council issues warning over Government’s budget plans The Government will have just €600 million to either increase spending or reduce taxes in October’s budget once existing commitments are taken into account, the State’s independent finance watchdog says. According to the Irish Fiscal Advisory Council (IFAC), if the Government sticks to its plans, a total […]

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Construction industry’s turnover sees growth of 25% last year

13th June 2019

Construction industry’s turnover sees growth of 25% last year The combined turnover for the country’s top construction companies increased by 25% to €8.39 billion last year. This is according to Construction magazine’s annual Top 50 CIF Contractors listing for 2019. The listing, published every year, gives a snapshot of the overall growth in Irish construction. […]

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Despite Brexit concerns, domestic economy doing well – SME Market Monitor

12th June 2019

Despite Brexit concerns, domestic economy doing well – SME Market Monitor The domestic economy is performing strongly despite a dip in consumer sentiment, according to the latest SME Market Monitor from the Banking and Payments Federation Ireland. The BPFI said that businesses here have been boosted by improving employment, as well as a 2.1% rise […]

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