Business News

This is how many days you need to work just to cover your rent in Ireland

8th May 2018

A single person is putting in an average of 86 days of work – which would take you from January 1 into the middle of May – just to afford the annual rent on a one-bedroom home. Soaring rental costs year-on-year mean that workers are being forced to put aside every cent they earn to […]

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New Sectoral Employment Order for Plumbers & Pipefitters

4th May 2018

New Sectoral Employment Order for Workers in the Mechanical Engineering Building Services Contracting Sector   Mandatory changes to the Sectoral Employment Order (Mechanical Engineering Building Services Contracting Sector) 2018 (“SEO”) has been signed into law by Minister Pat Breen  – Effective from 6th March 2018.     The Order provides mandatory terms and conditions in…

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Problem solver: Making the right move can help fashion store footfall

4th May 2018

Q I am 27 and have just returned from working abroad in the fashion industry. My parents have a retail shop unit in a poor location, but have given it to me at cheap rent. Sales are abysmal, as the footfall I need isn’t in the area. Do you think I can build up the […]

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Enterprise Ireland targets 50pc growth in Irish exports to Asia Pacific

4th May 2018

Enterprise Ireland is aiming to increase Irish exports to the Asia Pacific region by 50pc by 2020. Over the past five years, exports to the Asia-Pacific region from Ireland more than doubled since breaking the €1bn mark in 2012, delivering double-digit growth for Enterprise Ireland clients in 2016 with a 16pc year-on-year gain. As part […]

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Linked Finance SME loans top €50m

4th May 2018

Loans from Linked Finance to Irish small and medium enterprises (SMEs) have passed the €50m mark. The milestone coincides with the peer-to-peer lending platform celebrating five years in business. Launched by Peter O’Mahony in 2013, with the aim of using technology to connect SMEs looking for finance with lenders keen to back Irish businesses while […]

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Thursday 3 May 2018 Watchdog to launch cyberattacks to examine Irish banks’ weaknesses

3rd May 2018

The Central Bank here is to launch simulated cyberattacks on banks, to stress test the resilience of the sector to sophisticated hacking. The attacks will conform to an ECB framework for controlled and bespoke tests against cyberattacks in the financial market based on earlier models developed in the UK and the Netherlands. It is not […]

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Dublin beats Paris to second spot in the European Cities and Regions of the future

3rd May 2018

The fDi Top 25 ‘European Cities and Regions of the Future’ for 2018 have been revealed, and despite concerns around Brexit, London has taken the top spot. Meanwhile Dublin has climbed to 2nd place, the 13th issue of the Dublin Economic Monitor reveals. Dublin’s improved performance knocks Paris into third. This, along with other key […]

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Eurozone growth slowed in first three months of 2018, but expansion predicted

3rd May 2018

Eurozone economic growth slowed as expected at the start of 2018, although economists said temporary factors were partly behind the weakness and that the economy should continue to expand strongly this year. The growth rate pushed the eurozone behind the United States, but still ahead of Britain – which registered its weakest growth since 2012. […]

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‘Acute’ skills shortage in construction sector now main concern

2nd May 2018

Skills shortages have leapfrogged access to finance as the major concern of construction sector surveyors, according to a major new report. Just over eight in 10 surveyors in Ireland say the building sector is now experiencing a skills shortage, an increase of 7 percentage points in the last six months, according to the joint report […]

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UK orders crackdown on offshore tax havens

2nd May 2018

The UK government agreed yesterday to order its overseas territories such as the Cayman Islands and the British Virgin Islands to make secretive company ownership information public by the end of 2020 to try to tackle corruption and tax avoidance. The move was hailed as a major victory by campaigners in the fight against tax […]

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