Business News

No sudden withdrawal of fiscal measures – Donohoe

26th January 2021

The Minister for Finance has said there will be no sudden withdrawal of the fiscal stimulus measures put in place across Europe to deal with the Covid-19 pandemic. Addressing the European Parliament’s Committee on Economic and Monetary Affairs in his role as President of the Eurogroup, Paschal Donohoe said it is important that finance ministers […]

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No sudden withdrawal of fiscal measures – Donohoe

26th January 2021

The Minister for Finance has said there will be no sudden withdrawal of the fiscal stimulus measures put in place across Europe to deal with the Covid-19 pandemic. Addressing the European Parliament’s Committee on Economic and Monetary Affairs in his role as President of the Eurogroup, Paschal Donohoe said it is important that finance ministers […]

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Irish port volumes steadily rising but still lower than last year

26th January 2021

The quantity of goods passing through Irish ports from the UK remains around half of what it was this time last year, nearly four weeks after the Brexit transition period came to an end.  At a briefing at Dublin Port this afternoon, officials from a range of state departments and agencies said volumes remained below […]

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Irish port volumes steadily rising but still lower than last year

26th January 2021

The quantity of goods passing through Irish ports from the UK remains around half of what it was this time last year, nearly four weeks after the Brexit transition period came to an end.  At a briefing at Dublin Port this afternoon, officials from a range of state departments and agencies said volumes remained below […]

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Almost €100,000 income needed for cheapest Dublin apartments – study

26th January 2021

A couple earning average wages still cannot afford even the cheapest new apartments in Dublin, according to a study. The Society of Chartered Surveyors Ireland (SCSI) also found most types of apartments are not economically viable for developers to build for sale. The society’s report found that the situation has improved since its previous study […]

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Too much cash, too few homes – property prices in a pandemic

25th January 2021

A multi-millionaire Australian property mogul controversially suggested a few years ago that if young people wanted to buy a house, they should stop buying avocado toast and expensive coffee. “When I was trying to buy my first home, I wasn’t buying smashed avocado for AU$19 (€12) and four coffees at AU$4 (€2.55) each,” Tim Gurner, […]

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Interest rates on State savings schemes to be reduced

25th January 2021

The interest rates on several State savings schemes are to be reduced, the National Treasury Management Agency has announced. The changes will also impact the prize bond fund, which has been growing in popularity. Under the changes, the prize fund allocated to the bonds is to be cut, which will reduce the amount of prize […]

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Big consumer rebound expected after Q1 lockdown – Goodbody

25th January 2021

The unleashing of €13 billion in household savings and significant pent-up demand will lead to a surge in consumer spending that will fuel a 5% growth in core domestic demand this year, new research from stockbroker Goodbody says. In his latest economic forecast, chief economist Dermot O’Leary predicts that domestic demand will fall between January and […]

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Setback for banks’ Revolut-style payment app application as CCPC rejects it as ‘invalid’

22nd January 2021

A plan by the main banks here to develop a person to person money transfer app to rival Revolut and N26 has been dealt an early set back, after the competition regulator rejected its application for clearance due to insufficient information. Two weeks ago AIB, Bank of Ireland, KBC Bank Ireland and Permanent TSB applied […]

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Salaries for in-demand skills to increase by up to 5%

22nd January 2021

Salaries for in-demand and emerging niche skill sets will increase by up to 5% this year, according to the Morgan McKinley Irish Salary Guide. The new guide shows that most salaries are likely to remain flat throughout 2021. Overall, in 2020, the market for professional talent was split 45% permanent and 55% temporary. According to Morgan McKinley, this […]

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