News

European firms make slow progress in appointing more women to boards

20th January 2022

The proportion of women in leading positions at major European companies rose last year, but fell behind schedule to reach the European Commission’s proposed target of 40% for 2025. This is according to a study by an EU-sponsored non-profit organisation. European Commission President Ursula von der Leyen said earlier this month she would try to…

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Job vacancies for HR roles soar by 420% – IrishJobs.ie

20th January 2022

Employers are seeking to hire more of the people who hire people to work in their companies. Job vacancies across Talent Acquisition and Human Resources saw an unprecedented 420% year-on-year increase in Q4 2021, according to the latest IrishJobs.ie Jobs Index. “2021 was a particularly busy year for recruitment and we anticipate this trend will…

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Oil at highest level since 2014 as Turkey outage adds to tight supply outlook

19th January 2022

Oil prices rose for a fourth day today as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose 39 cents, or 0.5%, to $87.90 a barrel this morning, adding to a 1.2%…

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63% of professionals considering a job change: survey

19th January 2022

More than six out of ten workers here are considering a change of job this year, according to a survey conducted on behalf of business networking platform LinkedIn. The survey of 1,001 professionals here, conducted by Censuswide late last year, found that 63% are considering a move during 2022. The feeling was particularly pronounced among…

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The ABCs of the ECB

19th January 2022

Economics is not all about numbers. In fact, in one of the most important areas of economics – central banks and monetary policy-language ranks alongside number crunching in importance. That’s because the power to create money and therefore to influence its value thrusts economics into the forefront of people’s lives. Retaining the confidence of people…

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Covid Credit Guarantee Scheme extended until June

18th January 2022

The Covid-19 Credit Guarantee Scheme for small and medium businesses has been extended the end of June, the Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said today. Low-cost loans will continue to be available to Irish SMEs through a wide range of lenders including three banks, six non-bank finance providers and 19…

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Residential property deals up almost 19% last year

18th January 2022

The number of residential property transactions increased by almost 19% to 44,110 in the 12 months to October 2021, according to the latest Residential Buildings Report published by GeoDirectory and EY. It reveals that over 16% of all property transactions were for newly built homes, which was down compared to the previous year. The average…

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Brexit boosts international banks’ Irish balance sheets to over €500bn

18th January 2022

The Irish balance sheets of large systemically important banks with international operations run from Ireland have grown by as much as €200bn since the UK voted to leave the EU six years ago, a new study has found. The transfers put Ireland in only second place behind Germany when it comes to the value of…

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Inflation in building costs to continue – survey

17th January 2022

More than four out of every five builders across the country expect the prices they charge for projects will rise in the first three months of the year when compared to the same period last year, a new survey of the industry has revealed. 99% reported a year-on-year increase in the cost of raw materials,…

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Firms supported by Local Enterprise Offices created 7,440 new jobs last year

17th January 2022

Companies being supported by the country’s Local Enterprise Offices created 7,440 new jobs last year, a 9% increase on the figure in 2020. It brought to 35,729 the total employed by LEO-supported firms at the end of last year, and marks 8th successive year of employment growth. The vast majority – 85% – of those…

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