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One third of business leaders say their primary board does not have a succession plan in place to replace board members, according to new data from the Institute of Directors (IoD) in Ireland. “A board with no succession plan is not future-proofing its business nor planning for the board diversity which is essential for an…

Ireland could collect an extra €12.4 billion in corporation tax under the proposed 15% global minimum rate. That’s according to figures published today by the EU Tax Observatory, an independent think-tank based in Paris that receives funding from the EU. Based on OECD tax figures for 2016 and 2017, the Observatory estimates that the rule…

New figures show that the volume of new mortgages drawn down in the third quarter of this year jumped by 40.9% compared to the same time last year. Banking & Payments Federation Ireland (BPFI) said a total of 11,479 new mortgages, worth €2.784 billion, were drawn down by borrowers during the third quarter of 2021-…

The Irish Congress of Trade Unions says some progress has been made in talks with the government on collective bargaining rights, which is one of the main issues on the agenda for discussion during ICTU’s two day biennial conference in Belfast. ICTU delegates will discuss a number of motions on collective bargaining rights tomorrow. Speaking…

According to Teagasc, the semi-state agency that advises the agriculture industry, dairy farming is the most profitable of Ireland’s mainstream agricultural enterprises. Data from the Environmental Protection Agency (EPA) shows that, in 2020, the number of dairy cows on Irish farms rose for the 10th consecutive year, climbing by 3.2%. Profits in the sector are…

A Labour Court recommendation for new minimum pay rates to workers in the construction sector has been formally approved by Minister of State for Business, Employment and Retail Damien English. The Sectoral Employment process is a statutory wage setting mechanism based on the principles of collective bargaining. It provides an independent assessment of pay rates…

Consumer confidence slipped in October, according to the latest Pulse survey from Bank of Ireland, which found that consumers were more concerned about rising prices. The Bank of Ireland Economic Pulse posted a reading of 87.6 in October 2021. The index, which combines the results of the Consumer and Business Pulses, was down 0.6 on…

European energy ministers are holding a special meeting in Luxembourg to try to forge agreement on how to emerge from the current crisis in gas supplies, and the knock-on effect to electricity prices. Ireland has joined eight other mostly northern European countries in rejecting calls for a wholesale reform of the single energy market, or…

Late night entertainment is set to reopen across the country tonight, after new safety guidelines were signed-off between the Government and industry representatives. Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media Catherine Martin said she was striking a balance between protecting public health and assisting the nightclub and live venue industry, which had been…

Consumer confidence held steady in October, according to latest KBC Bank Ireland consumer sentiment index. The reading for this month stood at 86.8, effectively unchanged from the figure of 86.4 reported for September. This follows a pattern of broadly stable sentiment numbers for the past six months. Despite a relatively healthy reading for October, the…