News
Irish family firms cut more jobs in the past year when compared to their European peers, according to a new report. The study by the Step Project Global Consortium and KPMG Private Enterprise found that employment in Irish family firms was 15% lower than pre-pandemic levels. That compares to a fall of 4% across European family…
Read MoreThe average price of farmland rose by 15% nationally last year, despite the Covid-19 pandemic, the latest Irish Farmers Journal’s county land price report shows. Today’s report shows that the average price of agricultural land reached €10,316 an acre, up from €8,971 in 2019. This is the highest average land price figure recorded since the…
Read MoreThe stockbroker Davy need only look in the mirror when it asks itself how things went so catastrophically wrong, the Director General of Financial Conduct at the Central Bank has said. Derville Rowland also told the Banking and Payments Federation of Ireland Membership Forum virtual event that consumer and investor protection begins with firms themselves.…
Read MoreThe European Central Bank is aiming to stop bond yields from rising before the pandemic-hit euro zone economy is ready to digest higher borrowing costs, the ECB’s chief economist Philip Lane said today. The ECB decided last week to accelerate bond purchases for the next three months to counter a rise in bond yields. Policymakers…
Read MoreA shift away from the UK as a destination for European job seekers post-Brexit is manifesting in increased interest in certain categories of Irish jobs, according to research from online recruitment company Indeed. Under the UK’s new immigration regime, which ends freedom of movement and requires applicants to meet certain criteria, European workers are finding it…
Read MoreOil prices rose today and were on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown. Brent crude was up 57 cents or 1% at $56.91 a barrel this morning It […]
Read MoreThe country’s export levels reached record levels last year, according to the latest figures from the Central Statistics Office. More than €152.5 billion worth of goods were exported last year, an increase of 8.5% on 2018 and the highest total on record. The CSO noted that the largest category of exports was medical and pharmaceutical […]
Read MoreEuro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy compared to the previous quarter. But employment growth picked up more than expected, official estimates showed today. The European Union’s statistics office Eurostat said GDP in the euro zone expanded 0.1% quarter-on-quarter […]
Read MoreThe European Commission has today kept its economic forecast for moderate euro zone growth for this year and 2021. But it raised slightly its projection for inflation, noting the spread of the coronavirus was the key downside risk. In an interim outlook for gross domestic product (GDP) growth and consumer inflation for the 19 euro […]
Read MoreThe Paris-based Organisation for Economic Cooperation and Development has said that Ireland’s population will age more rapidly than most other countries over the next 40 years. In a survey on the Irish economy published this afternoon, it also warns that future changes to international corporate tax rules could lower the attractiveness of Ireland to […]
Read More