News

No time limits on indoor dining under reopening plans

21st July 2021

There will not be any time limits for those allowed to eat and drink inside pubs and restaurants under guidelines agreed with the hospitality sector this evening. Closing time will be set at 11.30pm and an app will be developed by Government to allow business owners to check customers’ Digital Covid Certificates at the door…

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EU to set up anti money-laundering agency

21st July 2021

The EU is to set up a stand-alone agency to crack down on money laundering across Europe where major banks have been hit by a wave of dirty money scandals. Many cases have involved northern countries such as Denmark, Sweden and Finland with a reputation for playing by the rules, but criminal gangs and terrorism…

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Talks on reopening indoor dining for fully vaccinated

20th July 2021

Representatives from the restaurant and bar sector will this evening meet with Government officials as work continues on guidelines ahead of the anticipated reopening of indoor hospitality next week. The question of whether or not there will be time limits on the indoor service in bars and restaurants will be examined. Last night, there were…

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New stamp duty rules for bulk investors signed into law

20th July 2021

President Michael D Higgins has signed into law measures that will allow for the taxation of institutional investors who buy homes in bulk. In a bid to clamp down on the bulk purchase of homes, a stamp duty of 10% will be applied to institutional investors that buy ten homes or more. Apartments will not…

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Govt approves drafting of bill to cap moneylender rates

20th July 2021

The Government has approved the drafting of a bill which will introduce a cap on the interest rates that moneylenders can charge. The legislation proposes two rate caps, one for cash loans, and one for running accounts – these are similar to tied credit cards, and are often used by catalogue companies. For cash loans,…

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Euro zone bond yields fall ahead of ECB policy meeting

19th July 2021

Euro zone government bond yields fell on Monday ahead of Thursday’s policy meeting of the European Central Bank (ECB), while concerns about the Delta variant of the coronavirus continued to dampen risk sentiment. ECB policymakers are set for a showdown as they chart a new policy path, with disagreements on the economic outlook and thus…

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Rise in new companies registered in first half of year

19th July 2021

Almost 14,000 new companies were registered in Ireland in the first half of the year, up 42% on the same period in 2020 – according to CRIF Vision Net. Within this period, March was the strongest month for start-ups recording a total of 2,715 new registrations. According to the data, the legal, accounting and business…

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A heatwave hits the economy

19th July 2021

It’s not just temperatures which have shot up this week. The Central Statistics Office (CSO) confirmed that the economy, or at least parts of it, is going through a definite heatwave of spectacular growth. We also learned through the Summer Economic Statement that the Government intends to borrow a lot more money than had been…

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Concern at Govt plans to run deficit of almost 3%

16th July 2021

The Chairman of the Irish Fiscal Advisory Council has expressed concern at the Government plans to run a deficit of almost 3%, which would result in a modest fall in the ratio of debt to national income from 110% to 106% by 2025. Sebastian Barnes, who works at the OECD Economics Department, said Ireland has…

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Consumers feel safer going to restaurants, survey shows

16th July 2021

Consumers now feel safer going to restaurants, hotels and attending in-person events, according to a new survey from Deloitte. Their monthly ‘Consumer Tracker’ survey tracks Irish consumers’ attitudes towards personal wellbeing, financial concerns, travel and hospitality, transport and retail. The most recent data was gathered between 24 and 30 June. It shows that consumers’ financial…

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