News

Inflation is forecast to fall to 5% this year and household incomes are expected to improve, according to the Central Bank. In its latest Quarterly Bulletin, the bank expects the domestic economy to grow by just over 3% this year. It thinks inflation will be lower this year, due to falling energy prices, and expects…

US President Joe Biden and European Commission President Ursula von der Leyen are expected to agree to begin negotiations on ensuring free-trade agreement-like status for the European Union, according to sources. The leaders are set to meet in Washington tomorrow. Reuters reported last week that the United States and EU were working to make European…

Nearly a quarter of consumers are struggling to make ends meet due to rising grocery prices, according to research conducted on behalf of Love Irish Food. The study, carried out by Kantar, found that 23% of consumers are facing difficulties in covering the cost of shopping due to the jump in prices in the past…

The survey was carried out among 1,000 women and men across Ireland, with the findings published today to mark International Women’s Day. The data suggests that maintaining work-life balance post-pandemic is proving harder for women. Overall, three-quarters of those surveyed said demands on their personal time and daily routine at work have changed since the…

The Motor Insurers’ Bureau of Ireland (MIBI) will tell an Oireachtas committee later today that Ireland may now have the highest level of uninsured vehicles in the EU. The MIBI said the level of uninsured vehicles here is now three times that of the UK and four times that found across the EU and EEA.…

The Government has announced temporary changes to how Benefit-in-Kind (BIK) is charged on company cars and vans, after complaints that reforms introduced at the start of the year were leading to big increases in tax bills for those driving them. The changes that took effect from January 1st saw a shift to a new BIK…

Shoppers spent an additional €113.56 per buyer in the 12 weeks to February 19 compared with the same time last year, new figures from Kantar show today. The increase comes as grocery price inflation hit a new record high of 16.4% in the latest 12 week period, up from a rate of 2.4% the same…

Listed companies here have on average 32% female representation at board level, new figures from the Balance for Better Business Review Group show. For the first time, Ireland is included in the list of top 10 countries in the EU for female board representation. However, the pace of progress in achieving gender balance at the…

74% of Irish consumers expect rising costs to impact their summer holiday plans for this year, according to new research by global tech company Wise. When respondents factored in travel, accommodation and general spending, they expect to spend on average €2,800. Half of those surveyed plan to use their savings to pay for their trip,…

2022 was a pretty dismal year for equity markets. Having kicked January off at all-time highs, stock valuations rapidly went south as inflation precipitated a round of interest rate increases, the likes of which hadn’t been seen in decades. On top of that, the outbreak of war in Ukraine contributed to an economic outlook that…