News

The Taoiseach has warned that the cost-of-living crisis could last into the spring of 2023. Speaking on RTÉ’s Prime Time, Micheál Martin said Russia’s approach to gas and the uncertainty around the price of energy meant the situation could get worse before it gets better. “We think the winter is going to be very difficult.…

Luxembourg property asset manager REInvest Asset Management has bought a property in Dublin for the first time in the company’s history. The office building, 5 Harcourt Road, was bought for €65m from Henderson Park, a private equity property manager based in London. 5 Harcourt Road is fully let on a long-term basis to WeWork, which…

The euro sank to within a whisker of parity with the dollar today and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors. The dollar’s role as the safe-haven go-to currency for investors worried about the economic outlook has been burnished in recent…

A shortage of people with a well-rounded skill set, including role-specific technical skills and in-demand soft skills, represents a threat to the health of the talent pipeline in financial services, a new report has found. In particular data analytics, machine learning, digital transformation and risk and compliance are the specialties where the greatest skills gaps…

Exports by companies supported by Enterprise Ireland increased by 12% to a €27.29 billion last year – the highest level of export growth ever recorded by EI supported firms in value terms. Strong increases were experienced across almost all sectors in 2021, according to the state agency responsible for helping Irish companies to grow and…

The Government has approved moves to strengthen regulatory controls on the short-term letting of property. These controls will apply to non-principal private residences in rent pressure zones and are due to come into effect in September. The amendment, if enacted, will mean that from 1 September online platforms will not be able to advertise properties…

Severe price pressures forced the Irish construction sector to contract marginally in June, the first time it has reduced in size since April of last year when the pandemic was still restricting activity. The BNP Paribas Real Estate Ireland Construction Purchasing Managers Index (PMI) found new orders fell at a sharp and accelerated pace. Purchasing…

There is an “absence of trust” amongst farmers in banks, according to the latest report from the Irish Banking Culture Board. The farming community was surveyed as a specific cohort for the first time and registered a -77 trust score, ranking significantly lower than both the general population and SMEs. The report reveals that the…

What’s the Summer Economic Statement? It is a document that sets out the parameters of the forthcoming Budget. That means, in broad terms, how much ‘new’ money will be spent or used to lower tax rates on Budget day. It also shows the total amounts of Government spending planned for budgets out to 2025. And…

New data from hiring platform IrishJobs.ie shows a continued stabilisation in the number of job vacancies across the country. While the Index reveals 15% year-on-year growth in the number of jobs available this quarter, this is a deceleration of growth compared to the year-on-year figure for last quarter of 44%. In addition, quarterly growth is…