News

Euro rises as talks on stimulus delayed

21st July 2017

Mario Draghi has said policymakers are still waiting for inflation to catch up with the economy’s recovery, as they put off any discussion on tapering stimulus until after the summer. “We are finally experiencing a robust recovery where we only have to wait for wages and prices to follow course,” the European Central Bank (ECB) […]

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Traffic payments boost tunnel profits

21st July 2017

Traffic guarantee payments totalling €4.4m by Transport Infrastructure Ireland (TII) to the firm operating the €800m Limerick tunnel helped the company record an operating profit of €9.4m last year. New accounts filed by Directroute (Limerick) Ltd show that the firm recorded a 38pc increase in operating profits last year going from €6.8m to €9.4m. Revenues […]

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Software company Zendesk to create 300 jobs in Dublin

20th July 2017

Cloud-based provider of customer service Zendesk is to create 300 jobs in Dublin over the next three to four years. The roles will be in a number of areas including engineering, developing, sales, legal, and finance. The move will bring its total headcount in Dublin to in excess of 500 employees. Founded in a Copenhagen […]

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Dublin fifth in world for prime retail rent growth

20th July 2017

Dublin has emerged as one of the fastest-growing prime retail locations in the world according to CBRE’s latest half-yearly research report, ‘Global Prime Retail Rents’. The Irish capital secures fifth place on the list, after recording an 10.5pc year-on-year increase in rents for prime retail in the first quarter of 2017. While the rate of […]

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New financing platform aims to support the construction of 250 homes with €60m of loans

20th July 2017

Initiative Ireland is aiming to finance €60m in construction loans to fund 250 family homes. It intends to launch Ireland’s first syndicated property finance platform in September to raise cash from investors, or members, and lend it on to builders. Initiative Ireland will offer its private syndicate members a return of 3.5pc APR to 7.5pc […]

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Guinness has a €16m expansion plan in store

14th July 2017

UP TO 300 construction jobs will be created as part of a €16m expansion of the landmark Guinness Storehouse in Dublin, Ireland’s most-visited fee-paying tourist attraction. The plan will see the Gravity Bar doubling in size, with capacity for 500 people at any one time. That’s being achieved by directly linking a new 360 degree […]

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UK still the top destination for emigrating Irish professionals

14th July 2017

The UK remains the top destination for professionals leaving Ireland, despite the country’s intention to leave the European Union. The level of movement between both countries did fall marginally however, with approximately 26pc of all talent leaving Ireland opting for the UK between October 2016 and April 2017, compared to approximately 27pc in the previous […]

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Shopify to create 100 new jobs in Galway

14th July 2017

Shopify, a cloud-based, multi-channel retail platform designed for small and medium-sized businesses, is creating 100 new jobs in Galway with the help of IDA Ireland. The roles will be in the area of support staff, and recruitment is expected to start next month. Known as “Gurus” Shopify’s Irish support staff are all remote workers, meaning […]

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Software company Zendesk to create 300 jobs in Dublin

12th July 2017

loud-based provider of customer service Zendesk is to create 300 jobs in Dublin over the next three to four years. The roles will be in a number of areas including engineering, developing, sales, legal, and finance. The move will bring its total headcount in Dublin to in excess of 500 employees. Founded in a Copenhagen […]

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Fresh bubble fear as property prices jump yet again

12th July 2017

The surge in property prices has picked up pace, with a renewed increase in Dublin values. Prices nationwide jumped by almost 12pc in the year to May, according to the Central Statistics Office (CSO). This compares with an increase of 10pc in the year to April. The rise for the month of April was 2pc, […]

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