Business News

The Government says the right decisions must be made with the budget surplus recorded this year, according to the Minister for Finance. Michael McGrath says the Government cannot rely on excess corporate tax receipts into the future, adding that at the best of times, it is a volatile source of revenue. “There is an acute […]

Exports by Enterprise Ireland (EI) backed companies grew by a record 19% last year to €32.1 billion, fuelled in part by the inflationary environment. It was the highest level of year-on-year export growth recorded by EI supported firms. “These are significant exports results and reflect the incredible innovation and ambition of the Irish enterprise sector,” […]

The US and the euro zone should not take the international status of their currencies for granted as countries such as China and Russia seek to create their own systems. The dollar’s 80-year-old reign as the world’s reserve currency is being called into question by some commentators. This is in light of China’s rise as […]

The high rate of inflation in the euro zone ought to come down over the coming months, European Central Bank President Christine Lagarde said today. But she warned there was “considerable uncertainty” around the forecast. “We expect euro area inflation to continue to fall,” Lagarde said in a statement at the IMF’s spring meetings in […]

The Irish jobs market has remained resilient despite recent layoffs in the technology sector, according to the latest Morgan McKinley Ireland Quarterly Employment Monitor. It shows there was a slight increase in professional job vacancies in Ireland in the first quarter of 2023 compared to the previous quarter. The number of jobs on offer has […]

A new bill could see landowners and developers pay a charge of 30% on the difference in the value of land before and after residential zoning. The Land Value Sharing and Urban Development Zones bill seeks to clampdown on land speculation, where developers profit off land that is zoned for housing. Within the proposed law, […]

The annual rate of residential property price increases slowed nationally to a 22 month low of 5% in February, compared to 6.1% in January. Property prices in both Dublin and the rest of the country fell marginally last month for the second month in a row. According to the Residential Property Price Index from the […]

Construction activity here continued to fall last month, albeit marginally. But the latest Construction Purchasing Managers Index from BNP Paribas Real Estate Ireland shows there were some signs of inflation in the sector cooling in March. It also found that growth in new orders, employment and input buying were all sustained. “Order books strengthened progressively […]

The annual rate of inflation eased to 7.7% in March from 8.5% in February, according to the latest figures from the Central Statistics Office today – the lowest level in 11 months. But core inflation – which excludes energy and food – continued to rise. March of last year marked the start of the dramatic […]

New figures from the Central Bank show that a total of 86,298 current and deposit accounts were closed in Ulster Bank and KBC Bank in four weeks to the end of March. The account closures come as the two banks continue their withdrawal from the Irish market. The Central Bank said this marked a reduction […]