Bank of Ireland’s chief finance officer to step down
Bank of Ireland’s chief finance officer to step down Bank of Ireland has announced that its chief financial officer, Andrew Keating, is to leave the bank. Mr Keating, who has worked at the bank since 2004, is set to take up a “senior finance role” in an “international organisation outside the financial services sector”, the […]
Ireland runs risk of austerity-era spending cuts, economist to warn politicians
Ireland runs risk of austerity-era spending cuts, economist to warn politicians Politicians will be warned today that Ireland runs the risk of austerity-era spending cuts if it continues with existing expenditure plans. Stephen Kinsella, Associate Professor of Economics at University of Limerick, will address the Budget Oversight Committee on the same day as the Government […]
Government to borrow to cushion impact of hard Brexit
Government to borrow to cushion impact of hard Brexit October’s Budget will involve a package worth €2.8 billion, Minister for Finance Paschal Donohoe said as he published the Government’s Summer Economic Statement. However, €2.1 billion of that is already committed to current and capital spending plans, which leaves just €700m to be allocated on budget […]
Residential property price growth slows to 3.1% in April
Residential property price growth slows to 3.1% in April New figures show that Dublin residential property prices grew again at a slower pace in April than the rest of the country. The latest residential property price figures from the Central Statistics Office show that prices nationwide rose by 3.1% in April compared to the same […]
Ireland has spent €86.8m on carbon credits to meet emissions targets
Ireland has spent €86.8m on carbon credits to meet emissions targets Ireland’s approach to reducing carbon emissions is a “charade” that is costing millions annually as it is buying carbon credits from other countries to “pretend we are coming in under target”, according to the chairperson of the Public Accounts Committee. Seán Fleming said it […]
Rate of inflation falls to 1% in May – CSO
Rate of inflation falls to 1% in May – CSO The annual rate of inflation eased to 1% in May from the seven year high of 1.7% hit in April, new figures show today. The latest figures from the Central Statistics Office figures show that consumer prices fell by 0.1% on a monthly basis in […]
Bill to ban employers from using tips for workers’ pay
Bill to ban employers from using tips for workers’ pay The Government is preparing legislation that would ban employers in the service industry from using tips to help pay workers’ wages and require businesses to display their policies on tipping. It follows criticism of some businesses that were not allowing staff to take home the […]
Major Irish firms claim significant progress on carbon reduction target
Major Irish firms claim significant progress on carbon reduction target A new report claims that 47 major Irish firms have already made significant progress in meeting a carbon reduction target initially set for 2030. The pledge was made as part of the Business in the Community Ireland group – and sees the likes of Diageo, […]
Ireland will be worst-hit by US tariffs, says IMF
Ireland will be worst-hit by US tariffs, says IMF The Irish economy will be hit three times harder than Germany and worse than any other developed nation if the US imposes a blanket trade tariff, the IMF has warned. A new study from the International Monetary Fund (IMF) put Ireland top of a list of […]
3.3% rise in goods handled – in and out – of Irish ports
3.3% rise in goods handled – in and out – of Irish ports New figures from the Central Statistics Office reveal that Irish ports handled 55.1 million tonnes of goods last year, an increase of 3.3% on the previous year. Total goods forwarded from Irish ports amounted to 18 million tonnes, a slight increase of […]