Employment in multinationals reaches a record high
The number of people employed in multinationals has reached a record high of over 210,000, the IDA has said. The figure for 2017 surpasses the overall five-year target of 209,000, which was set in 2015 as part of the agency’s strategy out to 2019. The number of new investments totalled 237. Some 19,851 new jobs […]
Services sector enjoys strong finish to 2017
The services sector has enjoyed a strong finish to 2017, according to the latest Investec Services PMI Ireland report. The headline PMI strengthened to 60.4 in December, an eight month high, from November’s 56.0 outturn. Any mark over 50 is deemed growth. The improvement appears to have been domestically-driven, as the new export orders component […]
State pulls in highest ever amount of tax with a record €50bn
The tax take for last year reached a record high of just over €50bn. The State took in €2.87bn more in taxes last year than had been initially expected. The figures were further boosted by the one-off sale of AIB shares, according to the Exchequer Returns published last night. The State’s tax income is now […]
Plans for huge offshore wind farms will require port infrastructure upgrades
“Mega” offshore wind projects off Ireland’s coast will require increased investment in the country’s port infrastructure, according to a Dublin-based consultant engineering group. GDG (Gavin & Doherty Geosolutions) is currently working with the Sustainable Energy Authority of Ireland on a gap analysis designed to assess the strengths and weaknesses of the offshore renewable-energy supply chain […]
Ireland up in global economic table – but Asia on the rise
Ireland has risen two places in a global economic ranking, but is expected to fall over the next decade as Asian economies leapfrog those in the west. The index by the London-based think tank Centre for Economics and Business Research (Cebr) ranks Ireland 33rd in the world out of 192, up from 35th place last […]