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EU leaders meeting for the second day of a summit in Brussels will be briefed by the European Central Bank about the risks of contagion in the banking sector. It follows the collapse of Silicon Valley Bank in the US and the subsequent takeover of Credit Suisse by UBS. ECB President Christine Lagarde will update […]

A decline in switching activity following a busy period that saw many borrowers lock in fixed rates, contributed to a fall in new mortgage lending last month according to new data. Mortgage approvals fell by 13.3% in February when compared to the same month last year, the information from the Banking and Payments Federation Ireland […]

The latest monthly Credit Union Consumer Sentiment Survey has found that 35% of consumers said they are struggling to cope with the impact of inflation on their household finances. Over 55% of respondents said inflation has caused a worsening in their financial circumstances, but they are managing to cope and just 7% said they were […]

The Department of Transport has today confirmed that the maximum private vehicle electric car grant will be set at €3,500 from July 1, down from the current maximum of €5,000. Ireland has a buoyant demand for electric vehicles and there was an 81% increase in registration of EVs last year compared to the previous year, […]

The Department of Transport has today confirmed that the maximum private vehicle electric car grant will be set at €3,500 from July 1, down from the current maximum of €5,000. Ireland has a buoyant demand for electric vehicles and there was an 81% increase in registration of EVs last year compared to the previous year, […]

The director of Technology Ireland has said recent lay-offs by technology companies shows that the sector is somewhat in a state of flux. Speaking on RTÉ’s Morning Ireland, Una Fitzpatrick said while negotiations are still going on with some companies, the expectation is that around 2,000 to 3,000 people who work in technology in Ireland […]

A new group to examine the future of the tillage sector is being established by Minister for Agriculture, Food and the Marine Charlie McConalogue. The development comes as doubts have been raised about whether the Climate Action Plan target of increasing the amount of land under tillage by 50,000 hectares by 2030 can be met. […]

A new report has cast doubt on the financial viability of renovating many vacant or derelict properties, without a significant increase in Government grants being made available. The study by the Society of Chartered Surveyors Ireland (SCSI) looked at 20 different case studies from around Ireland and found just a quarter were financially viable without […]

Minister for Finance Michael McGrath has expressed confidence in the Irish banking sector to withstand the turbulence being experienced in the global market. Mr McGrath updated his Cabinet colleagues on the banking situation this morning. Speaking afterwards, he said that the global financial system was “highly integrated” and therefore there may well be “some impacts”, […]

The European Commission wants to require companies in Europe to back up climate-friendly claims about their products with evidence, under draft rules to stamp out misleading green labels for products from clothing to cosmetics. The European Union is set to propose today new requirements on companies seeking to promote goods sold in Europe with labels […]