Author: splash

80% rise in home energy upgrades last year – SEAI

The Government supported almost 27,200 home energy upgrades or retrofits last year through the Sustainable Energy Authority of Ireland. The SEAI says this is an 80% increase on 2021. The National Retrofit Plan has set a target of 500,000 homes upgraded to a B2 energy rating by 2030. Cutting emissions from heating homes is key […]

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EU leaders to focus on risk of banking contagion

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 […]

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Decline in switching activity leads to drop in new mortgage approvals in February

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 […]

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35% of consumers struggling to cope with inflation – study

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 […]

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Electric car grant to be cut to €3,500 from €5,000 from July

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, […]

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Electric car grant to be cut to €3,500 from €5,000 from July

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, […]

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Tech sector in a ‘state of flux’ as job cuts continue

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 […]

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Govt to set up tillage group amid doubts on land targets

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. […]

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Many vacant home refurbishments unviable unless grants rise – report

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 […]

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McGrath confident Irish banking sector can withstand global turbulence

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”, […]

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