Category: Syndicated

Ireland’s €9.2 billion sovereign investment fund has almost doubled its total investment gains in eighteen months. The Ireland Strategic Investment Fund – which has a mandate to invest on a commercial basis to support economic activity and jobs – generated an investment return of €450 million in the first half of 2021. It brings to […]

A new targeted Government funded support scheme, aimed at assisting vulnerable but viable businesses whose earnings have collapsed due to Covid-19 restrictions, has opened for applications. Under the Business Resumption Support Scheme (BRSS) registered firms can claim a single payment equivalent to three times their average weekly turnover in 2019. Businesses availed of other schemes […]

The Covid-19 pandemic has cost the tourism sector here €13.4bn and 100,000 jobs have been lost as a result, a new report claims. The study by the Irish Tourism Industry Confederation (ITIC) says the reduction of overseas visitors has cost the industry €8.1bn since 2019, with lost fares to Irish carriers accounting for €3bn. The […]

Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report. The independent research body is co-financed by the European Union. It said disclosures from 36 major European banks showed they […]

Enterprise Ireland’s first in-person trade mission since the onset of the Covid pandemic starts today in London, before moving on to Paris and Berlin. The three day mission is being led by Tánaiste and Minster for Enterprise Leo Varadkar. It is also the first physical trade mission since the new post-Brexit trade agreement between the […]

An increase of €10 per week in core social welfare rates, enhancing the support grant for carers and a single rate state pension are among the measures being called for by Social Justice Ireland in its pre-Budget submission. As well as increasing welfare payments, SJI is urging the Government to commit to benchmarking core social […]

Fáilte Ireland is launching a campaign aimed at attracting workers into the tourism and hospitality industry. The recruitment marketing and awareness campaign is targetted at both jobseekers and businesses. Around nine out of every ten businesses in the sector say they have had difficulty in recruiting new staff with just over two thirds saying they […]

The Irish services sector continued to grow strongly in August, according to AIB’s Purchasing Managers’ Index. The monthly measure of activity in the sector shows further rapid increases in both new and outstanding business last month. While total services output expanded at a slower rate than in July, it was still the second-strongest since the […]

New figures from the Central Statistics Office show that the economy – as measured by Gross Domestic Product – grew by 6.3% in the second quarter of 2021 compared to the first three months of the year. On an annual basis, GDP showed growth of 21.6% in the second quarter, the CSO said, as the […]

The Government will today launch its housing plan titled Housing for All, with the multi-billion euro strategy set to detail guaranteed spending plans for the next five years. Minister for Housing Darragh O’Brien is also expected to announce planning exemptions to develop homes above shop and business premises. The long-awaited plan commits to a €4 […]