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Coronavirus punches €8.3bn hole in public finances

The coronavirus crisis has punched an €8.3 billion hole in the public finances, according to the latest exchequer returns. The figures show the Government’s budget deficit – the difference between what it spends and what it takes in in taxes – swelled to €7.4 billion in July as VAT receipts crashed and spending on income […]

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Services sector grows in July for first time since lockdown

Activity in the services sector grew in July for the first time since the economy entered lockdown restrictions earlier this year, according to data from AIB. The July purchasing managers index (PMI) witnessed a modest expansion but the volumes of income new sales fell further, while employment continued to decline. The business activity index rose […]

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Opportunities offered for researchers and enterprises under Horizon 2020

Research and innovation is the bedrock of success for the most ambitious companies that scale internationally, diversify their export base and create jobs at home. A higher education sector and research ecosystem that is outward looking and internationally engaged, and collaborating with Irish companies, is of critical importance to Ireland’s place in the world and […]

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RDI Hub in Kerry marketing itself as ‘remote’ location

A NON-PROFIT hub for start-ups in Killorglin is reporting interest from firms seeking a ‘remote’ base for workers living in Kerry, Cork and Limerick. The RDI Hub – a joint venture of Fexco, IT Tralee, Kerry County Council and Enterprise Ireland – opened earlier this year in the Co Kerry town and already hosts operations […]

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Bounceback in manufacturing sector gathered pace during July

THE manufacturing sector clocked up its fastest pace of growth in almost two years in July, rebounding from the worst period of the lockdown. The pace of a recovery that was under way in June accelerated last month, according to AIB’s manufacturing Purchasing Managers’ Index (PMI). The index tracks growth and decline on index either […]

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Regulator says insurers should pay legal bills for customers’ business interruption cases

Insurance companies should pay the legal costs of customers who challenge refusal to pay out on business interruption claims, the Central Bank say. In updated guidance, the regulator said that where cover and related issues are disputed, the Central Bank expects firms to pay the reasonable costs of customer plaintiffs in agreed test case litigation. […]

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Family car costs fall due to drop in prices at the pumps

The cost of running a family car has fallen, largely due to lower fuel prices at the forecourts. The average cost of running a family car fell to €10,386, according to the AA’s annual survey of motoring costs. This is down €207.26 on last year. The biggest year-on-year change is due to an almost 10pc […]

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Opportunities offered for researchers and enterprises under Horizon 2020

Research and innovation is the bedrock of success for the most ambitious companies that scale internationally, diversify their export base and create jobs at home. A higher education sector and research ecosystem that is outward looking and internationally engaged, and collaborating with Irish companies, is of critical importance to Ireland’s place in the world and to […]

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An Post’s ‘one-stop shop’ for greener homes

An Post is to launch a “one-stop shop” for householders who are upgrading their homes to make them more energy efficient. The scheme involves a package that includes cheap loans, having the work carried out for homeowners, and applying for the grant for the consumer. The all-in-one approach will mean that those taking a loan […]

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Coronavirus plunges Europe’s leading economies into historic recessions

The coronavirus pandemic has plunged Europe’s leading economies into historic recessions, figures published on Friday showed. France and Spain both reported double-digit quarter-on-quarter falls in economic output in the three months to June. The figures came after both the US and Germany on Thursday reported a loss of about a tenth of their gross domestic […]

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