News

Minister to seek ban on oil and gas exploration

Minister for Transport, Environment and Climate Eamon Ryan will today seek Cabinet approval to introduce legislation to ban oil and gas exploration. Mr Ryan is aiming to add a provision to the Climate Action Bill to advance this change. The ending of oil and gas exploration and extraction is a commitment in the Programme for […]

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Consumer caution urged over fake ‘Irish’ websites post-Brexit

Consumer experts have warned online shoppers they should not be duped by fake ‘.ie’ websites, or they could face additional taxes and duties on what they buy. This comes post-Brexit and a month after the EU-UK withdrawal agreement became operational.  The European Consumer Centre (ECC) says people need to be aware whether the online shops they are buying from […]

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Volume of goods into Irish ports from UK down 50%

A month after the end of the Brexit transition period, authorities say the volume of goods coming into Irish ports from the UK remains at around 50% of normal.  However, the quantities of freight are continuing to gradually build week-on-week, state agencies report, with an 11% increase in movements last week compared to the previous […]

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Manufacturing sector growth slows sharply on Brexit, Covid-19

The pace of growth in the manufacturing sector slowed sharply to a three-month low in January as Britain’s exit from the European Union’s trading orbit combined with Covid-19 restrictions hit output and new orders.  The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped to 51.8 from 57.2 in December. While the index was still higher […]

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New €55m fund to aid tourism businesses hit by pandemic

A new €55m fund to assist tourism businesses that have been impacted by the Covid-19 pandemic is to be launched later today. The Tourism Business Continuity Scheme, announced by Minister Catherine Martin in last October’s Budget and administered by Fáilte Ireland, will see firms receive grants of up to €200,000. It will provide support to […]

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Public debt set to increase to €47,700 per person – Finance

The national debt stood at more than €219 billion at the end of last year, equivalent to €44,000 for every person in the country, according to a new report from the Department of Finance.  The sharp increase in public indebtedness, driven by the profound effects of the Covid-19 pandemic on the economy, is thought to […]

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Pandemic reduced greenhouse gas emissions in Ireland by almost 6% – study

Greenhouse gas emissions fell in Ireland because of the pandemic, a new study shows. The dramatic declines in economic activity and transport in 2020 translated into greenhouse gas emission reductions of almost 6%. Early estimates in a report by the Environmental Protection Agency (EPA) and Sustainable Energy Authority of Ireland (SEAI) said the reductions represent the biggest fall […]

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Rebound in mortgage lending in final months of 2020

The value of mortgage approvals in 2020 exceeded €10 billion, despite a slump in lending in the early months of the pandemic. This is according to figures for the final quarter of 2020 and the full year from Banking and Payments Federation of Ireland. A rebound in activity in the final quarter of the year […]

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Hauliers going to France urged by Govt to pre-book antigen test

The Government is urging hauliers heading to France from tomorrow onwards to pre-book antigen testing before they travel, because of the new French requirement for a negative Covid-19 test for arrivals into the country. After tonight, all commercial drivers arriving in France from Ireland will have to produce a negative test result. New, dedicated testing […]

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Business angel investing grew in 2020, despite pandemic

Business angels invested over €14m in start-ups across the island of Ireland in 2020, despite the pandemic induced restrictions throughout the year. This is according to the latest figures from HBAN, the Halo Business Angel Network.  HBAN is the all-island organisation responsible for the promotion of business angel investment, and is a joint initiative of Enterprise […]

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