News

Growth in the country’s service sector slowed sharply for the second successive month in December as firms reported that a rising wave of Covid-19 infections was dampening demand, a survey found today. The AIB IHS Markit Purchasing Managers’ Index (PMI) dropped to 55.4 from 59.3 in November and 63.4 in October. The index hit a […]

The Irish advertising market recovered strongly in 2021 from the pandemic hit to spending in the previous year, according to a report from media investment company, GroupM Ireland. The report captures growth of 20% in the advertising market last year following a decline of 6% in 2020 due to the effects of the onset of […]

Asking prices for property rose by almost 10% in 2021, according to an analysis by the property listings website, myhome.ie. Asking price inflation came in at 7.4% in the capital, but at 10.6% elsewhere around the country. Quarterly prices also rose by 1.3% nationally in the final three months of the year with Dublin asking […]

The introduction of minimum pricing on alcohol in Ireland came into force today. The new law will largely affect alcohol sold in off-licences, shops, and supermarkets. A broad breakdown of the new measures shows a standard bottle of wine cannot be sold for less than €7.40 and a can of beer for less than €1.70. […]

The euro is today marking 20 years since people began to use the single European currency, overcoming initial doubts, price concerns and a debt crisis to spread across the region. European Commission chief Ursula von der Leyen called the euro “a true symbol for the strength of Europe”. European Central Bank President Christine Lagarde described […]

Irish consumer confidence dropped again in December, as concerns around Covid-19 and the cost of living intensified. The KBC Bank consumer sentiment index dropped to 74.9 from 83.1 in November – its weakest reading since February, indicating a clear deterioration in the mood of Irish consumers. December saw the third largest monthly fall since the […]

Irish consumer confidence dropped again in December, as concerns around Covid-19 and the cost of living intensified. The KBC Bank consumer sentiment index dropped to 74.9 from 83.1 in November – its weakest reading since February, indicating a clear deterioration in the mood of Irish consumers. December saw the third largest monthly fall since the […]

The Government has announced enhanced business support schemes for the hospitality and arts sectors hit by the latest restrictions. This includes reopening the Employment Wage Subsidy Scheme to new applicants and a relaxation of the turnover reduction figure for the Covid Restrictions Support Scheme scheme to 40%. There is also an extension of tax warehousing. […]

Finance Minister Paschal Donohoe said he intends to sell part of the State’s 71.12% directed shareholding in AIB Group over the next six months. The shares will be sold through a pre-arranged trading plan that will be managed by Merrill Lynch International (“BofA Securities”). BofA Securities was appointed to the role from the Department of […]