News

The Government has said that no recipients of the Pandemic Unemployment Payment (PUP) will be transitioned to Jobseeker payments before October 22. It had planned to move recipients whose payment was at or had been reduced to €203 over to Jobseekers payments in September as part of the wind down plan for the scheme. “This […]

The euro zone economy grew by more than initially forecast in the second quarter of the year, revised data from the EU’s statistics office showed. Today’s figures showed that consumer spending rebounded sharply after two quarters of decline during Covid-19 lockdowns. Eurostat said today that gross domestic product in the 19 countries sharing the euro […]

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 […]