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Hoteliers call for urgent action on ‘unsustainable’ insurance costs

Hoteliers call for urgent action on ‘unsustainable’ insurance costs 62% of hoteliers have seen further increases in their insurance costs over the last 12 months, according to the Irish Hotels Federation. The Irish Hotels Federation said its research shows the average increase in premiums was 28%, with the latest hike coming after substantial increases in […]

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Construction activity growth eases to four-month low in May

Construction activity growth eases to four-month low in May Activity in the construction sector eased to a four month low in May, according to the latest Purchasing Managers’ Index from Ulster Bank. The Ulster Bank Construction PMI fell to 54.9 in May, down from a reading of 56.6 in April. But despite the slowdown, the […]

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New car sales slow again in May – CSO

New car sales slow again in May – CSO The number of new private cars licensed for the first time fell again in May as imports continued to rise, new figures from the Central Statistics Office show. A total of 9,126 new private cars were licensed in May, down 2.5% from the 9,362 registered the […]

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IMF sees euro as undervalued, ECB policy support necessary – document

IMF sees euro as undervalued, ECB policy support necessary – document The International Monetary Fund believes the European Central Bank must maintain supportive monetary policy, an EU document seen by Reuters showed. The document anticipated the content of a report the IMF will present to euro zone finance ministers next week. The fund also intends […]

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Housing commencements rose by over 31% in Q1

Housing commencements rose by over 31% in Q1 New figures today show that the number of housing commencements rose by 31.6% in the first quarter of the year compared with the same time last year. The latest Housing Market Monitor, published today by Banking & Payments Federation Ireland, showed that 5,8000 housing commencements were registered […]

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ECB won’t raise rates until at least mid-2020

ECB won’t raise rates until at least mid-2020 The European Central Bank yesterday signalled that it would not raise interest rates until the first half of 2020. That compares to a previous guidance that pointed to a rate rise towards the end of this year – something that, in itself, was a delay on its […]

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Pound hits 20 week low against the euro

Pound hits 20 week low against the euro The pound dropped to a 20-week low against the euro amid weak UK data and growing fears of a disruptive Brexit weighing on the currency. The pound has dropped for four straight weeks, hit by concerns that Britain will crash out of the European Union on October […]

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Second call of online retail initiative opens

Second call of online retail initiative opens The Minister for Business, Enterprise and Innovation Heather Humphreys has opened the second call of Enterprise Ireland’s Online Retail Scheme. The Scheme, an initiative of the Government through Enterprise Ireland, offers a total of €1.25 million in funding to online retailers. The funding supports research, strategy development, implementation […]

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Housing commencements rose by over 31% in Q1

Housing commencements rose by over 31% in Q1 New figures today show that the number of housing commencements rose by 31.6% in the first quarter of the year compared with the same time last year. The latest Housing Market Monitor, published today by Banking & Payments Federation Ireland, showed that 5,8000 housing commencements were registered […]

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Ireland is close to ‘full employment’, new CSO figures show

THE economy is now close to full employment as the jobless rate slumped to just 4.4pc. This is a sharp fall from the height of the recession when it hit almost16pc. The Central Statistics Office’s latest figures show the unemployment rate stood at 4.4pc last month, down from 4.6pc in April. It was 5.6pc in […]

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