News

Residential development commencements jumped 40% last year compared with 2020, and were 19% higher than pre-pandemic levels in 2019 – according to new figures from Deloitte Ireland. The data shows that commencement notices were lodged on 24,304 units last year, in residential schemes of more than 20 units. However, Deloitte estimates that around 6,000 units […]

European stocks sank this morning as Western countries imposed tough new sanctions on Russia following its invasion of Ukraine, while soaring oil prices fed into fears of runaway inflation. Shares in London were down 1%, while the Paris and Frankfurt markets were 2% lower in early trade. The Dublin market opened 0.7% lower this morning […]

The wearing of masks in retail settings and on public transport is no longer mandatory from today. Close contact rules have also changed for everyone, except healthcare workers. Public health measures in schools – such and masks, pods and staggered arrival times – have also come to an end. The move comes almost two years […]

The European Commission is inviting comments on the commitments offered by Insurance Ireland to address competition concerns around access to a data sharing platform which the insurance body runs. EU competition regulators announced last summer that they had formed the preliminary view after a two-year investigation that Insurance Ireland breached competition rules in the motor […]

The cost of living and the price of housing are the key issues facing the economy and people’s personal finances, according to a survey by Permanent TSB (PTSB). PTSB published the latest edition of its Reflecting Ireland research series on Friday. The series polls public attitudes each quarter and includes recurring questions about how people […]

Consumer sentiment dipped in February, according to the latest survey from KBC Bank Ireland. The drop was blamed on the increase in living costs experienced by households in recent weeks, as well as rising concerns about a conflict between Russia and Ukraine. Consumer sentiment fell to 77 in February – down almost five points on […]

Minister for Finance Paschal Donohoe is “optimistic” that progress can be made on the completion of the EU banking union in the coming months, identifying it as “an important priority” for him in his role as president of the Eurogroup of euro zone finance ministers. Mr Donohoe said he was “committed” to fulfilling the mandate […]

Women, younger people and the lower paid are strongly in favour of more flexible working arrangements according to a poll carried out on behalf of the Labour Party. In a survey carried out by Ireland Thinks, 71% of respondents agreed that employees who can work remotely should have the right to do so. Some 81% […]

Mortgage approvals fell in January when compared to the previous month, but were higher year-on-year, according to data from the Banking Payments Federation of Ireland. There were 3,621 mortgages approved last month, down 6.1% on December but 7.9% higher than in January 2021. The total value of the month’s approvals stood at €932m, which was […]

A new report from the Central Bank has found that lower income, older and rural households have faced a higher than average increase in the cost of living in recent months. This is because they spend a bigger proportion of their income on heating, energy and transport, all of which have gone up sharply in […]