News

51% of Irish firms expecting ‘U’ shaped recovery

July 10, 2020By splashrecovery, Syndicated

Over 65% of global firms expect Covid-19 to have a negative impact on revenues in 2020, according to the Grant Thornton International Business Report, which provides insight into the views and expectations of more than 10,000 businesses across 29 economies. It reveals that 40% of businesses anticipate a decline of less than 20% in revenues, […]

Dublin Port volumes down in the first half of the year, but not as much as expected

July 10, 2020By splashSyndicated, trade

There was a near 11% reduction in the volume of goods passing through Dublin Port in the first six months of this year, according to figures from the Dublin Port Company. Overall port tonnage was 10.9% lower than in the same six month period last year. A first quarter decline of almost 5% – which […]

Govt urged to reduce alcohol, hospitality VAT rate to 5%

July 9, 2020By splashgovt, Syndicated

The Irish drink and hospitality sector is urging the Government to deliver a VAT reduction in the July stimulus economic plan. The call comes after the UK announced it was cutting VAT (Value Added Tax) on hospitality services from 20% to 5%. At present, there is a 13.5% VAT rate in Ireland for hotel, tourism, food and drink services. The Restaurants […]

Hotels report occupancy rates of between 23-26% for summer months

July 9, 2020By splashhotel, Syndicated

Hoteliers here are reporting occupancy rates of between 23 and 26% for the summer months, according to figures from the Irish Hotels’ Federation. This is based on confirmed bookings and compares to an average 90% occupancy over the summer months last year. The IHF said that occupancy for September, traditionally a popular time for US […]

Govt may extend rent freeze

July 9, 2020By splashrent, Syndicated

The Government will consider extending a rent freeze and moratorium on evictions which was introduced as an emergency measure at the start of the Covid 19 crisis. The measures were due to expire on July 20th, but the Minister for Housing, Darragh O’Brien, has told the Dail he will write to the Minister for Health, […]

Dramatic rise in online scams during pandemic

July 8, 2020By splashscam, Syndicated

Fraudulent emails and text messages tricking people to share personal and banking details increased during the Covid-19 crisis, according to gardaí. They have also issued a warning to ‘staycationers’ who are being targeted by cyber criminals on fake and cloned websites purporting to sell holiday equipment. The bogus websites advertise caravans, campervans and small pleasure boat sales in a bid to defraud […]

Irish economy to shrink by 8.5% in 2020 before 2021 recovery

July 8, 2020By splasheconomy, Syndicated

The European Commission has said that Ireland’s GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery. This compares with the Commission’s earlier forecast of a downturn of 7.9% for […]

House prices down 3.3% so far this year, rents up 0.2% – Daft.ie

July 8, 2020By splashhousing, Syndicated

House sale prices fell by an average of 3.3% in the year to June, according to the latest Daft.ie Housing Market Report. Daft.ie’s new monthly report looks at the health of both the sale and rental markets, with figures showing a 0.2% rise in rents nationwide in the year to June this year. The report reveals […]

Euro zone retail sales in record rebound in May as lockdowns eased

July 7, 2020By splasheurozone, Syndicated

Consumers in the euro zone returned en masse to shops in May as lockdowns were eased, estimates from the EU statistics agency showed today, signalling a sharp recovery of sales after record drops in March and April. Sales in the 19 countries sharing the euro zone rose by 17.8% in May from April, Eurostat said, […]

Irish economy to fall 8.5% in 2020 before 2021 recovery

July 7, 2020By splasheconomy, Syndicated

The European Commission has said that Ireland’s GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery. In its latest economic outlook, the Commission said that economic activity here is expected […]

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