News

Online credit and debit card fraud rises 21%, BPFI warns

Irish consumers lost over €12 million through debit and credit card scams in the first half of last year, according to new figures published by the Banking & Payments Federation Ireland (BPFI). The data shows that online card fraud was up 21% in the first six months of 2020, reflecting the boost in online shopping […]

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Central Bank revises upwards economic growth forecast

The Central Bank has revised upwards its forecast for economic growth in the economy this year in its latest quarterly bulletin.  It says longer pandemic restrictions have slowed the domestic economy but this will be offset by greater demand for exports.  It predicts that when measured by gross domestic product, the economy will grow by […]

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Mixed reaction from business groups to Govt plans

Today’s Government announcement will provide relief for some sectors. The Irish Hairdressers Federation has welcomed the news that the industry could be allowed to reopen in May. However, it has called for further clarity on the dates involved in order to move forward. Danielle Kennedy, the Federation’s President, said while they do welcome the indication of a May […]

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House prices rise almost 8%, supply drops by 34% – Daft report

Listed house prices have increased by 7.6% on average over the past year, while the number of homes available to buy are down 34%, according to the latest report from property website Daft.ie. The average listed price in the first quarter of last year was €256,000. That has since increased to €276,000 this quarter. According to […]

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Evolve Strategic Planning Grant

The Evolve Strategic Planning Grant assists businesses to develop a strategic response to address the new trading environment with the UK The Evolve Strategic Planning Grant offers up to €5,000 in support to Enterprise Ireland supported companies to help cover expenses associated with a short assignment to determine how the company might respond to the threats and […]

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Working group over trade unions, industrial relations set for approval

The Government is expected to approve the establishment of a high-level working group to review collective bargaining rights and the industrial relations landscape in Ireland.  The proposal will be brought to Cabinet today by Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar. The group, an initiative under the auspices of the Labour Employer […]

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Govt defends absence of targets in rural development plan

The Government has defended the absence of any detailed targets and funding allocations in its new five-year strategic plan for Rural Ireland. Minister for Social Protection and Rural and Community Development Heather Humphreys said given the pandemic it would “unwise at this time” to have detailed targets on job creation in the regions. Taoiseach Micheál Martin […]

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February retail sales see monthly jump of 13.9% despite lockdown

New figures from the Central Statistics Office show that the volume of retail sales jumped by 13.9% in February compared to January even though the country remained under strict lockdown restrictions.  On an annual basis, retail sales volumes were only 3.2% lower in February compared with the same time last year when the economy was […]

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ECB must remain euro zone’s stabiliser, says Lane

The European Central Bank must remain a key stabiliser of the euro zone economy as the bloc is at risk of suffering longer-term damage from its pandemic-induced double-dip recession, ECB chief economist Philip Lane said over the weekend.  A sustained period of low activity reduces labour productivity, weakens corporate balance sheets and saps confidence, leading […]

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Ibec downgrades growth forecast for 2021 to 3.1%

Ireland’s economy will grow by 3.1% this year, employers’ group Ibec is predicting, down from the 5.3% it said it was anticipating for 2021 just three months ago. Although lower than previously forecast, the organisation thinks expansion will still be driven by an acceleration of the roll-out of the Covid-19 vaccine through the second half of […]

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