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Ireland’s CAP plan approved by European Commission

The European Commission has approved Ireland’s plan for the implementation of the new Common Agriculture Policy that comes into affect in 2023. The plan had to be resubmitted to the Commission earlier this month after thef irst version was rejected last March. Among the reasons cited by the Commission at the time was the need […]

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Easing cost pressures give manufacturers a little breathing room – PMI

The pace of increase in input and output costs for manufacturers here eased to the lowest level in months in August, offering some slight relief to firms who could only eke out modest growth overall. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell to 51.1 in August from 51.8 in July, the lowest […]

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Unemployment rate back up to 4.3% in August – CSO

New figures from the Central Statistics Office show that the unemployment rate rose slightly in August, rising to 4.3% from the 21-year low of 4.2% a month earlier. The jobless rate has bounced up and down on a monthly basis this year but the falls have been greater in a tightening labour market and reduced […]

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Unemployment rate back up to 4.3% in August – CSO

New figures from the Central Statistics Office show that the unemployment rate rose slightly in August, rising to 4.3% from the 21-year low of 4.2% a month earlier. The jobless rate has bounced up and down on a monthly basis this year but the falls have been greater in a tightening labour market and reduced […]

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Competition watchdog concerned by impending concentration levels in banking market

The competition watchdog has said it is concerned by the impending increase in the concentration levels of the retail banking sector in Ireland as a result of the exits of KBC Bank Ireland and Ulster Bank. The Competition and Consumer Protection Commission (CCPC) said that while non-bank lenders have brought some new products to the […]

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Euro zone inflation rate hits new record high of 9.1%

Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before prices peak near the turn of the year. Consumer price growth in the 19 countries sharing the euro currency rose to 9.1% in August from 8.9% a month earlier. […]

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Pro Football Focus to create Irish jobs

US football analytics company Pro Football Focus (PFF) has announced its expansion into Europe with a diversification of its core products to service the US and European soccer market with its first club-focused product set to launch next month. The expansion is expected to create 21 remote full time and 175 seasonal analyst roles in […]

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Oireachtas committee to hold energy security hearing

The Oireachtas Joint Committee on Environment and Climate Action will hold a hearing today on energy security amid growing concern over the supply of electricity. Committee Cathaoirleach Green Party TD Brian Leddin said there are now “…fears of supply restrictions and even blackouts this winter”. The energy crisis in Europe has intensified in recent weeks, […]

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Firms advised to act early on moving banks

Businesses are being advised to act early if they need to establish new banking arrangements in the months ahead. With Ulster Bank and KBC Bank Ireland leaving the market here, thousands of individuals and businesses are being given six months to close their accounts with the departing banks and move their custom to another institution. […]

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Public sector pay talks set to resume at WRC

Public sector pay talks are due to resume today at the Workplace Relations Commission. Talks ended without agreement in June after unions and staff associations rejected a 5% pay increase over two years saying it fell far short of inflation. The Government defended the offer saying that the increases would come on top of a […]

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