Posts By: admin

Fiscal Council issues warning over Government’s budget plans

Fiscal Council issues warning over Government’s budget plans The Government will have just €600 million to either increase spending or reduce taxes in October’s budget once existing commitments are taken into account, the State’s independent finance watchdog says. According to the Irish Fiscal Advisory Council (IFAC), if the Government sticks to its plans, a total… Read more »

Average annual earnings rise by 3.3% to €38,871 in 2018

Average annual earnings rise by 3.3% to €38,871 in 2018 Average annual earnings increased by 3.3% to €38,871 in 2018 from €37,637 in 2017, new figures from the Central Statistics Office show. The CSO said this compares to an annual increase of 1.9% in 2017 from €36,933 in 2016. Today’s figures show that average annual… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »