People count more than numbers

State completes latest renewable energy auction, but at relatively high price

The State has completed the fourth auction under the Renewable Energy Support Scheme (RESS 4). The process saw more than 2GWh of capacity provisionally procured, enough to power up to half a million homes. Four wind farms will provide 1,146 GWh of that total, coupled with solar projects that will generate 925GWh. The average weighted […]

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Draft review of stamp duty does not advocate for increase in rate

A review of the stamp duty rate on the purchase of ten or more homes is not advocating for a hike in the 10% rate. RTÉ News has learned that the early draft of the Department of Finance’s review favours leaving the rate unchanged. The study of the rate commenced earlier this year following a […]

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Irish employers least likely to use AI – global survey

Irish employers are least likely to use artificial intelligence (AI) in the workplace, according to new global research. The survey of 79,000 businesses across Australia, Canada, Ireland, New Zealand, and the UK was conducted by HR firm The Peninsula Group. The research found that employers in Australia and New Zealand are the most likely to […]

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Construction PMI flat for second month in a row in August

Construction activity was flat for the second month in a row in August, according to the latest Purchasing Managers’ Index from BNP Paribas Real Estate Ireland. The construction PMI showed a reading of 50 – the no-change mark – and which was broadly in line with the figure of 49.9 posted in July. The latest […]

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New products and services to spur growth for 77% of firms

77% of companies expect to grow their business in the next five years by developing new products and services, research from Deloitte shows. The survey of 128 businesses involved in ‘Ireland’s Best Managed Companies’ programme reveals that 63% plan to increase their headcount, while 56% are planning mergers and acquisitions. Just 2% of the companies […]

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Domestic economy grew by almost 2% in first half of 2024 – CSO

The domestic economy grew by almost 2% in the first six months of this year, according to latest figures from the Central Statistics Office. Today’s CSO figures show that personal spending on good and services are continuing to grow and rose by 1.1% in the second quarter of 2024. Wages grew in the quarter by […]

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Fixed broadband subscriber lines increase 3%

Fixed broadband subscriber lines increased to 1.67 milllion between April and June, up over 3% on the same time last year. The latest data from the Commission for Communications Regulation (ComReg) reveals that over 45% of these lines were fibre-to-the-premises (FTTP). This was up from 35% the same time last year. ComReg said FTTP is […]

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Government warned by Fiscal Council over management of public finances

The State’s fiscal watchdog has issued a stark warning to the Government about its management of the public finances with less than a month to go before the last budget ahead of the general election. The Irish Fiscal Advisory Council has warned that ministers are “needlessly” adding pressure to the economy by repeatedly breaking a […]

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