People count more than numbers

Euro zone banks tighten companies’ access to credit, ECB survey shows

Euro zone banks tightened firms’ access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed today, reinforcing the case for more interest rate cuts as the economy slows. Lending growth has been broadly stagnant for most of 2024 as the long-awaited economic recovery […]

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Revenue says to work with businesses hit by storm Éowyn

Revenue’s Collector General says Revenue will work with businesses negatively impacted by storm Éowyn. Joe Howley said Revenue understands that many of those impacted are not in a position to file returns because they do not have power, or may be facing longer term problems if their businesses have been damaged. “We will be pragmatic […]

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Fraudulent payments rise by 26% in 2023 – Central Bank

New research from the Central Bank shows that the total value of fraudulent payments rose by 26% in 2023, increasing to €126m from €100m in 2022. But today’s research also reveals that the rate of fraud in Ireland as a share of all transactions is low – by value and by volume the rates are […]

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Tech sector calls for Minister for Digital Delivery

Technology Ireland, the Ibec group representing the tech sector, has called for the appointment of a Minister of State for Digital Delivery. Based in the Department of an Taoiseach, the new role would have interdepartmental responsibility and would be tasked with overseeing digital policies and programmes. It is contained in Technology Ireland’s Policy Priorities Roadmap […]

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Widespread adoption of artificial intelligence in Irish businesses low – survey

Widespread adoption of artificial intelligence (AI) in Irish business remains low at just 6%, according to new research. PwC’s GenerativeAI (GenAI) Irish Business Leaders’ survey shows that 67% of respondents confirmed that they are either at the testing or partial implementation stages of AI adoption, up from 47% in June 2024. 86% of Irish business […]

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Irish investment market to top €3bn in 2025, CBRE predicts

The Irish property investment market is set to record over €3bn of transactions in 2025, according to commercial property specialists CBRE. Its latest report ‘Outlook 2025’ makes a number of predictions for each sector of the Irish property market in the year ahead. Last year, the market recorded over €2.4 billion of transactions, and CBRE […]

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UK Business Secretary leaves door open to joining European trade area

The UK Business Secretary has left the door open to joining a tariff-free trading scheme with Europe following a meeting with the EU trade commissioner in Davos. Jonathan Reynolds’ meeting with Maros Sefcovic came after the trade commissioner suggested Britain could join the Pan-Euro-Mediterranean Convention (PEM), which allows for tariff-free trade of goods across Europe, […]

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Annual house price growth slows slightly to 9.4% in November – CSO

Property prices rose by 9.4% in the 12-month period to last November, according to the latest figures from the Central Statistics Office. The figures indicate a slight moderation in the pace of acceleration, but prices are still increasing and are 16% above their peak during reached during property boom in 2007. The rate of increase […]

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