Category: Business News

First-time buyers are taking on more debt in proportion to their incomes than purchasers in the UK for the first time since the Celtic Tiger, according to a report by property website MyHome.ie in association with Bank of Ireland. The average mortgage loan for a house purchase has also exceeded €300,000 for the first time […]

Read More… from Homes being sold for average of 9% above asking price, report shows

The estimated annual salary of a stay-at-home parent has been calculated to be €57,140, according to new research. The analysis was carried out by pension and life insurance provider Royal London Ireland. The salary figure for a stay-at-home parent is up from an estimated €54,590 in 2023 and €40,560 in 2015, when the company first […]

Read More… from Stay-at-home parent role valued at annual salary of €57k – study

Euro zone inflation accelerated in December, an unwelcome but anticipated blip that is unlikely to derail further interest rate cuts from the European Central Bank. Inflation in the 20 nations sharing the euro picked up to 2.4% last month from 2.2% in November, Eurostat said today, in line with expectations in a Reuters poll of […]

Read More… from Euro zone inflation jumps in December on higher energy costs

Irish food, drink and horticulture exports were worth €17 billion last year, according to Bord Bia – a record high. The figure represents a 5% increase on 2023, according to its Exports Performance and Prospects Report for 2024/25. However Bord Bia said higher pricing was the primary driver of export value growth last year, with […]

Read More… from Irish food and drink exports hit record high

The average price of a second hand home rose by 8.4% last year, almost double the rate of growth witnessed in 2023, the latest residential market review and outlook from property advisors DNG shows. The latest DNG National Price Gauge (NPG) shows the annual rate of price growth nationwide strengthened in the second half of […]

Read More… from Second hand home prices rose by 8.4% last year

The services sector activity expanded slightly slower in December but growth in new business hit its fastest pace since March and optimism for the coming 12 months improved, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) slipped to 57.1 in December from 58.3 in November, but remained well above the 50 […]

Read More… from Services new business growth hits nine-month high in December

The euro zone economy ended 2024 in a fragile state, according a survey which showed overall activity contracted for a second month in a row December as a modest recovery in the services industry failed to offset a deeper downturn in manufacturing. HCOB’s final composite Purchasing Managers’ Index for the bloc, compiled by S&P Global […]

Read More… from Euro zone economy ended 2024 in precarious state, PMI shows

Corporation tax increased by 18% last year to €28bn, according to the latest Exchequer Returns from the Department of Finance. When €11bn, which has been raised so far from the Apple tax case, is included in corporation tax figures the total was €39.1bn. But the Department of Finance has warned that Ireland can not continue […]

Read More… from Corporation tax increased by 18% last year to €28bn – Department of Finance

A new survey reveals significantly lower insolvencies than expected in the last quarter of 2024 and for the entire year. PwC’s latest Insolvency Barometer shows there were 852 insolvencies in 2024, an increase of 16% on the 734 insolvencies in 2023. But the final figure for the year is significantly lower than the more than […]

Read More… from Lower than expected number of insolvencies in 2024

The National Treasury Management Agency said it plans to issue a new bond via syndication in the first quarter of the year. The NTMA also said it will hold a bond auction on March 20. The agency in November said it planned to issue between €6 billion and €10 billion in bonds over the course […]

Read More… from NTMA plans syndicated bond issue during first quarter