Category: Business News

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 […]

Read More… from Widespread adoption of artificial intelligence in Irish businesses low – survey

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 […]

Read More… from Irish investment market to top €3bn in 2025, CBRE predicts

A total of 30,330 homes were built in 2024, a decrease of 6.7% on 2023, according to figures from the Central Statistics Office. The latest figures from the CSO show the number of apartments completed in 2024 was 8,763 – a drop of 24% on the previous year. The number of single dwellings built was […]

Read More… from Number of homes built decreased 6.7% last year – CSO

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, […]

Read More… from UK Business Secretary leaves door open to joining European trade area

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 […]

Read More… from Annual house price growth slows slightly to 9.4% in November – CSO

New figures from the Central Statistics Office show that wholesale electricity prices fell by 6.2% in the month to December but were 53.9% higher compared to December 2023. The CSO said that wholesale electricity prices remain 64.7% lower than the peak that occurred in August 2022. The annual average price of wholesale electricity in 2024 […]

Read More… from Wholesale electricity prices up almost 54% in year to December – CSO

Employers group Ibec has forecast that the economy will continue to expand in 2025 with employment growing by 2.4%. It said domestic demand would grow by 3% this year and by 2% in 2026. The organisation projected that consumer spending will grow by 3.1% while investment will expand by 4.2% this year. Commenting on the […]

Read More… from Economy to expand in 2025, employment to grow 2.4% – Ibec forecasts

European Central Bank policymakers are likely breathing a sigh of relief that the new US administration did not impose the blanket trade tariffs some had feared and a rate cut next week now seems like a done deal. US President Donald Trump held back from imposing trade barriers on his first day in office yesterday […]

Read More… from Easing tariff fears cement bets on ECB rate cut next week

New figures from the Central Statistics Office show that the number of domestic Building Energy Rating (BER) audits in 2024 came to 153,558, an increase of 7% over the total for 2023. The CSO noted that this was the highest number of BERs issued for any year since 2009. Today’s figures show that the number […]

Read More… from Number of BER audits in 2024 up 7% on 2023’s total

There was “cause for hope” in the new White House administration’s approach to tariffs, Minister of State for Trade, Employment and Enterprise Peter Burke has said. Speaking in Davos where the World Economic Forum is under way, Minister Burke was referring to Howard Lutnick, co-chair of US President Donald Trump’s transition team, saying that talk […]

Read More… from ‘Hope’ in US approach to tariffs, says Burke