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The incoming government intends to cut the VAT rate to 9% for food-based hospitality, entertainment and hairdressing in the next budget. It is also understood the new programme for government will contain a commitment to continue work on enacting the Occupied Territories Bill. The move follows commitments in the document, which will be published later […]
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The Sustainable Energy Authority of Ireland (SEAI) has said it disbursed a record €616 million in grants and supports for energy upgrades and clean energy projects last year. This represented a 13% increase in activity by the national energy authority in 2024. Two thirds of the funding, or €420 million, was allocated to 54,000 home […]
Read More… from SEAI pays record €616m in grants for energy upgrades and projects in 2024
There has been a 40% drop in public liability claims between 2019 and 2023, the body which resolves personal injury claims has said. The development follows the introduction of new guidelines in 2021 recommending lower awards for many injuries and new anti-fraud measures. Close to half of all trip, slip and fall accidents occurred on […]
Read More… from 40% drop in public liability claims in past four years
New figures show that, as expected, Monday 23 December was the most popular shopping day of 2024, with consumers spending €107m on that one day alone, an increase of €11.9m on the busiest trading day in 2023. The latest figures from Kantar show that take-home value sales over the four weeks to 29 December increased […]
Read More… from Grocery sales hit €1.4 billion over record-breaking Christmas
The US government said it would further restrict artificial intelligence chip and technology exports, divvying up the world to keep advanced computing power in the US and among its allies while finding more ways to block China’s access. But Ireland and a number of other countries including the UK and the Netherlands will essentially be […]
Read More… from Ireland to be exempt from new US rules on AI chip exports
China’s exports gained momentum in December, with imports also showing recovery, though strength at the year-end was in part fuelled by factories rushing inventory overseas as they braced for heightened trade risks under a Trump presidency. Exports have been a vital growth engine for the $18 trillion economy, which is still burdened by a prolonged […]
Read More… from China exports accelerate amid trade tensions, imports surprise
Taoiseach Simon Harris has said that plans remain on track for the partial reopening of Holyhead Port next Thursday. Mr Harris spoke by phone with Welsh First Minister Eluned Morgan earlier. Speaking to media afterwards, Mr Harris said that while Holyhead Port will have to make adjustments to its schedule, it hopes to operate the […]
Read More… from Plans on track for partial reopening of Holyhead Port – Taoiseach
Irish food and drink makers feel “broadly positive” about current economic conditions, but the mood is slightly less positive than other industries, and likely to turn more negative in the months ahead. That is according to Food Drink Ireland, which is part of business group Ibec. Food Drink Ireland’s latest report found that 58% of […]
Read More… from Costs a concern for food and drink manufacturing firms
New figures from Banking and Payments Federation Ireland (BPFI) show that first-time buyer mortgage approvals hit a record high last November. BPFI said that first-time buyer volumes rose to 31,049 in the 12 months ending November 2024, while the value of these approvals was almost €9.5 billion. A total of 4,400 mortgages were approved in […]
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875 corporate insolvencies were recorded last year – the highest number since 2016. New figures from Deloitte show that SMEs continue to be the worst affected. The services sector recorded the highest number of insolvencies, followed by hospitality and retail. There was a significant increase in the retail and hospitality sectors, up 64% and 48%. […]
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