Category: Business News

The European Central Bank cut interest rates for the fourth time this year today, by quarter of a percentage point, and kept the door open to more as growth is hit by political instability at home and the threat of a fresh US trade war. The ECB has been easing policy as inflation worries largely […]

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New figures from the Central Statistics Office show that consumer prices rose by 1% in November compared to the same time last year. This marked an increase from the annual rate of inflation of 0.7% in the 12 months to October. The CSO said the biggest increases in the 12 months to November were seen […]

Read More… from Annual inflation rate rises to 1% in November from 0.7% in October – CSO

Interest rates are expected to be cut by 0.25% by the European Central Bank today. If a reduction is announced it would immediately benefit tracker mortgage customers. The cut will reduce rates from 3.25% to 3% in the eurozone. It would be the bank’s fourth decrease so far this year. The move is in response […]

Read More… from ECB set to cut interest rates for fourth time this year

Demand for green talent in Ireland grew by over 22.1% last year, well above the global average of 11.6%, according to research. The latest Labour Market Pulse published by IDA Ireland in collaboration with Microsoft and LinkedIn shows that demand for green skills in Ireland grew at twice the rate of the rest of the […]

Read More… from Demand for green skills in Ireland growing at twice the global average

Irish property prices are overvalued by 8% to 10%, according to the Economic and Social Research Institute (ESRI) in its latest Quarterly Economic Commentary. The organisation analysed the value of houses and apartments taking into account prices, disposable incomes, interest rates, the supply of housing and the ratio of population in the key house purchasing […]

Read More… from House prices overvalued by 8-10%, ESRI warns in latest economic update

Energy-related greenhouse gas emissions from transport, electricity, and heat fell 8.3% last year, according the latest report from the SEAI. They are now at their lowest level for 30 years. Energy emissions have also fallen in seven of the last ten years. The Sustainable Energy Authority of Ireland is calling for energy use in carbon-intensive […]

Read More… from Energy-related greenhouse gas emissions down 8.3% in 2023

New figures from the Central Statistics Office show a 25% decrease in the number of electric cars licensed for the first time during the first 11 months of this year compared to the same time in 2023 – continuing the trend of the last few months. The CSO said that 15% of all new cars […]

Read More… from 25% fall in new electric car sales so far this year – CSO

Bank of Ireland said it was seeing an increase in spending on its customers’ debit and credit cards as the countdown to Christmas is in full swing. The bank’s latest debit and credit card spending shows there has been a 30% increase in spending in early December compared to the same time last year. It […]

Read More… from Bank of Ireland sees 30% rise in Christmas debit and credit card spending

Power generated from wind farms met 32% of the country’s electricity demand over the first 11 months of 2024, new figures from Wind Energy Ireland shows. Wind Energy Ireland’s latest monthly wind energy report shows that despite a drop in wind power generation compared to previous Novembers, strong winds during the second half of last […]

Read More… from Wind farms generated 32% of electricity so far in 2024

Almost three quarters of Irish employers plan to recruit for permanent roles in 2025, according to new research, an 11% decline compared to 2024. The report, which was commissioned by recruitment firm Hays Ireland, found that 57% of Irish employees said that they are planning to find employment in a company that offers remote working […]

Read More… from Three quarters of Irish employers planning to recruit in 2025 – report