Category: Business News

There was a drop in the amount of office space leased in Dublin in the first quarter of the year, new data shows. Research from commercial real estate company JLL Irelands shows that 31 deals were completed, across 96,000 sq. ft of office space. The volume of space is down 44% on the previous quarter […]

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The Government has published a bill which will pave the way for 800,000 workers to be brought into a pension scheme for the first time. Publishing the Automatic Enrolment Retirement Savings System Bill 2024, Minister for Social Protection, Heather Humphreys said this represents one of the biggest reforms of the pension system in the history […]

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Gardaí have said over €25 million was stolen in investment fraud last year, a crime which has increased by over 90%. Almost 1,000 people have reported an investment fraud incident to gardaí over the past four years. Gardaí issued a warning to people to be particularly careful when considering potential investments. More than double the […]

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Euro zone inflation fell unexpectedly last month, solidifying the case for the European Central Bank to start lowering borrowing costs from record highs. Consumer price growth in the euro zone slowed to 2.4% in March from 2.6% a month earlier, defying expectations for a steady rate as food, energy and industrial goods prices all pulled […]

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The average cost of settling public and employer liability claims through the Injuries Resolution Board dropped by a third in 2022 compared to 2020, according to a new report. However, average insurance premiums increased by 8% in 2022. The data is in the latest National Claims Information Database (NCID), published by the Central Bank. New […]

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The service sector grew at its fastest pace in eight months in March, new figures show. The latest AIB Purchasing Managers’ Index (PMI) reveals that the index reached 56.6, up from 54.4 in February. Readings above 50 indicate overall growth in activity. “The acceleration in activity was broad-based and points to improving business conditions throughout […]

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The European Central Bank could start cutting interest rates in June as inflation may fall quicker than expected but should not get too far ahead of its US counterpart, as that diminishes the potency of easing, Austrian policymaker Robert Holzmann said. Euro area inflation has tumbled over the past year and economic growth stalled, shifting […]

Read More… from ECB’s Holzmann says warming to June rate cut but keeping an eye on Fed

Several of Ireland’s largest trade union groups have joined forces calling for a major reform of workers’ rights. The Respect at Work campaign says there should be cross party-political support guaranteeing greater protections for employees in the workplace. SIPTU, the Financial Services Union, Mandate Trade Union and the Communication Workers’ Union are all backing the […]

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Annual inflation in Ireland fell below the euro zone-wide target of 2% for the first time in almost three years after slowing to 1.7% in March, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office shows. Irish inflation peaked at almost 10% year-on-year in the middle of 2022 […]

Read More… from Inflation falls below 2% for first time since June 2021 – flash CSO reading

The manufacturing sector contracted in March after briefly returning to growth a month earlier, a survey showed today, with confidence among firms also slumping to the lowest level in more than three years. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell back below the 50 mark denoting growth to 49.6, compared with 52.2 […]

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