Categorized as: Syndicated News

Ireland’s forestry industry comes together to meet Brexit challenge

Ireland plants almost 30 million trees a year, or 80,000 trees a day. The country’s forest and timber companies have competed very successfully against each other for many years, but since its biggest export market is the UK, Brexit has acted as a catalyst to bring the industry together to meet the challenge. Forest Industries […]

Enterprise Ireland warns 600 companies vulnerable to a hard Brexit

The number of people employed in companies backed by Enterprise Ireland (EI) rose last year to a record high of more than 215,000. But the agency has warned that Brexit poses serious challenges for indigenous Irish businesses, particularly those involved in exporting, and those effects had yet to be seen “However, as the March 29 […]

Brexit preparation – is business ready for the unknown?

The Kayfoam factory in Bluebell in Dublin is a labyrinthine complex of large warehouse units packed with noisy high-tech machines pumping out, shaping and sizing huge blocks of foam under the watchful eye of a team of busy staff. The blocks are then quickly fashioned into mattresses and other foam based bedding materials like pillows, […]

Jobless rate remains unchanged at 5.3% in December

The rate of unemployment remained at a 10-year low of 5.3% in December, new figures from the Central Statistics office show today. The CSO said the seasonally adjusted number of people who were unemployed in December stood at 127,100, a decrease of 20,000 when compared to December 2017. The country’s unemployment rate has fallen from […]

Monthly retail sales edge 0.1% lower in November

New figures from the Central Statistics Office show that the volume of retail sales edged 0.1% lower in November on a monthly basis. But retail sales were up 3.6% on an annual basis, the CSO added. The figures were lower than expected. When car sales are excluded, the CSO said that monthly retail sales rose […]

NTMA to open 2019 fund raising with 10-year bond deal

The National Treasury Management Agency has hired a syndicate of banks and brokers to sell a new 10-year bond that a market source said was likely to raise around €3 billion. That potentially could cover a fifth of the NTMA’s annual funding needs. The NTMA has kicked off its funding drive with a syndicated sale […]

Employers’ body says economic growth will be lower this year

Employers’ group Ibec says economic growth will be lower this year as a result of Brexit but also because the economy is at a mature phase of the business cycle. The group also warns that a shortage of workers is already starting to have an effect on companies. Ibec says growth will be around 4% […]

Credit unions set for higher interest rates on loans

The Minister for Finance has asked officials to begin preparing legislative changes needed to allow credit unions charge higher interest rates on loans and financial products. If approved, the move would see the cap on interest rates rise from 1% per month to 2%. But flexibility would also be introduced to allow the interest rate […]

Revenue sees Local Property Tax compliance rate of 97%

A total of €482m has been paid by households in Local Property Tax to Revenue for 2018. This includes about €2m in household charge arrears. Revenue also reported a high compliance rate of 97%, which is in line with previous years. Today’s figures from Revenue show that Carlow was the most compliant county when it […]

May faces battle to save Brexit deal as Commons vote looms

British Prime Minister Theresa May will continue efforts to win over Conservative critics of her Brexit deal as MPs return to Westminster, but both wings of the party warned that the plan is unlikely to receive support. As the Commons returns from its Christmas break, Mrs May is expected to step up efforts to woo […]