Business News

ECB announces measures to kick start euro zone economy

16th September 2019

ECB announces measures to kick start euro zone economy The European Central Bank today promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory, an effort to prop up the ailing euro zone economy. The moves come in the final weeks of ECB President Mario Draghi’s mandate. They will […]

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France urges EU rules on cryptocurrencies, warns of Libra risks

16th September 2019

France urges EU rules on cryptocurrencies, warns of Libra risks The European Union should create a common set of rules for virtual currencies, currently largely unregulated in the bloc, to counter risks posed by Facebook’s cryptocurrency Libra, France’s Finance Minister said today. The 28-nation EU does not have specific regulations on cryptocurrencies. So far cryptocurrencies […]

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Economy grows by 0.7% in Q2 as Q1 growth revised upwards

16th September 2019

Economy grows by 0.7% in Q2 as Q1 growth revised upwards The economy – when measured by gross domestic product – grew by 0.7% the second quarter of this year compared to the first quarter, new figures from the Central Statistics Office show today. On an annual basis, the economy grew by 5.8%, the CSO […]

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Higher rents and mortgages push inflation higher

13th September 2019

The annual inflation rate in August rose to 0.7% from 0.5% a month earlier, new figures from the Central Statistics Office show. Inflation had risen above 1% year-on-year for the first time in six years in March but slipped back below that level in July. August saw consumer prices rising on the back of higher […]

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Minister to write to 220,000 businesses over Brexit

13th September 2019

The Minister for Business is to write to 220,000 companies all over the country to highlight the need for the them to take urgent action to protect their businesses against the risks posed by Brexit. The letters will be issued through the Companies Registration Office and will tell firms about the supports that are available […]

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Better to preserve resources than cut taxes in Budget 2020 – Donohoe

12th September 2019

Better to preserve resources than cut taxes in Budget 2020 – Donohoe Minister for Finance Paschal Donohoe has said it will be far better off preserving resources to deal with the possibility of a no-deal Brexit, rather than reducing taxes in Budget 2020. Yesterday, Cabinet agreed to base Budget 2020 on the assumption that there […]

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€9.8m worth of tax settlements were made in the second quarter according to Revenue

12th September 2019

€9.8m worth of tax settlements were made in the second quarter according to Revenue A website consultant from Dublin must pay Revenue €888,619 in under declared income tax, as well as interest and penalties as a result of a settlement arising from an audit. The case, concerning Michael P Doyle from 34 Dartmouth Road in […]

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IFAC urges Budget caution over Brexit, global risks

12th September 2019

IFAC urges Budget caution over Brexit, global risks The Irish Fiscal Advisory Council has urged the Government not to rely on surges in corporation tax to cover spending overruns. In its pre-Budget statement, the economic watchdog has said the Government should be cautious because of the risks associated with Brexit and a “worsening outlook” in […]

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Nervous bondholders switch from Irish debt

10th September 2019

Nervous bondholders switch from Irish debt Investors in Ireland’s bonds are sitting on double-digit returns this year after a global debt rally and are now starting to get nervous. In Ireland’s case, the UK’s political turmoil means a no-deal Brexit could spark worries over credit risks. So far Irish debt has been relatively immune to […]

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Sterling rebounds on data surprise, Brexit hopes

10th September 2019

Sterling rebounds on data surprise, Brexit hopes Sterling rebounded from early lows today and headed towards a five-week high as surprisingly strong data and growing optimism that Britain will not crash out of the European Union without a deal boosted demand for the British currency. Against the dollar, the pound gained 0.6% to $1.235 after […]

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