Finance Minister Michael McGrath has today confirmed that NAMA will complete its wind-down by the end of 2025 while the Special Liquidation of Irish Bank Resolution Corporation (IBRC) is on track to “substantially” conclude by the end of this year. The National Asset Management Agency was set up in 2009 to clean the property crash […]
China’s exports sharply accelerated in the first two months of 2024, official figures showed today, providing policymakers a bright spot as they battle to revive the world’s second-largest economy. Overseas shipments have long served as a key driver of the country’s economic growth, providing vast amounts of jobs for the manufacturing sector. In January and […]
Enhanced clarity, predictability and accessibility on consumer protection obligations are among the key aims of a new Consumer Protection Code being developed by the Central Bank. As part of the process, the regulator has launched a consultation paper on its plans today. Among the proposals is a requirement for firms to incorporate customers’ interests into […]
The service sector here grew at its fastest pace in five months in February after slowing to a near standstill a month earlier, as firms reported rising levels of new business across all sectors, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) rose to 54.4 from 50.5 in January. The index […]
Minister for Enterprise Simon Coveney has received approval from the Cabinet for legislation which will allow workers to stay in their job until they reach the State Pension age, currently at 66. The General Scheme of the Employment (Restriction of Certain Mandatory Retirement Ages) Bill 2023 strikes out any mandatory retirement age which is below […]
The State collected €12 billion in taxes in the first two months of the year, new figures from the Department of Finance show. That is up 5.5% or €600 million on the same period last year. The increase was driven by income tax, excise and VAT receipts. However, the Department said a technical factor with […]
Grocery price inflation fell for the tenth month in a row in February, new figures show today, with the decline expected to continue during the rest of the year. The latest figures from global retail market analyst Kantar show that grocery price inflation fell to 4.7% in the 12 weeks to February 18 from a […]
Businesses in the retail and hospitality sectors are in line for a top-up payment of up to €3,000 in the Energy Efficiency Grant, under proposals Minister for Enterprise Simon Coveney will bring to the Cabinet. Businesses in these sectors, who employ up to 50 people, are already eligible for a capital grant of up to […]
The service sector here grew at its fastest pace in five months in February after slowing to a near standstill a month earlier, as firms reported rising levels of new business across all sectors, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) rose to 54.4 from 50.5 in January. The index […]
A new OECD report has found that there is an urgent need to take stock of anti-disinformation policies in countries around the world and to set a path for action. The study, ‘Facts not Fake: Tackling Disinformation, Strengthening Information Integrity’, warns that rising disinformation has far‑reaching consequences in many policy areas ranging from public health […]
