The News

Regulator overseeing building construction to be set up

The Government is to establish a new regulator to oversee the construction of buildings. The Buildings Standards Regulatory Authority will have powers of inspection, enforcement and will have a range of sanctions available to it. Minister for Housing Darragh O’Brien will seek Cabinet approval for the establishment of the new regulator. This step was recommended […]

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Irish firms more upbeat than euro zone counterparts

Almost three quarters of Irish medium-sized companies are predicting a positive future, the latest International Business Report from Grant Thornton reveals, better than the euro zone average. The Grant Thornton survey, which looks at the attitudes of 10,000 mid-market businesses across 28 countries, shows that 73% of Irish medium-sized companies surveyed are predicting a positive […]

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Health Service Executive recruitment freeze ends today

A recruitment freeze at the Health Service Executive is to end today after it was introduced last October. Its termination was confirmed yesterday by HSE CEO Bernard Gloster. The embargo was extended in November to include all categories of staff, with the exception of consultants, doctors in training and nurses and midwives who graduated last […]

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GDP fell by more than previously estimated in 2023 – CSO

New figures from the Central Statistics Office show that the economy as measured by Gross Domestic Product (GDP) contracted last year by more than previously estimated. The revised data shows that GDP shrank by 5.5% in 2023, compared to the original estimate of a 3.2% contraction. The CSO said the fall was driven largely by […]

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ECB to opt for summer pause after initial rate cut

The European Central Bank is expected to leave interest rates unchanged on Thursday, giving the euro zone time to digest last month’s first cut since 2019 as the inflation path remains unpredictable. ECB governors lowered the closely-watched deposit rate from a record 4% to 3.75% at their June meeting, following an unprecedented campaign of monetary […]

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SMEs lost €10m through email-related scams last year

Small and medium sized businesses lost almost €10m through email-related scams last year. The number of cases reported by SMEs increased almost 25% when compared with 2022. The figures published by FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland, show that companies were conned out of an average of €12,000. The […]

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