Business News

Industrial & logistics sector sees spike in demand – Savills

14th January 2021

New research from property advisor Savills Ireland shows that demand in Dublin’s industrial and logistics sector was up in the final quarter of 2020. Savills noted demand for 87,318 metre squared of industrial and logistics space during the fourth quarter, up 5% on that same period the previous year. There were 47 transactions in total, 68% of which were […]

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Irish mortgage interest rates joint highest in euro zone

14th January 2021

Ireland and Greece had the joint highest mortgage interest rates across the euro area in November, new figures from the Central Bank show. The Central Bank said the average interest rate on new mortgages in Ireland stood at 2.79% in November.  This compared to the average for the euro area of 1.31% in November, although […]

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Irish mortgage interest rates joint highest in euro zone

14th January 2021

Ireland and Greece had the joint highest mortgage interest rates across the euro area in November, new figures from the Central Bank show. The Central Bank said the average interest rate on new mortgages in Ireland stood at 2.79% in November.  This compared to the average for the euro area of 1.31% in November, although […]

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76% of imports into Dublin Port clearing without delays

13th January 2021

Revenue has said that 76% of goods being imported through Dublin Port from the UK are now being given green clearance, which is up from 45% one week ago. Speaking at a multi-agency Brexit briefing at Dublin Port, Tom Talbot, Head of Customs Operations at the port, said the remaining 30% are being routed to orange […]

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Ireland to receive €1bn from EU’s post-Brexit fund

13th January 2021

Ireland is due to receive over €1 billion from the European Union’s Brexit fund, set up to help member states most affected by Britain’s departure from the bloc. The announcement was made by Minister for Foreign Affairs Simon Coveney. The funds are part of the so-called Brexit Adjustment Reserve, worth more than €5 billion, agreed in […]

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Some food and drink exports hit hard by Covid-19 pandemic

13th January 2021

Some sectors of Ireland’s valuable food and drink industry were severely affected last year as a result the global Covid-19 pandemic. The extent of the decline is highlighted in the annual Bord Bia Performance & Prospects 2020/2021 Report, which will be published today by Minister for Agriculture Charlie McConalogue. Food and drink exports overall declined by just […]

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Record €1.2 billion spent on groceries in December – Kantar

12th January 2021

New figures show that the average shopper spent €134 more on groceries in December last year than they did in December the previous year.   The latest figures from Kantar show that grocery sales in Ireland rose by 17% in the 12 weeks to December 27.  A record-breaking €1.2 billion was spent on groceries in […]

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People unable to work due to childcare may be eligible for PUP

12th January 2021

Workers unable to go to work due to a lack of childcare triggered by Covid-19 closures may be eligible to claim the Pandemic Unemployment Payment, according to the Department of Social Protection. In a tweet, the Department said: “Workers affected by lack of childcare should engage with their employer with a view to exploring all […]

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Banks to create payment app to rival Revolut and N26

12th January 2021

Four of the five main Irish retail banks have notified the competitor regulator of plans for an app based payment system that would enable consumers to move money between each other with ease. If developed, the system would allow bank customers to transfer funds in much the same way as users of fintech services like […]

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Strong rise in housing activity drives construction sector growth in December

11th January 2021

The construction industry finished 2020 in expansion mode on the back of strong levels of housebuilding, the latest Ulster Bank’s Construction Purchasing Managers Index shows. The Ulster Bank construction PMI posted a reading of 52.3 in December, down from 53.5 in November but above the 50 no-change mark for the second month in a row […]

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