Business News

Covid-19 adjusted unemployment rate falls to 22.5% in June – CSO

30th June 2020

The country’s unemployment rate, including those receiving temporary Covid-19 jobless benefit, fell to 22.5% at the end of June from 26.1% a month earlier, new figures from the Central Statistics Office show. Today’s monthly unemployment figures reflect the first two stages of the economy’s gradual re-opening.  The unemployment rate, which stood at just 4.8% before […]

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Extra €2.5bn to be spent on health, business supports

30th June 2020

The Dáil has agreed to spend at least another €2.5 billion on health and business supports due to the Covid-19 pandemic. Minister for Health Stephen Donnelly confirmed that an additional €2bn was required to pay for health services this year, bringing the department’s revised spending estimate for 2020 to almost €20bn. The estimate has increased by upwards of […]

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Extra €2.5bn to be spent on health, business supports

30th June 2020

The Dáil has agreed to spend at least another €2.5 billion on health and business supports due to the Covid-19 pandemic. Minister for Health Stephen Donnelly confirmed that an additional €2bn was required to pay for health services this year, bringing the department’s revised spending estimate for 2020 to almost €20bn. The estimate has increased by upwards of […]

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CCPC tells businesses to act independently on prices

30th June 2020

The Competition and Consumer Protection Commission has warned businesses that despite economic challenges, they must act independently in their commercial decisions, especially when setting prices and charges.  The warning comes on the back of engagement between the CCPC and a number of trade associations after they made public statements about new potential charges and price increases, […]

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CCPC tells businesses to act independently on prices

30th June 2020

The Competition and Consumer Protection Commission has warned businesses that despite economic challenges, they must act independently in their commercial decisions, especially when setting prices and charges.  The warning comes on the back of engagement between the CCPC and a number of trade associations after they made public statements about new potential charges and price increases, […]

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NTMA due to hold two bond auctions in third quarter

29th June 2020

The National Treasury Manangement Agency said today it plans to hold two bond auctions in the third quarter of this year. The NTMA said it will hold bond auctions on July 9 and September 10. The agency is also planning three Treasury Bill sales and these are pencilled in for July 16, August 20 and […]

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NTMA due to hold two bond auctions in third quarter

29th June 2020

The National Treasury Manangement Agency said today it plans to hold two bond auctions in the third quarter of this year. The NTMA said it will hold bond auctions on July 9 and September 10. The agency is also planning three Treasury Bill sales and these are pencilled in for July 16, August 20 and […]

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Euro zone factory downturn eased in June as lockdowns loosened

29th June 2020

The downturn in euro zone manufacturing was not as bad as initially thought last month after more economies in the bloc eased restrictions imposed to quell the spread of the coronavirus.  Over 10 million people have been infected by the virus globally and more than 500,000 have died. This lead governments to impose lockdowns and force […]

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Euro zone factory downturn eased in June as lockdowns loosened

29th June 2020

The downturn in euro zone manufacturing was not as bad as initially thought last month after more economies in the bloc eased restrictions imposed to quell the spread of the coronavirus.  Over 10 million people have been infected by the virus globally and more than 500,000 have died. This lead governments to impose lockdowns and force […]

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Manufacturing bounces back to pre-pandemic growth rate – PMI

29th June 2020

The manufacturing sector returned to growth in June after recovering almost all of the sudden deterioration seen following the coronavirus-related shutdown of most of the economy in March, a survey showed today.  The economy here has opened more gradually than much of Europe with large parts of the services sector including hotels, restaurants, hairdressers and […]

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