Business News

Chinese firms’ investment in Ireland surges by 200pc to €87m

15th January 2019

Investment by Chinese companies here has surged more than 200pc over the past year, amid trade tensions between Beijing and Washington, while Irish companies are seeking a greater foothold in the world’s fastest-growing major economy. According to analysis from consultants Baker McKenzie and Rhodium Group, completed Chinese investment here hit $100m (€87m) in 2018. The […]

Read More

Petrol prices at the pump fall to 16 month low – AA

15th January 2019

The AA’s monthly fuel prices survey found that the average cost of a litre of petrol hit a 16 month low in January. The AA said the average cost of a litre of petrol is 132.9 cent – the lowest level since August 2017 – and down from 136.9 cent in December 2018. Diesel costs […]

Read More

AIB: give landlords a break and extend help-to-buy scheme

14th January 2019

AIB has called on the Government to level the playing field between private landlords and their institutional counterparts. The State-owned bank also urged Finance Minister Paschal Donohoe to extend the help-to-buy scheme beyond 2019 as soon as possible to avoid an “inevitable scramble” by prospective buyers ahead of October’s budget. In its second annual report […]

Read More

Investments that may stand to you in 2019 as economy slows

14th January 2019

Investor pessimism is high this New Year. The dismal performance of a number of stock markets in 2018 disappointed many. Trade wars, Brexit and rising interest rates weighed heavily on investors’ minds – and continue to do so. One of the biggest concerns on investors’ minds today though is whether or not we’re on the […]

Read More

Truck drivers express worries over no-deal Brexit

14th January 2019

Irish hauliers are deeply concerned that a no-deal or hard Brexit will lead to unworkable delays at UK ports. They are already delivering huge quantities of non-perishable goods which are being stockpiled in both Ireland the UK amidst fears of Britain crashing out of the EU. Speaking on RTÉ’s The Week in Politics on the […]

Read More

What are the big economic trends on the way in the next decade?

11th January 2019

Opinion: here’s how the US economy, Chinese growth, oil prices, globalism, unemployment and Brexit will affect our world At the start of the year, there is great interest in making predictions. But instead of making short term predictions for 2019, what are some of the big trends which may dominate the next five to ten […]

Read More

Promised reform in insurance sector is ‘incomplete’ – Insurance Ireland

11th January 2019

The insurance industry in Ireland has expressed concern about what it calls a lack of urgency in delivering key reforms in the sector that are aimed at reducing claims costs. Insurance Ireland says promised reform is incomplete and inaction is costing policy-holders. The call for progress comes exactly two years on from the publication of […]

Read More

Consumer sentiment unchanged in December – survey

11th January 2019

Consumer sentiment was unchanged in December from November, as concerns about the economic outlook appeared to be offset by improved personal finances and end-of-year spending. The Irish economy is on course to be the best performer in the European Union for the fifth consecutive year. But concern about the vulnerability of the economy to an […]

Read More

Ireland’s forestry industry comes together to meet Brexit challenge

10th January 2019

Ireland plants almost 30 million trees a year, or 80,000 trees a day. The country’s forest and timber companies have competed very successfully against each other for many years, but since its biggest export market is the UK, Brexit has acted as a catalyst to bring the industry together to meet the challenge. Forest Industries […]

Read More

Enterprise Ireland warns 600 companies vulnerable to a hard Brexit

10th January 2019

The number of people employed in companies backed by Enterprise Ireland (EI) rose last year to a record high of more than 215,000. But the agency has warned that Brexit poses serious challenges for indigenous Irish businesses, particularly those involved in exporting, and those effects had yet to be seen “However, as the March 29 […]

Read More