Archive for January 2023

The European Central Bank must raise interest rates to a level that starts to restrict growth and their peak will depend on how the economy responds to the most rapid policy tightening cycle on record, ECB chief economist Philip Lane has told the Financial Times. The ECB has raised rates by a combined 2.5 percentage…

A number of agencies will come together to promote the north west with some of the region’s biggest employers at an event in Dublin next month. The goal of the event, which will take place on 9 February in the Westbury Hotel, is to get the message out to professionals based in Dublin and the…

Nearly 3,500 net new jobs were created by companies supported by Local Enterprise Offices (LEOs) around the country last year despite the economic challenges. In total 7,870 new roles were added over the 12 months before jobs lost were taken into account, a 10% increase on the previous year. The gains marked the ninth consecutive…

New movies starring Liam Neeson, Kerry Condon, Sarah Greene and Russell Crowe were some of the big winners in the Revenue Commissioners’ Section 481 film corporation tax credit scheme for the Irish movie and TV production sector last year. New figures provided by the Revenue Commissioners show that the value of payments made under the…

The Chief Executive Officer of Enterprise Ireland has said that Ireland was uniquely placed to do well in global markets, but reaching an agreement on the Northern Ireland Protocol was important. Speaking on RTÉ’s The Business programme, Leo Clancy added that the aim of Enterprise Ireland is that at some point it will no longer…

All counties saw an increase in the number of people on the Live Register in the 12 months to December All counties saw an increase in the number of people on the Live Register in the 12 months to December The number of people signing on the Live Register increased marginally in December, by 300…

€9.5m has been approved for payment so far under the Government’s €1.3 billion Temporary Business Energy Support Scheme (TBESS). The scheme was announced as part of Budget 2023 to help businesses cope with the recent rises in energy costs. It provides qualifying businesses with up to 40% of the increase in electricity or gas bills…

The number of new electric cars licensed for the first time in 2022 increased by 81% to 15,462 compared with the previous year, according to figures from the Central Statistics Office. Overall, 101,349 new cars were licensed last year, a slight decrease compared with 2021. The CSO said the number of used cars licensed last…

Irish people are changing their shopping behaviour and their attitudes toward food and drink, according to detailed new consumer research prepared for Bord Bia. The research shows more people are shopping for essentials, meat purchases are being cut except for chicken, and consumers say shopping lists are more important in recent months. Throughout last year…

The value of Ireland’s food, drink and horticulture exports increased by 22% last year to reach a new record high of €16.7 billion. Bord Bia’s Export Performance and Prospects report shows the significant increase in food and drink exports, up €3 billion since last year and almost 30% on pre-pandemic levels, can be attributed to…