Confronted by competition from the US’s vast green tech investment plan, European leaders have opened the way towards a relaxation of their own restrictions on state aid. Meeting at their summit in Brussels, the 27 leaders agreed that a response was necessary to counter rising energy bills and the threat of unfair US competition. But…
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will receive a payment of €89.10 as the charge to fund renewables is not needed due to the high wholesale price of electricity. The payment will be made in monthly installments of €12.73 from March to September. Customers will receive the payment as a credit on their bills. Pre-paid customers will have their daily standing…
Wednesday is the most popular day of the week for employees to work from the office, according to a survey by Dublin Chamber in association with Savills Ireland. Employers record an average occupancy rate of 61% to 70% on Wednesdays, with Tuesdays (51% to 60%) and Thursdays (51% to 60%) also proving popular. Unsurprisingly, Mondays…
Deputy Governor of the Central Bank, Monetary and Financial Stability, Vasileios Madouros has said borrowers who find themselves in financial difficulty or who expect they may experience financial difficulty should contact their financial institution. In an interview with RTÉ News, the Deputy Governor said while the Bank expects ‘there will be increased financial distress’ it…
€1.6 billion worth of personal loans were drawn down last year, up almost 19% on 2021, new figures show today. The figures from Banking and Payments Federation Ireland show that €394m worth of personal loans were drawn down in the fourth quarter of last year, up 14.4% when compared to the same three month period…
€4 billion has been transferred into the National Reserve Fun by the exchequer. It follows a decision in the budget in September to bolster the State’s reserves. “On Budget day, the Government committed to putting aside additional resources, from excess corporation tax receipts to prepare the public finances for future challenges,” said the Minister for…
Non-alcoholic drinks are far from a new concept in the Irish market. 30 years ago Billy Connolly was starring in adverts for Kaliber – the non-alcoholic lager brewed by Guinness. However the market failed to develop far beyond that – and until a few years ago most pubs and off-licences would have had, at best,…
New figures from Kantar show that grocery price inflation hit 16.3% in the 12 weeks to 23 January – the highest level seen since the consultants started tracking grocery inflation. Irish households are now facing an extra €1,159 on their annual shopping bills if they do not change their behaviour to cut costs, Kantar warned….
The Cabinet will be briefed by Minister for Housing Darragh O’Brien today on plans to increase thresholds for a State-backed mortgage scheme for people who cannot get loans to buy homes from banks. The Local Authority Home Loan was launched in January of last year as party of the Government’s Housing for All strategy. The…
There has been an increase in job searches for part-time and weekend work, as well as jobs requiring no experience, according to job site Indeed. The company said the increase likely reflects the need for those normally on the outskirts of the job market, such as the long-term unemployed or younger people, to enter or…