Petrol and diesel prices have decreased for the third month in a row, the latest AA Ireland fuel survey shows. Petrol dropped by two cents to €1.72 per litre in October, while diesel prices also dropped by a cent to an average of €1.66 per litre. AA noted that crude oil prices are fluctuating daily…
Category Archives: News
Media regulator Coimisiún na Meán will formally launch Ireland’s Online Safety Code following the conclusion of an assessment by the European Commission. The rules will apply to video-sharing platforms that have their EU headquarters in Ireland. The code will be legally binding, and companies will face fines of up to €20 million for breaches of…
The value of venture capital deals in Ireland dropped 59% between July and September, compared to the same period last year. Data compiled by KPMG Venture Pulse shows 28 deals worth $100.9m were closed during the third quarter. The researchers blame the performance on muted global activity in the space, which fell from a five…
Euro zone inflation slowed more than previously estimated in September, according to revised official data released today, hours before the European Central Bank cut interest rates again. Year-on-year consumer price increases in the single currency area slowed to 1.7% last month, a slight change from the 1.8% figure published on October 1, according to the…
The European Central Bank has cut interest rates for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the wider economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus for the euro zone’s central bank from bringing down…
The European Central Bank (ECB) is widely expected to cut interest rates today. If a reduction happens it would automatically benefit tracker mortgage customers and put downwards pressure on variable rates. The ECB had increased rates in an effort to reduce inflation two years ago. But latest figures show the rise in the cost of…
The Approved Housing Body sector has seen huge growth over the past ten years, the CEO of the Irish Council for Social Housing has said. Donal McManus said that the AHB sector has been “a key player in a State-wide social and affordable housing recovery.” The ICSH, which represents more than 270 member organisations, is…
Minister for Public Expenditure Paschal Donohoe has announced additional spending of €1bn above the figures published on Budget Day. The extra expenditure contained in the supplementary estimates relates to the Departments of Housing, Social Protection and Education for 2024. The measures were agreed at a Cabinet meeting today. Other additional spending had been announced earlier….
The Government has submitted a five year economic plan to the EU setting out its spending projections as part of a process of much greater oversight of Ireland’s budgets. The Medium Term Fiscal and Structural Plan says each EU Government “will commit to a binding fiscal path as well as to a set of public…
Economists expect inflation rates to stay above the European Central Bank’s 2% target in the medium term, according to a survey published by Germany’s Ifo institute today, a day before the central bank holds its next monetary policy meeting. In the euro zone, economists expect inflation to reach 2.6% this year, according to the quarterly…