Ireland has once again topped a league table of European countries for issuing data fines. The 2024 edition of global law firm DLA Piper’s annual GDPR and Data Breach Survey shows that supervisory authorities across Europe have issued a total of €1.78 billion in fines since 28 January 2023, which is an increase of 14.1%…

Taoiseach Leo Varadkar is in Davos for the World Economic Forum, which has so far been dominated by the conflicts in the Middle East and Ukraine. Mr Varadkar is expected to meet a number of world leaders and hold bilateral talks with the chief executive officers of several global corporations. He arrived in Davos last…

The annual rate of inflation rose in December, driven by increases in prices in areas such as restaurants and hotels, mortgage interest repayments and rents and package holidays. The Consumer Price Index climbed to 4.6% in the year to the end of December, the Central Statistics Office said today. That compares to 3.9% in the…

The Government has launched a plan to boost growth in the digital creative industries. The roadmap will focus on commercial design, digital games and content creation including advertising and commercial social media content. The plan is designed to leverage the potential of the sectors for sustainable employment, export growth and regional development. Implementation of the…

Minister for Finance Michael McGrath has said the Government will introduce flexibilities to the Tax Debt Warehousing Scheme. Speaking to RTÉ News in Davos, Mr McGrath said: “We are going to make some changes to the tax warehousing regime with a view to being as flexible as we possibly can. “We’ve been engaging with the…

Wind farms supplied a record 35% of all electricity used on the island of Ireland last year, according to the annual report of Wind Energy Ireland. This saved €1.6 billion, north and south, from having to be spent on imported gas and carbon credits that would have been required to burn it. As a result,…

Exports of goods from Ireland fell by 3% or almost €600 million in November 2023 when compared to the same time the previous year. In total, goods valued at just over €16.5 billion were exported during the month, down almost €2bn on the previous month, the latest figures from the Central Statistics Office show. When…

Hacking, phishing, online scams, and other variations of cybercrime are thought to be the most prevalent financial crimes in Ireland, according to a new survey. The study was conducted by the Compliance Institute, the professional body for compliance professionals. It found that fraud and tax evasion take joint second place as the most prevalent financial…

A new survey has shown that 38% of Irish employers will require their employees to spend more time in the office in 2024. The study from recruitment consultants Hays Ireland also shows that 58% of employers expect hybrid working arrangements to stay the same this year. The research found that, currently, 44% of employees work…

More than 1,800 new hotel rooms came on stream here in 2023, bringing total stock to an estimated 66,200, an analysis by Deloitte has concluded. But the new supply did not result in lower prices with the average room rate increasing in the three broad areas outlined in the report. The average daily rate in…