New research has found that many Irish financial services firms are not aware of a European Union system that is designed to help companies, investors and policymakers to figure out which economic activities are sustainable for the environment. The EU’s Taxonomy Regulation aims to assist those involved in business to make educated choices about product…
Small and medium sized companies here are struggling to find adequately skilled individuals to fill a variety of roles, a Chambers Ireland Skills Gap survey has found. Nine in ten respondents said they were facing significant challenges in recruiting employees with the right skills and qualifications. Chambers Ireland conducted the survey to coincide with the…
The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed today. Industrial production in the 20 nations sharing the euro expanded by 0.5% on the month, beating expectations for a 0.2% rise. Gross domestic product was…
Greenhouse gas emissions in the European Union fell by nearly 3% in the first quarter of 2023, even as the bloc’s economy grew slightly, statistics agency Eurostat said today. The EU’s emissions over the January to March quarter amounted to 941 million metric tonnes of CO2 equivalents, down 2.9% from a year earlier, while the…
Residential property prices recorded their first monthly increase this year in June, growing by 0.6% compared to May, new figures from the Central Statistics Office show. But annual residential property price inflation slowed again to 2.2% in June from 2.6% in May, the CSO added. Property prices in Dublin were 0.9% lower on an annual…
The stock of second-hand homes available on the market has reached a historic low, according to estate agents Sherry FitzGerald. Its analysis shows that there were 13,750 homes – excluding new builds – listed for sale in July, representing just 0.7% of the entire private housing stock in the country. Sherry FitzGerald says it amounts…
A new consumer survey shows that 44% of respondents now work from home online at least one day a week. The Commission for Communications Regulation’s latest Broadband Connectivity consumer survey also shows that a third of respondents work from home online at least three days a week. ComReg noted that working from home online is…
New figures from the Central Statistics Office figures show that the country’s unadjusted exports increased by €1.8 billion to €19.5 billion in June compared with the same time last year. When seasonally adjusted, exports of goods grew by more than €2.4 billion compared with May, the CSO said. Today’s figures show that unadjusted imports for…
Growing and serious delays in the conveyancing process are leading to property sales falling through, estate agents are reporting. A survey conducted by the Institute of Professional Auctioneers and Valuers (IPAV) has found that four out of every five agents say they have seen sales fail because of the problem. 26% said it occurred frequently,…
The Irish economy will continue to outperform its EU peers, according to the Mastercard Economics Institute, as consumer fundamentals remain strong. It said Irish consumers have been relatively resilient despite the huge inflation shock. A tight labour market with strong employment growth and historically low unemployment at 3.8% in June has supported the economy. Mastercard…