Exports hit highest ever level of €165 billion in 2021 – CSO

The value of exported goods from Ireland rose to their highest level ever last year of just over €165 billion, new figures from the Central Statistics Office show today. The CSO figures also show that cross-border trade in goods between Northern Ireland and the Republic has grown dramatically in the first full year since Brexit….

Government urged to begin public sector pay talks by May

The head of the country’s largest public service union has called on the Government to open negotiations on a new public service pay agreement by May at the latest. The General Secretary of Fórsa Kevin Callinan said that the size and timing of any pay deal will need to reflect the rising cost of living…

€1m Enterprise Ireland Competitive Start Fund open for applications

Early-stage entrepreneurs and entrepreneurial teams have been invited to apply for Enterprise Ireland’s €1m Competitive Start Fund (CSF) which is now open for applications. The competition is open to early-stage companies from all sectors with an eligible innovative product or service set for global markets. The fund will award up to €50,000 in equity funding…

Motor premium history rule may be misleading customers – broker

A requirement for motor insurers to list a customer’s previous five years’ premiums on their renewal notice, which was introduced in an effort to push premiums lower, may be having an unwanted effect. That’s according to online broker, Insuremycars.ie, which claims the change introduced three years ago is leading customers to think they are getting…

Oil hits seven year highs before easing, as Ukraine hints at concessions

Oil eased today from its highest in more than seven years as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of war. Brent crude rose 5 cents to $94.49 a barrel by 1555 GMT, after touching its highest since October…

Tánaiste leads trade mission to France

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar will today begin a trade mission to France. France is now Ireland’s closest neighbour in the European Union and is an important trading partner. Over €28 billion of goods and services are traded between the two countries every year. The Tánaiste will begin his trip…

Construction activity growth speeds up on improved demand

Growth in the Irish construction sector accelerated at the start of the year as the impact of the Omicron wave of Covid-19 subsided and demand rose. This is according to the first BNP Paribas Real Estate Ireland Construction Total Activity Index. More work and greater optimism saw construction firms increase purchasing in January – as…

Are our mortgages next in line for a price hike?

Ireland has once again risen to the top of the league table in Europe when it comes to the interest rates that we pay on our mortgages. The average first-time buyer here pays about €200 more per month than their eurozone counterparts on a similar sized mortgage. However, believe it or not, we’ve led a…

Govt defends cost of living measures amid calls for more supports

Minister for Public Expenditure and Reform Michael McGrath has said the Government recognises the latest measures to address the rising cost of living “won’t meet every need” or solve everyone’s financial problems. However, he said the Government believes it will make a “positive difference” for a very large number of people. A €200 energy rebate…

77% of B&B owners confident of recovery this year

Over three-quarters of Irish B&B owners have expressed their confidence in how the industry will perform during 2022 as Covid travel restrictions are dropped. But while the majority are optimistic about the year ahead, some remain concerned that international visitor numbers will not return to normal levels until at least 2023. B&B Ireland, the national…