France said a US decision to quit global talks on how to tax big digital firms such as Google, Amazon and Facebook was a “provocation”. This comes as the European Union said it could impose taxes even if no deal was reached by the end of the year. The latest trade row was ignited after the…
Tag Archives: Ireland’s economy
The Deputy Governor of the Central Bank has said while the financial system is stronger than a decade ago, its resilience is not limitless. Sharon Donnery made her comment as she addressed an online presentation hosted by the Institute of International and European Affairs. She said she recognised the resilience of Irish households, businesses and the…
The number of property transactions slowed dramatically in April, according to the latest figures from the Central Statistics Office. House prices also fell last month but are marginally ahead of where they were a year ago, the CSO figures show. The CSO’s Residential Property Price Index shows that house prices nationally were 0.5% higher in…
European passenger car sales slumped in May but the drop was not as sharp as in the previous month because of an easing of restrictions imposed to contain the coronavirus pandemic, industry data showed today. In May, new car registrations dropped by 56.8% to 623,812 vehicles in the European Union, Britain and the European Free…
The draft Programme for Government includes details of a stimulus plan for the economy to be published in July. It also outlines the parameters of a National Economic Plan which will be published alongside Budget 2021. At that time, a “medium term roadmap” will be set out to plan a reduction in the budget…
Sterling steadied near two-week lows against the dollar and euro as fears of a second wave of coronavirus hit risk sentiment and global markets. Investors were also nervous ahead of a key meeting on Brexit negotiations. A fresh coronavirus outbreak in China and rising infection numbers in the United States – even as major economies…
Retailers in Dublin are reporting steady progress in opening up the city centre since Covid-19 restrictions on all shops were lifted on Monday. Today footfall was around 160,000 people, up from 100,000 on Monday. However, although footfall today was up substantially on the almost 95,000 of Wednesday last week, it is still down considerably on the 400,000 on…
A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the Covid-19 pandemic struck. But the fall was slightly smaller than first estimated, the European Union’s statistics office said. Eurostat said GDP of the 19 countries sharing the euro contracted 3.6% quarter-on-quarter for a 3.1% year-on-year fall. …
A major expansion of the Trading Online Voucher Scheme to help small and micro enterprises to get online quickly has been announced today. The scheme is being expanded by €14.2m after the Local Enterprise Offices received three years’ worth of applications in three months following the outbreak of Covid-19 here. There were 1,218 applications for…
Thousands more businesses across the country have opened their doors for the first time in nearly three months, as the second phase of the Government’s plan to get the economy moving again gets under way. All retailers with their own on-street entrances are allowed to resume in-person trade, but opening times and how they operate…