The Central Statistics Office has found that a majority of companies have continued to trade through the Covid-19 pandemic. In the second of the CSO’s new Covid-19 business surveys, conducted in the week beginning May 3, 76% of companies which responded said they were continuing to trade. But 23.9% indicated they had ceased trading either…
Tag Archives: Mark Kennedy & Co.
The Labour Court is to convene virtual case hearings for the first time from 2 June in order to comply with public health guidelines on the coronavirus. The majority of currently scheduled hearings involve industrial relations matters and will be heard in private. However, in a statement, the Labour Court says it is satisfied that…
The coronavirus-hit euro zone economy probably will not return to its pre-pandemic levels until next year at the earliest, the European Central Bank’s chief economist said today. But Philip Lane said that the ECB was prepared to tweak its tools if needed. “From today’s perspective, it looks in any case unlikely that economic activity will…
France and Germany have agreed to propose creating a €500 billion Recovery Fund that would offer grants to European member states and regions hit hardest by the coronavirus crisis. In what French President Emmanuel Macron said was a “major step forward”, the two countries said they were also proposing to allow the European Commission to…
European passenger car sales slumped in April as the first full month with restrictions imposed to contain the coronavirus pandemic across the continent dragged sales to a record drop, data showed today. In April, new car registrations dropped by 78.3% to 292,182 vehicles in the European Union, Britain and the European Free Trade Association countries. This…
Dublin-based legal firm McCann Fitzgerald last year received €1.54m in legal fees from the National Asset Management Agency. That is according to new figures provided by the Minister for Finance Paschal Donohoe in a written Dáil reply to Solidarity-People Before Profit TD Richard Boyd Barrett. In the figures provided by Mr Donohoe, NAMA last year…
Irish banks expect the “biggest ever decrease” in the demand for mortgages and consumer loans as a result of the impact of the Covid-19 pandemic. That is one of the results from analysis of the quarterly Bank Lending Survey published by the Central Bank today. The Central Bank said the fall in demand will be…
There was a dramatic increase in traffic for online retailers compared to pre-Covid levels in the last week, as stores remained shut and consumers enjoyed some retail therapy online. New data compiled by digital agency Wolfgang Digital found that between May 4 and 10, internet traffic rose by 60%, and online revenues were up 162%….
Rents fell by 2.1% on average last month compared to March, reflecting the economic fallout from the Covid-19 pandemic. This represents the biggest monthly fall in rents since March 2009. The average monthly rent nationwide stood at €1,418 in the first quarter of 2020, the figures show. The latest Rental Report by Daft.ie also shows the number…
International Monetary Fund Managing Director Kristalina Georgieva said it was “very likely” the Fund would cut global growth forecasts further as the coronavirus pandemic was hitting many economies harder than previously projected. “Incoming data from many countries is worse than our already pessimistic projections,” Georgieva said during a webcast conference sponsored by the Financial Times….