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EU Commission opens door for government to tackle cost of living crisis
1+ week, 23+ hour ago (863+ words) The Government is under mounting pressure to tackle the spiralling cost of living after the EU Commission announced plans for a major relaxation of state aid rules, writes Craig Hughes. The EU move will enable countries to use public funds…...
Government expects economy to keep growing if war goes on
1+ week, 2+ day ago (242+ words) The government expects that the economy will continue to grow even in the "severe" event of a protracted conflict in the Middle East. The Department of Finance's Spring Economic Statement will be be published later today (21 April) and will set…...
Energy shock to push inflation higher as Government warns of rising risks
1+ week, 2+ day ago (517+ words) Ireland's economic outlook has been revised against the backdrop of a renewed global energy shock, with the Government warning that higher prices and geopolitical uncertainty will weigh on growth in the near term. In its latest Summer Economic Statement, the…...
Tech sector drives Irish services growth in February
2+ week, 6+ day ago (168+ words) The value of all services fell by 1. 6% in February when compared with January while increasing 10. 5% year-on-year, the Central Statistics Office (CSO) has said. In volume terms, services declined 1. 8% month-on-month and increased 8. 8% from last February. The annual increases were driven by…...
Mortgage rates stable in February as gap to eurozone narrows
3+ week, 1+ day ago (399+ words) Interest rates on new mortgage agreements rose marginally to an average of 3. 51% in February, new Central Bank figures show. Over the past year, mortgage rates have fallen 28 basis points. Ireland has the seventh-highest mortgage rates in the eurozone, the area…...
Chief economist warns: All roads lead to inflation
3+ week, 1+ day ago (401+ words) The T'naiste has played down recession fears, saying: "This is not 2008," writes Brian Mahon. However, the chief economist in the Department of Finance, John Mc Carthy, said it was "impossible" to "assign any probability to a recession," adding that whatever…...
Business growth slumps amid war
3+ week, 2+ day ago (302+ words) Business growth has slumped to "one of the weakest rates over the past five years" on the back of the war in the Middle East, new figures show. New business growth "moderated" as inflation surged sharply to a three year…...
Global recession fears grow as energy bills rise
3+ week, 2+ day ago (578+ words) Fears are growing that ongoing attacks on Iran will trigger a global recession, writes Ken Murray. A majority of voters surveyed are fearful that an economic downturn will take place within the next year or so, a weekend poll revealed....
Corporate insolvencies rise in Q1 as voluntary liquidations return to 'natural levels"
1+ mon, 32+ min ago (532+ words) Corporate insolvencies rose 3% year-on-year in the first quarter, figures from Deloitte show. There were 213 corporate insolvency appointments in Q1, up from 206 in the same period of 2025 and consistent with Q1 2024. Creditors' voluntary liquidation accounted for seven in 10 insolvencies in the first three…...
Central Bank warns energy shock could cause inflation to rise to 4%
1+ mon, 5+ day ago (288+ words) The Central Bank has warned that inflation could exceed 4% this year in the event of a severe energy shock caused by the Iran war. The regulator has also said that household incomes would be eroded by higher fuel prices. In…...