Business News

NAMA, the State body responsible for handling property loans from the financial crisis, plans to return more money to the taxpayer than previously expected. The organisation, which is due to be dissolved this year, plans to return €5.5 billion to the Exchequer – €300m more than previously thought. This made up of a surplus of…

The Central Bank has warned about the effects of global uncertainty caused by US tariffs and its potential impact on the Irish economy. The Governor of the Central Bank Gabriel Makhlouf said: “There has already been some softening in consumer sentiment.” Mr Makhlouf added the bank’s engagement with industry pointed to “cautiousness amongst companies, at…

Irish wind farms have produced 33% of the country’s electricity since the start of the year, new figures from Wind Energy Ireland show today. Wind Energy Ireland said around 22% of demand was meet by windfarms last month, up slightly when compared to May last year. It also said that wind farms had a significant…

The World Bank has slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly all economies. In its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70% of all economies – including the United States,…

There has been a significant drop-off in the number of people buying health insurance, according to new figures from the Health Insurance Authority (HIA). In its market bulletin for the first three months of 2025, the HIA said that just 7,318 people purchased a health insurance policy between January and March, compared to 13,633 in…

The amount of electricity used by data centres increased by 10% between 2023 and 2024, according to new figures from the Central Statistics Office. The CSO figures also show that last year data centres accounted for over a fifth (22%) of all metered electricity consumed in Ireland, at 6,969 Gigawatt hours (GWh). This represents a…

Revenue has announced that approximately 1,800 Residential Zoned Land Tax returns have been filed to date, with liabilities of almost €40 million paid. RZLT applies to land which is zoned for residential use and is serviced, and which has been identified on maps published by Local Authorities as being within the scope of the tax.…

The seasonally adjusted Live Register total for May 2025 was 165,700 people, down by 4,700 people or 2.8% from April 2025. New figures from the Central Statistics Office (CSO) show that the unadjusted Live Register total stood at 162,269 people for May 2025, of which 56% were male and 71.6% were Irish. The May Live…

The State’s independent financial watchdog has warned that Government spending was rising much faster than planned. The Irish Fiscal Advisory Council said “poor budgeting” was mostly to blame. It said current spending is up 6% so far this year, which was well above the 1.4% outlined in the Budget. It added: “This is because earlier…

Bank of Ireland has issued a warning over what it calls a dramatic increase in reports and cases of attempted so-called ‘safe account’ scams. The lender is advising customers to be “on particular alert” for fraudulent texts that attempt to lure them into calling a fake bank phone line. According to the bank, the scammer…