Business News

Coronavirus to hit supply of new housing, I-RES REIT warns

27th May 2020

The State’s largest property owner, Irish Residential Properties REIT, said today that the overall supply of new housing and apartments is expected to be impacted by the ongoing restrictions due to Covid-19. In a statement issued ahead of its AGM today, it said it continued to add to its portfolio with the addition of 73 new apartments […]

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Significant stimulus plan needed to revive economy after Covid-19 – IFAC

27th May 2020

The Government has been advised to introduce a “significant” stimulus plan for the economy, once the immediate Covid-19 crisis is over. However, the Irish Fiscal Advisory Council (IFAC|) has also warned that “all options must be kept on the table”, including spending cuts and tax rises to bring the public finances back in line once […]

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Trips to and from Ireland slump by 99% in April – CSO

27th May 2020

New figures from the Central Statistics Office show “an unprecedented collapse” in overseas travel to and from Ireland in April as the effects of the Covid-19 crisis deepened.  The CSO reported just 16,100 arrivals in April and 17,800 departures. This compares with monthly travel of more than 1.7 million in each direction the same time […]

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Economic confidence up in May but remains weak overall

26th May 2020

Consumer and business sentiment rose slightly in May, albeit from a low base according to the latest Pulse survey from Bank of Ireland. Consumer confidence was up marginally in the month, while all sectors of business saw an improvement. That came as improving data on the number of Covid-19 cases in Ireland continued to improve, […]

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EBA calls for European states to shield their banks

26th May 2020

European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said today, potentially using a 500 billion euro EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority (EBA), will rekindle a divisive debate about whether rich […]

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Number of people on Covid-19 unemployment payment falls

26th May 2020

The number of people receiving the Covid-19 Pandemic Unemployment Payment has fallen to 579,400 – a drop of 5,200 over the last week.  Of these, 33,400 are receiving their last payment as they are returning to work.   These figures are on top of the 214,700 people receiving Jobseekers’ Benefit at the end of April.  […]

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76% of consumers using contactless payments every week – BPFI

25th May 2020

Three quarters of consumers say they now use contactless payments at least once a week, according to a survey for the Banking and Payments Federation Ireland. The survey of 1,000 adults was conducted at the end of April by Coyne Research.  It coincided with the extension of the limit on contactless payments from €30 to […]

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76% of consumers using contactless payments every week – BPFI

25th May 2020

Three quarters of consumers say they now use contactless payments at least once a week, according to a survey for the Banking and Payments Federation Ireland. The survey of 1,000 adults was conducted at the end of April by Coyne Research.  It coincided with the extension of the limit on contactless payments from €30 to […]

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Calls for enhanced support for businesses

25th May 2020

Stockbroker Goodbody is calling for the introduction of a state backed loan scheme to help struggling businesses cope with the aftermath of the shutdown of the economy to contain the spread of Covid-19. In its latest economic health check, the group’s chief economist Dermot O’Leary said the level of government support for business here had been much lower […]

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Calls for enhanced support for businesses

25th May 2020

Stockbroker Goodbody is calling for the introduction of a state backed loan scheme to help struggling businesses cope with the aftermath of the shutdown of the economy to contain the spread of Covid-19. In its latest economic health check, the group’s chief economist Dermot O’Leary said the level of government support for business here had been much lower […]

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