Business News

Some Irish exporting sectors have seen their dependence on the UK market increase since the turn of the millennium, even though the exports share overall to the UK has been declining. A new paper from the Department of Finance shows the extent to which some sectors are vulnerable to Brexit. The importance of the UK […]

There has been a dramatic drop in the cost of motor insurance. New figures show there was a plunge of 14pc in the cost of cover in the last year, the biggest drop since the insurance crisis hit. Central Statistics Office (CSO) inflation figures show the cost of motor insurance was broadly steady in the month […]

So-called virtual currency bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately – issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said yesterday that it had […]

There is a “realistic possibility” that the economy will start to overheat in the coming years if the strong growth rates continue, the state’s budgetary watchdog has warned. It comes as the latest Exchequer data shows that tax revenues in August totalled €2.66bn – about €209m below expectations at this stage of the year, highlighting […]

As much as €3bn could be lost to the Irish Exchequer as low-emission vehicles become the norm by 2030, according to industry experts. Huge amounts of revenue used to fund essential services are generated by vehicle registration tax, motor tax and fuel tax and could largely disappear as the petrol engine is slowly consigned to […]

Households across Ireland have become somewhat accustomed to mostly small but incremental increases in the cost of electricity over the last few years, but get quite a shock with the arrival of your next bill. That’s because the energy regulator has approved a massive 30pc hike in the ‘green’ levy on domestic energy bills that […]

Paddy Cosgrave’s Web Summit is to hire 40 people in the next six months, bringing the company’s total employment to 200. The company has also announced former US vice president Al Gore and former French president Francois Hollande as headline speakers for the Lisbon-based event in November. European competition commissioner Margrethe Vestager is already confirmed […]

Ireland’s second annual cyber security conference, Dublin Information Sec 2017, will take place on Wednesday, November 1, at the RDS. It will explore cyber security trends and threats facing business in Ireland and the technologies to protect against them. It will be sponsored by Eir Business, a Cisco Gold Partner. Specialists in the industry will […]

Sterling weakened to beyond 93 pence against the euro yesterday – the highest level since 2009 – heaping yet further pressure on businesses here selling into the UK market. The slide, however, also makes imports cheaper. The euro also crossed the $1.20 mark for the first time since the start of 2015 as investors fled […]

Enterprise Ireland will launch a €750,000 funding competition for early stage companies in manufacturing and internationally traded services. The competition will open on 13 September. This is Enterprise Ireland’s seventh competitive start fund in 2017 and is open to all sectors with a focus on agricultural, manufacturing, life sciences and renewables subsectors. Up to 15 […]