Business News

Late night entertainment reopens at 100% capacity

22nd October 2021

Late night entertainment is set to reopen across the country tonight, after new safety guidelines were signed-off between the Government and industry representatives. Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media Catherine Martin said she was striking a balance between protecting public health and assisting the nightclub and live venue industry, which had been […]

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Consumer confidence holds steady in October

22nd October 2021

Consumer confidence held steady in October, according to latest KBC Bank Ireland consumer sentiment index. The reading for this month stood at 86.8, effectively unchanged from the figure of 86.4 reported for September. This follows a pattern of broadly stable sentiment numbers for the past six months. Despite a relatively healthy reading for October, the […]

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65% of companies increased pay rates in 2021 – Ibec

22nd October 2021

65% of companies increased basic pay this year, with an average increase of 2.8%, the latest Ibec HR Update Survey shows. The figures are higher than had been expected in the business group’s 2020 report, which Ibec said is indicative of the ongoing economic recovery. The proportion of employers awarding pay increases will be 75% […]

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Multiple table bookings expected in new guidelines

21st October 2021

New safety guidelines for nightclubs, live events, bars and restaurants will be published today. The Taoiseach told a meeting of his party last night the guidance for venues reopening on Friday would be practical and common sense will apply. Today’s updated guidelines are expected to permit the multiple booking of tables in bars and restaurants. […]

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Banks lobby to link accountability laws to lifting of bonus ban

21st October 2021

Banking & Payments Federation Ireland (BPFI) has warned members of the Oireachtas finance committee that planned new laws to make it easier to hold financial firm managers accountable for failings under their watch “cannot operate effectively” as long as a ban on bonuses remains in place. The comments were contained in a 15-page submission to […]

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Health Insurance Authority proposes reduction to health insurance levy

21st October 2021

Health insurance premiums look set to decrease as a result of the Health Insurance Authority’s recommendation of a one-off cut to the health insurance levy paid by insurers. The HIA has proposed to the Minister for Health that 10% or €45 be taken off the levy on advanced products and 22% or €35 should be […]

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Most renters hope to own their own home – survey

20th October 2021

A majority of renters still hope to own their own homes, according to research by a State housing body. However, two thirds of tenants now see the cost rental model as an longer term option, according to a survey published by the Land Development Agency (LDA). The LDA will be the main provider of cost […]

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Energy, services boost euro zone inflation as expected in September

20th October 2021

More expensive energy and services boosted euro zone inflation as expected in September, data showed today, with core inflation also higher. The European Union’s statistics office Eurostat said consumer prices in the euro zone rose 0.5% month-on-month in September for a 3.4% year-on-year rise, as earlier estimated by Eurostat. While the headline number was well […]

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Views of the public sought on future of tax and welfare

20th October 2021

A public consultation is being launched today on the work of the Commission on Taxation and Welfare. Established earlier this year, the Commission is an independent body tasked by Government with reviewing how best the taxation and welfare system can support economic activity and income redistribution. The Commission is also examining ways of ensuring that […]

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Business insurance costs up 15% despite reforms survey finds

19th October 2021

The cost of insurance for businesses and voluntary groups continues to rise despite reductions in the value of certain personal injury awards introduced earlier this year, a new survey has found. The Alliance for Insurance Reform says recent insurance renewal costs are up 15% on average, despite the changes made by the Judicial Council being […]

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