Business News

Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and a stagnant economy, a European Central Bank survey showed today. The ECB has pushed interest rates to record highs to rein in inflation, bringing bank […]

60% of people would turn down a job if it did not offer hybrid working, new data shows. The latest Cpl Salary Guide reveals that 66% of those surveyed currently avail of hybrid working. Almost 40% said that flexible and remote working provides a better work-life balance and increased job satisfaction. “We see from this […]

Nearly three quarters of third level students who come from a family business background believe that the next CEO of the firm will be a family member, according to a study on succession carried out by Dublin City University in association with AIB. The study points to an unusually high level of affinity for involvement […]

The State’s bad bank asked the Government to set up a ‘NAMA resolution unit’ because there was no way they could finalise all legal cases, insolvency, and property disposals before their official wind-up at the end of 2025. NAMA is due to be shut down at the end of next year but informed the Department […]

New figures from the Central Statistics Office show that the seasonally adjusted Live Register total for March decreased by 400 to 174,500 people – a fall of 0.2%. The CSO said the unadjusted Live Register total stood at 173,396 people for March and of these 54.6% were men. Today’s figures show that the 35-44 age […]

AIB and affiliates EBS and Haven are cutting the fixed rates on their “Green Mortgages” by 0.2%. The changes will take place from tomorrow and will be available to new customers and existing customers seeking to fix. The bank claims the move will make its Green Mortgage rates the cheapest in the country. On a […]

The amount of electricity produced by wind hit a new record for March last month, new data shows. 1,541GWh of power was generated by wind farms here during the month. Previously, the record for March was 1,392, with this set in March 2020. This meant that wind energy was responsible for providing 43% of the […]

Investor morale in the euro zone improved for the sixth consecutive month in April to its highest level in more than two years, a survey showed today, adding that even though Germany remained a drag it showed “economic signs of life”. Sentix’s index for the euro zone rose to -5.9 points in April from -10.5 […]

The Government has published a bill which will pave the way for 800,000 workers to be brought into a pension scheme for the first time. Publishing the Automatic Enrolment Retirement Savings System Bill 2024, Minister for Social Protection, Heather Humphreys said this represents one of the biggest reforms of the pension system in the history […]

There was a drop in the amount of office space leased in Dublin in the first quarter of the year, new data shows. Research from commercial real estate company JLL Irelands shows that 31 deals were completed, across 96,000 sq. ft of office space. The volume of space is down 44% on the previous quarter […]