Practice News

Ireland slips two places to fourth in world competitiveness rankings

Ireland slips two places to fourth in world competitiveness rankings

Ireland has dropped two places from last year in a key measure of international competitiveness. The country was ranked fourth of 67 economies examined by the Institute of Management Development (IMD) World Competitiveness Yearbook 2024, down from second last year....

Irish prices second highest in EU last year

Irish prices second highest in EU last year

Prices paid by Irish consumers were the second highest in the EU last year, according to new official data. Irish prices were 42% higher than the EU average, according to Eurostat, just behind the 43% recorded in Denmark. Lowest price levels were registered in...

Increased labour needed to drive construction output

Increased labour needed to drive construction output

An increase in labour capacity in the construction sector may be needed if the number of houses that work has begun on this year are to be delivered. That is according to Banking and Payments Federation Ireland (BPFI) which says that between January and April, 30,138...

NAMA on track to wind down by the end of 2025

NAMA on track to wind down by the end of 2025

The National Asset Management Agency remains on track to wind down completely by the end of next year. But the Minister for Finance Michael McGrath has confirmed that “some residual assets will remain unresolved” after the end of 2025, and that he will be proposing a...

6.3 million foreign visitors came to Ireland last year – CSO

6.3 million foreign visitors came to Ireland last year – CSO

New figures from the Central Statistics Office show that 6.3 million foreign visitors departed Ireland on overseas routes in 2023. Overall, the visitors spent €7.3 billion on their trips. Of this €1.9 billion was spent on fares, €0.3 billion on prepayments – including...

ECB set to cut rates in September and December – poll

ECB set to cut rates in September and December – poll

The European Central Bank will cut its deposit rate twice more this year, in September and December, according to a significant majority of economists polled by Reuters who said the risks were skewed towards fewer rate cuts than expected. That outlook was broadly...

Dublin fourth most expensive city in Europe to build – survey

Dublin fourth most expensive city in Europe to build – survey

Dublin is the fourth most expensive city in Europe to build, a new survey shows today, while it also makes it into the top 25 most expensive places to build globally. The International Construction Market Survey 2024 Report, from global professional services company...

Oil prices stable as demand uncertainty persists

Oil prices stable as demand uncertainty persists

Oil prices were stable today, as traders awaited signs of a hoped-for summer demand boost to prop up prices even as strong supply threatens to blunt gains. Benchmark Brent crude futures were down two cents to $84.23 per barrel this afternoon after climbing in the...