Irish exports grow 10% to hit record €18.6bn

Exporters’ reputation as the economic engine of the country was further cemented yesterday as figures revealed that exports hit record levels in 2014. Irish companies sold an all-time high €18.6bn worth of goods and services last year, with growth of […]

Energy rise ends four months of eurozone deflation

The eurozone ended four months of deflation in April, with consumer prices unchanged from year-ago levels, removing the threat of persistent price declines as energy costs pushed up in the month. Consumer prices in the 19 countries that share the […]

ECB programme raises Bank of Ireland’s pension deficit €700m

The European Central Bank’s quantitative easing programme (QE), aimed at stimulating the eurozone economy, has adversely affected Bank of Ireland, by driving up the deficit in its defined benefit pension schemes by €700m. In a trading update, covering the year […]

Irish jobless decline stalls in April

Unemployment is still expected to fall below 10% this quarter, despite fresh data showing no change in April — only the third time in two years that the jobless rate hasn’t declined on a month-to-month basis. Yesterday’s latest Live Register […]

Cost of labour hinders Irish exports

Cost pressures, skills shortages and a potential ‘Brexit’ are among the chief risks Irish exporters currently face, according to the head of their representative body. Irish Exporters Association (IEA) chief executive, Simon McKeever said exporters’ cost base remains an issue […]

Ireland most to fear in ‘Brexit’

Ireland will lose more than even the UK if it exits the EU, according to a detailed study by a German think-tank. The Republic, with all other EU member states, will also end up paying more into the EU budget, […]

€250bn potential in EU digital market

A single digital market encompassing the whole EU has potential to add up to €250bn to GDP and create hundreds of thousands of jobs over the coming years. The Cybersecurity & Privacy Innovation Forum played host to more than 500 […]

Retail sales set to grow by 9%

Consumer spending could rise by 9% in volume terms this year helping to maintain Ireland’s status as the the eurozone’s fastest growing economy for a second consecutive year. CSO figures published yesterday show a 1.4% increase in headline retail sales […]

128,000 ‘underemployed’ workers want more hours

Almost a quarter of the workforce is made up of part-time employees, many of whom feel they are under-employed and would be willing to work more every week. Some 23.4% of workers are employed part-time as opposed to a fifth […]

‘Everyone loses’ if Britain exits EU

If Britain leaves the European Union, it could knock up to 14% off its GDP by 2030, taking into account all negative factors including lost economic dynamism, a study by two leading German institutes has found. Based on 2014 values, […]

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