Irish Times masthead

Sign up for alerts from The Irish Times

Notification wireframe

Just click on “Allow Notifications” on the message appearing on your browser to activate them.

bell-slash

We will send you a quick reminder in the future, in case you change your mind.

  • Search
  • Newsletters
  • Crossword
  • Notices
  • Help Centre
  • My Account
  • Subscribe
  • Sign In
The Irish Times
Tue, May 17, 2022

  • The Irish Times
  • News
  • Sport
  • Business
  • Opinion
  • Life & Style
  • Culture
  • More
  • Video
  • Podcasts
  • Executive Jobs
  • Search
  • Subscribe
  • My Account
  • Sign In
  • Business
  • The Economy
  • The Budget
  • Small Business
All Business
  • The Economy
    • The Budget
    • Small Business
  • Your Money
    • Personal Finance
    • Exchange Rates
    • Markets
    • Funds Tracker
  • Companies
    • Financial Services
    • Agribusiness & Food
    • Energy & Resources
    • Health & Pharma
    • Manufacturing
    • Media & Marketing
    • Retail & Services
    • Transport & Tourism
  • Technology
    • How to ...
    • Data Privacy
    • Tech Tools
  • Work
    • Businessperson Awards
  • Commercial Property
    • Construction
  • Comment
    • Columnists
  • Innovation
  • Specials
    • Diversity & Inclusion
    • Business Ireland
    • Inside Marketing
    • Future of Farming
  • Podcasts
    • Business Podcast
  • Partner Sites
    • Top1000
Homeowners could pay €400 extra a month if interest rates ‘normalised’
  • Economy
  • Eoin Burke-Kennedy
  • May 17, 2022, 18:50

Head of Bonkers.ie warns of potential impact if ECB raises rates amid soaring inflation

Productivity in the North is much lower than in the Republic and has also fallen relative to other regions in the UK in recent years. Photograph: iStock Productivity gap between North and South to be examined
  • Economy
  • Eoin Burke-Kennedy
  • May 17, 2022, 18:29

Shared Island unit set up to examine potential for greater alignment North and South

Dublin has been  found by CIA Landlord to be the seventh most expensive or least financial viable city of 56 major cities worldwide. Photograph: Dara Mac Donaill Dublin among ‘least financially viable’ cities to live in, survey finds
  • Economy
  • Eoin Burke-Kennedy
  • May 17, 2022, 17:15

Report pinpoints expensive rents as chief reason for high cost of living in Irish capital

Dublin has been  found by CIA Landlord to be the seventh most expensive or least financial viable city of 56 major cities worldwide. Photograph: Dara Mac Donaill Dutch central bank chief raises prospect of 0.5% ECB rate increase in July
  • Economy
  • May 17, 2022, 13:39

Comments made by Klaas Knot send ripples through markets

Will the Government come under pressure to check goods as they cross the Border or leave the island of Ireland for continental ports?  Photograph: iStock Threat looms for North’s free access to EU single market
  • Economy
  • May 17, 2022, 05:22

Cantillon: EU leaders have reason to be sick of Brexit and Johnson government antics

  • 4 comments
The US was the main non-EU destination accounting for €7.4bn (37%) of total exports Exports exceed €20bn for first time in March
  • Economy
  • Colin Gleeson
  • May 16, 2022, 13:25

Growth driven by increases in exports of medical and pharmaceutical products

The US was the main non-EU destination accounting for €7.4bn (37%) of total exports Property prices defy cost-of-living squeeze to rise 15.2%
  • Economy
  • Dominic Coyle
  • May 16, 2022, 11:20

Prices rising much faster outside of Dublin but new homes just 6.2% up on last year

EU  Commission has hiked its Irish inflation forecasts  as it lowered its growth outlook for EU, saying Russia’s invasion of Ukraine  ‘posed new challenges’. Photograph: iStock EU hikes Irish inflation forecasts as it lowers European growth outlook
  • Economy
  • Joe Brennan
  • May 16, 2022, 16:36

European growth would flatline this year in event of outright cut in Russian gas, EU says

A Covid-19 test centre on Beijing. China’s economic activity contracted sharply in April as a wave of lockdowns across the country posed the most significant challenge to its growth prospects since Covid-19 emerged more than two years ago. Photograph: Mark R Cristino/EPA China’s economic activity plummets as Covid lockdowns hit growth
  • Economy
  • Thomas Hale and Jennifer Creery
  • May 16, 2022, 11:07

Consumer and industrial output plunge as country counts cost of Xi Jinping’s coronavirus strategy

A Covid-19 test centre on Beijing. China’s economic activity contracted sharply in April as a wave of lockdowns across the country posed the most significant challenge to its growth prospects since Covid-19 emerged more than two years ago. Photograph: Mark R Cristino/EPA Danny McCoy: Inflationary pressures but bedrock of economy strong
  • Economy
  • Danny McCoy
  • May 16, 2022, 06:09

Most Ibec members planning pay increases this year – with median hike of almost 3%

  • 3 comments
Most of the current development in Dublin is being financed by international funds chasing returns in the build-to-rent sector. Photograph: Simon Dawson/Bloomberg Covid-induced surge in Irish house prices has reached tipping point
  • Economy
  • Eoin Burke-Kennedy
  • May 15, 2022, 12:38

Get ready for a drop in prices as interest rates rise and housebuilding finally takes off

  • 31 comments
‘There would be huge financial risks for private companies in buying and storing gas this summer . . . Individual governments or the EU itself would be better able to carry the risk, so they should undertake any advance gas storage.’ Photograph: Koen Van Weel/ANP/AFP via Getty Images 4:46 No easy answers to threat of European gas shortage
  • Economy
  • John FitzGerald
  • May 13, 2022, 05:15

It might be in our interests to rent gas storage in Germany to hedge against price rises

  • 9 comments
‘There would be huge financial risks for private companies in buying and storing gas this summer . . . Individual governments or the EU itself would be better able to carry the risk, so they should undertake any advance gas storage.’ Photograph: Koen Van Weel/ANP/AFP via Getty Images Powell confirmed by Senate for second term as Fed chair
  • Economy
  • Colby Smith
  • May 12, 2022, 21:05

Incumbent had been renominated by Biden late last year

In Dublin, the average rent of €2,102 per month outstripped the annualised national minimum wage by almost €4,000, according to Daft.ie. Photograph: iStock Small firms could come under pressure from soaring rents – Isme
  • Economy
  • Ciara O'Brien
  • May 12, 2022, 17:57

Business group says many employers cannot afford to increase wages to cover higher costs

Central Bank governor Gabriel Makhlouf: ‘We have reached the point where we on ECB’s governing council need to act.’ Photograph: Nick Bradshaw ECB needs to act on interest rates, Central Bank governor says
  • Economy
  • Joe Brennan
  • May 12, 2022, 12:48

Makhlouf adds voice to growing clamour for July ECB rate hike

Central Bank governor Gabriel Makhlouf: ‘We have reached the point where we on ECB’s governing council need to act.’ Photograph: Nick Bradshaw NTMA raises €1.25bn in latest bond auction
  • Economy
  • Ciara O'Brien
  • May 12, 2022, 11:55

Agency has raised €5.75bn from benchmark debt sales in 2022

The main drivers of inflation are energy and fuel Inflation hits 7% in April as Ireland’s cost of living soars
  • Economy
  • Eoin Burke-Kennedy
  • May 12, 2022, 18:00

Households warned to brace for sharpest squeeze since early 1980s

Are there options open to borrowers to protect themselves from rate rises, at least to some extent . Cliff Taylor: Which mortgage borrowers will be hit first by interest rate hikes hit?
  • Economy
  • Cliff Taylor
  • May 12, 2022, 10:59

Smart Money: There are some options for those with loans to protect themselves

  • 3 comments
Are there options open to borrowers to protect themselves from rate rises, at least to some extent . UK economy contracts unexpectedly in March
  • Economy
  • May 12, 2022, 09:28

Cost of living squeeze sees consumers cut back on spending

According to Daft, the average monthly rent nationally stood at €1,567 in the first quarter of this year, up 11.7%   or €160 on the same period in 2021 3:10 Rate of rent inflation for sitting tenants roughly half that of new tenants
  • Economy
  • Ciarán Hancock
  • May 12, 2022, 05:25

Report shows annual rent inflation rose to five-year high of 11.7% in first quarter of 2022 as supply of properties slumped to new low

According to Daft, the average monthly rent nationally stood at €1,567 in the first quarter of 2022 2:54 Just 851 homes available to rent nationally as price inflation hits five-year high
  • Economy
  • Eoin Burke-Kennedy
  • May 12, 2022, 00:01

Severe shortage of available properties puts upward pressure on rents

Subscriber Only

Ireland has been described as a ‘wealth hub’ in a new global report.  Photograph: Bryan O’Brien Number of Irish wealthy individuals set to surge
Our mother is looking to give our brother a right of residence in her home for his lifetime after her death. Photograph: iStock How does my brother assess tax on a right of residence?
‘People have lost the desire and the skill to connect, not least because they’re exhausted by what they’ve been through.’ Photograph: iStock 5:17 Testing times in the workplace as post-pandemic priorities clash

Latest Economy

Will the Government come under pressure to check goods as they cross the Border or leave the island of Ireland for continental ports?  Photograph: iStock Threat looms for North’s free access to EU single market
Rising cost of living issues failed to dampen Irish property prices, which were  15.2 per cent higher in March  than a year earlier. Photograph: Victoria Jones/PA Wire Property prices defy cost-of-living squeeze to rise 15.2%
‘There would be huge financial risks for private companies in buying and storing gas this summer . . . Individual governments or the EU itself would be better able to carry the risk, so they should undertake any advance gas storage.’ Photograph: Koen Van Weel/ANP/AFP via Getty Images 4:46 No easy answers to threat of European gas shortage
  • Subscribe

    • Why Subscribe?
    • Subscription Bundles
    • Subscription Help Centre
    • Gift Subscriptions
  • Support

    • My Account
    • Help Centre
    • Contact Us
  • Irish Times products & services

    • Home Delivery
    • Page Sales
    • Photo Sales
    • Newsletters
    • Discount Codes
    • ePaper
    • Crosswords
    • Newspaper Archive
    • Article Archive
    • eBooks
  • About us

    • Advertise
    • Contact Us
    • The Irish Times Trust
    • Careers
  • Our partners

    • Rewarding Times
    • MyHome.ie
    • Top 1000
    • The Gloss
    • Recruit Ireland
    • Irish Times Training
Subscribe
  • Why Subscribe?
  • Subscription Bundles
  • Subscription Help Centre
  • Gift Subscriptions
Support
  • My Account
  • Help Centre
  • Contact Us
About Us
  • Advertise
  • Contact Us
  • The Irish Times Trust
  • Careers
Irish Times Products & Services
  • ePaper
  • Crosswords
  • Newspaper Archive
  • Article Archive
  • eBooks
  • Home Delivery
  • Page Sales
  • Photo Sales
  • Newsletters
  • Discount Codes
Follow us
Download the app
Download on the App Store Download on Google Play
  • Our Partners
  • Rewarding Times
  • MyHome.ie
  • Top 1000
  • The Gloss
  • Recruit Ireland
  • Irish Times Training
  • Terms & Conditions
  • Privacy Policy
  • Cookie Information
  • Cookie Settings
  • Community Standards
  • Copyright
© 2018 THE IRISH TIMES

Sign In

Forgot Password?
Don't have an account?
Subscribe
Need some help ?

  • Digital Subscriptions FAQs
  • Subscriber Only Articles
  • The ePaper
  • Subscriber Rewards
  • Subscriber Tour
  • Breaking news app
  • My Account
  • eBooks
  • Email Newsletters
  • Crossword Club
  • Newspaper Archive
  • Sign Out
SUBSCRIBE

Tue 17/5/2022
  • News
    • War in Ukraine
    • Climate Crisis
    • Ireland
    • World
    • Politics
    • Subscriber Only
    • ePaper
    • Education
    • Health
    • Coronavirus
    • Brexit
  • Sport
    • Gaelic Games
    • Soccer
    • Rugby
    • Golf
    • Racing
    • Other Sports
    • Women in Sport
    • Comment
  • Business
    • The Economy
    • Your Money
    • Companies
    • Technology
    • Work
    • Commercial Property
    • Comment
  • Opinion
    • Editorials
    • Letters
    • Columnists
    • An Irishman's Diary
    • Opinion & Analysis
    • Martyn Turner
  • Life & Style
    • Food & Drink
    • Homes & Property
    • Health & Family
    • People
    • Travel
    • Motors
    • Fashion
    • Abroad
  • Culture
    • Books
    • Film
    • Music
    • Stage
    • Art & Design
    • TV, Radio, Web
    • Tuarascáil
    • Heritage
  • More
    • You are what you read
    • eBooks
    • Offers
    • Jobs
    • Family Notices
    • Competitions
  • Video
  • Podcasts
    • Confronting Coronavirus
    • Inside Politics
    • The Women's Podcast
    • Inside Business
    • Added Time
    • World View
    • Back to Yours
    • The Irish Times Book Club
  • Executive Jobs
  • Crosswords
  • Notices
  • Help Centre
  • Newsletters
Forgot Password?

Invalid email or password.

Not an Irish Times subscriber? Subscribe
  • Digital Subscriptions FAQs Frequently asked questions about your digital subscription
  • Subscriber Only Articles Specially selected and available only to our subscribers
  • Subscriber Rewards Exclusive offers, discounts and invitations
  • Subscriber Tour Explore the features of your subscription
  • Crossword Club Digital Simplex and Crosaire crosswords
  • Newspaper Archive 150 years of Irish Times journalism
  • My Account Manage your account
  • eBooks Carefully curated selections of Irish Times writing
  • Email Newsletters Sign up to get the stories you want delivered to your inbox
  • The ePaper An exact digital replica of the printed paper
  • Breaking news app Our Apple and Android apps to read on the go
  • Sign Out

Update Payment Details


Unfortunately USERNAME we were unable to process your last payment. Please update your payment details to keep enjoying your Irish Times subscription.