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An image of Nuns’ Island in Galway where NUI Galway owns lands

NUI Galway sets out strategy for substantial investment in infrastructure

Economy
Peter Hamilton
January 9, 2020, 00:01

Plan will cost hundreds of millions of euro, and will include a new library and a sports campus

The Republic is among the first euro zone governments to target the bond markets this year. Photograph: iStock

State hits 40% of minimum 2020 funding target with bond sale

Economy
Joe Brennan
January 8, 2020, 18:28

NTMA sells 15-year bond to carry 0.45% yield

British Irish Chamber of Commerce director general John McGrane: he launched a framework document which makes key recommendations on how trade in services between the EU and UK could be preserved post-Brexit. Photograph: Dara Mac Donaill

Services sector described as ‘forgotten child’ of the Brexit process

Economy
Eoin Burke-Kennedy
January 8, 2020, 15:22

British Irish Chamber of Commerce warns of the risk Brexit poses to €46bn services trade between Republic and UK

Department stores took a hit in November as the value of retail sales feel by more than 9% and the volume declined by 6.5% year-on-year

Retail sales up 1.4% in November as shoppers prepared for Christmas

Economy
Ciara O'Brien
January 8, 2020, 12:04

Motor trade continues to drag on overall sales figures

IDA Ireland chief executive warned of downside risks for foreign direct investment into Ireland over the next few years. Photograph: Chris Bellew /Fennell.

‘Real threat’ from eastern Europe states copying Ireland’s investment strategy

Economy
Mark Paul
January 8, 2020, 11:27

Multinationals employ record numbers but IDA chief warns of ‘significant downside risk’

Minister for Business, Enterprise and Innovation, Heather Humphreys will attend the IDA’s annual results this morning

IDA accused of bias, new €300m solar power project and record commercial property deals

Economy
Michael McAleer
January 8, 2020, 06:30

Business Today: the best news, analysis and comment from The Irish Times business desk

Property website Daft recorded Irish house prices falling last year for the first time since 2012. Photograph: Simon Dawson/Bloomberg

Another year of dysfunction ahead for Ireland’s property market

Economy
Ciarán Hancock
January 8, 2020, 05:00

Looming general election and UK-EU trade talks add to uncertainty for developers

John O’Sullivan, owner of the newly-built Hyatt Centric hotel in Dublin. Photograph: by Crispin Rodwell

Hodson Bay Group sees pretax profits rise 5% to €2.1m

Economy
Gordon Deegan
January 8, 2020, 04:45

Group recently entered the Dublin market with the opening of its Hyatt Centric hotel at the Coombe

Britain’s chancellor of the exchequer Sajid Javid leaves after a cabinet meeting on Downing Street on Tuesday. Photograph: Toby Melville/Reuters

No new money earmarked for North in UK’s first post-Brexit budget

Economy
Francess McDonnell
January 8, 2020, 01:00

Chancellor’s promised £400m boost already allocated in September, says Treasury

UK prime minister Boris Johnson pledged in his general election manifesto promise to ‘get Brexit done’ by January 31st

Up to 85% of Irish firms likely to be impacted by Brexit

Economy
Eoin Burke-Kennedy
January 8, 2020, 00:00

Banking industry body urges companies to engage with banks ahead of deadline

Numbers employed by Gap in Ireland last year increased from 109 to 140 with staff costs increasing from €1.8 million to €2 million.

Losses at Irish arm of Gap increase 33 per cent

Economy
Gordon Deegan
January 7, 2020, 18:14

Revenues rise to €12.89 million

Tayto Park’s rollercoaster which opened in 2015.

Tayto Park’s plan for €15.5m rollercoaster suffers major setback

Economy
Gordon Deegan
January 7, 2020, 17:46

Meath County Council to make a decision on application later this month as fresh objections lodged

The State’s headline unemployment rate of 4.8% is nearly three percentage points lower than the euro zone average of 7.5%

Irish unemployment rate at 13-year low of 4.8%

Economy
Eoin Burke-Kennedy
January 7, 2020, 17:31

CSO figures show number of workers classified as unemployed in December was 119,00

Enterprise Ireland chief executive Julie Sinnamon said that while she expected an increase in jobs created again this year, growth was slowing. Photograph: Dara Mac Dónaill

Net new jobs created by Enterprise Ireland firms halved in 2019 to 4,700

Economy
Charlie Taylor
January 7, 2020, 12:21

Record 221, 895 people work in companies backed by the State agency

Last month the NTMA said it planned to raise between €10bn and €14bn in bond markets this year. Photograph: Eric Luke

State looks to raise €3bn as Middle East tension helps bond markets

Economy
Joe Brennan
January 7, 2020, 11:32

NTMA on course to sell 15-year bond to cover almost a third of minimum full-year target

Revenue collected almost €74bn in 2019, including €58.4bn in taxes and duties for the Exchequer. Photograph: iStock

Revenue appointed 586 staff last year to Brexit roles

Economy
Ciara O'Brien
January 7, 2020, 08:01

Customs registrations rise, with more than 24,100 businesses acquiring an operator and identification number

Even before the latest fires, Deloitte estimated that the economic costs to Australia of natural disasters would rise to 39 billion Australian dollars (€24.2 billion) a year by 2050, equivalent to almost 2 per cent of the country’s current GDP

Looking for action on climate change: think economic cost

Economy
Edward Luce
January 6, 2020, 13:18

Hard numbers on cost of climate disasters dispel notion that it is too abstract to properly address

Business activity in the Irish services sector hit a six-month high in December. Photograph: Tom Honan

Services sector rebounds as Brexit threat recedes

Economy
Eoin Burke-Kennedy
January 6, 2020, 06:00

Latest AIB barometer suggests new business and total activity rose at fastest rates since June

Chief adviser Dominic Cummings and British prime minister Boris Johnson.

Dominic Cummings is not the messiah, he is just a very arrogant boy

Economy
Chris Johns
January 5, 2020, 12:59

Chris Johns: Boris Johnson’s chief adviser wants to disrupt the machinery of UK government with ‘weirdos’ and ‘misfits’

Ballymore Group chairman and chief executive Sean Mulryan. Photograph: Alan Betson

Ballymore Group has ‘active developments’ with projected value of €5.5bn

Economy
Gordon Deegan
January 3, 2020, 19:30

Sean Mulryan-led builder flags pipeline of more than 7,500 homes

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