The volatility of bitcoin will make it very difficult to be used as a currency for transactions.

South Dublin councillor wants to see payments for parking fines and property tax accepted in bitcoin

Dublin was  named fDi’s Northern European Region of the Future, top small European region overall, as well as the top small region for economic potential and business friendliness in a new FDI survey. Photograph: Dara Mac Donaill / The Irish Times

Second placed Dublin is capitalising on ‘Brexit jitters’ to attract investment ahead of Paris and Frankfurt

Steve Tormey: Toyota’s chief executive in Ireland expects its new finance arm to provide funds for the rapidly growing hybrid sector.

Japanese car giant expects to lend €70m in its first year; 50% of cars sold in January were hybrid models

Value for money? Since 2009, bitcoin has soared from just about $3 to a high of some $19,800 in mid-December. Photograph: Jack Guez/AFP/Getty Images

Investors say recent weakness in crypto is like going shopping for bargains in the Christmas sales; others warn that investing is (...)

Nash Basel owner of Crypto Cafe on Dublin’s Aungier Street. Photograph: Bryan O’Brien

Coffee can cost you €1 or €6 depending on value of cryptocurrencies at new cafe

Homebuilder Cairn hopes to build 179 student accommodation units, with space for 576 beds, on the former Blakes and Esmond Motors site off Stillorgan Road

Developer hopes to build nine-storey development for 600 students at site off the N11

The survey shows that it can now be cheaper to buy rather than rent

Tenants in capital now paying €375 a month more than during Celtic Tiger, survey finds

Irish investors are turning to crypto currencies such as Bitcoin in growing numbers to try and benefit from outsize gains. Photograph: Karen BLEIER/AFP/Getty Images

Follows ban by host of UK banks on buying cryptocurrencies with your credit card

Michael Gladney: he has been appointed as Revenue Commissioner

Official will oversee six divisions of the tax authority

Recent market volatility may be spooking pension savers and traders alike. Photograph. by Scott Olson/Getty Images

As markets melt the only action pension savers should take is to review their investments

CSO figures show that 47 per cent of  workers in Ireland aged 20-69 had a private pension in 2015, down from 51 per cent in 2009 and 54 per cent in 2008.

Government to launch review of auto-enrolment and State pension

Since Britain voted to leave the EU, we’ve been waiting for international financial institutions to set up here, but Ireland’s banking sector is still bereft of new players. Photograph: Bryan O’Brien

A year and a half after the historic vote, not one new bank or lender has been authorised

Decathlon, known as  “the Ikea of sports retailing”, has 1,350 stores across more than 40 countries and a multi-billion euro annual turnover

Family-owned company is promising nine Irish stores, including Dublin, Cork and Galway, more than 500 jobs and low prices

Lending jumped 27.4 per cent last year at the South Dublin Credit union – a  merger of former credit unions in Stillorgan and Donnybrook. Photograph:  Colin Keegan / Collins

Bad debt figures fall but costs jump as community lender eyes smaller local group

Castlehaven is close to completing home construction loans totalling €30 million and has proposals for a further €200 million in the pipeline. Photograph: Peter Byrne/PA

Financier aims to loan €350m for residential developments in Republic’s urban areas

Galway’s G Hotel is set for a refurbishment.

Choice Hotels Group to take over management of Galway’s G Hotel and Meyrick

Unemployment is now at its lowest rate since May 2008. Photograph: Aidan Crawley

Numbers out of work now at lowest rate since May 2008

Local authorities are set to apply stringent eligibility requirements when the new affordable home loan scheme goes live this Thursday. Photograph: Bryan O’Brien / The Irish Times

Borrowers wanting to circumvent Central Bank rules may need to look elsewhere

The construction of new homes increased to about 11,000, figures suggest. Photograph: Alan Betson

Official figures still ‘significantly overstating’ level of such construction in State

AIB chief executive Bernard Byrne:  he told an Oireachtas committee last week that the bank had paid out €133m so far of an expected €190m to impacted customers. Photograph: Cyril Byrne

Banks will fight initial legal actions, so affected customers should inform themselves before acting

Former chief executive of the National Consumer Agency Ann Fitzgerald will join other independent appointees hearing consumers’ appeals on the tracker mortgage scandal. Photograph: Brenda Fitzsimons

Unclear how many of 33,000 impacted parties will challenge redress and compensation

It is still the only Irish university in the Financial Times Top 100 global business schools but UCD Smurfit School has significantly dropped in this year’s rankings.

Business school falls to 94th place as graduates’ salaries take a hit

The Minister for Finance is to appoint two new board members to Ireland’s so-called “bad bank” for a term of five years. Photograph: Alan Betson / The Irish Times

‘Bad bank’ is recruiting two new board members for a five-year term

Glenveagh has also completed the acquisition of a two-hectare site in Dublin’s north Docklands

Move brings capacity of the Irish housebuilder’s landbank up to over 5,000 units

Employment across Údarás na Gaeltachta supported businesses rose to its highest level since 2008 on the back of continued jobs growth across all regions. Photograph: Joe O’Shaughnessy

State agency says 630 new full-time jobs were created in 2017 as it warns of the Brexit challenge

Brothers Colum and Ciarán Butler acquired the hexagonal 37sq ft kiosk in Ballsbridge for €330,000 last summer.

Owners of US coffee chain’s Irish franchise set to reopen outlet under alternative brand

Irish Life said it will cut prices by an average of 9.5 per cent for adults, and 14.2 per cent on children’s premiums.

Move comes on the back of price cut from Vhi as competition in market heats up

Ulster Bank, the Irish subsidiary of Royal Bank of Scotland, is to pay its parent a dividend of €1.5 billion.

Irish subsidiary of RBS takes another step to normalising its capitl structure

Many landlords are thinking about leaving the market on the back of rent controls, higher taxation and greater compliance costs. Photograph: iStock

‘I am crucified to the point that I am considering selling up’: Landlords on why despite soaring rents it can be hard to make the (...)

Teachers, nurses and other low to middle income earners can circumvent Central Bank lending rules at lending rates of as low as 2%

Gráinne McEvoy, former head of securities and markets supervision, has been appointed to the role of director of consumer protection at the Central Bank. Photograph:  Jason Clarke Photography

Appointments will help regulator deliver on its financial conduct mandate

The Competition and Consumer Protection Commission has warned that cashback offers might not make financial sense in the long term because of the higher rates often also charged.

Mortgages Bill could see homeowners benefit from pressure on rates if passed

On a monthly basis, prices fell by 0.1 per cent in December.

Pre-Christmas discounting by retailers sees consumer prices fall in December

Thanks to an amendment to the BIK regime, if your employer were to buy you a new Tesla (if they could track one down) retailing at about €100,000, you would get to save €17,160 a year in taxes.  Photograph: CHANDAN KHANNA/AFP/Getty Images

Like all taxes, benefit in kind has its quirks, but employees need to wise up to the extra tax they’re paying on work perks

The Hodson Bay Hotel group now obtains 63 per cent of its bookings via phone.

Commission rates of 15-20 per cent prompt move to reduce dependency on online hubs

Dalata, the group behind the Clayton and Maldron brand names, is set to bring more than 500 rooms to  Dublin market

Davy says just 800 rooms will come onto the market in 2018, 38% less than expected

Irish Life has said it is not considering a foray into private hospital ownership.

Pensions company says it is at an ‘advanced’ stage to enter build-to-rent market

Year-on-year growth in Irish comsumer spending inched up 2.5 per cent in 2017, Visa said, with online shopping rising 7.4 per cent in the year.   Photograph:  Dominic Lipinski/PA Wire

KBC survey suggests return to boom-time conditions still ‘remote’ for many people

Forever 21 continues to trade at the Henry Street store, it’s understood that it has agreed to terminate its lease, and a closure is expected to be imminent.

US youth fashion retailer is culling international outlets due to poor trading performances

To stay invested in retirement via an approved retirement fund while living  tax-free abroad, you’ll need to be wary of a new Revenue ruling.

If you’re chasing a tax free retirement in Portugal, a new ruling may make you think twice

In December it was disclosed that more than 30,000 home-owners were found to have been either denied a tracker mortgage or were put on the wrong rate. Photograph: Getty Images

Rating agency DBRS says payouts are larger than those seen in other European cases

Feeling flush? Despite economic indicators showing our wealth is recovering, many households continue to be weighed down by high rents and precarious jobs.

If our financial health is blossoming, why don’t we feel it?

Paddy Power Betfair’s new chief executive, Peter Jackson: the move to the head of the gambling giant represents a big step up for the 42 year old

Mixed start for ex-Worldpay UK boss as share price falls and Morgan Stanley cuts its recommendation

Last August Mr Kiely sold Voxpro, which provides high-end call centre operations for tech companies, for about €150 million to Canadian firm Telus International, netting himself and his business partner and wife Linda Green-Kiely a significant windfall.

Voxpro founder Dan Kiely to invest €200,000 in Abodoo

Irish investors who currently hold foreign listed products will still be able to hold or sell these investments, but won’t be able to purchase more for the time being. Photograph: Yui Mok/PA Wire

Irish investors will be temporarily excluded from investing in products such as US listed ETFs

Staycity Edinburgh property:  group has teamed up with Tetrarch Capital, an Irish investment group, for two developments on Pearse Street in Dublin’s city centre.

Staycity Aparthotels looks towards 1,500 units in Irish capital as revenues climb 25%

Prices in Dakota Court, Phibsborough, Dublin 7, especially the one-bedroom units, have increased by about €50,000 in the past 12 months

Survey highlights Europe’s ‘austerity star performer’, although a slowdown is expected

Castlecourt Shopping Centre

But year would have been ‘disappointing’ only for £123m sale of Belfast shopping centre

Writing down financial goals may not mean you’ll actually achieve them, but it increases your chances of doing so.

New Year’s resolutions don’t all have to be about giving up chocolate and alcohol

View from Bella Vista, Coliemore Road, Dalkey, on sale in need of complete overhaul in March for €1.2m, sold by June for €1.4m

Some investors made quick turnaround gains of more than 100%, especially on houses in need of serious repair in good areas

The €200 annual charge, the non-principal private residence, was first introduced in 2009. Photograph: Joe St Leger

Second-home charge not tax deductible but if it changes people may be out of pocket for 2013 payment

Travelers’ Europe, the UK based operation of US insurance company Travelers, is set to establish a new hub in Dublin to allow it to continue to service its EU based customers. Photograph: OLIVIER HOSLET/EPA

Travelers Europe is to seek authorisation for a new EU insurance hub in Dublin

Boom times are back? Some Irish employers are reporting employee turnover levels of up to 30 per cent, causing “significant issues” for the business.

Employers set to offer average pay rise of 2.5% as retention of key staff becomes a significant issue

The loan, which was offered to Ireland as part of an international recovery package at the time of the financial crisis, was due to be repaid between 2019-2021, but has now been repaid in full.

Danish finance ministry praises Ireland for its “exemplary” recovery; early repayment will cost Denmark about €10m in interest

All indicators suggest that house price and rental growth will continue into 2018, with double-digit hikes expected in the former and price growth of between 4-7 per cent for the latter. Photograph: Getty Images

‘Confidence, consumer spending and exorbitant property prices are back’

Fusion Antibodies placed 6,707,317 ordinary shares on AIM at a price of £0.82

Belfast company to use funds to expand laboratory space and develop new service lines

A Central Bank report states that branches around the country continue to struggle with a decline in outstanding loans and low interest rates. Photograph: Colin Keegan, Collins Dublin

Number of active branches has decreased from 399 to 269 but assets rise to €16.8bn

The Central Bank has fined Merrion Stockbrokers € 200,000 for failings related to the regulator’s fitness and probity regime.  Photograph: Niall Carson/PA Wire

Fine marks first time a firm has been sanctioned for allowing employees to carry out specific functions without being satisfied th(...)

Pension Bee chief executive Romi Savova says firm will “keep our philosophy to always keep fees fair and transparent”

Pension Bee is looking for partners in the Irish market as it readies 2018-19 launch

Rents continue to hit highs and may average 5-6 per cent in Dublin over the next few years. That would bring the average rent in the capital up to more than €2,000. Photograph: Bryan O’Brien

Even generous relocation packages fail to compensate executives working in capital

The contract also said that if, for any reason, the cost of products used in the build increased, then the developer reserved the right to increase the price of the house.  Photographer: Chris Ratcliffe/Bloomberg

Law Society warns that buying a new build home without contract clause is ‘unsafe’

Grace Park Wood in Drumcondra, Dublin. Latest figures from the Central Statistics Office show that prices in the capital have now soared by 86.4% since the market crashed.

Latest CSO figures show that property values advanced by 12.1% in the year to October

Linked Finance chief Niall Dorrian:  “What we’re doing is giving the opportunity for pension holders to invest in a growing and new asset class.”

Lending specialist Linked Finance launches pension platform for savers keen to diversify

An increasing number of new-build developers are refusing to include the protective clause that was once commonplace. Photograph: Neil Hall/Reuters

Non-conditional contracts mean buyers risk losing money if the sale doesn’t go ahead

Financal software and consultancy group First Derivatives has acquired Telconomics, a privately-held provider of telco analytics software, for up to €2.5 million. Photograph:

Newry company to pay up to €2.5m for Telconomics, a privately-held provider of telco analytics software

Enterprise Ireland chief executive Julie Sinnamon  and Bernd Reichert, head of the ‘SMEs in Horizon 2020’ unit. Photograph:  Chris Bellew/Fennell Photography

Four Irish start-ups secure EU funding of more than €5m to expand their businesses

Car insurers typically won’t take into consideration claims-free bonuses earned in countries other than Ireland.

Rent rises, car insurance prices and health cover are among challenges returnees face

GAN received its first full US gaming licence in April 2017 from the State of New Jersey

Dermot Smurfit-led company says growth is driven by simulated gaming in the US

The Central Bank on North Wall Quay in Dublin: Four retail intermediaries were each fined upwards of €1,000 for failing to hold professional indemnity insurance. Photograph: Alan Betson

Move to act as deterrent and to ensure standards are met

Capital Dock extends over 4.8 acres alongside Sir John Rogerson’s Quay in Dublin’s docklands, with office space for 3,500 staff, and 190 apartments with waterfront views. Photograph: Clodagh Kilcoyne/Reuters

Recruitment site is second major occupier at docklands campus developed by Kennedy Wilson

The Sydney Opera House in Australia. In January of this year, Australia introduced a 15 per cent tax rate on earnings up to 37,000 Australian dollars for working tourists. Photograph: Bryan O’Brien

Working tourists now pay tax at rate of 15%; action won’t yet help Irish visitors to the country

Surge into the rental market means  the vacancy rate across Ireland is now just 1.31%, or 1.41% in Dublin. Photograph: Bryan O’Brien

Report by property group Savills says a record number of people now renting in Dublin

 A worker prepares packages for delivery at an Amazon warehouse. Photograph: Sean Gallup/Getty Images

Irish-based etailers such as Amazon, Ebay and Etsy may have to share data on sales

House prices are rising at an annual rate of almost 13%.

Regulator opts for status quo and moves to retain most rules

The Irish Fiscal Advisory Council says too fast a pick-up in construction jobs could force up wages and erode competitiveness. Photograph: Chris Ratcliffe/Bloomberg

Ifac says too rapid a pick-up in construction could hike wages and erode competitiveness

Potential first time buyers are driving growth in mortgage approvals, new figures show. Pictured is the The Tramyard Exchange off Meath Street, where prices start from €310,000.

Figures show first-time buyers now account for 50% of approvals as rising prices drive up average mortgage loan

On the site of JJ Smyth’s Pub on Aungier Street, Kateo Investments is looking to build 19 short-term accommodation bedrooms in a six-storey building over basement.

Council issues 50-plus letters warning landlords and owners of enforcement action

Photograph: iStock

Online shopping is a huge boon for the time-poor, but beware the many pitfalls

An Garda Síochána employees recorded the highest average weekly earnings in the public sector of € 1,322.32 in Q3 2017, according to new figures from the Central Statistics Office. Photograph: Alan Betson

Public/private sector pay differential continues to widen to €290 a week

 Minister for Social Protection Regina Doherty confirmed on Friday that payments will be automatically paid this week, despite ongoing political ructions. However, she warned that increases for 2018, such as the €5 increase from March in the state pension, are “in limbo”, due to delays enacting the Social Welfare Bill. Photograph: Eric Luke / The Irish Times

Welfare recipients to share €219 million fund, but payment still only 85% of weekly rate

Datalex chief executive Aidan Brogan. Company said  it remains “confident” it will achieve its full year guidance of 15-20 per cent growth in adjusted earnings.  Photograph: Cyril Byrne

Travel software firm on target to achieve 15-20% earnings growth in 2017

Revenues at the Swiss-Irish group fell by 5.5 per cent in the three months to October 31st 2017 to €909.7 million,as currency had a negative impact of 2.9 per cent on revenue. Photograph: Nick Bradshaw

Challenges are ‘unchanged’ at Aryzta as it makes little progress at US Cloverhill bakery

Is your property tax rising or falling htis year? Photograph: Bryan O’Brien / THE IRISH TIMES

No action needed if you’re going to pay the same way as last year; householders in Fingal, Laois, Tipperary and Wexford to pay mor(...)

The Central Bank proposals would introduce restrictions on financial intermediaries describing themselves as “independent”.

Regulator moves towards ending commission from financial services firms to advisers

Park Developments has  just brought one of the largest housing developments in the Sandyford/Stepaside area to the market in recent times at Clay Farm, which will have more than 400 units.

Park Developments benefits from building boost but warns that recent property price rises could reverse

A taste for the good life? New figures show that Irish households spend more in restaurants and cafes than their counterparts across the European Union.  Photograph: Aidan Crawley

Data shows one of the biggest leaps since 2006 for Irish households; but overall burden still less than Denmark and UK

Where free childcare is available in Ireland, such as through the Early Childhood Care and Education scheme, the hours are limited. Photograph: Christopher Furlong/Getty Images

Childcare costs and high taxes contribute to low workforce participation rates for women

You can skip the queues with Ikea’s new online shopping service - but  you mightn’t find the one item you really want. Photograph: Matt Morton/PA Wire

Retailer’s €7.50 country-wide fee for new online shopping will delight, but product choice - while extensive - may disappoint

The move to make the self-employed eligible for State income supports is expected to cost in the region of €23 million in 2018.

Move to provide access to State income supports in cases of serious illness or injury

Services proliferate as fears grow over impact of short-term lettings on the market

Wingly founders Emeric de Waziers, Lars Klein, Bertrand Joab-Cornu: The French company  is hoping to bring the concept of the sharing economy to aviation and is looking for Irish passengers and pilots

French start-up looking for passengers willing to cover costs and light aircraft pilots wishing to pursue their hobby

Financial advisers will still only pay 50% of costs of funding the regulator in 2017

he European Commission’s refusal to establish target timeframes for its antitrust investigations is a clear example of “double standards”, Brian Hayes MEP said on Tuesday, given its strict stance on a timeframe for the Apple state aid recovery. Photograph: CJ GUNTHER/EPA

European Commission ‘refuses’ to accept timeframes for its own investigations Brian Hayes says

Deputy governor of the Central Bank Ed Sibley said he expects all the main banks will be subject to Central Bank enforcement investigations.  Photograph: Niall Carson/PA Wire

Deputy governor says all main banks will be subject to Central Bank enforcement investigations

What might surprise perhaps, is that concentration risk may not just be limited to smaller markets like the Iseq. As Lawrence notes, tech stocks now account for about 25 per cent of the S&P though he says this shouldn’t be of undue concern to people with 2000 still fresh in their minds. Photograph: Kazuhiro Nogi/AFP/Getty Images

Due to heavy role of the banks on the Iseq, and 2007 crash, Ireland isn’t one of them...

Dublin’s biggest earner on Airbnb is a six-bed apartment in the south city centre that generates €163,495 a year. Its average daily rate is €651. Photograph: John MacDougall/AFP/Getty

Top property brings in €163,000 a year; 10 hosts earn over €100,000

Kingspan chief executive Gene Murtagh. The insulation group said on Monday that the outlook for its markets is ‘relatively stable’.  Photograph: Cyril Byrne / THE IRISH TIMES

Insulation specialist says markets ‘relatively stable’ but ‘near-term indecision’ in UK

Unlike in the run-up to the boom, these days construction tends to be weighted more towards the commercial side, with residential development considerably lagging behind. Photograph: iStock

While construction of commercial property roars ahead, building of houses and apartments lags way behind and there is little prosp(...)

Revenue: a class-action  approach would be “an important efficiency measure” which would allow the Tax Appeal Commission to “effectively dispense with individual hearings”.  Photograph: Joe St Leger

Accountants say dealing with Revenue is becoming ‘increasingly fractious’

Goal follows €60m investment in sustainable water treatment technology

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