Minister for Finance Paschal Donohoe has indicated that receipts are likely to be higher again this year. Photograph: Gareth Chaney/Collins

Report says 80% of tax collected came from multinationals in pharma, tech and finance

Agency’s earnings data also reveal big sectoral differences in wages

Minister for Communications Richard Bruton will shortly seek Cabinet approval to sign off on the broadband plan and award the contract to preferred bidder, Granahan McCourt.

Cost of the scheme has ballooned to nearly €3 billion, six times the original estimate

Margrethe Vestager, European Commissioner for Competition. Photograph: Dara Mac Dónaill

Move paves the way for contracts with US firm Granahan McCourt to be signed

Aryzta chairman Gary McGann speaking during the company’s annual shareholder meeting in Duebendorf, Switzerland. Photograph: Arnd Wiegmann/Reuters

Food group under pressure to explain payouts to executives

Traders at the New York Stock Exchange. Photograph: Johannes Eisele/AFP via Getty

Germany avoids technical recession but grew just 0.1% in the third quarter

Property prices nationally have increased by 85.3 per cent from their trough in early 2013.

Prices in Dublin fell by 1.3% in the 12 months to September, according to CSO figures

The report found that respondents to the survey were typically living in homes with three bedrooms but were using only two. Photograph: iStock

Financial incentives and support on the sales process could help unlock housing supply

Central Bank deputy governor Sharon Donnery: ‘If supply is not responding to prices, then any move to increase the level of credit is likely to lead to higher housing costs and higher indebtedness.’ Photograph:   Nick Bradshaw

Sharon Donnery warns of ‘re-emergence of a credit price spiral’

House prices in Dublin are now more than nine times the average salary, a level not seen since the height of the boom. Photograph: Sam Boal/Photocall Ireland

Think tank concludes that rapid bounce back in prices is in keeping with economic fundamentals

President Michael D Higgins at Áras an Uachtaráin

Michael D Higgins cites ‘unbridled consumption’ and ‘environmental destruction’

BT Ireland is understood to have been briefing staff and clients about the transaction. Photograph: AFP/Getty Images

Telecoms giant said to have agreed deal which values Irish business at €300m

Minister for Communications Richard Bruton. Photograph: Dara Mac Donaill

Minister says officials are still finalising State aid element of €3bn scheme

According to a new report, there were 7,596 commencement notices or housing starts in the third quarter of 2019

Figures from Building Control Management System point to rise in housing starts

Traders work on the floor of the New York Stock Exchange. Global markets are reacting positivity to perceived improvements in world economic outlooks. Photograph: Epa/Justin Lane

Markets report: Lufthansa jumps after unveiling cost-cutting plan

The report  noted that building commencement notices, a strong indicator of future supply, fell by 18.5 per cent during the three month period. Photograph: PA

Dublin Economic Monitor shows 14 per cent fall in house completions in three month period

Transport prices, including air fares, petrol and diesel, fell 0.6%. Photograph: Nick Ansell/PA Wire

Latest consumer price index show inflationary pressure in Irish economy remains weak

   The Beacon South Quarter complex at Sandyford, Co. Dublin. Photograph: Eric Luke / The Irish Times

Group says increase in commercial rates will place too much financial strain on businesses

Home Building Finance Ireland publishes update on operations to date

Whiskey joins products such as Parma Ham and Manchego Cheese in securing the protection.   Photograph: iStock

Hogan hails new deal between Brussels and Beijing to protect native food products

Kerry Group HQ in Naas, Co Kildare. The company has been on a major acquisition drive to keep up with shifting consumers trends.

Food group says revenue increased by 10 per cent for nine months to end of September

 Twinlite’s 376-unit rental scheme in Clongriffin in north Dublin which will be rented out and managed by a new smart online platform, vestaliving.

Rent at Twinlite’s Clongriffin scheme includes utility, refuse and broadband bills

 Global markets are reacting positively to perceived improvements in world economic outlooks, particularly an easing of tension on US/China trade. Photograph: Justin Lane/EPA

In Dublin, AIB bucks upward momentum across financials on foot of planned job losses

Edward Crawford, US ambassador to Ireland, speaking at the Aspire entrepreneurial workshop series. Photograph: Dara Mac Dónaill

US ambassador to Ireland Edward Crawford addresses entrepreneurship event in Dublin

‘Given that Ireland is close to levels of full employment, employers will find it hard to attract talent.’ Photograph: Chris Ratcliffe/Bloomberg

Ongoing strength of labour market reflected in latest jobless numbers

The business activity index includes everything from hotels and hairdressers to IT firms and telecoms. File photograph: Getty

Purchasing managers’ index for service sector now at the lowest level since August 2012

Minister for Finance Paschal Donohoe had originally signalled that 2019 receipts would be behind what was an ‘exceptional 2018’. Photograph: John Ohle

Business tax windfall leaves Government ahead of target by €660m

The deal sets out the rules of engagement between banks or funds and Mabs, when they are representing borrowers. Photograph: Aidan Crawley

Deal between consumer group and banking lobby gets support of vulture funds

The latest monthly numbers were almost entirely driven by the pharma-dominated modern sector, which rose nearly 17% in September

Latest monthly numbers show output here rose 9.4% in September

In New York, the tech-heavy Nasdaq hit a record high for the first time since July, while the benchmark S&P 500 notched its fourth record high this week. Photograph: Justin Lane/EPA

In Dublin, AIB jumps on news of another sell-off of bad loans

Minister for Business, Enterprise and Innovation, Heather Humphreys: “Our country has made huge strides since the recession.”

Minister for Business Heather Humphreys promises major overhaul in wake of findings

 Central Bank deputy governor Ed Sibley said the ultimate outcome of the Brexit process was still far from certain. Photograph: Jason Clarke Photography

Central Bank deputy governor says deal allows for increased divergence in trade

Irish travellers not among those who can reclaim tax paid on working holidays

Smurfit Kappa  chief executive Tony Smurfit. Photograph:   Brenda Fitzsimons / IRISH TIMES

Packaging group announces 11 per cent jump in earnings for nine months to end of September

Bamk of Ireland said customer loan volumes were €78 billion, an increase of €1 billion since the end of December 2018

Bank says its non-performing have reduced to €3.8bn

David McCourt’s company has been shortlisted for Project Stratum, the North’s £165 million broadband rollout project, after the initial stage of procurement. File photograph: Jason Clarke

Preferred bidder for Government’s NBP project vies for similar project in the North

KBC’s latest homebuyer survey found purchasers were planning to live longer in the homes they buy, with two-thirds intending to live there for more than 10 years. Photograph: Getty Images

Austin Hughes says buyers increasingly want to future-proof their home purchases because of dysfunction of the market

Consumers are more cautious about spending on big-ticket items

September sales buoyed by strong pick-up in sales of hardware, paints and glass

Fiona Muldoon is to step down as chief executive of FBD Insurance  in October 2020. Photograph:  Photograph: Eric Luke

Former regulator had been in charge of the insurer since 2015

Insomnia’s Vegan Chick*n Fillet Roll. ‘The way they’ve stylised it is exactly the same way as I have stylised mine,’ Sam Pearson of the Vegan Sandwich Company said

Artisan food producer says coffee chain’s sandwich bears striking resemblance to his one

As chairman of AIB Richard Pym repeatedly clashed with Government over the pay restrictions for bailed-out banks.  Photograph: Eric Luke

Brendan McDonagh has been appointed as deputy chair until a successor is chosen

€100 million deal is part of sequence of deals involving traditional banks and payment firms

Semi-state is undergoing major overhaul in face of shift away from traditional mail business

Eir said its initial rollout is supported by 100 sites and that an additional 100 sites would come on stream in the coming weeks. Photograph: Maxwells

Dublin, Cork, Limerick, Galway and Waterford among first counties to avail of new tech

Swiss food giant employs around 750 people in the Republic

The figures show first-time buyers in Dublin typically had an average income of nearly €90,000, compared with an income of €68,454 for new buyers outside Dublin. Photograph: Niall Carson/PA Wire

Central Bank figures show household debt here equates €28,186 per person

Staff leaving at Molex plant in Shannon on Tuesday. Its impending closure was ‘a global decision made on the basis that 75% of the product they manufacture in the Shannon plant is at end of life’. Photograph: Eamon Ward

Electronic component manufacturer announces plan to shut plant by end of 2020

The third quarter recorded turnover levels in excess of €786 million across 33 commercial property  deals. Photograph: Cyril Byrne

Cushman and Wakefield link uptick to low interest rates across Europe

The passenger traffic  increase of 4 per cent on last year makes it the busiest September in the airport’s 79-year history.

Almost 25.5 million passengers have travelled through Dublin Airport so far this year

The report indicated housing completions were up 34 per cent in the third quarter of 2019, bringing the total so far this year to 15,400. Photograph: Rui Vieira/PA Wire

Broker says its forecast for 24,000 housing completions now unlikely to materialise

The survey found that 78%  of Irish people fear  that the current period of economic buoyancy will  be followed  by a sharp downturn

Survey also finds that Brexit in any form is seen as a threat

President of the European Commission Jean-Claude Juncker and British prime minister Boris Johnson during a press conference in Brussels on Thursday. Photograph: Olivier Hoslet/EPA

Concerns remain about the proposed arrangements as sterling swings dramatically

President of the European Comission Jean-Claude Juncker, right, and UK prime minister Boris Johnson shake hands during a press conference on the Brexit deal in Brussels on October 17th. Photograph: EPA/OLIVIER HOSLET

Customs expert warns that open border between tariff regimes was an invitation to smuggle

Certain supplements for specific groups will be exempt from the new VAT treatment.

Bill to give legal force to budget also provides for series of anti-tax avoidance measures

Kenmare Resources managing director  Michael Carvill: Production and operating costs tracking well against guidance in the third quarter.  Photograph: Bryan O’Brien

Miner to pay shareholders maiden dividend despite slippage in shipping finished product

The Aviva Stadium is scheduled to host three group games and one Round of 16 game in what, the study said, will be the biggest sporting event to be held in the State. Photograph: Cathal Noonan/Inpho

Study assesses impact of UEFA Euro 2020 tournament on economy

The Central Hotel was purchased in a joint venture between Deutsche Finance International and BCP Capital for a figure close to €40 million

Report by Cushman & Wakefield highlights significant pick-up in activity in sector

Rankings by consultancy Brand Finance suggests Ireland is fastest-growing brand in Western Europe

 Taoiseach Leo Varadkar and  British prime minister Boris Johnson. Despite the cloud of Brexit hanging over the Irish economy, the survey found Irish SMEs were the fourth most optimistic about the performance of their domestic economy. Photograph:  Noel Mullen/AFP

Report Bibby Financial Services highlights challenges faced by businesses here

The institute, which had offices in Lower Mount Street, was affiliated to the International Federation of Purchasing and Supply Management

Institute of Purchasing and Materials Management ran courses in supply chain management

Minister for Business Heather Humphreys, who is  due to attend a series of meetings on key areas of trade, including digital and technology, life sciences and industrial, and financial services industry events. Photograph : Laura Hutton

Minister starts five-day trade mission with 50 Enterprise Ireland client companies

Minister for Finance  Paschal Donohoe. The Irish Fiscal Advisory Council’s  chairman said the Government’s target of a small budget surplus of €600 million this year was “totally inappropriate”. Photograph: Brian Lawless/PA Wire

Fiscal council says exceptional corporation taxes flatter Government’s budgetary position

The bank said the rate of new order growth eased for the third month running. Photograph: Krisztian Bocsi/Bloomberg

Ulster Bank PMI says firms cited negative Brexit impact on overall demand conditions

Ryan Smith, co-founder and chief executive of Qualtrics

Company is on major expansion drive on foot of increasing demand for services

The Central Bank said a hard Brexit would lead to an   unemployment rate of nearly 7 per cent, and a significant decline in consumption and investment. Photograph: Alan Betson

Bank says no-deal will see 73,000 fewer jobs and contraction in domestic activity

Prices in Dún Laoghaire-Rathdown, typically seen as an indicator of where the market is going, declined by 6.1 per cent. Photograph: Tim Ireland/PA Wire

Latest figures show prices in Dublin fell for second consecutive month

Minister for Finance Paschal Donohoe ahead of delivering his budget speech to the Dáil this week. Photograph: Dara Mac Dónaill

Plan would give bigger states more rights to levy tax on income earned in their territories

Traders monitor prices in the S&P options pit shortly after the open on the Cboe Global Markets trading floor,  in Chicago on Wednesday. Photograph:  Scott Olson/Getty Images

Ryanair was Iseq’s big mover, jumping 5.5 per cent on the day

On Wednesday, the OECD Secretariat released a consultation document, containing the broad outline of its proposals, which have still be to agreed by member states

A quick guide to the OECD’s move to reform global tax system and what it means for Ireland

Minister for Finance Paschal Donohoe. The Government’s planned move to a €80 per tonne carbon tax is expected to net the exchequer €6bn

Budget 2020: report assesses sustainability of recent business tax windfall

Taoiseach Leo Varadkar at an announcement of plans to abolish the USC by 2020 as part of Fine Gael’s long-term economic plan. Photograph: Dara Mac Dónaill / The Irish Times

Budget 2020: High-level Government report also warns plan is likely to prove complex

Paschal Donohoe: €6 per tonne hike in carbon tax is first step towards fulfilling  Government’s pledge to raise price of carbon from €20 to €80 a tonne by 2030.

Budget 2020: Climate change the ‘defining challenge of our generation’, says Minister

   Minister for Finance Paschal Donohoe: “I will not commit to across-the-board tax cuts at this time of economic uncertainty”.

Budget 2020: Minister unveils only minimal changes to personal tax code

New car sales figures reflect the gradual shift to greener motoring. Photograph:  Florian Gaertner/Photothek via Getty Images

CSO figures show sales of electric vehicles rose by 157 per cent to 2,904 this year

‘The tool that the EU always uses is market discipline,’ according to chief economist at New York-based PineBridge Investments Markus Schomer.

Dose of market discipline may be needed to break deadlock, says leading economist

Kepak head of sales north America Joanne Farrelly, managing director  John Horgan, Minister of State for Food Andrew Doyle and Bord Bia chief executive Tara McCarthy at the announcement of the US venture.

Irish processor becomes first European meat firm to gain access to lucrative mince market

Accounts filed for the think tank show its director Alan Barrett earned a salary of €172,553 in 2018, marginally up on the previous year.

Accounts for think tank show it generated an income of €11.3 million last year

The Plumbase sale ‘secures future opportunities for Plumbase, its employees and other stakeholders as part of an enlarged specialist plumbing and heating business,” Gavin Slark, Grafton chief executive, says. Photograph: Nick Bradshaw

Builders’ merchant group says sale followed strategic review of business

The Parliamentary Budget Office said that in the event of an orderly Brexit or an extension beyond the October deadline, current economic growth indicators suggest an economy that may face a risk of overheating in the short to medium term. File photograph: Getty

Stark warning from Parliamentary Budget Office indicates no deal Brexit to cost €6.5bn

Former Tullow chairman Aidan Heavey. Tullow expanded rapidly in the 2000s through a series of acquisitions.  Its fortunes, however, turned sharply in 2014

Boru Energy to be headed by Heavey and Tom Hickey and will target assets in Africa

CSO data show number of people classified as unemployed was 126,900 in September

Gap exists despite fact men and women make similar percentage contributions to their pensions. Photograph: iStock

Irish Life research finds big differences in base salaries driving significant gender gap

Mortgage lending here increased in net terms by €30 million in August and by €1.1 billion year on year, or 1.5 per cent.

Central Bank figures show growth in mortgage lending driven by fixed-rate mortgages

Regulator issues prohibition notice against Michael Kearns

A breakdown of the latest figures shows the sectors with the largest month-on-month volume increases were motor trades (12 per cent ) and bars (10.6 per cent).

Latest positive figures come despite concern Brexit would dampen business

The Dublin Airport Authority (DAA) survey suggests few passengers believe the airlines will pass on any reduction in charges

Survey by DAA suggests passengers believe money should be invested in facilities instead

The move would extend Virgin’s reach by a third overnight. Photograph: Chris Ratcliffe/Bloomberg

Partnership would be a serious threat to Eir, which dominates regional markets

The ESRI revised down its housing completions forecast for this year from 23,500 units to 21,000.  Photograph: Chris Ratcliffe/Bloomberg

ESRI’s latest commentary predicts slowdown in housebuilding despite strong demand

Minister for Finance Paschal Donohoe has signalled he will have a budget day package of €2.8 billion  but will borrow more to fund contingency measures to deal with a no-deal Brexit if needed. Photograph: Brenda Fitzsimons

ESRI warns economy could fall into recession in event of disorderly Brexit

British prime minister Boris Johnson said in the House of Commons on Wednesday he had discussed  alternative arrangements for the post-Brexit border with Taoiseach Leo Varadkar in New York on Monday. Photograph: PA Wire

Supplementary budget may be needed if Brexit delivers sharp shock, think tank says

The CSO figures also indicate that while the gender differential in the participation rates between men and women here is falling, it remains wide

CSO figures show participation rate for women is 56% compared to 70% in Germany

Revenue Commissioners: “There is a real risk that other corporations will be deterred from investing in Ireland for fear that similar tax demands may be made against them in future.” Photograph: Nick Bradshaw

Edmund Burke Institute says Ireland’s reputation for tax certainty is being undermined

Eir denied there was an issue with the rollout of fibre to 300,000 homes. Photograph: Alan Betson

Rivals say they are unable to connect customers to company’s new fibre network

The OECD downgraded the economic forecasts for almost all of the countries it examined, citing trade tensions among the drivers. Photograph: iStock

Think tank suggests impact will be extremely negative even with smooth adjustment

The institute said that a person earning €75,000 pays eight times more personal tax (income tax, USC and social insurance) than someone earning €25,000. Photograph: Bryan O’Brien

Irish Tax Institute calls for tax base to be broadened amid mounting risks

Pascal Saint-Amans, the tax director at the Organisation for Economic Co-operation and Development speaking at the Irish Times/PwC Tax Summit.

OECD tax director also criticises State’s slow move to phase out ‘double Irish’ loophole

PwC/Irish Times tax summit: Minister says resources will be available to those in need

  Beef and sheep farms face ‘significant viability challenges’ as they rely heavily on subsidies from Brussels, according to a Central Bank analysis. File photograph: Jeff J Mitchell/Getty Images

Warning comes as Northern Secretary holds talks aimed at restarting Stormont assembly

The Society of Chartered Surveyors Ireland  said high levels of activity in the construction sector were having an inflationary impact on construction prices.

SCSI’s rebuilding cost guide shows average cost of rebuild in Dublin is nearly €208,000

Specialist beef production is the most common farm type or activity but also delivers the worst returns. Photograph: Alan Hopps via Getty

Central Bank research says beef and sheep farms the most economically vulnerable

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