Former IFA general secretary Pat Smith: walks away with €1.9 million and legal costs. Photograph: Eric Luke

Lobby group will now end up paying out more than the original severance package

 Pat Smith says he is looking forward to developing a successful future  in the renewable energy sector.  Photograph: Laura Hutton/RollingNews.ie

Former Irish Farmers’ Association official took case over severance and defamation

Former IFA general secretary Pat Smith   Photograph: RollingNews.ie

Former boss of farmers’ body had taken defamation action and sued over severance

 Revenue chairman Niall Cody: “A real challenge for Ireland is that 80%   of all imports and exports come either to or from Ireland through Britain”

Revenue plans to fully digitise PAYE taxation in Ireland by 2019

A truck passes a Brexit billboard in Jonesborough, Co Armagh, on the northern side of the Border between Northern Ireland and the Republic. Photograph: PA Wire

Keeping North within customs union irreconcilable with UK position, says ex-minister

In the UK, the tax breaks for company cars were bigger for cars with lower emissions while in the Republic the tax break was bigger the more the car was driven, effectively incentivising pollution, a study has found.  Photograph: Alexander Becher/EPA

Research examined environmental effects of 142 existing and potential fiscal measures

Food Drink Ireland director Paul Kelly said the Irish agri-food and drink sector and its 230,000 associated jobs is uniquely exposed to Brexit, with beef, processed food and dairy the sectors most at risk.

Group wants EU exemption due to possible dire economic consequences

 Bank of Ireland says underlying investment in the Republic is also being boosted by a rise in construction activity

Bank of Ireland’s prediction more than one percentage point higher than official forecast

The CSO’s new measure indicates that government debt peaked at 160 per cent in 2012. Photograph: AP

Central Bank figures reveal slight increase in State’s indebtedness

Plugged in: the Scandinavian/Baltic countries continue to lead the way in terms of the take-up of fibre broadband in Europe

Despite recent criticism, Ireland passes 1 per cent fibre penetration threshold

Fibre broadband: Eir says it could provide high-speed rural connections for a fraction of the proposed State subsidy. Photograph: Karl Hussey/Fennell

Telco ‘repeatedly highlighted’ commercial, regulatory and governance issues

The Government wants one third of the State’s private transport fleet to be electric by 2030. Photograph: Getty

No more coal at Moneypoint, no more petrol or diesel cars after 2030

Experts say study linking processed foods to cancer unlikely to change consumer behaviour

About 542,000 homes and businesses across the State stand to benefit from the State-subsidised National Broadband Plan.

Senior official in charge rejects claim Government has been left on back foot

  Wim Verbraeken, chief executive of KBC Bank Ireland. Photograph: Alan Betson / The Irish Times

Chief executive says situation will be rectified within two months

Jeremy Masding, CEO of Permanent TSB:  said the bank withdrew its appeal when the full extent of the tracker issue became clear. Photograph: Cyril Byrne

SF’s Pearse Doherty says bank’s legal action stalled examination of tracker issue

Minister for Communications Denis Naughten announcing details of the National Broadband Plan last April. Photograph: Cyril Byrne

Party says departure of State’s largest telco had compromised tendering process

Traders work on the floor of the New York Stock Exchange (NYSE) in New York.  Photographer: Michael Nagle/Bloomberg

Investors remain spooked by threat of inflation in US

Irish households remained the fourth most indebted in the European Union behind Denmark, the Netherlands and Sweden. Photograph: Getty Images/Rubberba

Central Bank figures show total household debt stood at €141.8 billion in third quarter

The  National Lottery operator has warned the Government that “parasite lotteries” could divert hundreds of millions of euro from good causes. Photograph: Nick Bradshaw

National Lottery calls for clampdown as bet-on-lottery websites flood Irish market

While official retail sales figures for December have yet to be released, Irish consumer spending is thought to have been driven higher by rising wages. Photograph: Alan Betson

Exchequer returns show €2.4bn VAT collected in January, surpassing pre-crash peak

Those thousands awaiting rural broadband will anxiously be watching for Denis Naughten’s “Plan B”. Photograph: iStock

With just one bidder, Enet, the rural broadband tender process is hanging by a thread

Fergal Mulligan, programme manager of the National Broadband Plan and  Denis Naughten, Minister for Communications. Photograph: Maxwells

High cost of connecting homes in rural parts likely to inflate overall cost of scheme

AIB chief executive officer Bernard Byrne:  fund will  “help accelerate the provision of much-needed social housing and a sustainable property sector.” Photograph: Gareth Chaney Collins

Bank to provide loans on more attractive terms to developers of social housing

 Regional broadband: Eir’s departure renders the Government’s procurement process uncompetitive, a scenario that might prompt a recalibrated tender process. Photograph: Paul Bradley

Too many questions in air as National Broadband Plan reduced to one-horse race

Minister for Communications Denis Naughten, who insisted on Wednesday the Government has not been put in a difficult position by Eir’s sudden withdrawal and that the plan, which aims to equip 542,000 homes and premises with high-speed connectivity, would be delivered on time and at no extra cost to the taxpayer. Photograph: Gareth Chaney/Collins

Minister plays down concerns over lack of competition in Government’s tender process

Eir, which had been favourite to win the National Broadband Plan State contract, said on Wednesday it was withdrawing from the tender because the risks had become “too great for its continued participation”.

Denis Naughten insists tender process will continue and project be delivered at no extra cost

 Traders work on the floor of the New York Stock Exchange. Photograph: Justin Lane/EPA

Investors fret over tumbling oil prices and a jump in borrowing costs

 Patrick Coveney, chief executive of Greencore:  admitted Greencore had 30 per cent overcapacity across its UK and US operations. Photograph: Dara Mac Dónaill

Chief executive makes frank admission at AGM while insisting core business is performing

German telco Yourtel was recently fined €66,000 for repeatedly billing customers – mainly elderly – living in rural Ireland for landline services the company never provided.

Industry watchdogs write to Law Reform Commission seeking overhaul of regulations

 Mark Cassidy, director of economics and statistics and John Flynn, head of Irish economic analysis,  at the publication of the Central Bank’s  first quarterly bulletin  of 2018.Photograph: Alan Betson

Central Bank upgrades forecasts while cautioning about uncertain outlook

Brexit: companies are increasingly uneasy about the uncertain event horizon around the UK leaving the EU

KBC Bank and Chartered Accountants Ireland index now at highest level in two years

ESRI study links tax reforms to increase in female participation in the workforce.

ESRI study links greater female participation in labour force to tax changes in 2000

 EU Commissioner for Competition Margrethe Vestager: Nama’s activities did not breach EU rules

Developers to decide on appeal after seeing detail of Vestager’s decision

Figure was included in new Central Bank dataset on the insurance industry here

 Traffic on the  M50.  The ESRI warned that the current pattern of development was likely to place further pressure on housing in Dublin  and increase the incidence of long-distance commuting, with a knock-on effect on traffic volumes. Photograph: Alan Betson

Think tank highlights growing concentration of economic activity in capital

Bernard Byrne, chief executive of AIB entering Leinster House on Tuesday where he told the Oireachtas finance committee that wrongly switching thousands of customers off low-cost tracker mortgages or applying incorrect interest rates probably boosted AIB’s income by up to €100 million. Photograph: Nick Bradshaw

Bernard Byrne tells Oireachtas finance committee that two people who lost homes have appealed the level of compensation offered by(...)

Revenue gives an example of how streaming video service Netflix could be taxed in France on revenue from subscriptions in France under an EU digital tax. Photograph: Jonathan Nackstrand/AFP/Getty

Revenue says US targeting of multinationals’ tax avoidance could conflict with EU plans

The IMF said the global economy was witnessing “the broadest synchronised global growth upsurge since 2010”.

Washington-based fund forecasts massive once-off stimulus from US tax reform

The fund has also invested in Ireland’s fledgling solar power industry via a joint venture with German solar park operator Capital Stage, which will see €140 million invested in 20 new solar parks across the State

Ireland Strategic Investment Fund (ISIF) unveils year-end review of investments

Conor O’Kelly, chief executive, the National Treasury Management Agency .

State’s refinancing requirement has been halved through prefunding, Conor O’Kelly says

Azon says there are currently over 26,000 job vacancies in GDPR across Europe. Photograph: Getty Images/iStockphoto

Recruiter Azon says there are currently over 400 job openings in GDPR in Ireland

 New figures from Mercer show the combined pension deficits of Iseq listed companies more than halved to €1.1 billion during the course of 2017. Photograph: Frank Miller

Study finds combined pension deficits of Iseq firms fell 56 per cent to €1.1 billion in 2017

The Confederation of British Industry   is expected to call for the future EU-UK relationship to be firmly based on established existing shared rules which already support millions of jobs and communities across Europe

Employers’ group claims plan to leave customs union against interests of UK and EU

While the headline unemployment figures chart a remarkable turnaround,  long-term unemployment is still almost double what it was prior to the crash in 2007. Photograph: Frank Miller

Better trained and educated unemployed a good fit for expanding workforce

A recent KPMG report on the potential benefits of solar energy in Ireland concluded that the industry could reasonably deploy over 3,750 MW of solar from now to 2030. Photograph: PA

Ireland Strategic Investment Fund is to co-invest €140 million in 20 new solar parks

Royal London found that burial plots can cost as much as €9,000, or more. Photograph: iStock

Royal London says families being faced with big bills before life assurance is paid out

Iseq and FTSE edge downwards but main indexes on Wall Street rise

Paschal Donohoe: the Minister for Finance  stopped short of saying his party would support class action legislation. Photograph: Gareth Chaney Collins

Culture won’t change until banks are prosecuted, committee hears

Headline unemployment for December was put at 6.2 per cent, down from the revised rate of 6.4 per cent in November.

Total employment in Republic at 2.2 million in third quarter of 2017, CSO figures show

The Government’s Strategic Housing Development system was brought in last year to address the current housing crisis. Photograph: Frank Miller

Bórd Pleanála concerned over storm water management at proposed Leopardstown scheme

Help-to-buy scheme ‘made housebuilding viable again’. Photographer: Dara MacDónaill

Development system set to facilitate significant amount of student housing

At the time of the EU reforms, there were 285,000 sugar beet growers in the bloc, this has subsequently been reduced to less than 160,000. Photograph:   Pascal Rossignol/Reuters

Organisation understood to be to acquiring 200-acre site in Plumperstown

The Government’s move to offer €20,000 tax rebates to help first-time homebuyers purchase properties has led to a 50% increase in the number of such buyers getting on the property ladder. Photograph: Chris Ratcliffe/Bloomberg

New CSO figures indicate that the programme has boosted demand for housing

Latest official figures from CSO indicate slight moderation in annual price growth

DAX board at the stock exchange in Frankfurt, January 10th, 2018. Photograph: Reuters

Dublin’s Iseq bucks trends falling 76 points to 7,102

Dairy exports now account for one third of all Irish food and drink exports. Photograph: Getty Images

UK accounted for 35 per cent of exports in 2017 despite diversification efforts

The report cautioned, however, that almost 40% of total revenue could be linked to just 10 companies. File photograph: Getty Images

Report suggests that the public finances are vulnerable to vagaries of business tax trends

Central Bank policymakers were presented with a review of the residential property market amid concern that another property price bubble was forming. Photograph: PA

Minutes of November meeting show regulator does not see figures out of line

Minister Eoghan Murphy has signalled a possible overhaul of the LPT.

Rising property prices could see bills go up by as much as 100%

According to Goodbody’s latest housebuilding tracker, there was a 77 per cent rise in the number of new homes built during the first 11 months of 2017.

Goodbody report records big uptick in activity but casts doubt on official data

 The old ESB Headquarters on Fitzwilliam Street.

Seven-storey Dublin offices to be ‘exemplar in sustainability’

Traders  on the floor of the New York Stock Exchange shortly after the opening bell  on Friday. Photograph:  Reuters/Lucas Jackson

Bank of Ireland continues its good run, rising 2.5% to €7.73

Beef exports grew by 5 per cent to €2.5bn. Photograph: Frank Miller

Despite Brexit cloud, Bord Bia figures show meat exports were worth €3.8bn last year

The volume of retail sales increased by 2.6 per cent in November when compared with the previous month. Photograph: Niall Carson/PA Wire

Sales of electrical goods rose ahead of Christmas, CSO numbers show

Growth in construction jobs has taken substantial numbers off the Live Register. Photograph: Bryan O’Brien

Latest figures show number of people signing on dropped by 2,900 in December

Local Property Tax forms sent out by Revenue. Photograph: Bryan O’Brien/The Irish Times

Only 12,500 homeowners have revised their initial valuations over past three years

A couple looking at houses for sale in a estate agent’s window. Net mortgage lending in the Irish economy has increased for the first time in seven years, reflecting the current pick-up in activity in the housing market. Photograph: Peter Byrne/PA Wire

Latest Central Bank figures reflect pick-up in housing market

Minister for Housing Eoghan Murphy TD during an inspection of 29 new rapid-build social housing units at Knocknarea Court, Drimnagh on Wednesday. Photograph: Gareth Chaney Collins 20/12/2017 Minister for Housing, Planning and Local Government Eoghan Murphy TD during an inspection by the Minister of 29 new rapid-build social housing units at Knocknarea Court, Drimnagh. The 29 units comprise 14 three bed and 15 four bed homes. The houses were built by Dublin City Council and Sophia has been tasked with maintaining the development and supporting residents. Photo: Gareth Chaney Collins

CSO recommends housing agencies be classified as public rather than private bodies

The CIF says  Minister for Housing Eoghan Murphy’s recent changes to apartment building standards were a vindication of its  position that apartment building had become too prohibitive

CIF described latest data as ‘clear progress’ in tackling current housing shortage

The cost of public-service occupational pensions is expected to increase from 1.2 per cent of GDP in 2016 to 1.5 per cent of GDP by 2040.

Liability jumps 17% in three years and is calculated on basis of pension increases matching pay rises not consumer prices

Central Bank figures show that, for owner-occupiers, the percentage of loans in negative equity was 8.7 per cent in the third quarter, down from a post-crash peak of 36.2 per cent. Photograph: Peter Parks/AFP/Getty Images

Incidence of underwater mortgages now 25 per cent of 2012 rate, study shows

The survey found an increase in the number of adults describing themselves as financially struggling, which rose 2 per cent to 29 per cent.

Two-thirds of families in financial difficulty had at least one break in last year, Aviva says

The figures show gross national product, which strips out the effects of multinational profit flows, jumped by 11.9 per cent on a quarterly basis.

GDP rise of 10.5 per cent year on year in third quarter raises question of noise in data

In a statement, Impact confirmed that it had contacted Ryanair and sought an immediate meeting with management to “clarify issues and make progress”

Company jettisons long standing policy and says it will negotiate with pilots’ groups

Traders working  the floor of the New York Stock Exchange on Thursday. Photograph: Reuters/Brendan McDermid

Ryanair falls in Dublin as more negative industrial relations news filters out

CSO figures show planning permissions for housing units rose by nearly 21 per cent to 11,148 in the first three quarters of 2017. Photograph: Frank Miller

CSO figures show bias towards low-density housing schemes

The main monthly change affecting November’s consumer price index was a 2 per cent hike in the cost of clothing and footwear

Underlying trend continues to be driven by rising housing costs

420 owner-occupier homes were repossessed by lenders in the third quarter of 2017, up from 340 in the previous quarter. Photograph: Lauren Hurley/PA Wire

Central Bank figures also show arrears in all categories of maturity are declining

ComReg is understood to have been unhappy with the €66,000 fine imposed on Yourtel by the Dublin District Court, given the severity of the company’s actions.

Regulator pursues controversial German telco for failing to provide data on contracts

The Central Bank said the final deal was still subject to complex negotiations, which could swing in different directions.

Despite uncertainty economy set to grow by approximately 5% this year and 4% in 2018

Despite a global economic recovery that continues to strengthen, the review highlights a range of risks to the Irish economy and financial system.

Regulator also warns that Brexit remains chief downside risk to Irish economy

Those who opted to sign up were supposed to be billed by Eir for line rental only and by Yourtel for calls. However, in most cases Yourtel did not even contact Eir to have the customers switched before proceeding to bill them

Judge says actions of German telco Yourtel amounted to ‘deceit and fraud’

Last month a judge found Eir had legitimate grounds in bringing its case against the State and granted a stay on the Comreg process provided Eir pursues its case swiftly.

Fines relates to telco’s alleged failure to comply with obligations to allow others access to network

Ardagh said that closing the five-year facility further diversified its funding sources and enhanced its capital structure.

Packaging giant understood to be unlikely to draw down any cash available under facility

Albert Manifold of CRH said 2018 would be a year of stabilisation at the company with the focus on integrating the newly acquired businesses and delivering on the synergies. Photograph: Gary O’Neill

Chief executive says focus will be on integrating newly acquired businesses

UK currency initially rallied to six-month high against euro before giving up all gains

Due to higher selling prices, Abbey saw revenue in the housebuilding business grow by just over 2 per cent to €90.4 million. Photograph: Lauren Hurley/PA Wire

Company, however, highlights worry about continuing uncertainty over Brexit

Traders on the floor of the New York Stock Exchange. Dublin’s Iseq rose 40 points to 6,994 in line with other bourses in Europe. Photograph: Brendan McDermid/Reuters

Aryzta continues rise even after shareholders oppose executive pay deal at Dublin agm

Live register: 24,951 under-25s signed on in November, a fall of 1,482 since October. Photograph: Aidan Crawley

Youth council voices concern at live register figures amid general jobs rise

Competition and Consumer Protection Commission chairperson Isolde Goggin. Photograph: Eric Luke

Oireachtas Finance Committee accuses competition agency of being afraid of banks

Debt-management agency outlines plans for upcoming year

Council chairman Séamus Coffey said there were a number of questionable assumptions underpinning the department’s forecasts, including the assumption that the United Kingdom was an “average trading partner”. Photograph: Dara Mac Dónaill

Fiscal watchdog warns of more negative and persistent impact on Irish economy

Occupancy levels on Grafton, Henry and Mary streets – Dublin  city’s main shopping thoroughfares – are currently 95 to 100 per cent. Photograph: David Sleator

Transactions slowed considerably in 2017 as Nama and banks wrap up deleveraging

The CSO said the number of workers classified as unemployed was 138,100 in November, down from 141,500 the previous month. Photograph: Getty Images

Ireland’s jobless rate now nearly three points below the euro zone average of 8.9%

Nevin Economic Research Institute director Tom Healy. The think tank said it expected the Republic’s economy to grow by 4.5 per cent in GDP terms this year.

Nevin think tank highlights impact of intellectual property onshoring in latest report

Irish restaurant food supplies business bought by Centra and SuperValu owner Musgrave

Minister for Finance Paschal Donohoe. Photograph: Brenda Fitzsimons

Latest returns for November show public finances are running €200m ahead of target

Broker suggests both shares had hit their target price in recent weeks

Insurer adds Drumcondra branch to its network of 33 sales offices

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