AIB is selling up to 650 distressed mortgages as a part of an ‘ethical’ loan sale, the first of its kind undertaken by a lender in the Republic. Photograph: Paul McErlane/Reuters

Bidders for portfolio of owner-occupier loans will work to keep borrowers in homes

The Republic is a global hub for pharma and medtech, playing host to 24 of the top 25 biggest players, including Pfizer, Johnson & Johnson, Roche, Novartis and AbbVie. Photograph: AFP via Getty

Value of Irish exports increases by €2bn in November on back of pharma sector

Austrian activist Max Schrems settled his judicial review with Ireland’s Data Protection Commission. Photograph Nick Bradshaw

Activist settled his action after DPC agreed to proceed with his Facebook complaint

Minister for Housing Darragh O’Brien. Photograph: Nick Bradshaw

Wave of returning expats now account for a quarter of purchases at top end of market

Minister for Finance Paschal Donohoe has published the Government’s updated roadmap on corporate taxation. Photograph: Julien Behal

Minister for Finance publishes update to Government’s corporation tax roadmap

The differential in mortgage rates costs Irish consumers  as much as €80,000 on a €300,000 mortgage over 30 years

The average rate charged on new mortgages in Ireland was 2.79% in November, compared to a euro area average of 1.31%

Bord Bia chief executive Tara McCarthy warned the extra costs and complexities of trade with the UK post-Brexit are likely to cause significant challenges.

Drinks manufacturing sector responds with call for new plan to ‘really’ live with Covid

Grafton Street, Dublin, during lockdown. Photograph: Tom Honan

Covid Restrictions Support Scheme costing significantly less than €80m a week

David Hall, who runs iCare Housing, says the  decision to allow investment firm Home for Life into the process has “all but ended the scheme as we know it”. Photograph: Collins Courts

Mortgage campaigner David Hall hits out at decision to allow private entity into scheme

There were a 3% increase in cyclists  in Dublin city during off-peak hours in December 2020 compared with December 2019. Photograph: Alan Betson

New CSO figures also points to drop-off in bus and rail travel

Sinn Féin’s Eoin Ó Broin: ‘The big issue now is what is going to happen to the National Asset Residential Property Services when Nama is wound down.’ Photograph: Gareth Chaney/Collins

Agency acquired properties from its debtors for use as social housing

One in four people receiving  the PUP payment were under 25 years of age.

Latest figures for December only partially cover introduction of tighter restrictions

Supermarket sales were down 4 per cent in November. Photograph: Chris Ratcliffe/Bloomberg

Bar trade took biggest hit in November with sales falling 63.9%

Lisney’s report said the Irish property investment market registered a market turnover of €3 billion last year, which is described as a strong performance in light of the pandemic. Photograph: Dara Mac Donaill

Estate agent Lisney cautions vendors while predicting prices will stay firm in 2021

 An empty Grafton Street in Dublin. Lockdown restrictions have pushed the December jobless rate to over 20%.  Photograph: Dara Mac Dónaill

Disaster of no-deal Brexit for the food and drink sector has been averted

’Local delivery by drone is a green technology and also an economically efficient way to provide services to rural communities and isolated individuals.’

Irish Aviation Authority receives first application under new EU drone regulations

IDA chief executive Martin Shanahan warns the State will be fishing for investment in a smaller pool. Photograph: Chris Bellew /Fennell

Agency’s annual report shows multinationals employed record numbers in 2020

Company specialises in customer service technology

Glenveagh Properties chief executive  Stephen Garvey

Dublin-listed housebuilder, however, describes performance as strong given disruption

Big firms in the pharma and IT sectors here have traded strongly through the coronavirus crisis and we can see this via the lens of corporation tax. File photograph: Gareth Chaney/Collins

End-of-year exchequer numbers reveal impact of pandemic on Government’s tax take

A healthcare worker preparing a dose of the Pfizer-BioNTech vaccine at  a hospital in Genoa, Italy. Photograph: Luca Zennaro/EPA

Washington-based bank says near-term outlook remains highly uncertain

Minister for Finance Paschal Donohoe said the  figures pointed to ‘some positive underlying trends in the economy.’ Photograph: Dara Mac Donaill

Latest exchequer returns show sharp increase in spending combined with weaker receipts

The report also noted that mortgage lending had hit a ‘new cycle high’ of €1.1bn in October. Photograph: Tim Ireland/PA Wire

MyHome.ie report puts average asking price nationally at €284,000

The maker of Cuisine de France baked goods acquired a 49%  interest in Picard in early 2015 for €447m.  Photograph: Reuters/Arnd Wiegmann

Swiss-Irish food group sells 4.6% stake in Picard for €24m

The Pfizer and BioNTech trial  shattered all speed records for vaccine development. Photograph: BioNTech via The New York Times

Trial, involving 44,000 participants, was largest trial of a Covid-19 vaccine

File photo. Photograph: Cyril Byrne

Price declines forecast early last year fail to materialise as feverish buying continues

AIB’s sustainability index focuses on Irish attitudes, behaviours and intentions regarding climate and environmental sustainability. Photograph: Getty

Over half of Irish people aiming to live more sustainably in 2021, says survey

The Government’s new Investment Limited Partnership (ILP) legislation  allows for the establishment of special investment partnerships.

New legislation on private funds will enhance Ireland’s offering to the UK post-Brexit

The S&P 500 and the Dow hovered at record levels in choppy trading on Tuesday as bets that fiscal aid will fuel a vaccine-led economic recovery boosted sentiment in the final days of the year.

Ryanair pushes Dublin’s Iseq up as Bank of Ireland and AIB lose ground

An Iraqi investor looks at an electronic board showing shares’ information at the Iraqi stock exchange in Baghdad. Photograph:  EPA/Ahmed Jalil

EU-UK rift over fishing narrows as deadline for deal approaches

Overseas travel to and from Ireland was severely curtailed by the introduction of fresh Covid-19 restrictions in late October and November. Photograph: David Paul Morris/Bloomberg

Latest figures for November coincide with the introduction of tighter restrictions

November saw solid growth in mover purchase activity. Photograph: Peter Byrne/PA Wire

Second half of 2020 sees strong rebound in buyer activity, says banking group

Trucks parked on the side of the motorway near the Euro Tunnel terminal in Folkestone. Photograph: Chris Ratcliffe/Bloomberg

State food agency highlights fragilities of using UK as a landbridge

The Stena Foreteller    will offer an additional 3,000 lane metres of freight capacity per trip and can accommodate both accompanied and unaccompanied traffic.

Ferry company introduces new vessel on its Rosslare and Cherbourg route

Kieran McQuinn:  the ESRI’s  recent forecasts were  before the  UK travel ban, which has created chaos at ports and huge backlogs of freight deliveries

Think tank says compromised freight deliveries could have ‘contractionary impact’

The deal with Legal &  General marks the first large-scale investment in social housing here by a big international player. Photograph: CorporatePhotographersDublin.ie

UK insurance giant and Clúid housing agency announce large-scale investment

Errigal Bay is Ireland’s largest processor of wild Atlantic shellfish and has been supplying Lidl for 13 years. File photograph: Chris Maddaloni/The Irish Times

Processor lands substantial contract to supply company’s stores across mainland Europe

If taxes and duties are imposed, 63 per cent of consumers said they would either stop shopping online or shop less with UK retailers

Most consumers unaware of taxes and duties which may hit goods from UK in January

Builders working on a housing site.  The ESRI has predicted that about 28,000 new units a year will need to be built here to keep up with increases in population out to 2040. Photograph: Ben Birchall/PA Wire

Study by think tank calculates State’s housing need for next two decades

Planning permissions for apartments rose considerably last year on the back of an overhaul in the planning guidelines

CSO figures show number of permissions granted between July and September was 12,942

The percentage of households that owned their home outright or with a mortgage fell from 74.7% in 2006 to 67.6% in 2016.

New data from Central Statistics Office detail changing nature of household tenure in State

Shoppers on a busy Grafton Street for the winter sales in Dublin yesterday. Photograph: Bryan O’Brien

Covid-19 crisis turns modest inflation into deflation

Kieran O’Donnell: ‘In summary Comreg are utterly toothless as regards Eir customer care.’ Photograph: Alan Betson

Regulator tells committee it is Eir’s responsibility to fix problems

The State could transform itself ‘from climate laggard to climate leader’, according to a new report, which highlights the State’s potential to champion green investment in the post-pandemic era.

Study suggests country is uniquely placed to capitalise on shift to green energy investment

Matrix Recruitment’s latest workplace equality survey was conducted in November among 1,414 adults working in a range of industries. Photograph: iStock

Report by Matrix Recruitment finds pandemic has created workplace imbalances

Minister for Finance travels to France, Luxembourg and Belgium

 Laois-Offaly Fianna Fáil TD Barry Cowen: he  said he was confident the next application would  not be refused. Photograph: Eric Luke

Project stalled after department refused immigrant investment programme application

Shareholder advisory group Ethos has recommended Aryzta shareholders vote against the re-election of chairman Urs Jordi, who has only been in the job for two months.

Another twist in fight for control of Swiss--Irish food group

 Ifac warned  the hit to the economy in Ireland could be significantly bigger than the Covid-19 shock

Budgetary watchdog says agri-food and SME sectors are most exposed

As part of its November consumer sentiment survey, KBC asked a number of supplementary questions regarding the impact of Covid-19 on housing demand. Photograph: Tim Ireland/PA Wire

While some see home-buying as a priority, others are more financially constrained

A new report says the supply of housing stock in the year ahead will fall well short of expected current and pent up demand. Photograph: Chris Ratcliffe/Bloomberg

Banking industry body highlights disruption to housing supply from pandemic

NatWest is reported to be considering the sale of Ulster Bank’s €20.5bn loan book in the Republic to US debt firm Cerberus. Photograph: Frank Miller

Minister meets union amid speculation over bank’s operation in Republic

Trade figures show goods exports have held up strongly despite a global downturn, reflecting increased demand for pharma and medical products during the pandemic.

Figures from CSO detect modest downturn in activity

The Co-operative Housing Ireland estate at Brookhill, Carrigaline, Cork

Chief of Co-operative Housing Ireland speaking as Carrigaline development opens

Aryzta owns the Cuisine de France label in Ireland and supplies the likes of McDonald’s, Subway and Lidl. Photograph: iStock

Lodbrok Capital says the food group is on path to restoring relationships with its stakeholders

Some 12 per cent of those on the Live Register were under 25 years of age.

CSO figures highlight impact of further lockdown measures

CSO figures show sharp rebound in activity as lockdown measures were lifted

The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a Covid-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. Photograph: AP

Dublin’s Iseq hits 11-month high as Ryanair and Flutter drive index forward

The car insurance industry in Ireland could save €287m in reduced claims as a result of the Covid crisis

Report suggests two national lockdowns and other restrictions will see 35% reduction in claims this year

“The scale of Government intervention to support businesses mean that today’s Exchequer returns do not provide the clarity that previous November receipts have,” Minister for Finance Paschal Donohoe said.

Exchequer returns for November show sharp increase in spending combined with weaker receipts

In Budget 2021 €5 million was allocated for the development of remote hubs and Minister for Rural and Community Development Heather Humphreys is understood to have made remote hubs a top priority.

Infrastructure may be operated by common booking platform, allowing users book a seat

The latest figures point to a youth unemployment of 47.3 per cent.

Latest figures for November put the youth jobless rate at 47 per cent

An analysis of the results of a number of recent competitions in the Department of Agriculture, Food and the Marine showed  no significant difference in the success rate of male and female candidates. Photograph: Philip Toscano/ PA Wire

Research examines flexible working, promotions and training in Civil Service

Lonely Planet: “No brand represents the magic of the modern explorer better.” Photograph: Daniel Acker/Bloomberg

Travel guide publisher acquired by North Carolina-based Red Ventures

“Fairer recruitment, visible change, and public commitment all played their part” in driving down the pay gap, chief executive David McRedmond said.

Group says fairer recruitment help drive down pay differential

Central Bank has offered to redeploy spare capacity at its currency centre for contact tracing.

Minutes of recent meeting show regulator is engaging with HSE on staff redeployment

“Government spending on State pensions, public service pensions, health, and long-term care will increase in real terms as the population ages.”  Photograph: Getty Images

Irish Fiscal Advisory Council warns about age-related costs into the future

The BPFI said this was the busiest month for mortgage approvals since the data series began in 2011. Photograph:   Dominic Lipinski/PA Wire

First-time buyers drive approvals up nearly 23% year on year

The increase in non-Covid spending next year could be as high as €8.5 billion if non-exchequer funding for local authorities and approved housing bodies is included.

Watchdog says €5.4bn rise in non-Covid spending for 2021 not adequately funded

The surge in savings has been  triggered by a combination of factors, including people putting off major purchases as a result of the Covid-19 crisis

Central Bank figures show households had record €123bn on deposit in October

Supermac’s and Papa John Pizza Counter at the Kinnegad Plaza: City centre locations have been hit hard but turnover and footfall in out-of-town outlets has held up relatively well.  Photograph: Alan Betson

Pat McDonagh says vital US tourist trade will be slow to return to pre-pandemic levels

Minister for Finance Paschal Donohoe: ‘Recent news in relation to vaccines is very welcome, and we are cautiously optimistic that it may herald the beginning of the normalisation phase.’

Report on response to crisis also highlights that Central Bank now holds €44bn worth State debt

Governor of the Central Bank of Ireland Gabriel Makhlouf said the imbalance between demand and supply is likely to persits for an extended period. Photograph: Nick Bradshaw

Governor Gabriel Makhlouf says limits will remain unchanged for 2021

Weekly earnings figures mask compositional changes in several sectors triggered by the Covid-19 crisis, the CSO said.

Average weekly earnings rose by 3.7 per cent to €797.83 in the third quarter, CSO says

German shares jumped 1.3 per cent, with exchange operator Deutsche Börse revealing that the blue-chip index would expand to 40 from the current 30 companies with tougher membership criteria. Photograph: Alex Kraus/Bloomberg

French CAC 40 boosted by news of country’s lowest daily Covid-19 cases in two months

Greencore chief executive Patrick Coveney: ‘The additional £90 million gives us a lot more headroom for downside Covid scenarios’

Patrick Coveney warns sandwich firm will not recover until 2022 as it raises additional £90m

Irish food brand Cuisine de France is owned by Swiss-Irish listed group Aryzta. Photograph: Nick Bradshaw

Cobas says US hedge fund’s bid for group significantly undervalues

A stock trader walking past the New York Stock Exchange on  Wall Street.  Photograph: Getty Images

AstraZeneca’s shares fall 3.8% as traders take into account its vaccine’s lower efficacy rate compared with rivals

Greencore CEO Patrick Coveney: ‘We remain confident that demand for our food-to-go categories will recover strongly as the effect of Covid-19 recedes.’ Photograph: Dara Mac Dónaill

Irish food group – and UK’s biggest sandwich maker – hit by fall-off in demand due to Covid

Moody’s said Covid-19 has triggered a severe economic downturn in Europe, with economic activity contracting “on an unprecedented scale and unemployment rising”.

Rating agency Moody’s says pandemic will prompt greater demand for social housing

The Government’s national development plan envisages a 2030 deadline for the conversion of peat-burning power plants to more sustainable low-carbon technologies. File photograph: Getty

Extent of State support for production and consumption activities revealed by CSO

Coca-Cola Ireland says the new more sustainable cardboard package will remove 200 tonnes of “shrink wrap plastic” from the business annually.

Drinks giant unveils more sustainable multipack cardboard packaging and bottles

Officials from National Broadband Ireland  appeared before the Oireachtas Committee on Transport and Communications Networks to discuss the €3bn  scheme

Company behind €3bn project accused of not providing sufficient information about the rollout on its website

In September, there were 3,193 home sales filed with Revenue, a 22 per cent decline on the same month last year.

Prices in Dublin decline by nearly 2 per cent year on year, according to CSO

The company says it expects the normalisation of crop plantings in the coming period, which will result in improved sale volumes.

Agri-services group also highlights ongoing challenges of Brexit and Covid-19

In Fingal County Council, the average cost of so-called turnkey acquisitions last year was €412,000, compared to €209,300 for the new builds delivered directly by the council. Photograph: Neil Hall/Reuters

New figures show major difference in cost between direct builds and turnkey purchases

The Central Statistics Office said a positive demographic effect contributed an increase of 27,900 to the labour force.

Jobless rate down to 16% in August but rising with latest restraints, according to CSO survey

The Economic Social and Research Institute study revealed that 44% of people received some sort of housing transfer such as rent supplement or electricity allowance. File photograph: Getty

Two-thirds of households in Republic in receipt of at least one of these welfare payments

The Dow hit a record high on Monday after Moderna became the second US company in a week to report positive results from its Covid-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. Photograph:  Angela Weiss/Getty Images

Bank of Ireland and AIB benefit from hopes of a quick economic recovery

Dual or differential pricing refers to the practice of setting different prices in different markets for the same product or service.

Central Bank report finds enhanced technology has made practice more widespread

The value of goods exports to Britain in the first nine months of 2020 was €8.9 billion, a decrease of 11 per cent compared to last year.  Photograph: Alan Betson

Latest trade numbers detail soaring demand for medical and pharmaceutical products

The latest Residential Property Price Index from the CSO suggests prices nationally fell by 0.6% and by a sharper 1.6% in Dublin, where supply pressures are most acute.

Figures, however, point to pick-up in single dwelling completions

Consumer prices were on average 1.5 per cent lower in October compared with the same month last year as the cost of communications, transport, clothing and footwear all fell.

Covid-19 crisis turns modest inflation into deflation

The NTMA’s initial objective of raising between €10 billion and €14 billion was quickly jettisoned as a result of coronavirus and the resulting costs to the State

Agency raises additional €1.25 billion of long-term debt

Large UK food and drink companies supplying the Republic are racing to secure extra storage space in Ireland as the risk of a no-deal Brexit at the end of December threatens their supply chains. Photograph: Alan Betson / The Irish Times

Food industry body says sector will need €700m in financial supports over three years

Brokers Ireland: “If you are in a position to switch and have not reviewed your situation you could be in for a very pleasant surprise.” Photograph: iStock

Brokers Ireland says difference in interest rates costs Irish borrowers up to €78,000

Cushman & Wakefield’s latest quarterly monitor suggests that there were 68 development land sales worth €229 million in the first nine months of 2020.

Report by Cushman & Wakefield reveals impact of pandemic

Gavin Barwell, Theresa May’s former chief of staff, said the UK government deliberately included controversial clauses in its Internal Market Bill, as a bargaining ploy.

Former top official claims parts of controversial Bill designed to exert leverage in talks

The German stock exchange. The ZEW economic research institute said German investor sentiment fell more than expected in November on concerns over a second lockdown.

Banking, energy, auto parts stocks build on Monday’s gains

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