Eoin Burke-Kennedy

Eoin Burke-Kennedy

Eoin Burke-Kennedy is a business journalist with The Irish Times

A new platform that allows users to find a solicitor and conduct legal consultations online has been established. Photograph: iStock
New legal platform allows users find and engage solicitors

VideoLaw aims to streamline the process of finding the right legal advice

AIB chief executive Colin Hunt. Photograph: Nick Bradshaw
AIB adopts new sustainable lending measures

Bank plans to categorise loan book on basis of sustainability

The latest KBC Bank Ireland consumer sentiment index fell from a two-year high of 87.2 in June to 84.9 in July. Photograph: Dara Mac Dónaill
Consumer sentiment dips amid concerns Delta variant may stall recovery

Latest survey by KBC Bank Ireland detects anxiety at pick-up in Covid-19 case numbers

US markets were mixed on Thursday as a report showed jobless claims increased last week while the country still reckons with the economic impact of the Covid-19 pandemic and yields on safe-haven assets such as US treasuries were little changed.
Dovish ECB and upbeat earnings support euro-zone stocks

ECB pledges to keep interest rates at record lows for even longer

ISME found the number of respondents who believe their business can operate for more than nine months has increased to 68 per cent, up 5 per cent from April. File photograph:Gareth Chaney/Collins
Nearly two third of SMEs still availing of wage supports – survey

Isme study finds more businesses believe they can survive more than nine months

Lidl has more than 12,000 stores worldwide including 210 in Ireland and a market value of close to €10bn. File photograph: The Irish Times
Lidl appoints Irish man Ken McGrath as deputy chairman

Executive expected to take over top board role in the near future

Bausch & Lomb is one of the largest employers in the southeast, employing more than 1,500 people.
Bausch & Lomb to invest €90m and create 130 jobs at Waterford plant

Contact lens manufacturer announces major new investment

Dr Lisa Creaven and Dr Venessa Creaven, two of the three co-founders of Spotlight Oral Care
Spotlight Oral Care secures €12m investment to drive EU and US expansion

Galway-based dental care brand projects turnover will triple in three years

Of the 30 sectors assessed, IrishJobs said 21 posted both quarterly and year-on-year increases.
Job vacancies rebound to pre-Covid levels, recruiter says

Quarterly data from IrishJobs.ie shows leap in postings with work from home jobs up 77%

Interactive Brokers offers global trading on 135 market centers including all US markets, serving individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers.
Interactive Brokers announces new flat fee structure to entice European investors

Company says it will charge a flat €3 for trades up to €6,000 in value

Average incomes in the dairy sector rose by 13 per cent on foot of lower production costs and increased milk volumes. Photograph: Sean Gallup/Getty Images
Farm incomes in Republic rise by 9% despite pandemic

Annual survey by Teagasc shows farmers benefitted from lower input prices in 2020

Ian Talbot: “As a priority we must ensure that Budget 2022 supports urban recovery and tackles vacancy, both residential and commercial”
Government urged to address vacancy and dereliction in towns and cities

Chambers Ireland says addressing these structural issues could revitalise urban environments

The average per-unit cost of the leases was €17,000, or over €425,000 on a typical 25-year term. Photograph: Alan Betson/The Irish Times
State increasing reliance on ‘costly’ social housing leases

To date this year, 918 new social units leased, while 1,000 leased in all of 2020

Emmet Creighton: “Lintil simplifies the home-buying journey by providing an easy-to-use online platform where they can manage their entire experience, and easily get access to the best service providers in the market.”
Online property platform Lintil offers one-stop shop for homebuying

Emmet Creighton aims to make purchase easier and secure cheaper professional fees

A Digicel store in Savusavu. Covid-19 travel restrictions across the region have made it difficult for suitors to carry out site visits.
Australian telco Telstra bids $2bn for Digicel’s Pacific operation – report

Deal for sale of Pacific operations of Denis O’Brien’s mobile business has been expected

Minister for Public Expenditure Michael McGrath and Minister for Finance Paschal Donohoe: The summer economic statement, with its much bigger deficits – likely to fund a new housing programme – marks a sea change. Photograph: Nick Bradshaw
Donohoe dumps balanced-budget strategy as politics of housing bite

Accomodation crisis triggers risky change in Government’s budgetary stance

Minister for Finance Paschal Donohoe.
Government’s budget deficit for 2020 revised up to €18.8bn

€20 billion year-on-year deterioration reflects impact of spending on Covid supports

European Commission president Ursula von der Leyen unveils the bloc’s new climate targets in Brussels on Wednesday. Photograph: AP Photo/Valeria Mongelli
Five potential flashpoints in EU’s ambitious climate change plan

Environmental groups claim target shy, while industry views pace of change as too swift

The Central Statistics Office said exports to Britain accounted for 9 per cent of total exports. Photograph: Collins
Value of Irish exports rose by €800m in May, CSO figures show

Brexit continues to see increased level of trade between Republic and North

Personal consumption expenditure, a measure of consumer spending on goods and services, fell by 10.4% in 2020. Photograph: Dara Mac Donaill
Irish economy grew by almost 6% last year despite pandemic

CSO figures show Ireland had one of strongest growth rates in the world

The Minister for Finance Paschal Donohoe. The Summer Economic Statement sets the Republic on a new economic path. Photograph: Stephanie Lecocq/EPA
Q&A: Why has the Government changed its economic policy?

The Summer Economic Statement marks a big change in budgetary direction

Sales are growing in nearly all price categories, but the pick-up is most pronounced at the top end of the market with sales of properties worth €800,000 or more up almost 30 per cent. Photograph: Frank Miller
State must build half a million homes by 2036, estate agent claims

Sherry FitzGerald estimates 37,000 units needed per annum over next 15 years

The Stability Programme put forward by Paschal Donohoe in April had pencilled in a deficit of just €800 million for 2025. Photograph Nick Bradshaw
Coalition's budgetary policy has radically altered in three months

Analysis: Goal of a balanced budget by 2025 – set out in April – has been jettisoned

European Commission president Ursula von der Leyen, EU economy commissioner Paolo Gentiloni and energy commissioner Kadri Simson unveils the EU climate plan in Brussels on Wednesday. Photograph: Thierry Monasse/Bloomberg
Businesses fear carbon tariff will be too complex to administer

Concerns raised about EU’s proposed carbon border adjustment mechanism

The CSO says existing dwellings accounted for 84 per cent of the homes purchased. Photograph: Bloomberg
House prices rise at fastest rate in 2½ years

Dublin values rise by 4.9% over 12 months while prices outside capital increase 6.2%

Minister for Housing Darragh O’Brien: “Once completed, the next meeting of the working group will consider the options available for resolving this legacy issue.”
More than 2,000 unsold affordable housing units still on council books

Units delivered prior to economic crash have cost State €86m in debt-servicing costs

Locked-down Dublin. Only Chile, Czech Republic, Iceland and Israel were expected to have a slower labour market rebound than the Republic. Photograph: iStock
Irish labour market not expected to recover from pandemic until 2024

OECD report suggests Republic will have one of slowest such rebounds of any country

Glenveagh’s 385-unit Taylor Hill development in Balbriggan contains a mix of private, social and cost rental homes.
State’s first cost rental homes unveiled in north Dublin

New tenure model will see homes rented at 25 per cent below market rate

The Nasdaq hit a record high on Tuesday as growth-focused sectors gained, while Beijing’s regulatory crackdown hammered shares of several US-listed Chinese firms
European shares retreat as investors turn to bonds amid economic uncertainty

BP and Shell fall in London as oil prices slide

Minister for Finance Paschal Donohoe. Photograph: Julien Behal Photography/PA Wire
PwC urges Government to extend pandemic wage-support scheme

Main scheme should be extended until mid-2022, consultancy firm says

Irish dairy cows fixed with technology that collects and measures methane emissions as they graze on grass at Moorepark Teagasc Food Research Centre in Fermoy.
Global emissions from agriculture set to rise by 4% over next decade, report says

Major UN, OECD study pinpoints livestock production as major problem areas

Michelle Murphy and Seán Healy of Social Justice Ireland.
Government ‘should adopt’ minimum effective corporation tax rate of 10%

Social Justice Ireland calls for reform of business tax code here

The DBRS report cautioned that the concentration of corporate tax receipts in only a handful of companies exposes the Irish exchequer to budget risks. Pictured above is Minister for Finance Paschal Donohoe. Photograph: EPA
‘Forced change’ to Ireland’s corporate tax rate could trigger migration of activity

Report by DBRS Morningstar, however, describes risks to Ireland as ‘distant’

House price inflation jumps to 11% on weak supply

Property company DNG publishes latest house price gauge

We’re also not unique – property markets across the globe are failing young people. Photograph: Chris Ison/PA Wire
The Irish don’t have an obsession with property, the market just doesn’t work

Quaint to think Ireland’s history of land eviction having effect on first-time buyers now

Grafton chief executive Gavin Stark .Photograph: Cyril Byrne / THE IRISH TIMES
Grafton completes €199m acquisition of Finnish PPE maker IKH

Irish building materials group gains foothold in Finnish market

According to StoryToys, its apps are available in up to 28 different languages and have been downloaded more than 100 million times across 120 countries
UK’s Team17 acquires Dublin-based StoryToys for €22m

StoryToys chief says Team17 is the ‘perfect home’ for the app developer firm

Sharon Donnery, deputy governor of the Central Bank: ‘What’s at the heart of the mortgage measures is affordability and not having people take on debts that they ultimately can’t afford to repay.’ Photograph: Nick Bradshaw
Relaxing mortgage rules could fuel another credit bubble, warns top banker

Central Bank to review its lending rules amid calls to loosen strict criteria for borrowers

The Government has introduced rules for “rent pressure zones” to cap rent rises at the rate of inflation. Photograph: PA Wire
State’s private rented sector trebles in size in 21 years

Rental sector accommodates one in five households, housing conference hears

Minister for Finance Paschal Donohoe: the Republic could lose up to a fifth of its overall corporate tax revenue if the global tax proposals are adopted. Photograph: Julien Behal
Multinationals channelled €27bn through Ireland in 2016, report claims

Study indicates State is second-largest beneficiary of ‘profit shifting’ in EU

Dublin scored well in terms of the lack of air, noise and light pollution. Photograph: Dara Mac Dónaill/ The Irish Times
Dublin’s high living costs sees it rank mid-table in best cities survey

Capital scores highly for remote working infrastructure but not for cost of renting home office space

“Housing investment was hampered by the closure of many building sites until April, but activity is forecast to rebound over the remainder of the year,” the Central Bank says. Photograph: Gareth Fuller/PA
Central Bank warns of 25,000 fewer new homes due to pandemic

Covid-19 and savings build-up may stoke housing crisis, says regulator

Production rose for the fourth month running, ‘the most sustained period of growth in over two years while new export orders also rose strongly but at a slower rate than total new work. Photograph: iStock
Manufacturing activity stays near record high as new orders rise at fastest rate ever

AIB’s June PMI points to strong pick-up in activity as economy gradually reopened

The Central Bank’s director of economics and statistics Mark Cassidy said household deposits – a proxy for savings – had increased by €21 billion over the past 18 months. Photograph: James Forde/The Irish Times
Economy set for surge as households to splash €12bn savings

Central Bank upgrades growth forecast while warning on public finances

The youth unemployment rate was put at 44 per cent, one of the highest rates on record. Photograph: iStock
State’s unemployment rate falls to 18% as outdoor hospitality reopens

Decision to delay full reopening likely to slow recovery

Outdoor dining on Fade Street in Dublin after some lockdown restrictions were lifted. This impacted on the sale of alcohol in supermarkets as people ventured out for a drink. Photograph: Gareth Chaney/Collins
Irish consumers spend €94m less on supermarket booze as pubs reopen

Shoppers avail of chance to eat and drink away from home as economy reopens

There has been a significant rise in the purchase of homes in the Co Wexford resorts of Rosslare and Kilmore Quay (above) since the pandemic
House prices in Wexford, Waterford and Kerry jump by over 20%

Remote working and purchasing of holiday homes drive prices in the three coastal counties

Irish consumers flocked to newly reopened shops to buy clothes and other goods in May as non-essential retail reopened after months of lockdown.
Retail sales advance in May as consumers flock to reopened shops

Latest CSO data point to 1.8 per cent rise on previous month

Outdoor dining on Fade Street, Dublin. Ibec said while Ireland was a few weeks behind much of the EU in terms of reopening, the full lifting of restrictions should trigger a positive bounce in retail
Ibec warns Government spending on Covid will limit potential for tax cuts

Employers’ group upgrades growth forecast for economy but warns of need for fiscal discipline

‘Inflation is less severe in Dublin than elsewhere and, outside Dublin, less severe in the other cities than the rest of the country’
House prices surge 13% as ‘red hot’ demand outstrips supply

Reports from two property websites reveal strong pick-up in price growth

The Government has pledged up to €2 billion in support to electricity generators over the next decade through the Renewable Energy Support Scheme in a bid to meet 2030 carbon-reduction targets. Photograph: Norm Betts/Bloomberg
Government failing on most basic climate actions, solar energy group claims

Association says delay in key scheme will jeopardise carbon-reduction targets

More than one million Irish taxpayers – half the State’s workers – do not know their personal tax obligations, a survey by tax advisory group Taxback.com has found.
Half of taxpayers unaware of personal tax obligations, survey finds

Study finds widespread confusion around tax filing requirements for both PAYE and non-PAYE income

Loyalists take part in an anti-Northern Ireland Protocol rally in Portadown, Co Armagh.
Brexit inflames North’s identity politics

Economic advantages of NI’s new trading arrangement overlooked by rejectionist rhetoric

The CSO said that productivity in sectors dominated by foreign-owned multinationals rose 8.8 per cent annually during the period, while productivity in the domestic sector rose by 0.83 per cent a year. Photograph: Dara Mac Dónaill
Labour productivity in Republic grows at three times EU rate

However, much of the growth is driven by multinationals and the transfer of intellectual property assets here

Minister for Finance Paschal Donohoe. Ifac has been at loggerheads with the Government over its future spending plans, suggesting its financial projections “ lack credibility”
Ifac warns ‘permanent spending’ increases will limit Government’s financial options

Budgetary watchdog launches calculator that lets users explore budgetary options

Standard & Poor’s says Irish banks entered the current crisis with healthy capitalisations and robust liquidity profiles, which allowed them to set aside large provisions last year. Photograph: Brendan McDermid/Reuters
S&P maintains negative rating for Irish banks amid ‘profitability challenges’

Rating agency says exits of Ulster Bank and KBC underscores difficult operating environment

Glenveagh chief executive Stephen Garvey and chief financial officer Michael Rice publishing their annual results for 2019 at their offices on Merrion Square. Photograph: Alan Betson
Glenveagh sells planned Premier Inn hotel at Dublin site for €70m

Property firm says 262-bedroom Premier Inn hotel sold to German-based Union Investment

Outdoor dining in Dublin: the reopening should see a sharp increase in consumer spending. Photograph: Gareth Chaney/Collins
Five reasons to be positive about Ireland’s economic prospects

The economy has taken a severe hit but there are a number of things working in our favour

Economist Micheál Collins took aim at the so-called Special Assignee Relief Programme for foreign executives.
State spends €15.8bn a year on ‘discretionary’ tax expenditures

Committee hears Government should consider limiting certain pension tax reliefs

The State built just under 21,000 units last year and is expected to build roughly the same amount this year despite the hiatus in construction due to Covid. Photograph: PA
State needs to build ‘over 200,000 homes’ over three years to solve housing crisis

Supply is puzzlingly low given current house prices, Davy report says

Shoppers on O’Connell Street in Dublin. Photograph: Damien Eagers
Irish economy set for 11% growth surge as restrictions ease, ESRI says

Think tank predicts strong rebound driven by exports and consumer spending

The figures do not include the near 300,000 people benefiting from the Employment Wage Subsidy Scheme (EWSS), which are classified as employed. Photograph: Dara Mac Donaill
State’s unemployment rate stays high at 21.9% in May

Youth unemployment rate of 58.8% is one of highest on record

The report examined efforts by member states to reduce emissions from three key sources: livestock, chemical fertilisers and manure, and land use. Photograph: Nick Bradshaw/The Irish Times
Ireland among three EU states to record increase in agricultural emissions

EU’s €100 billion CAP spending fails to reduce greenhouse gas emissions, report finds

The Irish Fiscal Advisory Council has hit back at claims by Tánaiste Leo Varadkar that it failed to predict the government would achieve a budget surplus back in 2018 and 2019. File photograph: The Irish Times
Varadkar’s budget surplus claim rebuked as ‘unfounded’

Financial advisory council replies after Tánaiste alleges failure to predict previous surplus

Housing output is expected to be about 21,000 units this year, increasing to about 23,500 in 2022. Photograph: Alan Betson
More than half fast-track housing delayed by legal objections

Figures show 16 of 28 schemes granted planning this year now subject to judicial review

EU commissioner Mairead McGuinness: she said she hoped the UK would not compromise on food safety in its rush to secure post-Brexit trade deals
McGuinness hopes UK will not compromise on food safety in post-Brexit trade deals

EU commissioner says UK was instrumental in developing many of the EU’s rules

There are several forces coming that will cool the current level of price growth.
Ireland’s property market: What goes up can still come down

Covid-driven uplift in prices here is modest by international standards and it won’t last

A trader works at his post during the opening bell on the floor of the New York Stock Exchange. Photograph: Drew Angerer/Getty Images
European shares fall after Fed signals early policy tightening

Ryanair the main market mover in Dublin as it rises 3% while Glanbia and AIB dip

Sinn Féin’s spokesperson on finance Pearse Doherty: ‘These ultra-high interest rates are unethical, immoral and trap vulnerable borrowers into vicious cycles of debt.’ Photograph: Dara Mac Dónaill/The Irish Times
Moneylenders ‘ripping off’ people with ultra-high interest rates – Sinn Féin

Party is seeking amendment to legislation proposing 36% cap on APR for borrowers

Many predicted the pandemic and the associated rise in unemployment would trigger a spike in arrears. Photograph: iStock
Mortgage arrears total declines despite high jobless rate

Central Bank data show number of home loans in arrears fell by 2,838 in first quarter

Savills denies it has breached data privacy laws by requesting the financial information and insists it is operating inside the current GDPR regulations on data privacy
DPC to examine legality of estate agents collecting personal financial data

Privacy watchdog to issue guidelines after Savills sought ‘proof of funds’ to view houses

The IMF estimated that about a third of the required investment would need to be on climate-sensitive infrastructure relating to energy supply, transport, water and waste. Photograph: EPA
State needs to invest €20bn a year to achieve emissions target, IMF says

Government’s climate legislation commits to annual emissions cut of at least 7%

Shoppers on Grafton Street, Dublin. File photograph: Gareth Chaney/Collins
Irish economy likely to experience two-speed recovery, IMF says

Fund, however, warns of risk from Covid variants, Brexit and taxation

Central Bank governor Gabriel Makhlouf spoke of a “paradox” whereby economic disruption has coincided with scope for liquidity-driven growth in house prices. Photograph: Nick Bradshaw
Strong house price growth likely to continue for next year or more, Central Bank warns

Regulator says mismatch between supply and demand will fuel further inflation

The CSO said existing dwellings accounted for 85 per cent of the homes purchased, while the balance of 14.7 per cent were new dwellings. Photograph: Bloomberg
House prices grow at fastest level recorded in more than two years

Dublin prices rise 3.5% over 12 months while prices outside capital increase 5.4%

British PM Boris Johnson and his Australian counterpart Scott Morrison during their bilateral meeting in the garden of 10 Downing Street in London on Tuesday. Photograph: Luke MacGregor/Bloomberg
UK-Australia trade deal a dangerous precedent, warn Irish food and farm groups

Industry bodies say agreement has potential to undermine exporters here

Brexit has accelerated trade between the Republic and Northern Ireland asmore firms use the North to bypass customs checks, according to new CSO data. Photograph: Bryan O’Brien
Brexit accelerates North-South trade as more firms use NI to move goods

CSO figures point to pick-up in imports and exports to Northern Ireland

LGIM is one of the world’s largest investment firms with €1.4tn in assets
Kerry Group outperforms on green targets in food sector but urged to do more

UK investment giant Legal & General blacklists firms for failing to address climate issue

Estate agent Savills is asking people to disclose proof of how much they can afford to pay before allowing them even to view properties at Somerton, in Dublin.
Estate agent seeks proof of how much buyers can afford before viewings

Savills denies it is in breach of data privacy laws by seeking ‘full proof of funds’ before letting buyers view properties

A minimum rate of 15 per cent – if adopted – is a very modest lift and would still leave Ireland with one of the lowest, if not the lowest, statutory tax rates in the EU. Photograph: Brendan Smialowski/The New York Times
New era of tax won’t end Ireland’s winning streak

Corporate tax changes will impact Ireland but they won’t change underlying dynamic

UK cabinet minister Lord Frost (right ) chairs the first meeting of the partnership council followed by the eighth meeting of the withdrawal agreement joint committee with his EU counterpart Maros Sefcovic (left), Richard Szostak, principal adviser (second left) and paymaster general Penny Mordaunt on Wednesday in London. Photograph: Eddie Mulholland/WPA Pool/Getty Images
Irish SMEs highlight rising prices as chief concern in wake of Brexit

CSO survey also finds a fifth of businesses here expect to experience Brexit hit

Planning permissions for homes fell by over 50 per cent in the first quarter in 2021 as restrictions on construction dampened activity.
Planning permissions for homes plummets by 50%

Latest CSO planning data highlights Covid-related collapse in activity

“Landlords offering properties for rent for the first time are free to charge whatever rent they can achieve on the first rental,” says IPAV’s chief executive, Pat Davitt.
Investment funds avoiding rent controls, industry body claims

Auctioneer group says new properties exempt from rules may be fuelling inflation

US stocks rose on Thursday and the S&P 500 hit a record intraday high. Photograph: EPA
European stocks eke out fresh record as ECB raises recovery outlook

ECB’s more optimistic view for the euro area did not stop Bank of Ireland and AIB from falling

Post-lockdown spending spree as consumers flock to shops and hair salons

Bank of Ireland debit card data reveals a spike in social spending in May

ECB says price growth across the euro area is down to “transitory factors” connected to the resumption of economic activity after lockdown and higher oil prices.
Lifting of restrictions and housing costs drive inflation to two-year high of 1.7%

Latest price growth data from CSO prices in several categories accelerating in May

Jack Hamilton, chief executive of Co Down based vegetable producer Mash Direct, with his mother Tracy, co-founder and director of the company.
Percy Pigs and the Northern Ireland protocol

Top 1000: Post-Brexit trade may be facing challenges, but the region also has opportunities ahead

While housing completions amounted to just 3,953 units in the first quarter of 2021, the BPFI says this is just 7 per cent lower than in 2019 when there were no restrictions. File photograph: Laura Hutton/ RollingNews.ie
Housing shortfall likely until end-2024, warns banking group

Banking and Payments Federation says rising input prices could aggravate affordability

The IMF said a minimum rate would help to reverse nearly four decades of falling global corporate tax rates while “mobilising revenue” for cash-strapped countries in the wake of the pandemic. Photograph: iStock
Multinationals will pay 10% more under reform plan, IMF says

Washington-based fund says minimum rate of corporate tax will also mobilise revenue

Sinn Féin president Mary Lou McDonald. Sinn Féin’s longstanding opposition to the Local Property Tax is muddled and out-of-kilter with its wider political agenda.
Sinn Féin’s opposition to property tax is muddled and incoherent

Party’s stance is out-of-kilter with its wider political agenda

Minister for Finance Paschal Donohoe described the latest acceleration in headline GDP as ‘exceptionally strong’.
Irish economy grows by 7.8% in first quarter despite lockdown

CSO cautions that headline GDP numbers does not reflect domestic conditions

Petrel chairman John Teeling: ‘The stalemate continues over the ownership of 32 million Petrel shares. These shares are subject to a high court injunction on their sale.’
Petrel remains at loggerheads with French investors

Irish energy group claims investors sold shares in breach of an agreement

Minister for Finance Paschal Donohoe: Many view the pandemic unemployment payment as an attempt to bridge the gap between the current welfare system and a more contributions-based one. Photograph: Kyran O’Brien
European-style social insurance model to be considered

Tax body will examine linking benefits to PRSI contributions along with site value levy

Prof Stephen Kinsella said young people in Ireland endured ‘an unequal experience of the post-austerity period from 2013 to 2020’. File photograph: Liam Burke/Press 22
Increasingly poor economic outcomes for youth ‘unsustainable’, committee hears

Stephen Kinsella says youth likely to experience higher rates of joblessness even as economy rebounds

A major public investment in housing financed through additional borrowing is needed, the ESRI says
State must double investment to solve housing crisis, ESRI says

Think tank warns of decade of housing shortages with rising prices and rent

The European Commission has proposed keeping the EU’s deficit rules on hold through 2022 but urged governments to manage their public finances carefully.
High debt and tax changes pose financial risk to Ireland, commission warns

Brussels pinpoints ‘macroeconomic imbalances’ and urges spending be kept in check

Minister for Finance Paschal Donohoe: “VAT receipts, in particular, show that both consumers and business are feeling more confident about the future.” Photograph: Nick Bradshaw
VAT receipts roar back to pre-pandemic level as economy reopens

Latest exchequer returns point to strong pick-up in tax revenue for Government

The regulator is the largest holder of government bonds, accounting for about 26 per cent of outstanding debt. Photograph: iStock
Bond buying makes Central Bank largest financial institution in State

Regulator’s annual report shows its total assets for 2020 rose to €141bn

Worries about rising inflation have triggered a bout of volatility in markets. Photograph: Bloomberg
ECB likely to maintain low interest rates ‘for several years’

Rating agency Moody’s says recent pick-up in inflation is down to transitory factors

The Bay Meadows development in north Dublin under construction. The recent purchase of 112 homes there by Round Hill Capital drew a strong public reaction about the role of investors in the housing market. Photograph: Dara Mac Dónaill/The Irish Times
Why have foreign funds targeted the Irish property market?

Institutional investors were systemically embedded in country’s recovery from crash

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