What does the tech sector want from Budget 2026?
The tech sector has been through a turbulent time is recent years with many companies alternating between hiring sprees and mass layoffs. The industry remains a massive employer in this country with the latest Central Statistics Office data showing that the information and communication sector accounts for almost 180,000 jobs. That figure did fall by […]
Local Property Tax likely to increase next year for most homeowners
Local Property Tax (LPT) is likely to increase next year for the majority of homeowners. Revenue have begun the process of writing to the 1.5 million homeowners in the country, asking them to re-evaluate their property’s value. This re-evaluation will be used to determine the amount of Local Property Tax homeowners will pay for the […]
Regional hospitality businesses say ‘almost impossible to make profit’
Hospitality businesses in the north west region have said it is becoming almost impossible to make a profit given rising costs in the sector. Garry and Mairead Anderson employ more than 30 people during the summer season in Killybegs at their seafood shack and restaurant overlooks the town’s harbour. “This year, our turnover is up […]
Elon Musk halfway to becoming world’s first trillionaire: report
Billionaire Elon Musk, the world’s richest person, is nearly halfway to becoming the planet’s first trillionaire, Forbes magazine has reported. The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, briefly, as the shares in his electric vehicle company rebound from his clumsy stint in politics, amid other […]
Electric car registrations soar 73% higher in September – SIMI
New figures from the Society of the Irish Motor Industry (SIMI) show a 73% jump in the registration of new electric cars in September. SIMI said a total of 1,737 new electric cars (battery electric cars) were registered – 73.2% higher than the 1,003 registrations the same month last year. So far this year, a […]
97% of exporters expect to expand into new markets – Enterprise Ireland
The survey also reveals that the euro zone remains the top target region for Enterprise Ireland companies, followed by the UK and the US. Enterprise Ireland said that 70% of Technology & Services companies expect exports to increase this year, compared with 60% of Industrial & Lifesciences firms. It also noted that 98% of companies […]
Increase in number of workers changing jobs – survey
Job turnover at Irish workplaces has surged to a record high, according to a new survey from Microsoft Ireland. The Work Trend Index shows that 38% of respondents said they have moved roles, up from 23% last year and 19% in 2023. The most prominent reasons cited for changing employers included work-life balance, well-being, issues […]
GDP in Ireland to rise by 9% this year due to strong exports
The domestic economy will grow by 3.2% this year and 2.6% in 2026, according to a forecast by consultancy EY. It estimated that Gross Domestic Product, which includes impact from multinationals, will rise by 9% this year. The GDP figure has partly been driven by exceptionally strong exports as multinationals raced to beat the imposition […]
PrepayPower to freeze electricity and gas prices for winter months
Pay-as-you-go energy provider PrepayPower has announced a price freeze for its electricity and gas customers for the winter months. The company said it will not increase prices until March 1 – at the earliest. PrepayPower has 240,000 customer accounts comprising 180,000 electricity and 60,000 gas accounts. Its CEO Cathal Fay said the company has taken […]
Rise in workers changing jobs – survey
Job turnover at Irish workplaces has surged to a record high, according to a new survey from Microsoft Ireland. The Work Trend Index shows that 38% of respondents said they have moved roles, up from 23% last year and 19% in 2023. The most prominent reasons cited for changing employers included work-life balance, well-being, issues […]
US to impose 100% tariff on movies made outside the country
President Donald Trump said today he would impose a 100% tariff on all films produced overseas that are then sent into the US, repeating a threat made in May that would upend Hollywood’s global business model. The step signals Trump’s willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend […]
Minister to seek Cabinet approval to remove Dublin Airport passenger cap
Minister for Transport Darragh O’Brien is expected to seek Cabinet approval tomorrow to legislate for the removal of Dublin Airport’s 32 million a year passenger cap. It is understood that his memorandum to Government is critical of the DAA, which is charged with operating and developing the airport. The Programme for Government contains a commitment […]
Where do our taxes go and where will they go in future?
Spending money wisely is perhaps one of the most important jobs for any government. In Ireland there are three big expenditure categories which absorb more than half of all taxes collected every year: Social Protection, which accounts for 22% of spending, Health (21%) and Education (10%). Housing, which the Government says is its top priority, […]
Is it good economics to pay €10 million for an NFL match in Dublin?
Thousands of American tourists have come to Dublin this weekend to watch the Pittsburgh Steelers challenge the Minnesota Vikings in Croke Park. It is the first time ever that an official NFL (National Football League) regular season game will take place in Ireland. Ireland has hosted seven college American football games since 2012 but this […]
‘No decisions’ made over carers allowance in Budget – Donohoe
The Minister for Finance has said that “no decisions” have been made on changes to the carers allowance in this year’s budget. Minister Paschal Donohoe said however that “it is a matter that is important to the Government and we are working collectively with regard to that”. He said how the Government supports carers “has […]
Trump threatens 100% tariff on branded pharmaceutical imports
US President Donald Trump has announced a new tariff of 100% on branded pharmaceutical imports from companies that are not building manufacturing plants in the US. On his social media platform Truth Social, President Trump said beginning 1 October, the US will levy a 100% tariff on “any branded or patented pharmaceutical unless a company […]
17% reduction in mortgages approved last month – report
The number of mortgages approved last month was down 17% on the figures for July. The latest Banking and Payments Federation Ireland (BPFI) Mortgage Approvals Report also shows that there was 2.5% reduction in approvals in August compared to the same month last year. The report shows 4,536 mortgages were approved in August 2025. First-time […]
Trump signs order declaring TikTok sale ready and values it at $14 billion
US President Donald Trump has signed an executive order declaring that his plan to sell Chinese-owned TikTok’s US operations to US and global investors will address the national security requirements in a 2024 law. The new US company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on […]