Business News

Wholesale prices rise by 5.2% in April – CSO

23rd May 2022

Wholesale prices for goods used in manufacturing and construction rose at an annual rate of 5.2% in April, according to the Central Statistics Office. This was up from an annual rate of 4.4% in March. The price index for products destined for the domestic market rose by 7.1% on an annual basis while goods destined […]

Read More

Irish firms suffering with renewed supply chain problems

23rd May 2022

Irish businesses are once again having to restructure their supply chains, amid renewed disruption caused by the resurgence of Covid-19 in China, the Ukraine war and soaring fuel costs. Economists have warned that if continued, the global difficulties will contribute to lower economic growth and higher inflation. Central to the problems are the ongoing heavy […]

Read More

Irish firms suffering with renewed supply chain problems

23rd May 2022

Irish businesses are once again having to restructure their supply chains, amid renewed disruption caused by the resurgence of Covid-19 in China, the Ukraine war and soaring fuel costs. Economists have warned that if continued, the global difficulties will contribute to lower economic growth and higher inflation. Central to the problems are the ongoing heavy […]

Read More

Start-up activity drops 12% amid rising costs

23rd May 2022

5,600 new companies were registered in Ireland in the first three months of the year, down 12% on the same time last year. New data from CRIF Vision-net suggests that some people are holding off on launching new businesses due to rising costs, and supply chain problems. “What we are seeing is a bit of […]

Read More

Hauliers given more time to apply for fuel cost support

20th May 2022

Hauliers are to be given more time to apply for an emergency support scheme put in place by the Government to assist them with the soaring cost of fuel. Those who have not yet applied for the assistance will now have until 6 June to lodge their completed applications. Under the Licensed Haulage Emergency Support […]

Read More

Taoiseach in Belfast to meet political and business leaders

20th May 2022

The Taoiseach is in Belfast today to meet politicians and business leaders as efforts continue to break the Stormont impasse over the Northern Ireland Protocol. Micheál Martin will meet party leaders for talks and will host a delegation from the business community. The DUP is refusing to restore power-sharing until its concerns about the protocol […]

Read More

Taoiseach in Belfast to meet political and business leaders

20th May 2022

The Taoiseach is in Belfast today to meet politicians and business leaders as efforts continue to break the Stormont impasse over the Northern Ireland Protocol. Micheál Martin will meet party leaders for talks and will host a delegation from the business community. The DUP is refusing to restore power-sharing until its concerns about the protocol […]

Read More

SME optimism drops amid Ukraine war and inflation

20th May 2022

Irish SMEs are feeling less optimistic about the future, according to a new report by peer-to-peer lender Linked Finance. Its latest SME Confidence Index for the first quarter of this year, shows that companies are more wary about current business conditions amid the war in Ukraine and rising inflation. The index, which is based on […]

Read More

Fórsa says improving pay ‘must be our priority’

19th May 2022

The General Secretary of Fórsa, the country’s largest public sector trade union, has said that improving pay must be his union’s priority. In an address to delegates at Fórsa’s national conference in Killarney, Co Kerry, Kevin Callinan said that runaway inflation was leading to a cost of living crisis. “Our job is to do what […]

Read More

Amid hiring surge, 79% of businesses struggling to fill vacancies

19th May 2022

A new report has revealed record levels of hiring by Irish businesses but also shows that many are struggling to fill vacancies. According to the latest ManpowerGroup Employment Outlook Survey, employers of all sizes plan to expand headcount significantly. The study shows that Ireland has recorded the highest net employment outlook in Europe, closely followed […]

Read More