Business News

Number of PUP claimants down to just under 206,000

6th October 2020

The number of people claiming the Pandemic Unemployment Payment has fallen to just under 206,000 – down almost 12,000 from over 217,000 a week ago.  That is according to the latest figures from the Department of Employment Affairs and Social Protection.  This week, 205,593 people will receive PUP payments, a reduction of 11,549 compared to last […]

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Economy has fared better than forecast during the pandemic but the impact on jobs has been worse – Central Bank

6th October 2020

The Central Bank has said the economy has fared better than forecast during the pandemic but the impact on jobs has been worse. In its latest quarterly bulletin, the bank warns recovery will remain uneven and a ‘no-trade deal’ Brexit will hamper any growth next year. Ireland recorded the smallest fall in GDP across Europe due to […]

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One third of exporters report lower sales due to Covid-19

5th October 2020

A third of exporting firms have seen their sales fall so far this year, a new survey from Enterprise Ireland has found. The research also found that 85% of companies expect that Brexit will add up to 10% to their cost base. The survey of 728 firms conducted by Enterprise Ireland details the contrasting fortunes […]

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One third of exporters report lower sales due to Covid-19

5th October 2020

A third of exporting firms have seen their sales fall so far this year, a new survey from Enterprise Ireland has found. The research also found that 85% of companies expect that Brexit will add up to 10% to their cost base. The survey of 728 firms conducted by Enterprise Ireland details the contrasting fortunes […]

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Businesses express concern over Level 5 recommendation

5th October 2020

Business leaders have expressed surprise and concern at the recommendation from the National Public Health Emergency Team (NPHET) to move the entire country to Level 5 Covid-19 restrictions. Organisations representing firms said if such a decision is taken by Government, additional measures would be required to support businesses. Chief executive of the employers’ group Ibec Danny McCoy said that given […]

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Businesses express concern over Level 5 recommendation

5th October 2020

Business leaders have expressed surprise and concern at the recommendation from the National Public Health Emergency Team (NPHET) to move the entire country to Level 5 Covid-19 restrictions. Organisations representing firms said if such a decision is taken by Government, additional measures would be required to support businesses. Chief executive of the employers’ group Ibec Danny McCoy said that given […]

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Employers call for wage subsidy scheme to be expanded

5th October 2020

The employers’ group Ibec has called on the Government to expand the employment wage subsidy scheme to include companies threatened by a no-trade deal Brexit. In its latest quarterly Economic Outlook, Ibec also says the key to next week’s Budget will be unlocking “turbocharged” savings by households. The employer’s group believes the key to the economy’s recovery, will […]

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Employers call for wage subsidy scheme to be expanded

5th October 2020

The employers’ group Ibec has called on the Government to expand the employment wage subsidy scheme to include companies threatened by a no-trade deal Brexit. In its latest quarterly Economic Outlook, Ibec also says the key to next week’s Budget will be unlocking “turbocharged” savings by households. The employer’s group believes the key to the economy’s recovery, will […]

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Construction sector ‘must guarantee value for money’

2nd October 2020

The state should maintain investment in capital infrastructure programmes despite the economic difficulties caused by Covid-19, but the construction sector must guarantee value for money, according to the Secretary General of the Department of Public Expenditure Reform.  Addressing the Construction Industry Federation conference earlier today, Robert Watt said there was no imperative to cut back […]

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SMEs could record revenue shortfall of €11.7bn in 2020

2nd October 2020

Small and medium sized businesses here could record a combined total shortfall in revenue this year of between €10.3bn and €11.7bn, according to a new analysis by the Central Bank of Ireland. However, the bank says the estimates are subject to significant uncertainty because of the current economic and health situation and the inability of […]

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