Archive for December 2021

Private sector employees should seek pay increases of between 2.5% and 4.5% during 2022, guidance issued by the Private Sector Committee of ICTU and the Nevin Economic and Research Institute has recommended. The bodies say such claims are justified on the basis of the strong and rapid economic growth expected next year, with personal consumption…

A new report shows the percentage of women on the boards of ISEQ 20 companies this year rose to 31% from 18%. This means that the top publicly listed companies in Ireland are well on track to achieve the 33% goal by the end of 2023. The fourth report of the Balance for Better Business…

Construction firms continued to experience strong growth in November, the latest Ulster Bank Construction Purchasing Managers Index survey shows. The Ulster Bank Construction PMI posted a reading of 56.3 in November, down marginally from 56.9 in October but still showing a sharp monthly increase in total activity. November also marked the seventh month of growth…

Christmas parties have been cancelled but employers who can afford to are still marking the festive season by giving employees a Christmas bonus. The practice of paying bonuses as a reward to staff for their contribution to the success of the business during the previous year, is a tradition that is very much welcomed by…

Davy has revised upwards its forecast for Irish GDP growth to 15.5% in 2021 and 6.7% in 2022 due to a buoyant multinational sector and a strong rebound in domestic activity. The stockbrokers had previously predicted growth of 10% for this year and 5.6% for 2022. It said the revision mainly reflects the “exceptional performance”…

An Environmental Protection Agency study has found 96% of people believe climate change is real, while 90% believe the country has a responsibility to act on climate change. The survey, entitled Climate Change in the Irish Mind, asked 4,000 people about their attitudes and beliefs around climate change and their opinions on government policy. It…

The annual rate of inflation rose to 5.3% in November, its highest level since June 2001. The latest figures from the Central Statistics Office show the biggest increases were in the cost of transport, electricity and gas bills. This period of intense inflation is not over yet, even if the pace of increase has slowed…

The digitisation of the Irish economy could potentially be worth around €300 billion in 2023, accounting for 65% of economic output. That is according to forecasts by Amárach and the International Data Corporation contained in a new report by Microsoft Ireland. The research, which was carried out with over 360 business decision makers and technology…

The interim period of the Companies Act 2020 has been extended to the end of April next year following Government approval this week. The Act makes temporary amendments to the Companies Act 2014 and the Industrial and Provident Societies Act 1893 to address issues arising as a result of Covid-19. It ensures that 240,000 companies…

The Government is expected to announce new financial supports for companies which have been negatively affected by the latest Covid-19 restrictions. Tánaiste Leo Varadkar has said that the new scheme must be targetted at helping businesses in the hospitality, late night and live entertainment sectors. The latest Covid-19 restrictions came into force on Tuesday and…