Archive for November 2024

The Irish construction industry is running at around three quarters of its capacity on average at present, despite the strong demand for new housing and infrastructure. That’s according to the latest Construction Market Overview from building services firm Turner & Townsend, covering the period from July to September. Overall 78% of respondents said the construction…

Dublin has dropped from 13th to 17th position out of 30 European cities ranked for investment and development potential for 2025. London, Madrid and Paris took the top spots, according to a report by PwC and the Urban Land Institute. When it comes to investing in Ireland, interviewees referenced certain infrastructure deficits and the complexity…

The Government has said it expects to meet a deadline today to transpose an EU directive on workers’ rights. Unions however have accused the State of not fully implementing the rules by failing to pass new legislation. The EU Directive on Adequate Minimum Wages seeks to reduce working poverty and inequality by improving statutory minimum…

The value of the global cryptocurrency market has topped $3 trillion as the election of Donald Trump as US president spurred bets that friendlier US regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on November…

Most Irish CEOs are optimistic about the economic and business outlook over the next 12 months, new data shows. The latest EY CEO Outlook surveyed 1,200 executives globally – including CEOs in Ireland. 60% of Irish CEOs surveyed said they are either very or somewhat optimistic about managing input costs and the overall cost of…

The slow pace at which onshore wind energy infrastructure is being built in the Republic and Northern Ireland could result in the renewable energy targets set for 2030 being missed. Energy market consultancy Cornwall Insight estimates that at the current level of delivery the target could be missed by as much as three years. Its…

Motorists will have to provide their driver number to their insurer when taking out a policy from next year. The new measure, which comes into effect on March 31st, will also require the driver numbers of named drivers to be provided. The development follows the signing of a commencement order by the Minister for Transport,…

The value of the food bought outside the home across the island rose 5.2% over the last year, new data from Bord Bia shows. It brought the total turnover in the food service industry in Ireland and Northern Ireland to €9.8bn, the highest level in the sector over the past decade. However, the Irish food…

Advertised rents for homes across the country rose by a further 1.7% between July and September, according to new data from the property listings website Daft.ie. It was the 15th consecutive quarterly rise and brought the average monthly rent sought nationally to €1,955. That represents an increase of 7.2% compared to the same time last…

The Irish Hotels Federation has called on all political parties and candidates in the General Election to commit to policy measures aimed at staving off the commercial crisis facing the wider tourism and hospitality industry – particularly food service businesses. Launching its manifesto, IHF President Michael Magner said an urgent change in direction is now…