Posts by sean
Irish wind farms set new August generation record
Wind Energy Ireland said that wind generation here hit the highest on record for the month of August. Its figures show that wind power generation in August totalled 1,068 gigawatt-hours (GWh), an increase of 3% when compared to the previous record set during the same month last year at 1,042 GWh. Wind Energy Ireland said…
Read MoreDomestic economy grew by almost 2% in first half of 2024 – CSO
The domestic economy grew by almost 2% in the first six months of this year, according to latest figures from the Central Statistics Office. Today’s CSO figures show that personal spending on good and services are continuing to grow and rose by 1.1% in the second quarter of 2024. Wages grew in the quarter by…
Read MoreFixed broadband subscriber lines increase 3%
Fixed broadband subscriber lines increased to 1.67 milllion between April and June, up over 3% on the same time last year. The latest data from the Commission for Communications Regulation (ComReg) reveals that over 45% of these lines were fibre-to-the-premises (FTTP). This was up from 35% the same time last year. ComReg said FTTP is…
Read MoreNew products and services to spur growth for 77% of firms
77% of companies expect to grow their business in the next five years by developing new products and services, research from Deloitte shows. The survey of 128 businesses involved in ‘Ireland’s Best Managed Companies’ programme reveals that 63% plan to increase their headcount, while 56% are planning mergers and acquisitions. Just 2% of the companies…
Read MoreGovernment warned by Fiscal Council over management of public finances
The State’s fiscal watchdog has issued a stark warning to the Government about its management of the public finances with less than a month to go before the last budget ahead of the general election. The Irish Fiscal Advisory Council has warned that ministers are “needlessly” adding pressure to the economy by repeatedly breaking a…
Read MoreTax take in first 8 months 12.6% ahead of last year
New figures from the Department of Finance show that the amount of tax collected by the State in the first eight months of this year rose by 12.6% on the same time last year on the back of higher income tax, corporation tax, VAT and excise duty. The latest Exchequer figures from the Department of…
Read MoreOne in three companies struggling to find skilled staff
One in three companies are struggling to find staff with the right skills, new research shows. InterTradeIreland’s latest All-Island Business Monitor reveals that the business landscape across the island is mostly positive. 56% of the 750 companies surveyed said they are stable, while one third are growing. However, access to skilled labour is putting pressure…
Read MoreElectricity sector climate pollution at lowest in decades
Climate pollution from Ireland’s electricity sector is now at its lowest level for decades, according to new figures from the Sustainable Energy Authority of Ireland. The data shows greenhouse gas emissions from electricity generation fell by 17.2% in the first six months of this year, on top of a separate 20% reduction in electricity emissions…
Read MoreGovernment warned by IFAC over management of public finances
The State’s fiscal watchdog has issued a stark warning to the Government about its management of the public finances with less than a month to go before the last budget ahead of the general election. The Irish Fiscal Advisory Council (IFAC) has warned that ministers are “needlessly” adding pressure to the economy by repeatedly breaking…
Read MoreDublin Airport set to breach 32m passenger cap this year
Dublin Airport looks set to breach its cap of 32 million passengers this year, its operator daa has warned. In a statement this morning. the company said that despite efforts to dampen airline demand, it now forecasts that passenger numbers in 2024 will be closer to 33 million. Daa said 3.46 million passengers went through…
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