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EU’s commitment to Good Friday Agreement ‘unwavering’, says Gentiloni

Paolo Gentiloni, EU Commissioner for Economy, has said the EU’s commitment to the Good Friday Agreement is “unwavering”. Commissioner Gentiloni made his remarks in an online address to the Institute of International and European Affairs this afternoon. He said this was why the Northern Ireland Protocol was agreed “by both sides…both with their eyes wide…

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Traffic volumes rise in May as Covid travel curbs ease

New figures from the Central Statistics Office show that the volume of cars on Irish roads has been rising slowly since the start of the year after the move to Level 5 restrictions in December. Volumes have been rising more rapidly since travel restrictions lifted in May, the CSO said. The easing of travel restrictions…

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Employees want flexibility in where and when they work, survey finds

Over half of employees would consider leaving their job post pandemic if they are not given some form of flexibility in where and when they work, according to a survey carried out by EY. The ‘2021 Work Reimagined Employee Survey’ is an international study conducted among more than 16,000 employees across 16 countries and multiple…

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Is now a good time to lock into a 20-year mortgage?

Appearing before an Oireachtas Committee at the end of 2016, the then chief executive of Bank of Ireland more or less admitted that the bank was deliberately keeping its variable mortgage interest rate elevated. Richie Boucher was making a big push at the time to get people to opt for one of the bank’s fixed…

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Construction activity bounces back, but costs soar

Activity in the construction sector expanded for the first time this year in May, according to Ulster Bank’s latest Purchasing Managers’ Index. The index, which is designed to track changes in overall construction activity on a scale of 1 to 100, passed the 50 no-change mark for the first time since the imposition of restrictions…

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ECB lifts euro zone growth and inflation projections

The European Central Bank has raised its growth and inflation projections for this year and next as the euro zone economy started to roar back to life after over a year of restrictions to curb the coronavirus pandemic. ECB President Christine Lagarde also said the ECB saw risks to growth as “broadly balanced”, a shift…

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Ireland to make strong case for tax competition, says Donohoe

Finance Minister Paschal Donohoe has said that Ireland will be vigourously making the case for tax competition and for maintaining a corporate tax rate of 12.5%. In negotiations on the issue, Minister Donohoe said he is confident that Ireland will continue to be a really attractive place to do business. Yesterday, Mr Donohoe said that…

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Supply shortage, rising costs could impact housing affordability – BPFI

A combination of lack of housing supply and rising construction costs could exacerbate property affordability issues in the years ahead, according to the Banking and Payments Federation Ireland. In its latest Housing Market Monitor, the BPFI says while supply is coming back on stream in the aftermath of the pandemic, it will now likely be…

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