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The first set of regulations for the trading of cryptocurrency are to be approved by the European Parliament today. If passed, the measures are designed to ensure that crypto assets can be traced, preventing money laundering, terrorist financing and other crimes. Many MEPs are of the view that cryptocurrencies are still in their infancy, with…

The Taoiseach has said that while there will be tax cuts and a welfare package in the next budget, it is also important to reduce the country’s debt levels and build up an “anti-austerity fund” for the future. Leo Varadkar was speaking at the Bloomberg New Economy Gateway Conference in Wicklow and was asked about…

Office lettings in Dublin slumped in the first three months of the year, caused by the retrenchment in the tech sector and the growth in hybrid working. New data from BNP Paribas Real Estate found just 26,500 sq m of office space was let over the quarter. BNPRE is forecasting that the vacancy rate will…

Office lettings in Dublin slumped in the first three months of the year, caused by the retrenchment in the tech sector and the growth in hybrid working. New data from BNP Paribas Real Estate found just 26,500 sq m of office space was let over the quarter. BNPRE is forecasting that the vacancy rate will…

Euro zone inflation eased last month but underlying readings remained stubbornly high, Eurostat said today. The latest figures confirmed preliminary data that raised worries at the European Central Bank about the persistence of price pressures. Consumer inflation in the euro zone eased to 6.9% from 8.5%, mainly due to a rapid fall in energy costs…

Exports by Enterprise Ireland (EI) backed companies grew by a record 19% last year to €32.1 billion, fuelled in part by the inflationary environment. It was the highest level of year-on-year export growth recorded by EI supported firms. “These are significant exports results and reflect the incredible innovation and ambition of the Irish enterprise sector,”…

The Government says the right decisions must be made with the budget surplus recorded this year, according to the Minister for Finance. Michael McGrath says the Government cannot rely on excess corporate tax receipts into the future, adding that at the best of times, it is a volatile source of revenue. “There is an acute…

The Irish jobs market has remained resilient despite recent layoffs in the technology sector, according to the latest Morgan McKinley Ireland Quarterly Employment Monitor. It shows there was a slight increase in professional job vacancies in Ireland in the first quarter of 2023 compared to the previous quarter. The number of jobs on offer has…

The high rate of inflation in the euro zone ought to come down over the coming months, European Central Bank President Christine Lagarde said today. But she warned there was “considerable uncertainty” around the forecast. “We expect euro area inflation to continue to fall,” Lagarde said in a statement at the IMF’s spring meetings in…

The US and the euro zone should not take the international status of their currencies for granted as countries such as China and Russia seek to create their own systems. The dollar’s 80-year-old reign as the world’s reserve currency is being called into question by some commentators. This is in light of China’s rise as…