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A single person would need a pension of €33,600 a year, and a couple would need €43,200 a year, in order to have a “comfortable” retirement. The figures are contained in a new report on Irish retirement living standards released by the Pensions Council which was prepared and researched by KPMG. It shows that for…

Europe’s labour market softened in the third quarter, data releases showed today, pointing to a further decline in inflation pressures that could justify more interest rate cuts. The rise in euro zone labour costs slowed to 4.6% in the third quarter from 5.2% three months earlier while the jobs vacancy rate slipped to 2.5% from…

New figures from the Central Statistics Office show that exports of goods for the first ten months of the year came to €187 billion, an increase of 13% on the same time last year. But imports have fallen by €4 billion in the months from January to October compared with the first 10 months of…

Fuel prices increased again this month, the latest AA Ireland Fuel Survey reveals. Petrol prices rose by a cent to an average of €1.74 per litre, while diesel prices increased by three cents this month to €1.71 per litre. AA Ireland noted that crude oil prices remain steady month on month at around $73 a…

Ireland is one of 22 EU member states who are failing to comply with EU rules on professional qualifications, according to the European Commission. The Commission has opened infringement procedures by sending formal letters of notice to the countries. The rules are designed to make it easier for professionals to provide their services on a…

Over 1,000 jobs have been saved through the Small Company Administrative Rescue Process (SCARP) since it was launched three years ago, new figures show. The scheme aims to facilitate simplified out-of-court debt restructuring for small businesses deemed to be viable. A process adviser is appointed under the scheme to prepare a rescue plan and to…

Just a tiny fraction of the €3.26 billion in fines levied by the Data Protection Commission (DPC) over the past five years has been collected. The DPC said that of all fines issued between 2020 and the end of October this year, only €19.9m of the total has been paid so far. The total amount…

An Post expects to receive around 350,000 parcels from the UK over the next 24 hours after Holyhead Port’s closure caused a backlog. It said it has the “facilities, technology and staff” across its hubs to deliver the parcels to homes and businesses around Ireland. Ferry sailings between Ireland and Wales were cancelled due to…

The European Central Bank cut interest rates for the fourth time this year today, by quarter of a percentage point, and kept the door open to more as growth is hit by political instability at home and the threat of a fresh US trade war. The ECB has been easing policy as inflation worries largely…

New figures from the Central Statistics Office show that consumer prices rose by 1% in November compared to the same time last year. This marked an increase from the annual rate of inflation of 0.7% in the 12 months to October. The CSO said the biggest increases in the 12 months to November were seen…