Business News

EU audit set to find Ireland in breach of broadband targets

6th July 2017

A NEW EU audit is set to find that Ireland is in breach of European broadband targets. The European Court of Auditors has picked Ireland as one of five countries measured to see whether agreed targets broadband rollout have been met. However, the Government’s latest delay on connecting 542,000 rural homes and businesses to broadband […]

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Clamp down on ‘letterbox’ entities by the EU could help boost Irish funds sector

6th July 2017

Investment firms may have to move thousands of jobs to the European Union after regulators said “letterbox entities” nominally based in the EU but in reality run from abroad will no longer be tolerated, lawyers and advisers say. The proposal would affect UCITS, a type of mutual fund domiciled in the European Union, that hold […]

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Clamp down on ‘letterbox’ entities by the EU could help boost Irish funds sector

6th July 2017

Investment firms may have to move thousands of jobs to the European Union after regulators said “letterbox entities” nominally based in the EU but in reality run from abroad will no longer be tolerated, lawyers and advisers say. The proposal would affect UCITS, a type of mutual fund domiciled in the European Union, that hold […]

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Number of people signing on drops to lowest level in 9 years – but concerns raised over youth unemployment

6th July 2017

The number of people signing on the live register has dropped to the lowest recorded since October 2008 – but concerns have been raised over the number of young people that are signed on long term. In June of this year, the number of people registered fell 1.8pc from the figure in May to 259,200, […]

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Number of people signing on drops to lowest level in 9 years – but concerns raised over youth unemployment

6th July 2017

The number of people signing on the live register has dropped to the lowest recorded since October 2008 – but concerns have been raised over the number of young people that are signed on long term. In June of this year, the number of people registered fell 1.8pc from the figure in May to 259,200, […]

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Motorists to be hit with cost of boosting insurance fund

5th July 2017

MOTORISTS will end up being hit after the Government approved changes to the law on insurance to boost the size of a compensation fund. The decision by the Cabinet comes after a ruling in May by Supreme Court on which fund should cover the cost of claims associated with collapsed Setanta Insurance. Malta-registered Setanta collapsed […]

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Motorists to be hit with cost of boosting insurance fund

5th July 2017

MOTORISTS will end up being hit after the Government approved changes to the law on insurance to boost the size of a compensation fund. The decision by the Cabinet comes after a ruling in May by Supreme Court on which fund should cover the cost of claims associated with collapsed Setanta Insurance. Malta-registered Setanta collapsed […]

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Retail Excellence Ireland calls for 3pc VAT reduction to protect retailers from Brexit impact

5th July 2017

Retail Excellence has called for a VAT reduction of 3pc in next year’s budget to protect Ireland’s retailers from Brexit excesses. The Budget 2018 submission from the largest representative body in Ireland calls for a general cut in the cost of doing business, increased funding to get retailers online and increased infrastructural investment. ‘Retail: Sustaining […]

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Retail Excellence Ireland calls for 3pc VAT reduction to protect retailers from Brexit impact

5th July 2017

Retail Excellence has called for a VAT reduction of 3pc in next year’s budget to protect Ireland’s retailers from Brexit excesses. The Budget 2018 submission from the largest representative body in Ireland calls for a general cut in the cost of doing business, increased funding to get retailers online and increased infrastructural investment. ‘Retail: Sustaining […]

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Living Wage increase of 20c to €11.70 driven by rising housing costs

5th July 2017

he Living Wage in Ireland has been increased to €11.70, a 20c increase for 2017. The updated amount has been driven by changes in the cost of living here and changes in the taxation system. According to the Living Wage technical group, who set the research-based figure, the current housing crisis and associated rent levels […]

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