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Finance Minister Michael McGrath has today confirmed that NAMA will complete its wind-down by the end of 2025 while the Special Liquidation of Irish Bank Resolution Corporation (IBRC) is on track to “substantially” conclude by the end of this year. The National Asset Management Agency was set up in 2009 to clean the property crash…

China’s exports sharply accelerated in the first two months of 2024, official figures showed today, providing policymakers a bright spot as they battle to revive the world’s second-largest economy. Overseas shipments have long served as a key driver of the country’s economic growth, providing vast amounts of jobs for the manufacturing sector. In January and…

Enhanced clarity, predictability and accessibility on consumer protection obligations are among the key aims of a new Consumer Protection Code being developed by the Central Bank. As part of the process, the regulator has launched a consultation paper on its plans today. Among the proposals is a requirement for firms to incorporate customers’ interests into…

In the dynamic world of business, operational excellence is not just a goal but a necessity for ensuring sustainability and growth. It involves enhancing every aspect of operations to maximise efficiency and value for customers, while minimising costs and waste. At KAAS, we know that achieving this level of performance requires a keen focus on…

Grocery price inflation fell for the tenth month in a row in February, new figures show today, with the decline expected to continue during the rest of the year. The latest figures from global retail market analyst Kantar show that grocery price inflation fell to 4.7% in the 12 weeks to February 18 from a…

Businesses in the retail and hospitality sectors are in line for a top-up payment of up to €3,000 in the Energy Efficiency Grant, under proposals Minister for Enterprise Simon Coveney will bring to the Cabinet. Businesses in these sectors, who employ up to 50 people, are already eligible for a capital grant of up to…

The service sector here grew at its fastest pace in five months in February after slowing to a near standstill a month earlier, as firms reported rising levels of new business across all sectors, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) rose to 54.4 from 50.5 in January. The index…

A new OECD report has found that there is an urgent need to take stock of anti-disinformation policies in countries around the world and to set a path for action. The study, ‘Facts not Fake: Tackling Disinformation, Strengthening Information Integrity’, warns that rising disinformation has far‑reaching consequences in many policy areas ranging from public health…

Ireland lags other part of Europe when it comes to retail payments, the Central Bank has claimed. The result is an unsatisfactory situation for both consumers and businesses the regulator has said. The comments were made by the bank’s deputy governor, Vasileios Madouros, at the Banking and Payments Federation of Ireland (BPFI) organised National Payments…

Business activity in the euro zone showed signs of recovery last month as the bloc’s dominant services industry expanded for the first time since July, offsetting a deeper contraction in manufacturing, a survey showed today. HCOB’s composite Purchasing Managers’ Index (PMI) for the bloc, compiled by S&P Global and seen as a good guide of…