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The Covid-19 pandemic had a big impact on company formations last year, with the number of new firms established in 2020 hitting a four year low. In total 21,924 new businesses were registered over the 12 months. In comparison to 2019, this represents a fall of 4%, the data from CRIFVision-net shows. “The correlation between this…

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A new online portal for those hoping to upskill or retrain is being launched by the Minister for Higher Education Simon Harris today. The portal is described as a “one stop shop for businesses, employees or unemployed persons”. It outlines the third level options available to them, including short part-time courses right up to full time third…

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Chartered estate agents say they are struggling to meet demand for property, especially from first time buyers. A survey of 800 agents, carried out by the Society of Chartered Surveyors Ireland, found that over two thirds predicted property price increases in the year ahead with 24% expecting prices to remain the same and 8% anticipating…

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Around 420,000 people will be issued tax bills today as a result of payments they received under the two main Covid subsidy schemes last year. 71% of those in receipt of the Temporary Wage Subsidy Scheme and 33% of those on the Pandemic Unemployment Payment underpaid tax – and will receive a bill. Data released by…

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The Government is to legislate to give employees the right to request remote working as part of a National Remote Working Strategy under a permanent framework for after the pandemic ends.  The strategy ‘Making Remote Work’ will also provide for the so-called “right to disconnect”, the construction of remote working hubs, a review of tax…

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The Minister for Finance, Paschal Donohoe, has said planned changes to corporate tax rules will result in a reduction in corporate tax in the future of between €800m and €2 billion a year. This reduction is expected to take a number of years.   He said that the plan Ireland is launching today should help it…

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Ireland and Greece had the joint highest mortgage interest rates across the euro area in November, new figures from the Central Bank show. The Central Bank said the average interest rate on new mortgages in Ireland stood at 2.79% in November.  This compared to the average for the euro area of 1.31% in November, although…

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New research from property advisor Savills Ireland shows that demand in Dublin’s industrial and logistics sector was up in the final quarter of 2020. Savills noted demand for 87,318 metre squared of industrial and logistics space during the fourth quarter, up 5% on that same period the previous year. There were 47 transactions in total, 68% of which were…

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Just how bad is the import/export situation in the UK as a result of Brexit? And in particular, how bad is it in Northern Ireland – where EU Single Market rules still apply? According to British Prime Minster Boris Johnson, the problems in Northern Ireland amount to “teething troubles” arising from the change over to a…

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Some sectors of Ireland’s valuable food and drink industry were severely affected last year as a result the global Covid-19 pandemic. The extent of the decline is highlighted in the annual Bord Bia Performance & Prospects 2020/2021 Report, which will be published today by Minister for Agriculture Charlie McConalogue. Food and drink exports overall declined by just…

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