Economy

DUBLIN: Gardaí have issued a warning over fake €2 coins following the seizure of almost €3,000 worth of them in north Dublin. Officers in Raheny, north Dublin, conducted an investigation into the circulation of the counterfeit coins at…

DUBLIN: Many doubted whether the government's first home scheme was scrapped, but the housing department clarified that the scheme is still in place. Applications for the scheme have been accepted since July. What is the scheme? The…

DUBLIN: The Indian market is opening up huge export opportunities for Irish firms. New data published by Enterprise Ireland has revealed that exports to India by Ireland's client companies reached €127 million in 2021. The recent…

DUBLIN: Eurostat says inflation in Ireland is the highest in the Eurozone. Ireland's rate of inflation is higher than the Eurozone's record of 8.9%. Figures reveal that consumer goods prices in Ireland have risen by 9.6% over the last…

DUBLIN: Ireland's domestic economy has been affected by the economic recession, Ibec observes. The slowdown has already affected the growth rates of consumer spending and investment. This will continue till 2023, according to Ibec's…

DUBLIN: Economists say that no matter how hard you try, even with a mortgage, buying a house in Ireland is out of reach for the average individual. Savings are shrinking as the cost of living, particularly rent, rises, forcing individuals…

DUBLIN: More than half of the country's workers are expecting higher revised wages as the new pay deal comes into force in Ireland. The pay increase was definitely required given the current state of rampant inflation and price hikes. …

Eighteen economies, including India, the US and the European Union, have come up with guidelines for building long-term, resilient and collective supply chains. Other countries that have adopted these guidelines are Italy, Australia,…

DUBLIN: AIB has reversed its decision to end cash services at 70 branches across the country following public and political demands. The bank's sudden decision met with strong opposition from business groups, consumers, farmers and…

DUBLIN: The European Central Bank is set to raise interest rates for the first time in 11 years amid rising inflation and the threat of gas supply cuts. Inflation is around 8.6% across the eurozone and 9.1% in Ireland, so the ECB is under…