Draghi's farewell warning to EU leaders Italy's outgoing premier Mario Draghi used his last day on the European stage today to warn both his fellow leaders and his far-right successor that … Business • 21 Oct 22
Food industry prices jump, but electricity costs down The price of raw materials for the food industry rose last month, according to the latest Wholesale Price Index from the Central Statistics Office. Business • 21 Oct 22
No big cost impact from expanded energy support scheme Minister for Finance Paschal Donohoe has said the expanded energy support scheme for businesses, announced in the Finance Bill yesterday, will not add significantly to … Business • 21 Oct 22
Taoiseach says EU deal on gas prices good for Ireland Taoiseach Micheál Martin has hailed last night's agreement by EU leaders on a price cap on imported gas, saying it would lead to a stabilisation … Politics • 21 Oct 22
EU leaders at odds over how to tackle energy prices EU leaders have clashed over how to ride out Europe's energy shock, with France and Germany at loggerheads over imposing a cap on gas prices … Ireland • 20 Oct 22
Finance Bill widens TBESS to include professionals The Government is expected to confirm that its new support scheme aimed at assisting businesses with the rising cost of energy will be extended to … Business • 20 Oct 22
Call to restart talks on use of nuclear energy here The President of Engineers Ireland has suggested it could be time to reawaken discussion about the use of nuclear energy here. Business • 19 Oct 22
German investor morale stays low as recession looms German investor confidence climbed "slightly" in October but remained at a low level, a key survey said today, as Europe's top economy braces for a … Business • 18 Oct 22
Govt rules out electricity generation on Galway site The Government has definitively ruled out the resumption of electricity generation at an ESB owned wind farm in Co Galway. Connacht • 18 Oct 22
France struggling with petrol supplies as strikes go on Strikes at several TotalEnergies refineries and storage sites that have been weighing on France's petrol supplies have been prolonged by workers this morning, a representative … Business • 17 Oct 22
Minister issued direction on gas supply to data centres Minister for Climate Eamon Ryan instructed the organisation which runs Ireland's natural gas network not to provide connections to data centres which are going to … Ireland • 14 Oct 22
Euro zone 'coming closer' to contraction in 2023 - ECB Uncertainty about Russian energy imports is pushing the euro zone closer towards a contraction in 2023, a senior European Central Bank official said today. Business • 14 Oct 22
No deal in France between CGT union and TotalEnergies France's CGT union, at the core of a weeks-long strike at refineries and some petrol depots of oil major TotalEnergies, walked away from wage talks … Business • 14 Oct 22
Inflation rate moderates to 8.2% in September - CSO New Central Statistics Office figures show that the annual rate of inflation rose by 8.2% in September, down from an annual increase of 8.7% in … Business • 13 Oct 22
France tells TotalEnergies to up wages amid strikes The French government told TotalEnergies today to raise wages as a standoff between the oil major and striking workers which has hit the country's petrol … Business • 13 Oct 22
Years before Ireland has enough LNG storage - Ryan It will be years before Ireland has enough secure liquid natural gas storage, Minister for the Environment Eamon Ryan has said. Ireland • 13 Oct 22
OPEC cuts oil demand growth view as economy slows OPEC has today cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, … Business • 12 Oct 22
Germany forecasts recession, soaring inflation in 2023 Germany's output will contract by 0.4% next year and inflation is expected to hit 7%, the government forecast today, as Europe's top economy battles soaring … Business • 12 Oct 22
Exporters plan to enter new markets despite uncertainty Global market uncertainty, energy and supply chain issues and skills shortages were among the top challenges cited by exporters ahead of Enterprise Ireland's International Markets … Business • 12 Oct 22
Energy price spikes to continue for firms next year A combination of further cost pressures and expected reduced demand from consumers will present a challenge to businesses over the winter months, the Banking and … Business • 12 Oct 22
Govt reveals dates for payments announced in Budget The Government has revealed the payment dates for the €1.2 billion worth of lump sum social protection supports announced in last month's Budget. Budget 2023 • 11 Oct 22
Germany to slide into recession next year - source The German government expects Europe's largest economy to slide into recession next year, contracting 0.4% as an energy crisis, rising prices and supply bottlenecks take … Business • 06 Oct 22
Ryan wanted to cut ESB dividend in half - FOI Environment Minster Eamon Ryan wanted to cut in half the dividend being paid to the state by the ESB so that the company could reinvest … Business • 06 Oct 22
TotalEnergies to continue shipping Russian LNG French energy giant TotalEnergies will continue to ship liquefied natural gas (LNG) from Russia as long as there are no European sanctions on the fuel, … Business • 06 Oct 22
Gap between electricity demand and supply to get worse The electricity system will face a shortfall of supply over demand for the next decade, according to grid operator EirGrid. Business • 06 Oct 22
