Business Ireland

Commercial vacancy rate hits record high of 14.5%
The national commercial vacancy rate in Ireland has hit a record high of 14.5% in Q4 2024, according to the GeoDirectory Commercial Buildings Report, prepared by EY.
Residential property prices increased by 8.1% in the 12 months leading up to January
According to the latest data from the Central Statistics Office, property prices increased by 8.1% in the 12 months leading up to January this year.
Amazon has launched its new dedicated website for Ireland
Amazon has launched its new dedicated website for Ireland - Amazon.ie. The company announced that Irish customers can now shop from a selection of over 200 million products, with prices listed in euros, faster delivery options, and easier returns.
AI is projected to contribute €250 billion to Ireland's economy by 2035
A new report by Microsoft and Trinity College Dublin projects that artificial intelligence (AI) could contribute €250 billion to Ireland's economy, as measured by GDP, over the next decade.
Ireland’s Exports Reach Record High in 2024
Ireland experienced a remarkable year in 2024, with goods exports rising by 14%. However, exports to the UK declined by 10%.
Corrib Oil to create 1,200 jobs by 2030
Corrib Oil, a service station and energy company, has announced plans to more than double its nationwide store presence to 100 locations by 2030, creating 1,200 jobs across Ireland.
Government Reduces AIB Stake and Hints at Possible Exit This Year
The Irish government has reduced its stake in AIB Group from 17.5% to 12.5% and may completely exit its position in the bank later this year, Finance Minister Paschal Donohoe announced today.
Corporate Insolvencies Hit Highest Level Since 2016
A total of 875 corporate insolvencies were recorded last year, marking the highest level since 2016, according to new figures from Deloitte. Small and medium-sized enterprises (SMEs) remain the hardest hit.
Grid Constraints Reduce Wind Energy's Share of Electricity Supply
Wind energy's contribution to Ireland’s electricity supply declined in 2024 due to grid constraints, according to Wind Energy Ireland.
Irish Food and Drink Exports Reach Record High, Reports Bord Bia
Irish food, drink and horticulture exports were worth €17 billion last year, according to Bord Bia - a record high.
Nearly €400m in Grant Support Distributed to SMEs
Nearly €400 million has been disbursed this year to small and medium enterprises (SMEs) through the Power Up Grant and the Increased Cost of Business (ICOB) Scheme, providing critical support during a challenging year for small businesses.
Irish inflation rate
Prices in Ireland increased by 1 percent in the year leading up to November 2024, according to the Central Statistics Office (CSO).
ESRI Warns: House Prices Overvalued by 8-10%
Irish property prices are estimated to be overvalued by 8% to 10%, according to the Economic and Social Research Institute (ESRI) in its latest Quarterly Economic Commentary.
Over 400,000 Credit Card Holders Continue to Face APRs Exceeding 23%
A review conducted by the Central Bank has revealed that over 400,000 of Ireland's approximately 1.3 million credit card accounts are subject to Annual Percentage Rates (APRs) exceeding 23%.
Applegreen Announces €1 Billion Investment for Expansion in Ireland, UK, and US
Fuel and forecourt retailer Applegreen has unveiled a €1 billion investment strategy to expand its operations over the next five years.
Construction sector operating at 77% capacity amid high demand
The Irish construction industry is currently operating at roughly 75% capacity, despite high demand for new housing and infrastructure projects
Plans Submitted for €141m Solar Farm on 428-Acre Site in Co. Kildare
Plans have been submitted for a €141 million solar farm project in County Kildare, covering 428 acres across the townlands of Cadamstown, Ballina, Clonuff, and Garrisker.
 Diageo is set to invest €30 million in its brewery to accommodate the surging demand for Guinness 0
Diageo is set to invest €30 million in its St James's Gate brewery to meet the growing demand for non-alcoholic Guinness. Sales of Guinness 0.0 on draft saw a nearly 49% increase last year, reflecting a broader trend toward non-alcoholic beverages.
The Irish data protection authority has fined LinkedIn €310 million
The Irish Data Protection Commission (DPC) has imposed a total of €310 million in fines on LinkedIn, following an investigation into the platform's handling of users' personal data for behavioral analysis and targeted advertising.
Irish SMEs Cite Staffing, Energy Expenses, and Access to Finance as Major Concerns
Access to skilled staff, high energy and transport costs, and access to finance are the biggest risks identified by Irish SMEs in a survey by the Strategic Banking Corporation of Ireland (SBCI), the State’s promotional financial institution.
Influence of AI technologies for business in Ireland
AI technologies are profoundly impacting businesses in Ireland, spanning various sectors such as finance, healthcare, retail, manufacturing, and more.
IT business in Ireland in 2024
The IT business landscape in Ireland in 2024 is characterized by significant growth and innovation, driven by several key factors including government support, a robust startup ecosystem, and advancements in digital technology.
A third of new startup businesses disappear within four years
According to new research, one-third of all new businesses fail during the first four years of operation.
A significant increase in the number of houses being bulk-bought in Ireland
According to new data, the number of properties bulk-bought by investors has climbed dramatically in the last three years, despite an additional 10% levy imposed by funds to discourage the activity.
As part of a €100 million makeover, the St Stephen's Green shopping mall will be renovated
Dublin City Council has approved a €100 million makeover of the famous and 'outdated' St Stephen's Green shopping centre.
As fares increase, Ryanair anticipates record yearly profit and pledges a regular dividend
Ryanair announced that it anticipates posting a record annual profit and that it will pay investors a dividend on a regular basis for the first time.
How to Finance Your Small Business Start Up
Finding the finance to get a small business off the ground is a major issue for any potential small business but there are a number of sources you can tap into.
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