Archive for July 2021

There was a fall in online spending as consumers returned to shops and spent more on their credit and debit cards in-store in June, according to statistics from the Central Bank. Spending on cards in-store increased by 10%, or €304 million, last month compared to May, while online spending fell by 5%, or €133 million.…

The construction sector bounced back in the second three months of this year with the lifting of Covid-19 restrictions, according to the Central Statistics Office. The completion of houses and apartments is now running at a higher rate than the same period two years ago. The CSO’s New Dwelling Completions for the second quarter of…

The Financial Services Ombudsman said his office had to date received 1,051 complaints arising from the circumstances surrounding the Covid-19 pandemic. 180 of them related to business interruption insurance. Ger Deering said the Office of the FSO had dealt with 760 of the total, including 113 of the business interruption insurance complaints. The information was…

A total of 33,815 new .ie domains were registered in the first six months of 2021, according to the latest .IE Domain Profile Report. That was up 1.6% on the same period last year and marked the best first half-year period on record for new .ie domain registrations, the report from the company that manages…

The National Asset Management Agency recorded a €20m profit in the three months to the end of March, according to accounts submitted to the Oireachtas. The State body had revenues of €114m in the period, the majority of which came from the sale of loans and collateral relating to properties. NAMA said it was holding…

Retail sales volumes grew 3.3% in June compared to the previous month after restaurants and bars were allowed to serve customers outdoors for the first time this year. Sales were 10.6% higher than the same month a year ago, when stricter curbs were in place, and 13% up on pre-pandemic levels in June 2019. Non-essential…

The number of people receiving the Pandemic Unemployment Payment (PUP) is now at its lowest level since the introduction of the Government support in March 2020. There will be 192,296 people receiving the PUP this week, a drop of 9,856 over the past seven days. The largest reduction was in the accommodation and food services…

The national organisation promoting and developing co-operative housing in Ireland said it delivered 454 homes last year, despite the challenges posed by Covid-19. Co-operative Housing Ireland said that represented an increase of over a fifth on the previous year and that it was a record number of housing deliveries for the organisation. The outcome was…

Regime will require firms to set out who makes decisions and where responsibility lies It may be a further 18 months before long-planned new rules are in place to make it easier for regulators to hold senior managers in banks and other financial firms accountable for failings under their watch, Minister for Finance Paschal Donohoe…