Industry & Business

Economy

Irish Manufacturing Renaissance in Peril

    Irish Manufacturing Renaissance in Peril

“Manufacturing is incredibly important to our economy and we are going through a ‘Renaissance’. Our economy has been performing strongly and manufacturing is at the centre,” said Fergal O’Brien (pictured), Director of Policy and Chief Economist, IBEC, when addressing the recent National Manufacturing and Supply Chain Conference at Citywest Hotel in Dublin.
“Ireland is one of […]

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Manufacturing Sector Represents Almost a Third of the Irish Economy

    Manufacturing Sector Represents Almost a Third of the Irish Economy

The Irish manufacturing sector employs over 250,000 people and accounts for 32% of Ireland’s GDP – significantly higher than the European average of 15% and Germany at 21%, according to Martin Shanahan (pictured), CEO of IDA Ireland. Manufacturing also plays a key role in helping to address the regional imbalance in the Irish economy with […]

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Fáilte Ireland Ramps Up Brexit Preparations With €5 Million Investment

    Fáilte Ireland Ramps Up Brexit Preparations With €5 Million Investment

Fáilte Ireland – the National Tourism Development Authority – will invest €5 million to support the tourism sector as it prepares for Brexit. The announcement marks a significant ramping up of activities to ensure Irish tourism is both ‘product-ready’ and ‘industry-ready’ ahead of the UK withdrawal from the EU.
The investment comes as new figures published by Fáilte Ireland […]

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Cork Chamber to Mark its 200 Year Anniversary

    Cork Chamber to Mark its 200 Year Anniversary

Cork Chamber of Commerce have launched their 200 year anniversary programme, with the announcement that the President of Ireland, Michael D. Higgins, will give the keynote speech at this year’s Annual Dinner. In his first address to a business audience since his second term inauguration, the President will address attendees at the sell-out Annual Dinner in […]

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215,207 People Now Employed by Enterprise Ireland Supported Companies – Highest Ever

    215,207 People Now Employed by Enterprise Ireland Supported Companies – Highest Ever

215,207 people are now employed in companies supported by Enterprise Ireland, growing at 4.4% in 2018. This is the highest total employment in the 20-year history of the agency. Almost two thirds (61%) of the new jobs created were outside of Dublin with all regions recording increases in employment. 64% of total employment by Enterprise […]

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Highest Number Ever Employed in Multinational Sector

    Highest Number Ever Employed in Multinational Sector

IDA Ireland, which is responsible for attracting foreign direct investment (FDI) to the county, has announced that employment levels in its client companies have reached 229,057. FDI’s performance has exceeded targets set by Government contained in IDA Ireland’s Strategy – Winning: Foreign Direct Investment 2015-2019.
For context, IDA clients added two and a half times more […]

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Dublin Property Prices to Rise 3.8% in 2019

    Dublin Property Prices to Rise 3.8% in 2019

Dublin estate agents expect property values to rise by an average of 3.8% this year – less than half the increase predicted in 2018, according to the 2019 Sunday Times Dublin Property Price Guide. Now in its 16th year, The Sunday Times Property Price Guide is the authoritative guide to the Dublin property market, featuring interviews […]

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CRU Proposals to Facilitate Greater Integration of Renewable Natural Gas

    CRU Proposals to Facilitate Greater Integration of Renewable Natural Gas

The Commission for Regulation of Utilities (CRU) is supporting the introduction of renewable natural gas to the Irish transmission network with a revision to the Gas Safety Guidelines to incorporate renewable gas injection facilities. In addition, the CRU has commenced a consultation on changes to the gas transmission tariff methodology, which includes proposals to facilitate […]

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SEAI Report Highlights Urgent Need to Reduce Reliance on Fossil Fuels

    SEAI Report Highlights Urgent Need to Reduce Reliance on Fossil Fuels

The Sustainable Energy Authority of Ireland (SEAI) has published their annual Energy in Ireland report. Energy in Ireland presents the latest national data and trends on energy use and renewable energy in Ireland. This year’s report shows a 0.5% increase in energy demand as the economy grew by 3.0%.
Ireland continues to face a challenge in […]

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IDA Ireland Launches ‘The Landing Space’ in Sligo

    IDA Ireland Launches ‘The Landing Space’ in Sligo

IDA Ireland, in partnership with IT Sligo and Sligo County Council, have officially opened a new fast landing property solution. The establishment of IDA Ireland’s first fast landing service at Embankment House, Sligo, to be known as ‘The Landing Space’, will provide an open plan, turnkey collaborative working environment for companies who wish to quickly […]

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€29 Million in Government Funding Through the Regional Enterprise Development Fund

    €29 Million in Government Funding Through the Regional Enterprise Development Fund

The Government has announced the results of the second round of the Regional Enterprise Development Fund, an open national competitive call to support regional projects, delivered for the Government through Enterprise Ireland. Twenty-one successful applicants representing all regions of the country have secured just over €29 million for their projects in the second call for proposals […]

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Northern Ireland Business Expenditure in R&D Continues to Rise

    Northern Ireland Business Expenditure in R&D Continues to Rise

The 2017 Research and Development Statistical Bulletin on R&D expenditure by businesses in Northern Ireland shows a 4 per cent rise on 2016, and 20 per cent on five years ago. The report also shows an increase in the number of businesses investing in R&D, which has risen to 900 companies [1].
Welcoming the positive figures released […]

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Survey Finds 68% of Irish CEOs Have Started to Mitigate Against Potential Impact of Brexit

    Survey Finds 68% of Irish CEOs Have Started to Mitigate Against Potential Impact of Brexit

Almost seven in ten (68%) Irish CEOs have said they have acted to mitigate against the potential impact of Brexit, according to a survey of Irish business leaders by Deloitte and Enterprise Ireland. The main areas of mitigation action included scenario planning, changes to supply chain and engaging with government and other agencies.
95% of Irish […]

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Major Shift in Irish Housing Construction Needed to Safeguard Future Sustainability of the Sector

    Major Shift in Irish Housing Construction Needed to Safeguard Future Sustainability of the Sector

A major shift in Irish construction practices is urgently required to safeguard the sustainability of the sector into the future, according to Guaranteed Irish, the not-for-profit business membership organisation championing 500+ homegrown and international businesses in Ireland. Guaranteed Irish recently hosted a roundtable discussion with members and other key decision-makers in the Irish construction, manufacturing, […]

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Fáilte Ireland Unveils Range of Measures to Sustain Tourism Growth For 2019

    Fáilte Ireland Unveils Range of Measures to Sustain Tourism Growth For 2019

Creating a series of long-term tourism development plans for specific geographical locations, developing new festivals to lengthen the tourism season, and promoting careers in the tourism sector – these are just some of the key initiatives Fáilte Ireland’s CEO Paul Kelly has outline, as he set out plans for 2019.
As the tourism agency looks to […]

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Genesys Creates 200 New Tech Jobs and Establishes Global Artificial Intelligence Centre of Excellence

    Genesys Creates 200 New Tech Jobs and Establishes Global Artificial Intelligence Centre of Excellence

Genesys®, the global leader in omnichannel customer experience and contact centre solutions, has announced it is creating 200 new technology jobs in Ireland over the next three years. The senior and highly skilled technical roles are based at the company’s new Galway office. The state-of-the-art facility serves as a Genesys research and development (R&D) hub […]

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Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford

    Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford

Bausch Health Companies will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Waterford, Ireland and Rochester in the US. The company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses.
“Bausch + Lomb is one […]

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Ireland Starts to Feel Bite of US Tax Reforms

    Ireland Starts to Feel Bite of US Tax Reforms

Executives around the world are cooling to the idea of investing internationally in the face of a rising trade tariff war between the US and China, and renewed US sanctions on Iran and Russia, as well as the EU uncertainty created by the looming prospect of a ‘no deal’ Brexit, writes John Whelan.
In its half-yearly assessment […]

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Proposed EU Legislation Poses Imminent Threat to Irish Economic Model

    Proposed EU Legislation Poses Imminent Threat to Irish Economic Model

One of the central pillars of Ireland’s economic model is under considerable threat with the re-issuing of Common Consolidated Corporate Tax Base ( CCCTB ) proposal by the European Commission, according to Seamus Coffey, Economist and Chair of The Irish Fiscal Advisory Council. The proposal would see a single set of rules which would calculate […]

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Ireland Leads in Fight For Manufacturing Jobs For Now

    Ireland Leads in Fight For Manufacturing Jobs For Now

These are good days for Ireland’s manufacturers as a resurgent economy driven by home-grown and foreign investment provide the biggest turnaround since the financial collapse 10 years ago, writes John Whelan.
Irish manufacturing firms recorded the highest increase in industrial production across all EU countries in the year to August 2018, according to new Eurostat figures.
The rate […]

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Ireland’s Nation Brand Booming – Brand Finance Report

    Ireland’s Nation Brand Booming – Brand Finance Report

Ireland’s nation brand continues to be one of the fastest-growing in the world, rising 26% in value year on year to US$538 billion, according to the latest Brand Finance Nation Brands report. Jumping six places in the ranking, Ireland has broken into the top 30, growing faster than the USA, China or the UK. This […]

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Research and Innovation Critical to Business Success Post Brexit

    Research and Innovation Critical to Business Success Post Brexit

The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both the business sector and the State is critical in order for Irish businesses to survive the hard hitting impact of Brexit. Denis Hayes says despite budget 2019 proposals State expenditure on research and innovation will […]

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Government Investment in Research & Development Amounts to Over €750 Million in 2018

    Government Investment in Research & Development Amounts to Over €750 Million in 2018

The latest figures on Government investment in research and development (R&D), published by the Department of Business, Enterprise and Innovation, show that over €750 million is estimated to have been invested in R&D in 2018. The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments […]

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Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

    Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The survey of more than 500 tourism businesses around the country shows over half of the tourism industry is reporting their business to be up, with two thirds (64%) saying that tourism agency supports have been […]

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78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

    78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

According to new SME research conducted by Bank of Ireland and Red C, 78% of Irish SMEs are confident in their ability to borrow if additional capital is required over the next twelve months, and almost one quarter (23%) already intend to borrow in the coming year. Just over one in three (34%) SMEs identified no […]

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Increased Funding For Business, Enterprise and Innovation

    Increased Funding For Business, Enterprise and Innovation

The Government has announced an increase in funding in Budget 2019 totalling €950.2m (+9.1%) for the Department of Business, Enterprise and Innovation. This allocation is €79.2m above the 2018 allocation of €871m for the Department and includes a record Capital budget increase of €65m (+11.7%) on the existing ceiling of €555m and an additional €14.2m (+4.5%) in Current funding.
Minister for Business, Enterprise and Innovation Heather Humphreys […]

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Increase in Numbers of Businesses Preparing For Brexit

    Increase in Numbers of Businesses Preparing For Brexit

The Government has welcomed survey findings that show 44% of businesses that are strongly impacted by Brexit have a plan in place, and urged those without a plan to urgently put one in place. With a sample size of 546 SMEs, the survey is the third in a series on the impact of Brexit on […]

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Ibec Publishes Latest Local Economic Indicators Report

    Ibec Publishes Latest Local Economic Indicators Report

Ibec, the group that represents Irish business, has launched Local Economic Indicators 2018: Doing Business Locally. The annual report measures data from across eight regions and in all 31 local authorities.
Local Economic Indicators 2018 is an evidenced-based report compiled from publicly available data. It provides insights for future policy planning in relation to eight categories: population, […]

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Economic Growth Revised Upward in 2018 and 2019

    Economic Growth Revised Upward in 2018 and 2019

Strong growth is likely to persist in the Irish economy through 2018 and 2019. This is indicated by rising private consumption, increases in taxation receipts and continued declines in unemployment rates. The ESRI’s latest Quarterly Economic Commentary states that GDP is expected to grow by 8.9 per cent in 2018, followed by 4.5 per cent growth in […]

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Dublin Housing Crisis Restricts Employers’ Ability to Recruit

    Dublin Housing Crisis Restricts Employers’ Ability to Recruit

New research commissioned by specialist regeneration and property developer U+I shows that Dublin’s housing crisis is seriously hampering business’ efforts to recruit and retain talent in the city. The Housing availability, recruitment and retention in Dublin research, conducted by market research company Behaviour & Attitudes*, surveyed over 100 senior hiring managers representing large national and international employers […]

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Irish Public Policy Must Change to Reflect Rapid Digitalisation

    Irish Public Policy Must Change to Reflect Rapid Digitalisation

Government must urgently address the needs of the labour market, if Ireland is to stay apace with the rapid digitalisation of the global workplace and future employment challenges, according to Ibec CEO, Danny McCoy who was addressing a broad range of business leaders. Speaking at ACCA’s recent Business Leaders Forum in Dublin, Danny McCoy set out […]

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250 New Jobs Announced by Alchemy in Major Investment in Northern Ireland

    250 New Jobs Announced by Alchemy in Major Investment in Northern Ireland

Alchemy Technology Services has announced it is setting up a European Centre of Excellence in Londonderry. It will provide software implementation and technology consultancy to the UK and European insurance sector.
The company will provide certified staff to System Integrators, Software Providers and insurance companies for the implementation of digital solutions across the insurance industry. To […]

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Danske Bank to Create 67 New Jobs in Northern Ireland

    Danske Bank to Create 67 New Jobs in Northern Ireland

Danske Bank has chosen Londonderry as the location for a new Customer Protection Centre. The centre will create 67 new roles, including quality assurance managers and analysts.
The Centre will complete due diligence checks on personal and business customers, as part of regulatory requirements for all banks to demonstrate an increased responsibility for knowing and understanding how […]

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Government’s Three Pronged Approach to Food & Drink Industry Ahead of Brexit

    Government’s Three Pronged Approach to Food & Drink Industry Ahead of Brexit

Minister of State for Food, Forestry and Horticulture Andrew Doyle TD (pictured) has identified three key areas the Government is negotiating on as Brexit looms. Speaking at the recent Food & Drink Business Europe Conference and Exhibition held at The Citywest Hotel in Dublin, the Minister outlined the importance of maintaining a strong trading relationship […]

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Dublin Airport Welcomes New Dallas Route

    Dublin Airport Welcomes New Dallas Route

Dublin Airport has welcomed American Airlines’ announcement that it is to operate a new Dublin-Dallas Fort Worth summer service from next June. The daily service will be Ireland’s first direct flight to Dallas, which is American’s largest hub for connecting traffic. It will improve connectivity from Ireland to Texas and also to a large number of […]

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Customs and Logistics the Top Concern For Irish companies as Enterprise Ireland Launches its Next Wave of Brexit Advisory Clinics

    Customs and Logistics the Top Concern For Irish companies as Enterprise Ireland Launches its Next Wave of Brexit Advisory Clinics

Customs and Logistics is the single biggest Brexit challenge facing Irish business according to an Enterprise Ireland survey which took place at its Dublin Brexit Advisory Clinic in June. Almost half (49%) of the respondents to the audience participation poll ranked Customs and Logistics as their greatest concern. This was followed by Financial and Currency […]

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Research Technical Paper – Economic Migration and Business Cycles in a Small Open Economy With Matching Frictions

    Research Technical Paper – Economic Migration and Business Cycles in a Small Open Economy With Matching Frictions

The Central Bank of Ireland has published a Research Technical Paper. The paper, “Economic Migration and Business Cycles in a Small Open Economy with Matching Frictions”, by Matija Lozej, investigates how the domestic labour market of a small open economy is affected by migration and the implications this has on the business cycle of a […]

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British Irish Chamber of Commerce Calls For EU-wide Brexit Mitigation Fund

    British Irish Chamber of Commerce Calls For EU-wide Brexit Mitigation Fund

The British Irish Chamber of Commerce has called for the establishment of an EU-wide Brexit Mitigation Fund for industries and regions negatively impacted by Brexit and urged the government to step up its efforts to protect the economy against the worst impacts of the UK’s withdrawal from the EU.
In its Pre-Budget Submission presented to the […]

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Dublin Selected as Host City For Global DIY Summit in 2019

    Dublin Selected as Host City For Global DIY Summit in 2019

Dublin has been selected to host the 2019 Global DIY Summit following a competitive process which included bids from a number of key convention destinations including Rome and Amsterdam. The event, which will take place over the course of two days in the Convention Centre Dublin next June, is expected to generate up to €5 […]

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Long Winter and Summer Drought to Impact Farm Incomes in 2018

    Long Winter and Summer Drought to Impact Farm Incomes in 2018

A new report, produced by Teagasc economists, highlights the likely impact on the bottom line for Irish farming resulting from this year’s peculiar weather conditions.
As part of their mid-year Outlook, Teagasc economists outlined how Irish grassland and tillage farmers have faced highly unusual weather through the first half of 2018. A long winter was followed […]

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Economy Growing at Robust Pace But Risk of Overheating

    Economy Growing at Robust Pace But Risk of Overheating

The Central Bank of Ireland has published its third Quarterly Bulletin of 2018. The Bulletin examines recent trends in the domestic economy and provides the Central Bank’s forecasts for the Irish economy and its views on domestic macro-economic policy issues.The Bulletin reports:

Domestic demand to provide the main stimulus to growth, with underlying domestic demand expected […]

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Skillnet Ireland Announces €2 Million Training Fund to Help Close the Widening Skills Gap

    Skillnet Ireland Announces €2 Million Training Fund to Help Close the Widening Skills Gap

Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning in Ireland has announced up to €2 million worth of funding will be made available to industry bodies and enterprise groups to develop new Skillnet Networks. The new enterprise-led learning networks will be launched in 2019 and will support Irish businesses […]

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Dublin’s First Major Cost Rental Development

    Dublin’s First Major Cost Rental Development

A Dublin City Council-owned site at Emmet Road in Inchicore, has been selected as the location for Dublin’s first major Cost Rental development. It is expected that the detailed proposal for the site will be brought before the Council in September for approval.
It is envisaged that delivery will be overseen by a dedicated project team […]

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Irish Economy in Strong Position But Challenges Intensify

    Irish Economy in Strong Position But Challenges Intensify

Ibec, the group that represents Irish business, has welcomed the latest National Accounts figures published by the CSO, which show that Ireland was again the fastest growing economy in the EU last year. Ibec economist Alison Wrynn said: “The numbers show that the Irish economy remains in a very strong position. GDP growth of over […]

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Jobs.ie Survey Reveals that Almost Half of Dublin-based Workers Would Leave the Capital For Shorter Commuting Times

    Jobs.ie Survey Reveals that Almost Half of Dublin-based Workers Would Leave the Capital For Shorter Commuting Times

A new survey of employees conducted by Jobs.ie reveals employees’ strong desire for greater flexibility on when and where they work. The frustration with long commutes during peak hours is such that, when ‘don’t knows’ are excluded, almost half (49%) of Dublin-based workers say that they would leave the capital city if it meant that […]

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Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility

    Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility

Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in […]

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Grand Canal Innovation District Planned For Dublin

    Grand Canal Innovation District Planned For Dublin

A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. […]

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Export Sales by Enterprise Ireland Client Companies Hit New Record

    Export Sales by Enterprise Ireland Client Companies Hit New Record

Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded export sales of €22.71 billion in 2017, representing a 7 per cent increase on 2016. This is the highest level of export sales recorded in the history of the agency and the eighth-consecutive year of […]

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BD Opens New State-of-the-art R&D Facility in Limerick

    BD Opens New State-of-the-art R&D Facility in Limerick

BD, a leading global medical technology company, is to create 85 new jobs for the Limerick region. The announcement was made as Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection Pat Breen TD, officially opened BD’s Research Centre Ireland (RCI) in Limerick’s National Technology Park. The €21 million investment in BD’s […]

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Fexco to Create 175 New Jobs in Ireland’s South West

    Fexco to Create 175 New Jobs in Ireland’s South West

Irish-international fintech company, Fexco has announced a significant expansion of its operations headquartered in Killorglin, Co Kerry creating 175 new jobs over 3 years. The jobs form part of Fexco’s expansion strategy reinforcing the South West’s position as the driving force of Ireland’s fintech industry.
The announcement was made in Killorglin by Julie Sinnamon, CEO of […]

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Reliance on UK Exports Could Lead to High Brexit Cost Increases For Irish Firms

    Reliance on UK Exports Could Lead to High Brexit Cost Increases For Irish Firms

Irish-owned firms rely heavily on the UK as the source of intermediate inputs, which are goods used to produce a final product. Over half of the total imports used by Irish-owned firms are sourced in the UK with many importing solely from the UK market. Many Irish-owned companies are therefore highly exposed to cost increases […]

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Digitalisation of Irish SMEs and National Research Investment to Benefit From European Best-practice

    Digitalisation of Irish SMEs and National Research Investment to Benefit From European Best-practice

Crucial future investment to improve Ireland’s competitiveness will be strengthened by assessment of international best-practice in two key policy areas. EIB (European Investment Bank) advisory experts will identify ways to ensure more effective funding to support research and innovation in Ireland and to accelerate digitalisation by Irish small businesses.
The two new advisory programmes have been […]

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Electric Ireland Moved Below 50% Market Share For First Time in 2017

    Electric Ireland Moved Below 50% Market Share For First Time in 2017

Electric Ireland remained the largest electricity energy provider in 2017, however, it was the first year the supplier moved below a 50% share (49.5% of total consumption) in the electricity market, according to a report published by the Commission for Regulation of Utilities (CRU).
The annual Electricity and Gas Retail Market Report is part of the […]

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Home For Life is a New Participant in the Mortgage to Rent Scheme

    Home For Life is a New Participant in the Mortgage to Rent Scheme

The Government has welcomed Home For Life Ltd as a new participant in the Mortgage to Rent [MTR] scheme, where they will work in tandem with local authorities as landlords providing a long term solution for those in mortgage distress. The announcement coincides with the launch by the Department of Housing Planning and Local Government […]

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Public Consultation For Ireland’s Space Strategy For Enterprise

    Public Consultation For Ireland’s Space Strategy For Enterprise

Minister of State for Training, Skills, Innovation, Research and Development, John Halligan TD, has published a consultation document for Ireland’s Space Strategy for Enterprise. The consultation document seeks input from stakeholders on issues to be considered in the development of Ireland’s Space Strategy for Enterprise. The strategy will set out how Ireland will maximise on […]

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Enterprise Ireland Launches €500,000 Competitive Start Fund For Entrepreneurs in Marine Technology and Agritech Sectors

    Enterprise Ireland Launches €500,000 Competitive Start Fund For Entrepreneurs in Marine Technology and Agritech Sectors

Enterprise Ireland has announced a new Competitive Start Fund (CSF) totalling up to €500,000 to support start-ups in the marine technology and agritech sectors. The fund was launched by Minister for Agriculture, Food and the Marine, Michael Creed, TD, at the recent Our Ocean Wealth Summit, at Seafest 2018 in Galway.
The Fund will provide up […]

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ESB Launches a Call to Action For a Cleaner Energy Future

    ESB Launches a Call to Action For a Cleaner Energy Future

ESB has launched a call to action to the Irish public and industry to help the country move to a clean energy future by embracing electric heat and transport. ESB is showcasing the steps that everyone can take such as using electric heat pumps and electric vehicles to make energy savings, improve air quality and […]

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New Requirements Introduced to Provide Additional Transparency and Facilitate Mortgage Switching

    New Requirements Introduced to Provide Additional Transparency and Facilitate Mortgage Switching

Following a public consultation process, the Central Bank is introducing changes to the Consumer Protection Code 2012 to help consumers make savings on their mortgage repayments, provide additional protections to consumers who are eligible to switch, and facilitate mortgage switching through enhancing the transparency of the mortgage framework. These changes build on the strong framework […]

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