Governor of the Central Bank of Ireland Gabriel Makhlouf met with local businesses across Meath today during his outreach visit to the Royal County, where he asked business leaders about their experience of the economy and what is happening on the ground. The Governor also discussed the Central Bank’s consultation on the Consumer Protection Code, […]
The Central Bank has today (12 March 2024) published its first Quarterly Bulletin of 2024. On the launch of the Quarterly Bulletin, Robert Kelly, Director of Economics and Statistics said: “Global headwinds and domestic capacity constraints are affecting the growth of the Irish economy. Disinflation has been significantly progressing and external price pressures have
Legitify, a Irish-based online notarisation solution, proudly announces the successful close of a €1.5 million funding round. This significant milestone is led by Verb Ventures, with key contributions from Enterprise Ireland, Actium Partners, Redbay Ventures and other investors, marking a strong vote of confidence in Legitify's innovative approach to simplifying and
Chambers Ireland has responded to a report from the Department of Enterprise, Trade and Employment on working conditions in Ireland. The purpose of the original report was to determine the impact of several different initiatives the government has taken over the past few years, such as auto-enrolment retirement savings, parental leave and benefits, statutory sick pay (SSP), etc.
Financial data and research firm PitchBook, today reported that €100 million was invested by venture capital (VC) firms in Irish women founders in 2023. The report also stated that Ireland is the 3rd country in Europe per deal count on a per capita basis for investment in women-led start-ups and has consistently ranked in the […]
The Central Statistics Office has recently published its quarterly report for the end of 2023
The Minister for Finance, Michael McGrath TD, and the Minister for Public Expenditure, National Development Plan Delivery and Reform, Paschal Donohoe TD, welcomed the publication of the IMF’s assessment of the Irish economy, the Staff Report for the 2023 Article IV Consultation. Ireland’s 2023 Article IV Consultation was set against the backdrop of Budget 2024, […]
Irish payments start-up CleverCards is creating 35 new roles in Sandyford as it announces it has opened 350,000 accounts. The roles will be in sales and marketing, software development, and legal and compliance. The milestone announcement was made during a visit with Minister of Enterprise, Trade and Employment Simon Coveney TD, who said, “in a […]
Meath County Councillors have adopted the budget for 2024, which provides for expenditure of over €208.7 million on local public services, an increase of over €22m (or 12%) on last year’s budget and the first time the Council budget has exceeded €200m. Councillors adopted the annual budget for 2024 at a meeting recently, with plans […]
Minister for Enterprise, Trade and Employment Simon Coveney has announced that the government has signed off an increased package of €257 million for the Increased Cost of Business (ICOB) grants. The grant was announced as part of Budget 2024 and will be paid in once-off grants to small and medium businesses in the first quarter […]
The passing of the Credit Union (Amendment) Bill 2022 at Report and Final Stages in the Dáil, has been welcomed by Jennifer Carroll MacNeill TD as a step forward for Ireland’s credit unions. The Bill will now be referred to the Seanad and finally to the President of Ireland for approval. Minister Carroll MacNeill stated, […]
Minister for Enterprise, Trade and Employment, Simon Coveney, and the Minister for Finance Michael McGrath welcomed the announcement of a further commitment of up to €20 million to Resolve Ventures, in what is the second allocation from the Irish Innovation Seed Fund. The first commitment under this programme saw an allocation to WakeUp Capital in […]
Minister McGrath Welcomes Publication of European Commission’s Opinion on Ireland’s Budget 2024 Plan
The Minister for Finance, Michael McGrath TD, welcomes the publication by the European Commission of its Opinion on Ireland’s Draft Budget 2024. Overall, the Commission is of the opinion that Ireland’s DBP is in line with the recommendations adopted by the Council in July which, amongst others, recommended Ireland to maintain a sound fiscal position […]
Allied Irish Bank Group (AIB) has confirmed it is joining the €500 million Growth and Sustainability Scheme as a lender. The scheme will provide eligible SMEs, including farmers, fishers, and Small Mid-Caps with competitively priced loans of between €25,000 and €3 million for terms of up to ten years, with loans of up to €500,000 […]
Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, announces that it has received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland (CBI). This follows on from the firm receiving cryptoasset registration from the UK’s Financial Conduct Authority (FCA) in July 2022 and its In-Principle […]
Ctrl Alt, a fintech start-up based in London and Dundalk, has secured €2.5 million in funding with Enterprise Ireland and MiddleGame Ventures among the backers. Founded in 2020 by Matt Ong, who had formerly held senior roles at both Morgan Stanley and Credit Suisse, Ctrl Alt is a business-to-business provider for alternative assets. It assists […]
Minister for Justice Helen McEntee TD has launched an online survey seeking the views of members of the public to help form a cross-sectoral strategy on how to combat economic crime and corruption. The short online survey will ask participants about their personal concerns regarding economic crime and its impact on society, as well as […]
This guide provides a high-level overview of Budget 2024. It aims to explain how money will be raised and spent in 2024. One-Off Cost of Living Supports Measure Date €450 electricity credits (3 x 150) 2023/24 €300 Fuel Allowance lump sum Winter 2023 €200 Living Alone Allowance lump sum Winter 2023 Double month Child Benefit Winter 2023
The Minister for Social Protection, Heather Humphreys TD, has announced the start of the National Fuel Allowance Scheme for the 2023/24 Season. Fuel Allowance, which is a means-assessed payment, will be paid for 28 weeks to some 404,000 households across the State. The payment is made at the weekly rate of €33 or if preferred, […]
Minister for Enterprise, Trade and Employment, Simon Coveney, along with the Minister for Agriculture, Food and the Marine, Charlie McConalogue, and Minister for Finance, Michael McGrath, have announced Bank of Ireland as the first lender to the market for the €500 million Growth and Sustainability Loan Scheme. A number of other lenders, including non-bank lenders, […]