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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 […]

Your Guide to Budget 2024

By Ryan Harmon 11 October 2023

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

Financial News

2023/24 Fuel Allowance Season Launches

By Ryan Harmon 26 September 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, […]

Business Financial News

First Lender to Market for €500m Growth and Sustainability Loan Scheme

By Ryan Harmon 21 September 2023

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, […]

Business Financial News

European Commission Proposes New Rules for Tax Procedures

By Ryan Harmon 1 August 2023

The European Commission (EC) issued a proposal for a Council Directive for tax procedures providing for the ‘Faster and Safer Relief of Excess Withholding Taxes (FASTER)’ initiative. The aim of the proposal is to make withholding tax (WHT) procedures in the EU more efficient and secure for investors, financial intermediaries, and local tax

Financial News

Development of Ireland’s First National Financial Literacy Strategy

By Ryan Harmon 14 July 2023

The Minister for Finance, Michael McGrath TD, has announced the development of the first National Financial Literacy Strategy for Ireland. The Minister made the announcement following the launch of the Competition and Consumer Protection Commission’s (CCPC) report on ‘Financial Wellbeing in Ireland: Financial literacy and inclusion in 2023’. Speaking about the strategy,

Business Financial News

Ministers Welcome AIB As Lender for €1.2b Ukraine Credit Guarantee Scheme

By Ryan Harmon 19 June 2023

Allied Irish Bank Group (AIB) has confirmed it is joining the Ukraine Credit Guarantee Scheme as a lender. This scheme has a lending ceiling of €1.2 billion and facilitates loans for working capital and medium-term investment. The important features are: No personal guarantee or collateral required for loans up to €250,000. Loans of up to […]

Business Financial News

Cryptocurrency Platform Gemini Chooses Dublin as its European HQ

By Ryan Harmon 26 May 2023

Cryptocurrency platform Gemini has announced Dublin as the location for its European HQ. Gemini launched its platform in Ireland and eleven other European markets in the fourth quarter of last year. Gemini’s positive view of the Irish regulatory landscape, coupled with the capital’s deep talent base in technology and innovation, and thriving startup scene were […]

Business Financial News

Paysend Launches New European Hub in Dublin to Drive EU Growth Strategy

By Ryan Harmon 2 May 2023

Paysend, the UK-based fintech with a rapidly growing market share in card-to-card consumer payments, announced the opening of an EU hub in Dublin to drive its expansion into the European market. Having recently received an Electronic Money Institution licence (EMI) from the Central Bank of Ireland, the new location will be used to expand the […]

Financial News

State’s Participation in AIB 2023 Share Buyback Programme

By Ryan Harmon 26 April 2023

The Minister for Finance, Michael McGrath, announces that he has accepted an offer from AIB Group Plc (the “Company” or “AIB”) to participate in their 2023 share buyback programme on a directed basis. The buyback will see the Company acquire €215 million of its shares from the State by way of an off-market purchase. The […]

Financial News

State’s €12 Billion Fiscal Response to Cost of Living Challenge

By Ryan Harmon 11 April 2023

The Minister for Finance Michael McGrath has published an assessment by his department on the fiscal response to the cost of living challenge. The aim of the analysis is to outline the key objectives of the government’s strategy and to document and quantify the fiscal response. Commenting on the analysis set out in the report, […]

Financial News

First Action Plan From Updated Ireland for Finance Strategy Launched

By Ryan Harmon 13 March 2023

The Minister of State for Financial Services, Credit Unions, and Insurance Dr Jennifer Carroll MacNeill TD launched the first Action Plan from the updated Ireland for Finance strategy following Cabinet approval. The 2023 Action Plan under the Update to the Ireland for Finance strategy sets out the key measures that the public and private stakeholders […]

Business Financial News

Ireland’s Women in Finance Charter to Deliver Meaningful Change in Gender Diversity in Financial Services

By Ryan Harmon 7 March 2023

Minister of State at the Department of Finance for Financial Services, Insurance and Credit Unions Dr Jennifer Carroll MacNeill has urged firms in the financial services industry to demonstrate their commitment to delivering gender balance by signing up to Ireland’s Women in Finance Charter. Minister Carroll MacNeill highlighted the importance of the Charter as the […]

Business Financial News

Revolut Launches Credit Cards for Customers in Ireland

By Ryan Harmon 22 February 2023

Online bank Revolut is to start rolling out credit cards to existing customers in Ireland. The company says the approval process will be immediate for those who are eligible and that the Revolut app will give users the option to set a budget for credit spending. There is no interest for the first three months […]

Business Financial News

Fintech humm Announces New Payments Partnership with Arnotts

By Ryan Harmon 21 February 2023

Irish-based fintech humm, part of ASX-listed Humm Group Limited, has announced a new payments partnership with the country’s largest department store, Arnotts with their homeware offering. Beginning with its furniture division, the partnership will enable Arnotts customers to access humm’s flexible payment products. humm is the market-leading retail credit provider in

Financial News

Annual Report on Public Debt in Ireland Published

By Ryan Harmon 7 February 2023

The Minister for Finance, Micheal McGrath TD, published his Department’s sixth annual assessment of public indebtedness, the Annual Report on Public Debt in Ireland 2022. The Report is prepared in order to analyse key trends in Irish public debt. The key message from the report is that the level of indebtedness remains high, despite the […]

Business Financial News

First Lender to the Market for €1.2b Ukraine Credit Guarantee Scheme

By Ryan Harmon 1 February 2023

Minister for Enterprise, Trade and Employment, Simon Coveney TD along with the Minister for Agriculture, Food and the Marine, Charlie McConalogue TD, and Minister for Finance, Michael McGrath TD, have announced Bank of Ireland as the first lender to the market for the Ukraine Credit Guarantee Scheme. A number of other lenders are expected to […]

Business Financial News

Waterland Raises €4bn Across European Investment Funds

By Ryan Harmon 30 January 2023

Waterland Private Equity Investment has raised €4 billion across two European investment funds, with some of the backing coming from the Ireland Strategic Investment Fund. The firm has closed fund-raising on its Private Equity Fund IX fund at €3.5 billion after four months. Its Partnership Fund I has closed at €500m. Other backers include asset […]

Business Financial News

Apex To Acquire Irish Depositary Business

By Ryan Harmon 26 January 2023

Apex Group, a global financial services provider, announced the planned acquisition of Bank of America Custodial Services Limited, the Irish depositary business of Bank of America. A spokesperson said, “Apex announces the planned acquisition of Bank of America Custodial Services Limited, the Irish depositary business of Bank of America. Apex Group will acquire BACSIL

Business Financial News

Revolut Users In Ireland to Get Irish IBAN This Year

By Ryan Harmon 24 January 2023

The accounts of Revolut customers in Ireland are to be migrated over to an Irish IBAN number in the coming months, the online bank has said. It follows the decision of the company to set up an Irish branch of its European business, Revolut Bank UAB, and begin migrating customers here to it. The move […]

Online Public Survey to Inform Cross-Sectoral Strategy to Combat Economic Crime and Corruption

Your Guide to Budget 2024

First Lender to Market for €500m Growth and Sustainability Loan Scheme

European Commission Proposes New Rules for Tax Procedures

Development of Ireland’s First National Financial Literacy Strategy

Ministers Welcome AIB As Lender for €1.2b Ukraine Credit Guarantee Scheme

Cryptocurrency Platform Gemini Chooses Dublin as its European HQ

Paysend Launches New European Hub in Dublin to Drive EU Growth Strategy

State’s €12 Billion Fiscal Response to Cost of Living Challenge

First Action Plan From Updated Ireland for Finance Strategy Launched

Ireland’s Women in Finance Charter to Deliver Meaningful Change in Gender Diversity in Financial Services

Revolut Launches Credit Cards for Customers in Ireland

Fintech humm Announces New Payments Partnership with Arnotts

Annual Report on Public Debt in Ireland Published

First Lender to the Market for €1.2b Ukraine Credit Guarantee Scheme

Waterland Raises €4bn Across European Investment Funds

Apex To Acquire Irish Depositary Business

Revolut Users In Ireland to Get Irish IBAN This Year

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