Business Financial News

Future-Proofing Ireland’s Economy

By Ryan Harmon 3 August 2022

The 2023 budget should include measures to help in future-proofing Ireland’s economy, says KPMG Ireland in its pre-budget submission. Specifically, it should aim to reduce the impact of inflation through income tax indexation, retain Ireland’s FDI competitiveness via personal tax reform, support our SME sector by reforming KEEP and EIIS and use our tax system […]

Financial News

‘Accommodation Recognition Payment’ for Hosts Accommodating People From Ukraine

By Ryan Harmon 27 July 2022

Applications for the €400 ‘Accommodation Recognition Payment’ can be made by households who are hosting people claiming Temporary Protection after fleeing the conflict in Ukraine. The payment will be paid on the second Tuesday of each month with the first payment being made on Tuesday 9th August, including any arrears that are due. The payment […]

Business Financial News

Irish Asset Management Industry

By Ryan Harmon 18 July 2022

Over the past 30 years, Ireland has developed a significant asset management industry on the international stage with €6.6bn in total assets under management and over 8k Irish domiciled funds as of December 2021. In the KPMG Ireland report, they take stock of the industry, identify key emerging trends and outline what it means for […]

Business Financial News

ARRACO Receives MiFID License and Opens Dublin Office

By Ryan Harmon 13 July 2022

ARRACO Global Markets Group, the award-winning and disruptive interdealer broker for global commodities, has been granted a MiFID licence from the Central Bank of Ireland for its Irish subsidiary ARRACO Ireland Limited to operate and open a new office in Dublin that will serve as the company’s European headquarters. The licence will allow ARRACO to […]

Business Financial News

Ocorian Targets Expansion in €3.88 Trillion Irish Funds Market

By Ryan Harmon 8 July 2022

The diversified financial services group, Ocorian, is targeting growth in the €3.88 trillion Irish funds market after being granted three new licences by the Central Bank of Ireland, making it one of just a few non-bank providers based in Ireland able to offer a full range of services for a wider range of clients.  The […]

Education Environment Financial News Technology

EIB to Strengthen Support for Climate, Connectivity, Renewables, Education and Innovation Across Ireland

By Ryan Harmon 1 July 2022

The European Investment Bank (EIB) is expected to strengthen support for climate action, clean transport, renewable energy, healthcare, education, agriculture and business in Ireland, in addition to enhancing support to sectors such as energy efficiency and peatland’s rehabilitation, following the meeting of the Ireland-EIB Financing Group held at Department of Finance.

Business Financial News

Significant Reform of KEEP Needed for Irish SMEs

By Ryan Harmon 23 June 2022

The current Department of Finance review of the KEEP provides a welcome opportunity to reinvigorate a scheme which has not delivered as intended for Irish SMEs. A more flexible scheme is needed to help level the playing field for smaller domestic businesses struggling to attract and retain key workers and who cannot match the salaries […]

Business Financial News

OFX Announce Establishment of European HQ in Dublin

By Ryan Harmon 10 June 2022

International money transfer and foreign exchange services provider OFX has announced the establishment of OFX Payments Ireland Limited as its European HQ in Dublin. The announcement comes as the company is targeting Ireland and the EU as growth markets for its business. OFX recently announced Maeve McMahon as its CEO and growth leader for the […]

Council Partners Financial News

Funding for Local Authorities to Purchase Vacant Buildings for Community Use

By Ryan Harmon 30 May 2022

The Minister for Rural and Community Development, Heather Humphreys, has announced a new funding stream to support Local Authorities to purchase vacant buildings which can be converted and developed for community use. The funding, which is being made available under the Town and Village Renewal Scheme, aims to support the continued regeneration of our rural […]

Business Financial News

Best Month Ever for Irish Trade

By Ryan Harmon 23 May 2022

The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, has welcomed the latest Irish trade release from the Central Statistics Office, with preliminary figures showing that the value of Ireland’s goods exports and imports from Ireland rose to their highest monthly levels on record. The value of goods exports in March 2022 was […]

Business Financial News

Irish Companies Top $400m in VC Investment in 2022

By Ryan Harmon 4 May 2022

KPMG has published its Venture Pulse Q1’22 report, tracking venture capital (VC) investment activity around the world. The figures show that Irish companies raised $401 million in venture capital investment across 25 deals in the first quarter of 2022 – the highest value of investment ever recorded in a first quarter.  The strong start to […]

Education Financial News

Minister Foley Announces €20 Million School Library Book Grant

By Ryan Harmon 19 April 2022

The Minister for Education Norma Foley TD has announced a €20 million for school library book grant will be provided to recognised primary and post-primary schools for the purchase of books, audio books and other media for the purposes of improving their existing literacy resource banks. This €20 million fund will be paid to schools […]

Business Financial News

Citi Creates 300 New Jobs in Ireland

By Ryan Harmon 19 April 2022

Citi have announced that it intends to create 300 new jobs for Ireland this year. Minister for Finance Paschal Donohoe T.D. and Cecilia Ronan, Citi Country Head Ireland, with Martin Shanahan, CEO, IDA Ireland made the announcement at Citi’s European Bank headquarters on North Wall Quay in Dublin. The bank employs 2500 people in Ireland […]

Business Financial News

Workday to Create 1,000 Jobs in Dublin Over the Next Two Years

By Ryan Harmon 5 April 2022

Workday, a leader in enterprise cloud applications for finance and human resources, have announced that it intends to create 1,000 new jobs over the next two years at its European headquarters in Dublin, increasing its Ireland-based workforce by approximately 60%. This investment is supported by the Irish Government through IDA Ireland. In addition, to support its future

Business Council Partners Financial News

€54m in Financial Supports to Donegal Businesses During the Pandemic

By Ryan Harmon 30 March 2022

Since the very early days of the Covid-19 pandemic, several financial business supports have been provided by Donegal County Council to many businesses in the county. These supports included several grant schemes and initiatives delivered through the Council’s Finance Directorate and Local Enterprise Office (LEO). Within months of the pandemic in 2020, the Finance

Environment Financial News

EU-Funded Conservation Project Aims to Deliver a 20% Increase in Corncrake Population

By Ryan Harmon 28 March 2022

A new €5.9m EU-funded LIFE conservation project overseen by the Department of Housing, Local Government and Heritage was launched in Gort a Choirce in Co. Donegal, Friday March 25th by Minister of State for Heritage and Electoral Reform Malcolm Noonan TD and Minister of State with responsibility for land use and biodiversity at the Department […]

Business Financial News

Revolut Launch New Deposit Accounts in Ireland

By Ryan Harmon 25 March 2022

The online financial platform Revolut is launching deposit accounts in Ireland. Customers’ funds of up to €100,000 will be protected under the Lithuanian deposit guarantee scheme. The move to launch ‘Revolut Bank’ in Ireland comes ahead of the withdrawal by Ulster Bank and KBC from the Irish market, which has left nearly 1.5 million customers […]

Financial News

Opening of 3 New City Centre Hubs to Support Ukrainian Families

By Ryan Harmon 21 March 2022

The Minister for Social Protection Heather Humphreys has announced the establishment of 3 new city centre hubs to support Ukrainian nationals who have fled the Russian invasion. The ‘Ukraine Support Centres’ in Dublin, Cork and Limerick will assist Ukrainians in obtaining PPS Numbers, availing of Social Welfare income supports, and receiving referrals to other State […]

Business Financial News

Bank of Ireland Opens Manhattan Base to All Business Customers

By Ryan Harmon 21 March 2022

Bank of Ireland has opened its Manhattan offices to its business customers. The NYC Hub is being targeted at banking customers looking to expand into the United States, offering a location for meetings with customers and potential investors. Based at the Irish lender’s offices at 2 Grand Central Tower in Manhattan, it was previously restricted […]

Financial News

Extra €125 Fuel Allowance Payments to be Paid to 372,000 Households

By Ryan Harmon 15 March 2022

Minister for Social Protection, Heather Humphreys, has announced that the €125 once-off Fuel Allowance payments will be paid to 372,000 households this week. The payment, on top of regular Fuel Allowance, was agreed as part of the government’s €505 million package aimed at mitigating the effects of rising energy costs. Households will receive the payment […]