Fidelity Investments Ireland has announced further expansion of its national footprint commencing a recruitment drive for 300 new fulltime positions for its world-class team in Ireland. Work to fill these roles is underway and the company is looking to have all positions filled within 2 years. When complete this recruitment will see the company’s Irish […]
The Minister for Social Protection, Heather Humphreys, and the Minister for Public Expenditure and Reform, Michael McGrath, have announced the payment dates for the €1.2 billion cost of living payments introduced as part of last month’s Budget. The Social Protection budget – the largest in the history of the State – will assist pensioners, carers, […]
Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming, has launched an update to the Ireland for Finance strategy. The update of the Ireland for Finance strategy, which has been approved by Government, charts the future development of the international financial services sector in […]
University College Cork is delighted to announce that its flagship scholarship, the Quercus Talented Students’ Programme, is to be sponsored by Bank of Ireland up to the end of 2026. Announcing the sponsorship, President of UCC and Director of the Quercus Programme, Prof. John O’Halloran said, “we are delighted to welcome Bank of Ireland as the […]
This guide from the Irish Government provides a high-level overview of Budget 2023. It aims to explain how money will be raised and spent in 2023. Social Welfare Weekly social welfare rates will be increased by €12 for working age recipients. There will also be a €12 increase in weekly payments for pensioners. The Working Family […]
A new report by PitchBook, a Venture Capital (VC) and Private Equity investment platform, has named Enterprise Ireland as Europe’s most active domestic VC investor by deal count. The report, which covers the period 2018 to H1 2022, showed that Enterprise Ireland had completed 988 investments over that period, the most in any European country. The number […]
A holistic approach is needed when looking at the Report of the Commission on Taxation and Welfare Chambers Ireland calls for everyone to take a measured response to the Report of the Commission on Taxation and Welfare following the publication of “Foundations of the Future”. Speaking after the publication of the report, Chambers Ireland Chief […]
Minister for Social Protection Heather Humphreys has announced a series of landmark reforms to the State Pension system in Ireland. The measures, which were approved by Cabinet this morning, are in response to the recommendations from Pensions Commission. The set of reforms agreed include: Maintaining the State Pension age at 66 and introducing a new […]
Award-winning fintech myPOS is announcing that it has received an e-money licence and authorisation as an Electronic Money Institution (EMI) from the Central Bank of Ireland, the country’s financial services regulator. myPOS, which provides point-of-sale payment acquiring and payment solutions to more than 150,000 small and medium-sized merchants in more than 30
The emergence of cryptocurrencies as an investment class may present an opportunity despite the regulation associated with this relatively nascent asset class and related technologies. In particular, the emergence of cryptocurrencies presents valuable lessons for the EU for increasing participation in capital markets and would benefit from further studies to examine if
Soaring inflation have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months. Western economies are currently experiencing two major shocks that are pushing up the costs of […]
Zodia Custody (Ireland) Limited has been added to the Central Bank of Ireland’s Virtual Asset Service Provider Register, becoming the first dedicated cryptoasset custodian to be registered to provide commercial services to clients in Ireland. Zodia Custody, an institutional cryptoasset servicing company headquartered in London, established its Irish subsidiary in August
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 […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]