Wellola, a leading digital health company, today announced the successful closure of a €2.2 million funding round led by Elkstone with additional funding from Enterprise Ireland and Bay Advisory. The investment brings Wellola’s total funding to date to €4 million and will accelerate market expansion to meet demand.
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
Infineon Technologies AG has announced plans to significantly expand its Research and Development presence in Ireland during the next four years with over 100 new jobs in the Cork and Dublin sites.
A new report, conducted by Wind Energy Ireland, found that wind farms played a pivotal role in Ireland’s energy landscape in 2023. The report reveals that wind farms not only supplied 35% of the country’s electricity but also set a new record for the amount of power they produced. According to Wind Energy Ireland’s annual […]
The Minister for the Environment, Climate and Communications, Eamon Ryan, and French Energy Minister, Agnès Pannier-Runacher, have marked the commencement of construction work on the Celtic Interconnector project. The acknowledgement of the project’s commencement took place at the EirGrid offices in Dublin, following a visit by Minister Pannier-Runacher to Ireland. The
Minister for Transport, Eamon Ryan TD, and Minister of State, Jack Chambers TD, have welcomed the overall allocation of €3.5 billion next year for the Department of Transport in Budget 2024. Budget 2024 will ensure that families and young adults will continue to benefit from cheaper public transport fares. The 50% discount for those with […]
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
Minister for the Environment, Climate and Communications, Eamon Ryan, signed two new Memorandums of Understanding (MoU) for energy cooperation between Ireland and the UK with Claire Coutinho, the UK Secretary of State for Energy Security and Net Zero, at the Department for Energy Security and Net Zero (DESNZ) which will increase cooperation for developing offshore […]
The Tánaiste, Minister for Foreign Affairs and Minister for Defence, Micheál Martin, and Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media, Catherine Martin, have launched a promotional and consular campaign to celebrate and deepen ties between Ireland and France to coincide with the Rugby World Cup. The campaign will include high-quality, digital and
The Irish M&A market slowed in the first half of the year, with a two per cent decline in volume but a significant 58 per cent decrease in total value, according to new analysis by William Fry. There were 177 transactions worth a combined €5.2 billion during the first half of 2023, with 97 per […]
Met Éireann, Ireland’s National Meteorological Service, has published a comprehensive summary of Ireland’s latest climate averages, for the period 1991-2020, showing Ireland has become warmer and wetter. These are the 30-year averages of observed variables such as rainfall and temperature. The key findings from Met Éireann’s analysis of the 1991-2020 climate
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,
The Competition and Consumer Protection Commission (CCPC) has carried out a high-level analysis of the grocery retail sector in Ireland using publicly available data. Observations in the analysis include the following: The grocery sector is a critical one for Irish consumers and recent price increases have caused real stress on many households. Concentration in the […]
Minister for the Environment, Climate and Communications, Eamon Ryan TD, and Minister of State for Communications and Circular Economy, Ossian Smyth TD, have both welcomed the commencement of the Communications Regulation and Digital Hub Development Agency (Amendment) Act 2023 to strengthen ComReg’s regulatory toolbox. The legislation provides greater protections and
Pretax profit in Ireland of electric car marker Tesla jumped by 75 per cent last year to €985,786. New accounts filed by Tesla Motors Ireland Ltd show that revenues at the business surged by 60 per cent from €43.49 million to a record €69.73 million. The directors said the company delivered more vehicles last year […]
Environmental, Social and Governance (ESG) matters alongside digitalisation are essential to continue attracting US investment in the regions of Ireland, according to Lorraine Sammon, Audit Partner, KPMG. The Irish-US relationship remains strong, which is more important today than ever. American Chamber of Commerce Ireland (AmCham) figures show that US multinationals
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 […]
As we enter a new financial year, the KPMG Sustainable Futures team has considered and articulated the top 10 themes which they expect will most impact the corporate ESG landscape across Ireland in 2023. While the overall theme for 2022 saw corporates moving from talk to action, they expect 2023 will be the year of […]
Research and innovation collaborations between Ireland and its closest EU neighbour France are set to get a big boost. University College Dublin (UCD), the French Embassy and Enterprise Ireland have signed a memorandum of understanding that will see the creation of an international technical expert role dedicated to strengthening these links. This role – one […]
The Sustainable Energy Authority of Ireland (SEAI) published its annual analysis Energy in Ireland, which shows that Ireland’s energy-related CO2 emissions increased by 5.4% in 2021. Emissions are returning to pre-Covid levels of 2019, and further increases are anticipated based on initial data for 2022. Two significant drivers of the increase included a rebound in […]