Author: splash

We like to save money in Ireland and much and all as we’ve generally disliked ‘lockdown’, and all that it has meant in terms of an erosion of our personal freedoms, it has enabled many people to put even more money aside. According to the Central Bank, deposits in banks and credit unions soared this year, […]

A new loan scheme to help small businesses to prepare for Brexit has been launched through Microfinance Ireland. Loans for between €5,000 and €25,000 will be available to companies whose turnover has dropped or is likely to drop by 15% or more because of the UK’s departure from the EU. Firms with a short term […]

Nearly 500 businesses and trade associations involved in the tourism, hospitality and events industries have signed an open letter to Taoiseach Micheál Martin calling for the sector to be allowed reopen or reopen to a greater extent than currently from December. The signatories say they recognise that although it will not be business as usual this […]

The Covid-19 pandemic has not led to an increase in company insolvencies, according to new research from the Central Bank.  A report published today by the Central Bank suggests this is down to Government supports, loan payment breaks and forbearance from creditors.  The report also finds there was a sharp reduction of 36% in the […]

A total of €8.24m in grants has been announced for 95 Enterprise Centres around the country under Enterprise Ireland’s Enterprise Centres Fund.  Enterprise Centres are embedded in communities in every county in the country and provide space and training for entrepreneurs. This allows them to work remotely, access training and advice and network with other […]

Businesses and other organisations here that use a UK based payment service provider to process direct debits are being urged to check they are ready for important changes that will apply after January 1.    According to the Banking and Payments Federation Ireland (BPFI), if they want to ensure smooth and uninterrupted continuation of the […]

Revenue has written to over 100,000 taxpayers confirming that their tax debts totaling €2.2 billion are eligible for Debt Warehousing. The Debt Warehousing Scheme allows VAT and PAYE (Employer) debts incurred by businesses during the period of restricted trading caused by Covid-19 to be ‘parked’ on an interest free basis for 12 months following the […]

The European Commission has said the outlook for the Irish economy is “highly uncertain” and that risks are “elevated”.  In a report published today, the Commission notes that Ireland’s public finances were in “a position of strength” at the start of this year.  However, the impact of the Covid-19 pandemic and the cost of the […]

A new survey shows that Ireland comes in fourth place in the league table of attractive European locations for foreign direct investment in 2021. The EY European Attractiveness Survey was conducted among across 47 countries in October. Survey respondents were asked to select the three European countries they believed will be the most attractive for […]

The number of people in employment during the third quarter of this year stood at 2,295,200, according to the latest Labour Force Survey published by the Central Statistics Office.  This gives an employment rate of 67.7% and represents an annual decrease of 31,700. When adjusted for Covid-19, the number in employment at the end of […]