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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…

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,…

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 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 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…

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…

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…

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…

The chief executive of employer’s group Ibec has told the Government that there is serious and urgent concern in the business community around the current phase of Covid related restrictions. Danny McCoy also called on the Government to allow the retail, hospitality and travel sectors to reopen as a priority ahead of Christmas, with a…

Revenue is advising businesses who have not fully prepared for Brexit to act now to avoid significant disruption in their international trade.  The advice comes following Revenue’s recent comprehensive trade engagement programme, which involved writing to over 90,000 businesses in September and making follow up telephone calls to approximately 14,000 of those who Revenue believe…