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The international financial services and insurance sectors are set to be among the industries least impacted by Covid-19, according to a report from the Department of Business, Enterprise and Innovation. The assessment does not include the domestic banks, which have all posted interim losses this year due to the global pandemic. Nonetheless, the sector is…

About one in ten property sales was renegotiated due to Covid-19 with an average price reduction of 3%, a survey of over 260 estate agents carried out by the Society of Chartered Surveyors of Ireland shows. About two thirds of practitioners said property values had remained unchanged compared to the situation before the pandemic and the…

There are many funding programmes for entrepreneurs opening throughout the year, and as the country re-opens there are more grants being offered to help support SMEs during the Covid period.  Below are a selection of some the current funds and supports open for applications.  Acorns: the accelerator focused on supporting early stage female entrepreneurs living in…

Up to €20,000 in emergency funding will be made available for small businesses affected by flooding caused by Storm Ellen in Cork this week. The funding will also be available to help community and sporting groups get back on their feet, as part of an extension to the Humanitarian Support Scheme. “It’s been a really…

Nearly 29,000 Irish nationals returned home to live and work in the year to the end of April, the highest number for 13 years. Figures published by the Central Statistics Office (CSO) show the overall population rose by 1.1 per cent, or 55,900 people, year-on-year to 4.98 million. An increase of 1.3 per cent, or 64,500 individuals…

Enterprise technology giant Oracle’s main Irish arm bounced back from a near €500 million loss last year as it acquired $11.4 billion in intellectual property rights from another group company by way of a promissory note. Oracle EMEA Limited, which employs more than 1,400 people in Ireland, recorded a €504 million pretax profits for the year ending…

Enterprise Ireland has re-opened a grant scheme that pays up to €40,000 to Irish-owned retail businesses to develop their online sales channels, especially for export markets. Yesterday the agency launched a €5.5m programme that is expected to attract bids from hundreds of firms. Grants can cover 80pc of an investment in improved online sales channels.…

The dramatic rise in the Government deficit this year does not make it more likely that Ireland will default on the national debt, according to analysts at Moody’s. The ratings agency has kept its stable A2 credit grade for Ireland, citing strong growth prospects once the Covid-19 threat is contained. “Our credit view of Ireland…

Offr, a property tech startup co-founded by former Savills and Allsop / BidX1 auctioneer Robert Hoban, has raised €3m in funding from Barclays Bank and a group of angel investors and venture capital firms. Offr is the first Irish company to receive a follow-on investment from Barclays through its London accelerator programme. The bank and…

While Covid-19 has had a devastating impact on the global economy with a long recovery to follow, certain sectors have benefitted from its effects. Not just retail giants such as Amazon but small and scrappy Irish start-ups have experienced growth and even secured funding in these tumultuous times. Lasting memories of lockdown will be grocery-related: queuing for…