Business News
Library of Knowledge No. 31 This grant is available to self-employed individuals who closed their COVID-19 Pandemic Unemployment Payment on or after 18th May 2020. This will provide business owners with a once-off grant of up to €1,000 to re-start their business which was closed due to the COVID-19 Pandemic. How to Qualify – the…
Senior venture capitalists have described as “worrying” the lack of money coming through for new Irish startups. While the overall amount raised on both parts of the island reached €545m for the first six months of 2020 – the highest for four years -the figures were skewed by a handful of giant deals, leaving early-stage […]
Euro zone government bond yields rose on Friday, after three consecutive days of selling-off, with the benchmark German 10-year Bund yield having briefly touched a six-week high in early London trading. Borrowing costs in Europe have tracked US Treasuries this week, which have been driven to new highs by a deluge of debt issuance in […]
The European Commission has proposed changes to the EU’s VAT rules, in preparation for the end of the transition period with the UK on 31 December 2020. The amendment to the VAT Directive introduces a special identification number for businesses in Northern Ireland, so that EU VAT provisions can be properly applied to goods, in […]
The UK economy suffered a bigger slump than any other major European economy in the second quarter, shrinking by a fifth and falling into its deepest recession on record. Official data released on Wednesday showed that gross domestic product (GDP) fell 20.4 per cent quarter on quarter, with widespread contractions across all sectors. The figures […]
Library of Knowledge No. 30 Restart Grant – Update An improvement announced in the July Stimulus Package was the enhancement and expansion of the Restart Grant (application via your local authority website). To further support enterprises as the economy reopens and resumes activity, further grant funding of €300m will be provided to businesses through an…
THE manufacturing sector clocked up its fastest pace of growth in almost two years in July, rebounding from the worst period of the lockdown. The pace of a recovery that was under way in June accelerated last month, according to AIB’s manufacturing Purchasing Managers’ Index (PMI). The index tracks growth and decline on index either […]
The coronavirus pandemic has plunged Europe’s leading economies into historic recessions, figures published on Friday showed. France and Spain both reported double-digit quarter-on-quarter falls in economic output in the three months to June. The figures came after both the US and Germany on Thursday reported a loss of about a tenth of their gross domestic […]
Library of Knowledge No. 29. As announced on 23rd July in the July Stimulus Package, the Temporary Wages Subsidy Scheme (TWSS) will be replaced by the Employment Wages Subsidy Scheme (EWSS) from 1st September 2020 and is expected to continue to 31st March 2020. Qualifying Criteria for Employers. To qualify for the scheme, you must…
One of the challenges we face in growing our economy is the limited size of our domestic market. Ireland’s entry into the then EEC in 1973, and subsequent adoption of the euro in 2002, opened the door to a large and developed marketplace. As the EU has progressed and expanded the four freedoms – goods, […]