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Ireland is due to receive over €1 billion from the European Union’s Brexit fund, set up to help member states most affected by Britain’s departure from the bloc. The announcement was made by Minister for Foreign Affairs Simon Coveney. The funds are part of the so-called Brexit Adjustment Reserve, worth more than €5 billion, agreed in…

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Revenue has said that 76% of goods being imported through Dublin Port from the UK are now being given green clearance, which is up from 45% one week ago. Speaking at a multi-agency Brexit briefing at Dublin Port, Tom Talbot, Head of Customs Operations at the port, said the remaining 30% are being routed to orange…

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Some sectors of Ireland’s valuable food and drink industry were severely affected last year as a result the global Covid-19 pandemic. The extent of the decline is highlighted in the annual Bord Bia Performance & Prospects 2020/2021 Report, which will be published today by Minister for Agriculture Charlie McConalogue. Food and drink exports overall declined by just…

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New figures show that the average shopper spent €134 more on groceries in December last year than they did in December the previous year.   The latest figures from Kantar show that grocery sales in Ireland rose by 17% in the 12 weeks to December 27.  A record-breaking €1.2 billion was spent on groceries in…

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Four of the five main Irish retail banks have notified the competitor regulator of plans for an app based payment system that would enable consumers to move money between each other with ease. If developed, the system would allow bank customers to transfer funds in much the same way as users of fintech services like…

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Workers unable to go to work due to a lack of childcare triggered by Covid-19 closures may be eligible to claim the Pandemic Unemployment Payment, according to the Department of Social Protection. In a tweet, the Department said: “Workers affected by lack of childcare should engage with their employer with a view to exploring all…

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This week, as Brexit took effect, a company in Cork that sells sports posters to Europe and around the world ceased all direct online sales to the UK. “There’s no point having the hassle,” said Wayne Mullins, a graphic designer who runs Kobe Designs. “I’ll just not send to the UK. I’ll keep selling to the…

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New figures from Revolut shows that total consumer spending in December 2020 rose by 6% from December 2019, with many sectors seeing record levels of expenditure.  Digital banking app Revolut said its research showed that consumers returned to the shops in force for a Christmas shopping spree, with the December reopening of non-essential retailers seeing…

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Businesses, and especially SMEs, have been alerted of the need to actively claim the zero-tariff rate on UK origin goods.  The Minister of State for Business, Employment and Retail, Damien English, said that under the EU-UK Trade and Cooperation Agreement, tariff duties are eliminated for trade between the EU and the UK where the relevant…

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