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Ireland and the EU

Latest business news about Ireland and the European Union.

Brussels to appeal Apple tax state aid case in Ireland
The EU Commission decided Friday to appeal a European Court of Justice judgement which annulled a 2016 EC decision finding that Ireland granted illegal State aid to Apple through selective tax breaks.

European culture capitals offered extensions
Croatian city Rijeka and Galway in Ireland could extend their year as 2020 European Capitals of Culture until 30 April 2021, because of the effects of the coronavirus crisis, the Commission announced Tuesday.

EU Court annuls decision on Apple's tax payback
The EU's General Court annulled Wednesday a 2016 Commission decision to make Apple pay Ireland some EUR 13 billion in back taxes in compensation for what Brussels said had been illegal state aid.

Galway, Rijeka start as European Capitals of Culture
The city of Rijeka in current EU president Croatia and Galway in Ireland began their joint one year tenure of the title of European Capital of Culture on Wednesday 1 January 2020.

EU agrees aid package for Irish beef producers
EU Member States agreed Thursday to make EUR 50 million available to support Irish beef farmers, which can be matched by national funds to reach a maximum of EUR 100 million.

Investors looking to Ireland for EU Citizenship
Global investors who, prior to Brexit, may have focused their attention on the UK as a gateway to Europe, are now turning to Ireland for European residency.

Brussels withdraws Court action against Ireland over illegal aid to Apple
Following the confirmation by Ireland that the full recovery of the illegal State aid granted to Apple has been finalised, the EU Commission decided Thursday to withdraw its Court action against Ireland.

EUR 13 bn Ireland tax aid to Apple illegal, says EU
Ireland must recover undue tax benefits of up to EUR 13 bn granted to Apple, the EU Commission said Tuesday. This is illegal under EU state aid rules, as it allowed Apple to pay substantially less tax than other businesses.

Ireland: country overview
Since joining the European Union in 1973, Ireland (Éire) has transformed itself from a largely agricultural society into a modern, technologically advanced Celtic Tiger economy. The most important sectors of Ireland’s economy in 2015 were industry (39.1 %), wholesale and retail trade, transport, accommodation and food service activities (12.8 %) and public administration, defence, education, human health and social work activities (12.3%). Ireland’s main export partners are the US, the UK and Belgium, while its main import partners are the UK, the US and France.

Doing business in Ireland: Sustainability
The Department of the Environment, Heritage and Local Government in Ireland develops policy, regulates environmental quality and maintains information on the legal and procedural obligations relating to environmental control.

Doing business in Ireland: Environmental rules
Businesses in Ireland must comply with certain European and national laws to lessen their environmental footprint. The areas covered by these laws include waste management and chemicals.

Doing business in Ireland: Staff welfare
Irish employment law and practice is based on a number of sources including Irish and EU-based legislation, decisions of the courts and custom and practice in this area.

The Euro area sovereign debt crisis: Safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal (ECB Working Paper No. 1419)
Since the intensification of the crisis in September 2008, all euro area long-term government bond yields relative to the German Bund have been characterised by highly persistent processes with upward trends for countries with weaker fiscal fundamentals. Looking at the daily period 1 September 2008 - 4 August 2011, the paper finds that three factors can explain the recorded developments in sovereign spreads: (i) an aggregate regional risk factor, (ii) the country-specific credit risk and (iii) the spillover effect from Greece. Specifically, higher risk aversion has increased the demand for the Bund and this is behind the pricing of all euro area spreads, including those for Austria, Finland and the Netherlands. Country-specific credit ratings have played a key role in the developments of the spreads for Greece, Ireland, Portugal and Spain. Finally, the rating downgrade in Greece has contributed to developments in spreads of countries with weaker fiscal fundamentals: Ireland, Portugal, Italy, Spain, Belgium and France.

EU approves capital injection into Irish Educational Building Society
The European Commission has authorised under EU state aid rules an emergency recapitalisation worth €875 million in favour of the Irish Educational Building Society (EBS) for a period of six months as urgent rescue aid.

Commission action makes setting up business in Ireland easier
Following changes to Irish legislation that remove obstacles to setting up a business in Ireland, the European Commission has closed its infringement case.

Representation of the European Commission in Ireland
Contacts of the European Commission representation in Ireland.

Access to finance
There are various sources of funding, support and advice available in Ireland for business owners from a variety of Irish bodies.

Setting up a business in Ireland
An overview of the process of starting a new business in Ireland.

Ryanair: How a Small Irish Airline Conquered Europe
Sheila O'Flanagan, Irish Times: Pacy and engaging... takes an informed look at the phenomenon that is Ryanair... skilfully sketches set-piece confrontations and their backgrounds.

Ireland and the euro
Ireland joined the European Union in 1973 and was one of the first-wave EU countries to adopt the euro on 1 January 1999.

European Commission prohibition of Ryanair's proposed acquisition of Aer Lingus – frequently asked questions
The European Commission on 27 June 2007 prohibited, on the basis of the EU Merger Regulation, the proposed takeover by Ryanair of Aer Lingus. It says the acquisition would have combined the two leading airlines operating from Ireland which currently compete vigorously against each other. The Commission concluded that the merger would have harmed consumers by removing this competition and creating a monopoly or a dominant position on 35 routes operated by both parties. This would have reduced choice and, most likely, led to higher prices for more than 14 million EU passengers using these routes to and from Ireland each year. The Commission's investigation and market test of remedies offered by Ryanair demonstrated that these remedies were inadequate to remove the competition concerns. In particular the limited number of airport "slots" offered was not likely to lead to competition sufficient to replace the competitive pressure currently exercised by each airline on the other. The Commission therefore concluded that the concentration would significantly impede effective competition within the European Economic Area or a substantial part of it.

Find an office in Ireland
Instant Offices Ireland

Ireland country profile
Since joining the European Union in 1973, the Republic of Ireland (Éire) has transformed itself from a largely agricultural society into a modern, technologically advanced Celtic Tiger economy.

Finfacts Irish Finance
Finfacts is Ireland's leading business / finance / e-business information portal service providing both business managers and financial consumers with up-to-date information in a wide variety of areas from interest/deposit information to stock market performance and e-commerce.

Doing Business in Ireland (HLBI)
Guide on Ireland from HLB International, which has produced a series of international booklets on accounting, taxation and company law information.

Taxation and Investment in Ireland (Deloitte)
The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Ireland Highlights and Taxation and Investment Guide, the links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.