Ireland recorded 618 corporate insolvency appointments in the first nine months of 2025, a 5% decrease on the same period last year, according to new figures from Deloitte Ireland, BusinessPlus.ie reported. Quarterly activity remained steady, with 206 cases in Q1, 201 in Q2 and 211 in Q3. James Anderson, Turnaround & Restructuring Partner at Deloitte, said the overall decline masked a shift in underlying trends. “The decrease in insolvency activity levels in the first 9 months of 2025 compared to the same period in 2024 highlights interesting trends.
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The number of new Irish start-ups rose by 11% year-on-year in the third quarter of 2025, according to the latest figures from credit risk analyst CRIFVision-net, BusinessPlus.ie reported. The report shows that fresh firms are emerging across a broad range of sectors, with notable county-level gains. Westmeath and Kildare both recorded a 26% increase in new businesses, while Meath rose 19% and Wexford 11%. Larger urban areas also saw a strong rise, with Limerick up 19%, Cork 14% and Dublin 6%.
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Inflation in the Irish economy jumped back to almost 3 per cent in September, the Irish Times reported. The latest flash estimate for the harmonised index of consumer prices (HICP) put the annualised rate of price growth at 2.7 per cent, up from 1.9 per cent the previous month. Inflation as measured by the HICP dropped back to almost zero at the end of last year on the back of falling energy prices internationally.
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A judge has further extended protection under the Personal Insolvency Acts for a Co Galway man with debts of about €8.5 million, the Irish Times reported. A personal insolvency practitioner for Gerry Connolly of Kilternan, Kilcolgan, Co Galway, had previously obtained a 40-day extension of a protective certificate under the Acts. This was sought to allow more time to deal with Mr Connolly’s creditors and prepare a proposal for a personal insolvency arrangement. The bulk of Mr Connolly’s €8.5 million debt is to Ulster Bank Ireland DAC.
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Irish government spending is accelerating at an unsustainable rate, and overruns in day-to-day spending are likely to top €2.5 billion by year end, the budgetary watchdog has warned, the Irish Times reported. In a prebudget statement the Irish Fiscal Advisory Council (Ifac) said spending overruns were more broad-based this year than in the previous years, with expenditure across education, children and justice already up by 7.5 per cent against a targeted increase of 2.5 per cent.
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U.S. risk advisory business Kroll has acquired Kirby Healy, a Dublin-based corporate insolvency practice, for an undisclosed sum, the Irish Times reported. The New York-headquartered company, which provides a range of services from valuation, compliance and regulation, said the move would deepen “Kroll’s footprint in Ireland” and was part of a broader growth strategy in Ireland, aimed at meeting increased demand. The acquisition increases the company’s Irish team to more than 70 employees and the number of restructuring experts it has in Dublin to 26.
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President Trump’s planned 15 percent tariff on medicines from Europe has shined a spotlight on Ireland, which sends the United States tens of billions of dollars’ worth of cancer medications, weight-loss drug ingredients and other pharmaceutical products each year. No other country sends more, the New York Times reported. Manufacturing blockbuster medications there offers tax benefits for American drug companies. But the appeal of Ireland for the industry goes deeper: Drugmakers have long shifted their patents and profits there, as well, to avoid billions of dollars in taxes.
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Already struggling with “astronomical” input cost increases, independent brewers are set to face a further hike in their commercial water charges, the Irish Times reported. Despite the dramatic increases to their costs, independent brewers across Ireland are limited in their ability to pass them on to consumers, as they compete with far larger, commercial breweries. The confirmation of a 9.8 per cent hike in water charges has brewers concerned amid the closures of several well-known, award-winning breweries across the country.
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Ireland’s factory output fell sharply in June as exports to the U.S. halved, helping to push the economy into contraction after a first-quarter boom, the Wall Street Journal reported. The country’s Central Statistics Office on Friday said manufacturing output was 12.0% lower than in May, having risen sharply in that earlier month. Over the three months through June, output was 2.1% lower than in the first quarter. Ireland’s manufacturing output surged in the first three months of the year as exports of pharmaceuticals to the U.S. jumped. That jump was driven by U.S.
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Irish financier Paul Coulson has agreed to cede entire control of Ardagh Group, the glass bottles and drink cans giant he built up over the past 25 years, to a group of its bondholders in exchange for a share of a $300 million (€257 million) pay-off, the Irish Times reported. The company at the top of Ardagh Group corporate tree has an estimated $12.5 billion of debt, which became unsustainable after its earnings were hit since the Covid-19 pandemic by inflation, soaring interest rates, and soft consumer demand on both sides of the Atlantic.
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