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Interest paid on Ireland's borrowings to rise - report

The amount the State pays in interest on the country's borrowings is going to rise in the coming years, a new report from the Department of Finance has warned.

Business • 05 Sep

Exports push GDP 18.5% higher in first half of 2025 - CSO

The domestic economy, excluding the impact of foreign companies, grew by a healthy 3.8% in the first six months of the year.

Business • 04 Sep

BRUSSELS, BELGIUM - JULY 7: President of the Eurogroup Paschal Donohoe attends the Eurozone Economy and Finance Ministers meeting in Brussels, Belgium on July 7, 2025. (Photo by Dursun Aydemir/Anadolu via Getty Images)

Paschal Donohoe re-elected as Eurogroup President

Minister for Finance Paschal Donohoe has been re-elected as Eurogroup President for a third term.

Business • 07 Jul

Central Bank chief warns Donohoe of VAT 'vulnerability'

Central Bank Governor Gabriel Makhlouf has warned Minister for Finance Paschal Donohoe about the vulnerability of VAT as a source of revenue, as the Government plans to cut the rate of the tax for the hospitality and retails sectors.

Business • 30 Jun

Paschal Donohoe, president of Eurogroup, during a news conference following a Eurogroup meeting in Brussels, Belgium, on Monday, May 12, 2025. With the euro charting a course for its best year in two decades and asset managers like Amundi SA flipping from

Donohoe faces competition in run for Eurogroup President

Minister for Finance Paschal Donohoe will face two other candidates as he seeks a new term leading the Eurogroup panel of eurozone finance ministers in a vote on July 7.

Business • 27 Jun

Donohoe clear front runner to remain Eurogroup president

The process to potentially reinstate Minister for Finance Paschal Donohoe for a third term as President of the Eurogroup will formally begin in Luxembourg this afternoon, as eurozone finance ministers take the first steps in assessing any candidates who come forward.

Europe • 19 Jun

The State sold a 2.06% stake in AIB at a price of €6.94 per share today

Pay cap removed at AIB and PTSB after AIB stake sale

Minister for Finance Paschal Donohoe has announced the removal of the pay cap on maximum pay for AIB and PTSB.

Business • 17 Jun

NAMA to return €300m more than expected to Exchequer

NAMA, the State body responsible for handling property loans from the financial crisis, plans to return more money to the taxpayer than previously expected.

Business • 11 Jun

Paschal Donohoe was given the award in recognition of his time as President of the Eurogroup

Donohoe awarded Chevalier rank in French Legion of Honour

Minister for Finance Paschal Donohoe has been awarded the rank of 'Chevalier' in the French National Legion of Honour.

Politics • 05 Jun

The AIB buyback went ahead earlier this month, bringing state ownership in the bank ever closer to an exit

Donohoe told he could stop AIB deal if share price rose

Department of Finance officials told Minister Paschal Donohoe he could pull the plug on a deal for AIB to buy back €1.2 billion in shares if there were any sudden changes in the stock price.

Business • 15 May

Finance Minister Paschal Donohoe is also the President of the Eurogroup

Donohoe to attend Eurogroup and ECOFIN meetings

The Minister for Finance and President of the Eurogroup Paschal Donohoe is in Brussels this week to chair the Eurogroup meeting today and attend the Economic and Financial Affairs Council (ECOFIN) meeting tomorrow.

Business • 12 May

The latest buyback between AIB and the Minister for Finance was approved by the bank's shareholders at its AGM last week

AIB proceeds with buyback to cut Government stake

AIB has agreed to proceed with a direct share buyback with the State as its share price rose back above the agreed buyback price, allowing it to cut the Government's stake in the bank to 3.3% from just under 12%.

Business • 08 May

Growth in the domestic economy would be down 1 percentage point and employment growth would be 0.5 of a percentage point lower, according to the Finance Department's new projections

US tariffs of 10% would hit GDP growth next year - dept

Continuing US tariffs of 10% would reduce Gross Domestic Product, a measure of economic growth which includes multinationals, by 1.5 percentage points next year, according to the Department of Finance.

Business • 06 May

Paschal Donohoe said trade uncertainty is having an effect on sentiment regarding investment and how economies will grow in the future

Trade uncertainty hitting growth already - Donohoe

The Minister for Finance Paschal Donohoe said today that trade uncertainty is having an effect already on economic growth and on sentiment regarding investment and how economies will grow in the future.

Business • 01 May

Paschal Donohoe will represent Ireland the euro area in his capacity as President of the Eurogroup

Donohoe to visit Washington for IMF, World Bank meetings

Minister for Finance Paschal Donohoe is to travel to Washington for the 2025 Spring Meetings of the International Monetary Fund and World Bank.

Politics • 23 Apr

Paschal Donohoe said that 'we remain united to a rules-based way of trading with each other'

US tariffs pause 'creates space for negotiations' - EU

European finance ministers have agreed on the "need for a unified stance" on US trade tariffs.

Business • 11 Apr

Paschal Donohoe said today that a 9% VAT rate would be very valuable to certain sectors of the economy and his intention was to deliver such a move

New VAT rate should concentrate on food, catering sectors

Finance Minister Paschal Donohoe has said that the promised VAT reduction for the hospitality sector should be "concentrated on the food and catering" sectors.

Business • 13 Feb

AIB chief executive Colin Hunt has welcomed the latest sale of AIB shares by the State

State cuts AIB stake and says it may exit bank this year

The State has cut its shareholding in AIB Group to 12.5% from 17.5% and may exit the bank completely this year, the Finance Minister Paschal Donohoe said today.

Business • 28 Jan

The UK Chancellor of the Exchequer, Rachel Reeves, is in Brussels today at the Eurogroup meeting

Reeves urges closer trade ties with EU in Brussels talks

Improving trade ties with the European Union could boost the economy and drive up living standards, UK Chancellor Rachel Reeves claimed, as she attended a meeting of EU finance ministers today.

Business • 09 Dec 24

Paschal Donohoe is in Brussels today for the November Eurogrooup meeting

Donohoe in Brussels for November Eurogroup meeting

Minister for Public Expenditure, National Development Plan Delivery and Reform and President of the Eurogroup Paschal Donohoe is in Brussels today, where he will chair the November Eurogroup meeting.

Business • 04 Nov 24

Ministers Jack Chambers and Paschal Donohoe are in the US this week

Donohoe and Chambers in Washington for IMF meetings

The President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe and Finance Minister Jack Chambers are in Washington today for the annual neetings of the International Monetary Fund and the World Bank Group.

Business • 23 Oct 24

Paschal Donohoe is the President of the Eurogroup

Donohoe to chair latest Eurogroup meeting in Luxembourg

Paschal Donohoe, the President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery and Reform, is in Luxembourg today to chair the October Eurogroup meeting.

Business • 07 Oct 24

Paschal Donohoe said the lower 9% VAT rate, reintroduced during the Covid-19 pandemic, was only ever meant to be temporary

Higher VAT rate for hospitality to remain - Minister

The Minister for Public Expenditure and Reform has said the higher VAT rate for hospitality will remain, despite claims by the Restaurants Association of Ireland that hundreds of businesses are closing as a result.

Business • 08 Aug 24

The Government has published its Stability Programme Update today

Domestic economic outlook for 2024 revised lower

The Government has revised down slightly its projections for growth in the domestic economy this year, but still expects a moderate level of expansion in 2024 and beyond.

Business • 23 Apr 24

Paschal Donohoe is in Brussels today to chair the first Eurogroup meeting of the year.

Donohoe and McGrath in Brussels for EuroGroup meeting

The Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe is in Brussels today to chair the first Eurogroup meeting of the year.

Business • 15 Jan 24