Media Coverage – May 2024

Most restaurants say VAT hike biggest threat to sector as insolvencies rise

Two-thirds of Irish cafes and restaurants say the return of the VAT rate for the hospitality sector to 13.5 per cent last September is the greatest threat to their business, as insolvencies across the sector rise, according to a new survey. Over 90 per cent of 86 firms in the food-led hospitality sector surveyed last month by financial consultancy firm Interpath Advisory and the Restaurant Association of Ireland (RAI) say they expect their profits to fall over the next year.

SMEs in retail, hospitality sectors to receive grants of up to €5,000

Small and medium businesses in the retail and hospitality sectors are to receive grants of up to €5,000 under a new round of the Increased Cost of Business scheme worth €66 million.

Ireland’s best restaurants revealed at annual awards

Cork city and county were in the spotlight at the Irish Restaurant Awards 2024 on Monday evening when Aishling Moore, head chef at Goldie restaurant in Cork city, was crowned best chef and Dede at the Customs House in Baltimore was revealed as the restaurant of the year.