Hotels and guesthouses paid an estimated €203m in Vat last year on accommodation services even as they enjoyed a special 9pc rate that was introduced as a result of the Covid pandemic, according to figures released by Finance Minister Michael McGrath.
Spar and Eurospar plans to open 60 new outlets over the next three years and will invest €65m across its retail network in Ireland.
Businesses have been loading up on short-term debt as higher interest rates and the end of Government Covid supports narrow options for accessing working capital.
