Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Ireland set to receive 1 billion euros from EU Brexit fund - minister

Published 12/01/2021, 22:37
Updated 12/01/2021, 22:40
© Reuters. Irish Foreign Minister Simon Coveney, speaks to the media, in Brussels

DUBLIN (Reuters) - Ireland is set to receive 1.05 billion euros ($1.28 billion) this year from a European Union fund for the countries worst affected by Britain's exit from the European Union, Irish Foreign Minister Simon Coveney said on Tuesday.

The first 4.2 billion of the 5.4 billion euro fund is due to be distributed this year and Ireland will receive 25%, subject to approval by EU heads of state and the European Parliament, Coveney said in a Twitter post.

"Ireland’s initial proposed share in 2021 is 1.05bn euros, 25% of the fund," Coveney said. "I hope the European Parliament & Council approve as we work through Brexit."

Irish state broadcaster RTE reported that the government would apply to use the fund to support its agriculture, food and fisheries sectors.

($1 = 0.8195 euros)

Latest comments

and how much they pay in the EU suitcase
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.