Loss of Israeli investment warning ‘doesn’t hold water’

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Budget 2025,Dana Elrich,European Commissioner

The threat of Ireland losing investment due to its recognition of Palestine “doesn’t hold any water,” according to the Finance Minister.

It follows a warning by Israeli Ambassador Dana Elrich yesterday that people from Israel, who are employed or investing in the Irish tech sector, are now reconsidering their position.“As Minister for Finance, I have no indication and no evidence of any negative impact on Ireland in terms of investor sentiment or any negative investment impact on any individual sector,” he said.

“We have extensive engagement with the tech sector, very good relationships with these companies; they are here for many reasons, principally talent.Minister for Finance Michael McGrath and Minister for Public Expenditure National Development Plan Delivery and Reform Paschal Donohoe outside Leinster House ahead of Budget 2024's announcement.

“I do think the emphasis should be on permanent measures rather than temporary fixes," said Minister McGrath. “With inflation normalising again at around 2%, that means our approach to budgeting has to be normalised as well.”Minister McGrath batted away the suggestion he may not be Finance Minister when the budget comes around, amid speculation he could become Ireland’s next European Commissioner.

 

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