Minister for Justice Michael McDowell is to set a price of €5,000 as a once-off payment for his proposed new continental-style cafe bar licences.
The radical reform of the drinks trade is expected to open up the bar and restaurant market to new investors with limited resources. A standard bar licence currently costs €170,000.
“By setting the price so low, it is anticipated that a diverse range of people can enter the market, such as...
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