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Credit: Doyler79 UNIFI-IX Switches International Internet Exchange on in Dublin Acacia Communications Establishes EMEA-APAC Headquarters in Limerick Resources to Support Teenage Entrepreneurs Launched
 
Credit: Doyler79

During Euro Crisis, Finance Costs Increased Disproportionately for Small Enterprises

UNIFI-IX Switches International Internet Exchange on in Dublin

UNIFI-IX Switches International Internet Exchange on in Dublin

Acacia Communications Establishes EMEA-APAC Headquarters in Limerick

Acacia Communications Establishes EMEA-APAC Headquarters in Limerick

Resources to Support Teenage Entrepreneurs Launched

Resources to Support Teenage Entrepreneurs Launched

Credit: Doyler79

During Euro Crisis, Finance Costs Increased Disproportionately for Small Enterprises

08 December 2016

A research technical paper published by the Central Bank of Ireland on Monday, shows that the cost of bank finance “increased disproportionately for smaller enterprises” during the euro crisis. The paper, written by Sarah Holton and Fergal McCann, showed that banks with a greater market share were more likely to pass on greater interest rate […]

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Posted in Economy, FinanceComments Off on During Euro Crisis, Finance Costs Increased Disproportionately for Small Enterprises

UNIFI-IX Switches International Internet Exchange on in Dublin

UNIFI-IX Switches International Internet Exchange on in Dublin

08 December 2016

Internet exchange operator UNIFI-IX switched on a new international internet exchange in Dublin on Thursday, making Dublin the fourth city to be connected to its 100 gigabit network. The opening of the internet exchange will see five jobs created in the first twelve months, as well as an investment of €600,000. This is expected to […]

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Posted in Company News, Company Profile, Electronics, Investment, Jobs, Project News, Services, TechnologyComments Off on UNIFI-IX Switches International Internet Exchange on in Dublin

Acacia Communications Establishes EMEA-APAC Headquarters in Limerick

Acacia Communications Establishes EMEA-APAC Headquarters in Limerick

07 December 2016

Acacia Communications, announced on Wednesday, November 7, that it has established headquarters in Limerick, Ireland, for its Europe, Middle East, Africa, Asia Pacific (EMEA-APAC) operations. The company anticipates that its EMEA-APAC headquarters will create thirty new jobs in Limerick. The project is supported by the Department of Jobs, Enterprise & Innovation through the Industrial Development […]

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Resources to Support Teenage Entrepreneurs Launched

Resources to Support Teenage Entrepreneurs Launched

07 December 2016

New resources, including a teachers’ manual, student workbook and helpful tips from successful entrepreneurs, were launched by Minister for Employment and Small Business, Pat Breen in County Wicklow on Wednesday November 7. The launch took place at Coláiste Chraobh Abhann in Kilcoole, the school of Luke Byrne, the 17-year-old inventor behind ‘Headphone Helpers.’ Byrne won […]

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Posted in Awards, Training & EducationComments Off on Resources to Support Teenage Entrepreneurs Launched

CSO Publishes Statistical Guide to Brexit

CSO Publishes Statistical Guide to Brexit

07 December 2016

The Central Statistic Office released “Brexit: Ireland and the UK in numbers”, on Wednesday, December 7. The publication provides the available figures covering the main areas of Ireland’s engagement with the UK. “Following the vote by the electorate in the United Kingdom to leave the European Union in June 2016, the CSO decided to compile […]

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HR and Payroll Company SD Worx Officially Launches in Limerick

HR and Payroll Company SD Worx Officially Launches in Limerick

06 December 2016

European HR & payroll service provider SD Worx officially launched in Ireland on Tuesday, December 6, following the company’s acquisition of Ceridian UK & Ceridian Ireland. SD Worx Ireland provides fully managed payroll outsourcing service to over 180 clients in the Irish market as well as HR software packages. Speaking at the launch, CEO of […]

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Posted in Company News, Jobs, ServicesComments Off on HR and Payroll Company SD Worx Officially Launches in Limerick

SEAI Announces €30 Million Community Energy Fund for 2017

SEAI Announces €30 Million Community Energy Fund for 2017

06 December 2016

The Sustainable Energy Authority of Ireland (SEAI) announced on Tuesday, November 6, that it will offer €30 million in grant supports for community energy projects next year.  This represents a 50% increase in funding from the 2016 grant levels – an additional €10 million. CEO of SEAI  Jim Gannon said: “For 2017 we are particularly […]

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Posted in Construction, Energy, Engineering, Environment, Technology, Training & EducationComments Off on SEAI Announces €30 Million Community Energy Fund for 2017

ESRI Publishes Medium-Term Outlook for the Irish Economy

ESRI Publishes Medium-Term Outlook for the Irish Economy

06 December 2016

The Economic and Social Research Unit (ESRI) published a medium-term outlook for the Irish economy on Monday, December 5. Called “Ireland’s Economic Outlook: Perspectives and Policy Challenges”, the research uses a new macroeconomic model, COSMO (COre Structural MOdel of the Irish Economy), developed by the ESRI to determine the potential path of the Irish economy […]

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Posted in Economy, Investment, Jobs, MarketsComments Off on ESRI Publishes Medium-Term Outlook for the Irish Economy

Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

05 December 2016

Retail property rents are expected to see increases of between 7 and 10 percent over the next 2 year,s according to a new report released by property consultants, Savills Ireland, on Friday December 2. “Rents in some prime shopping locations have already risen by more than a third over the last three years,“ Director of […]

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Posted in Company News, Construction, Markets, RetailComments Off on Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

Free Tool to Fight Food Fraud Released

Free Tool to Fight Food Fraud Released

05 December 2016

A free tool to help food companies to assess their food fraud vulnerabilities was released on Monday, December 12. The tool was developed by SSAFE in partnership with PwC, Wageningen University, Vrije Universiteit Amsterdam and food industry leaders around the world. “Recent food fraud incidents have increased the need to strengthen the food industry’s ability […]

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Ireland’s Prospects Bright, But Uncertain - ECB

Ireland’s Prospects Bright, But Uncertain – ECB

05 December 2016

The European Commission and ECB finished the sixth post-programme surveillance review for Ireland on Friday, December 2, in which they said that Ireland’s economic prospects remained bright, but warned that “some clouds are on the horizon”. The main objective of review was to assess the country’s capacity to repay loans granted under the former EU-IMF […]

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Posted in Economy, Finance, Investment, MarketsComments Off on Ireland’s Prospects Bright, But Uncertain – ECB

Fracking Ban Justified by EPA Report –  Minister for Environment

Fracking Ban Justified by EPA Report – Minister for Environment

02 December 2016

Minister for Communications, Climate Action and the Environment Denis Naughten said on  Wednesday, November 30, that an EPA-led research programme on the  on the Impacts of Hydraulic Fracturing on the Environment and Human Health justified the continued prohibition on hydraulic fracking. “I am on record as having raised concerns with regard to the use of […]

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Uncertain Economic Outlook Keeps Irish Consumers Cautious

Uncertain Economic Outlook Keeps Irish Consumers Cautious

02 December 2016

Irish consumers have remained cautious in the face of uncertain economic conditions, contrasting with changing attitudes in other areas, according to the November Consumer Sentiment Index, released by the ESRI on Thursday, December 1. The consumer sentiment index rose slightly to 97.8 in November, compared with 97.3 in October. However, it remains lower than the […]

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Central Bank Fines Springboard Mortgages €4,500,000

Central Bank Fines Springboard Mortgages €4,500,000

02 December 2016

The Central Bank of Ireland fined Springboard mortgages €4,500,000 for failing in its obligations to tracker mortgage customers, it was announced on Tuesday, November 29.  This follows an enforcement investigation which found significant breaches of the Consumer Protection Codes 2006 and 2012, which Springboard have admitted to. The Central Bank’s investigation found that the Firm […]

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Trade Mission to France Focuses on Cleantech, Brexit

Trade Mission to France Focuses on Cleantech, Brexit

01 December 2016

Minister for Foreign Affairs and Trade Charles Flanagan led an Enterprise Ireland Trade Mission to Lyon, on Wednesday, November 30, focusing on the high potential Cleantech sector. Today he will have a bilateral meeting with his French counterpart, Foreign Minister Jean Marc Ayrault. During the two day visit, Flanagan will brief key business contacts on […]

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Posted in Economy, Environment, TechnologyComments Off on Trade Mission to France Focuses on Cleantech, Brexit

West Pharmaceuticals Expansion to Create 100 Jobs

West Pharmaceuticals Expansion to Create 100 Jobs

01 December 2016

Medical manufacturer West Pharmaceutical Services, Inc. announced on Tuesday, November 29, the completion of a 60,000 square foot expansion at its contract manufacturing facility near Mulhuddart, County Dublin. The expansion was initiated in response to customer demand for medical device manufacturing, especially in the area of diabetes. West Pharmaceutical Services, Inc. manufactures packaging components and […]

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Posted in Biotechnology, Company News, Company Profile, Construction, Jobs, Manufacturing, Medical, Pharmaceutical, Project News, ServicesComments Off on West Pharmaceuticals Expansion to Create 100 Jobs

LinkedIn Announces 200 New Jobs in Dublin

LinkedIn Announces 200 New Jobs in Dublin

01 December 2016

Career and business social network LinkedIn announced on Tuesday, November 29, that the company will create an additional 200 jobs in Dublin. The announcement coincided with the visit of the company’s CEO, Jeff Weiner, to LinkedIn’s EMEA headquarters where he met with Taoiseach Enda Kenny. “At LinkedIn, we’re continuing to invest in the people and […]

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Voxpro Expansion to Create 400 New Jobs in Dublin

Voxpro Expansion to Create 400 New Jobs in Dublin

30 November 2016

Cork-based multilingual customer experience and technical support providers Voxpro, announced on Tuesday, November 30, that it intended to create 400 new jobs, alongside the launch of a new Dublin office located in the Silicon Docks. Voxpro currently operates centres in Cork, Dublin, California and Georgia, USA. The company delivers customer support to customers in over 32 […]

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Value of Irish Money Market Funds Decreased by €16 Billion in September

Value of Irish Money Market Funds Decreased by €16 Billion in September

30 November 2016

Net asset value of money market funds (MMFs) in Ireland decreased by €16 billion to €444 billion in September 2016, according to statistics on money market funds during the third quarter of 2016, released by the Central Bank on Tuesday, November 29. This decrease was largely driven by devaluations of the Sterling which makes up […]

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Posted in Economy, Equities, Finance, Investment, Markets, Markets & EquitiesComments Off on Value of Irish Money Market Funds Decreased by €16 Billion in September

Medicine Research Network Launched at UCC

Medicine Research Network Launched at UCC

30 November 2016

The UCC School of Pharmacy-led PEARRL (Pharmaceutical Education and Research with Regulatory Links) Network officially launched this week. The network, funded by Horizon 2020 and Marie Sklodowska-Curie innovation programme, aims to achieve earlier patient access to new medicines, has been launched. The PEARRL project brings together 18 leading European institutions, including Pharma industry, academia and […]

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Posted in Biotechnology, Chemical, Company News, Medical, Pharmaceutical, Project News, Sciences, TechnologyComments Off on Medicine Research Network Launched at UCC

2016 Set to be ‘Best Year Ever’ for Irish Tourism

2016 Set to be ‘Best Year Ever’ for Irish Tourism

30 November 2016

2016 is set to be the best year ever for Irish tourism, surpassing all previous records, according to Tourism Ireland who launched its marketing plan to promote Ireland as a tourist destination in 2017 on Sunday, November 27. Tourism Ireland said that, by the end of the year, 10.5 million people will have visited the […]

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Posted in Company News, Economy, Services, TransportComments Off on 2016 Set to be ‘Best Year Ever’ for Irish Tourism

Genetics Food Tracing Company Expands in Dublin

Genetics Food Tracing Company Expands in Dublin

29 November 2016

Genetics company IdentiGEN announced on Friday, November 25, that 20 graduate and post-graduate jobs will be created as the company expands its headquarters in Dublin.  IdentiGEN intends to hire data scientists and biotechnologists to work on DNA testing of meat and seafood products at the company’s headquarters in Dublin. IdentiGEN provides traceability of meat and […]

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Posted in Biotechnology, Chemical, Company News, Company Profile, Jobs, SciencesComments Off on Genetics Food Tracing Company Expands in Dublin

Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

29 November 2016

Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor attended a day-long meeting of EU Single Market Ministers in Brussels on Monday, November 28, to support the proposal for an EU Regulation to prevent geo-blocking, the practice whereby consumers are charged different prices on websites based on their nationality or the location from which they […]

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CSO Finds Average Weekly Earnings up in Third Quarter of 2016

CSO Finds Average Weekly Earnings up in Third Quarter of 2016

28 November 2016

Preliminary estimates released by the Central Statistics Office on Friday, November 25, show that average weekly earnings and average hourly total labour costs both rose by 0.2% in the third quarter of 2016 over the second quarter. Average hourly earnings increased by 0.3% during the same period. The figures also showed that average weekly earnings […]

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‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey

‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey

28 November 2016

A survey conducted by Equinix found that Irish companies that have utilised the “Internet of Things” (IoT) reported a boost in productivity of seven hours per week per employee. The report, released on Thursday, November 24, also found that 89% of financial services companies and 69% of government and public sector bodies do not deploy […]

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Posted in Biotechnology, Electronics, Investment, IT, Medical, TechnologyComments Off on ‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey

Valitacell win InterTradeIreland Seedcorn Competition

Valitacell win InterTradeIreland Seedcorn Competition

24 November 2016

Dublin biotech company, Valitacell, was crowned the overall winner of the 14th annual InterTradeIreland Seedcorn competition on Wednesday, 23 November. Valitacell won a cash prize of €100,000 at the grand final held at The Waterfront Hall in Belfast. Dundalk based Gecko Governance who won the Best Early Stage Company Category award and a cash prize […]

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Posted in Awards, Biotechnology, Company News, Medical, Pharmaceutical, Sciences, Services, TechnologyComments Off on Valitacell win InterTradeIreland Seedcorn Competition

Providence Resources Contract ‘Drill-Ship’ to Create Oil Well Off Irish Coast

Providence Resources Contract ‘Drill-Ship’ to Create Oil Well Off Irish Coast

24 November 2016

Providence Resources announced on Thursday, November 24, that a Stena IceMAX drill ship had been contracted to drill an exploration well at the Druid and Drombeg sites, about 220 kilometers off the southwest coast of Ireland. The Stena IceMAX is a modern, harsh-environment, dual-derrick drill-ship designed to operate in water depths of up to 3 […]

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Posted in Chemical, Company News, Energy, Engineering, Environment, Project News, Raw MaterialsComments Off on Providence Resources Contract ‘Drill-Ship’ to Create Oil Well Off Irish Coast

UDG Healthcare Announces 8% Increase in Operating Profit

UDG Healthcare Announces 8% Increase in Operating Profit

24 November 2016

Dublin-based Healthcare services provider UDG released preliminary results of their financial year on Thursday, November 24, which showed an 8% increase in operating profit for continuing operations over 2015. The results for the year ending on September 30 show increases in revenue, operating profit, profit before tax, earnings before interest, taxes, depreciation and amortization (EBITDA) […]

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Posted in Biotechnology, Company News, Company Profile, Haulage, Health & Safety, Materials Handling, Medical, Supply Chain, TransportComments Off on UDG Healthcare Announces 8% Increase in Operating Profit

Singlepoint Opens Office in Dublin, Creates 50 Jobs

Singlepoint Opens Office in Dublin, Creates 50 Jobs

23 November 2016

Irish technology consultants Singlepoint announced on Tuesday, November 23, the opening of new facilities at 31 Marlborough Street, Dublin 1 and the creation of 50 new jobs in Ireland. “Singlepoint has doubled in the last two years,”said Singlepoint Managing Director Rob Curley, “due to our continued growth we needed to expand our facility in Dublin […]

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AIB Loans More Than €300 Million to Irish Hotels in 2016

AIB Loans More Than €300 Million to Irish Hotels in 2016

23 November 2016

AIB announced on Tuesday, November 22, that it had approved over €300 million in loans to the hotel sector in 2016. AIB’s Head of Hospitality Owen Travers said that the funding would “contribute to over 1,000 new bedrooms on the island of Ireland over the course of the next 12 to 18 months.” A report […]

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EpiCor Therapeutics wins UCD Start-up of the Year Award

EpiCor Therapeutics wins UCD Start-up of the Year Award

23 November 2016

Biotech start-up EpiCor Therapeutics won the UCD Start-Up of the Year Award 2016 on Thursday, November 17. It received a €20,000 prize as part of the overall winner award of the UCD VentureLaunch Accelerator Programme. The start-up is aiming to develop a treatment for hypertrophic obstructive cardiomyopathy (HOCM), a significant cause of sudden cardiac death. […]

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Posted in Awards, Biotechnology, Company News, Company Profile, Medical, Pharmaceutical, TechnologyComments Off on EpiCor Therapeutics wins UCD Start-up of the Year Award

Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

23 November 2016

A report by PwC and the World Bank Group, released on Tuesday, November 22, says that Ireland is the most effective country in the EU for paying business taxes, and the fifth most effective in the world. The report, which covers 190 countries worldwide, found that Ireland’s tax system is the most efficient in the […]

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Medtronic Releases Second Quarter Financial Report

Medtronic Releases Second Quarter Financial Report

22 November 2016

Dublin-headquartered medical device company Medtronic reported the financial results of its second quarter on Tuesday, November 22. The company reported second quarter worldwide revenue of $7.345 billion, an increase of 4 percent, or 3 percent on a constant currency basis, however Medtronic CEO  Omar Ishrak said that second quarter revenue was “disappointing and did not […]

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Posted in Biotechnology, Company News, Company Profile, Economy, Equities, Finance, Investment, Manufacturing, Markets & Equities, Medical, Pharmaceutical, TechnologyComments Off on Medtronic Releases Second Quarter Financial Report

Google Adopt A Startup Programme Looks For Irish Entrepreneurs

Google Adopt A Startup Programme Looks For Irish Entrepreneurs

22 November 2016

Google began accepting applications from Irish entrepreneurs for its Adopt A Startup programme on Monday, November 21.  The Adopt A Startup programme sees small businesses paired up with Google support teams who will work with them from Google’s Irish headquarters to accelerate their growth. Each Startup will receive 12 weeks hands-on mentoring, access to exclusive […]

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India Trade Mission Sees Partnerships Signed

India Trade Mission Sees Partnerships Signed

22 November 2016

Enterprise Ireland’s Trade Mission to India, led by the Minister of State for Employment and Small Business Pat Breen, concluded on Sunday, 20th November 2016, having seen multiple partnerships signed between Irish and indian companies. Thirteen Irish companies traveled on the mission to the cities of Mumbai, Bengaluru and New Delhi. During the mission, Dublin […]

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Posted in Company News, Investment, IT, Jobs, Sciences, Services, Technology, Training & Education, TransportComments Off on India Trade Mission Sees Partnerships Signed

€15.5 Million Wind Farm Opened In Co. Antrim

€15.5 Million Wind Farm Opened In Co. Antrim

21 November 2016

Gaelectric officially opened its £13.4 million (€15.5 Million) wind farm on Thursday, November 17, at Cloonty in Co. Antrim. The 9.2MW wind farm is located on the Castlecat Road between Derrykeighan and Bushmills. Cloonty is renewable energy and energy storage group Gaelectric’s fouth operating wind farm in Northern Ireland. The Company has 184MW of operating […]

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Posted in Company News, Construction, Energy, Engineering, Environment, TechnologyComments Off on €15.5 Million Wind Farm Opened In Co. Antrim

Workplace Relations Commission and Labour Court Opened in Lansdowne House

Workplace Relations Commission and Labour Court Opened in Lansdowne House

21 November 2016

Minister of Jobs, Enterprise and Innovation Mary Mitchell-O’Connor officially opened the new offices of the WRC and Labour Court at Lansdowne House on Monday, November 21. For the first time, this new office will enable all of the dispute resolution bodies of the state to be located under one roof. The five bodies previously responsible […]

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Posted in JobsComments Off on Workplace Relations Commission and Labour Court Opened in Lansdowne House

Trade Mission to China and Japan Ends

Trade Mission to China and Japan Ends

21 November 2016

A five-day Ttade and investment mission to China and Japan involving 36 Irish companies concluded on Saturday, November 19.  The trip, organised by Enterprise Ireland and IDA Ireland included several meetings and networking events in the cities of Shenzhen, Beijing and Tokyo. The Department of Jobs,Enterprise and Innovation said that significant leads for several Irish […]

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Posted in Investment, Manufacturing, MarketsComments Off on Trade Mission to China and Japan Ends






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