Industry & Business

Brexit

Irish and UK retailers highlight Brexit challenges

    Irish and UK retailers highlight Brexit challenges

Retail Ireland, the Ibec group that represents the sector, has joined forces with the British Retail Consortium and the Northern Ireland Retail Consortium to explore the implications for the sector arising from Brexit. They will meet in Dublin with a number of Government Departments, consumer advocates and individual retailers to seek solutions to mitigate the […]

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Brexit: Challenges with solutions

    Brexit: Challenges with solutions

Ibec has launched a comprehensive set of proposals to progress EU-UK negotiations and limit the negative impact of Brexit on business and the wider economy. In advance of the launch of “Brexit: Challenges with solutions” in Ibec Head Office, Ibec CEO Danny McCoy said the surprise UK election result offered a fresh opportunity for the […]

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CSO figures for overseas visitors in Q1 reflect challenge of Brexit

    CSO figures for overseas visitors in Q1 reflect challenge of Brexit

Commenting on recent CSO figures for the first quarter of 2017, Niall Gibbons, CEO of Tourism Ireland, said: “Despite strong growth in visitor numbers from North America (+13%) and from long-haul markets including Australia (+16%), a decline of -7% in British visitors has led to an overall drop of -1% in overseas visitors to Ireland […]

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Investment in small firms increasing despite Brexit concerns

    Investment in small firms increasing despite Brexit concerns

The Small Firms Association (SFA) today released new data on the finance and investment priorities of small firms. Launching the new data, SFA Chair, Sue O’Neill, stated: “It is very positive to see that 51% of SFA members are growing and 72% intend to invest in their business over the coming year. This is up […]

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Irish CEOs see disruption as opportunity for their business

    Irish CEOs see disruption as opportunity for their business

A new survey by KPMG has found that the majority of Irish CEOs (90%) see disruption as an opportunity, not a threat, to their business. While just four in 10 Irish CEOs are confident about growth in the global economy, 84% say they are confident about growth in the domestic economy and 93% are confident […]

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Irish business model leads to exceptional jobs growth in Q1

    Irish business model leads to exceptional jobs growth in Q1

Ibec, the group that represents Irish business, welcomed today’s exceptionally strong jobs numbers published by the CSO as a sign of the strength and substance behind our business model and that the economy was weathering Brexit uncertainty very well. Worries that weaker than expected income tax receipts signalled a slowdown in employment growth will be […]

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“Prepare for Brexit” roadshow launches in Waterford

    “Prepare for Brexit” roadshow launches in Waterford

As part of a nationwide Brexit roadshow, Enterprise Ireland hosted a ‘Prepare for Brexit’ forum at Studio 1 of the WIT Arena in Waterford. Part of Enterprise Ireland’s #PrepareforBrexit campaign, the Waterford event features speakers from SMEs, large companies and innovative start-ups, including Joe Connolly, CEO, Connolly Red Mills, Robert Byrne, Sales Director, Burnside Eurocyl […]

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Enterprise Ireland client company exports increase by 6%

    Enterprise Ireland client company exports increase by 6%

Enterprise Ireland has announced that its clients recorded export sales of €21.6 billion in 2016, representing a 6% increase on 2015. Export growth to the UK, however, which accounted for €7.5 billion of exports, slowed from 12% in 2015 to 2% in 2016. The slowdown was largely due to a decline in food exports.
Speaking at […]

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InterTradeIreland launches Brexit Advisory Service

    InterTradeIreland launches Brexit Advisory Service

A dedicated InterTradeIreland advice service aimed at helping SMEs navigate the challenges of Brexit has been launched. Businesses will be able to access a raft of supports from the Brexit Advisory Service including Brexit Readiness Vouchers which they can use to fund bespoke advice up to the value of €1000; free Brexit briefing events; information […]

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Brexit to intensify competition for investment

    Brexit to intensify competition for investment

Following a meeting with EU chief Brexit negotiator Michel Barnier in Dublin, Ibec CEO Danny McCoy welcomed the awareness of Ireland’s unique Brexit exposure and said Irish concerns now need to be directly and explicitly addressed in negotiations and in the terms of a future EU-UK trade deal.
“Brexit is not only likely to disrupt trade […]

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Final call for entries to €280,000 Seedcorn investor readiness competition

    Final call for entries to €280,000 Seedcorn investor readiness competition

InterTradeIreland is calling all start-ups and early stage companies across the island to enter the Seedcorn Investor Readiness Competition before the deadline on 26 May 2017. In addition to being in with the chance to win a share of the €280,000 total cash prize fund with no equity stake taken, shortlisted firms will also benefit […]

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Minister Mitchell O’Connor publishes survey on Irish SMEs views on Brexit

    Minister Mitchell O’Connor publishes survey on Irish SMEs views on Brexit

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor has published the findings of a survey of 1,045 SME business owners which was conducted in January by Behaviour & Attitudes and has set out a number of actions being developed to support SMEs in responding to the challenges of Brexit.
Minister Mitchell O’Connor said: “While […]

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Bring capital beyond the capital – Financial Services Ireland

    Bring capital beyond the capital – Financial Services Ireland

A recently-held conference in Limerick for local business leaders, hosted by Financial Services Ireland (FSI), explored how the Mid-West can become a finance hub, if the objectives of the Government’s International Financial Services (IFS2020) strategy are realised and if regions get their fair share of economic growth post-Brexit.
Speakers at the conference, Making the Mid-West a […]

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Quick EU-UK exit deal vital so trade talks can begin

    Quick EU-UK exit deal vital so trade talks can begin

Ibec has said new EU Brexit negotiating guidelines reinforce the need for an early agreement on UK exit terms to allow substantial trade talks begin. Ibec welcomed the significant achievement in the explicit recognition of the unique risks that Brexit poses to Ireland. For business, however, massive uncertainty remains. The government must work closely with […]

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Calls made for free trade agreement between EU27 and UK post Brexit

    Calls made for free trade agreement between EU27 and UK post Brexit

FoodDrinkEurope, the EU organisation of the food and drink industry, met in Dublin recently to call for a comprehensive free trade agreement between the EU27 and the UK post Brexit. The group met with An Taoiseach Enda Kenny, Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor and Minister for Agriculture, Food and Marine, Michael […]

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Cork businesses report strong start to 2017 despite Brexit uncertainty

    Cork businesses report strong start to 2017 despite Brexit uncertainty

Cork Chamber’s first quarterly economic trends survey of 2017 reviewed activity over the closing months of January, February and March. The survey, which was conducted by Cork Chamber during April 2017, highlights the confidence and practicality underpinning the Cork business community.
Cork Chamber CEO, Mr. Conor Healy, in commenting on the survey findings, stated: “It is […]

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ISME report shows uncertainty around Brexit

    ISME report shows uncertainty around Brexit

The results of the ISME Quarterly Business Trends Survey for the first quarter of 2017 show a decline in the exports sector and an overall decline in profitability expectations for the SME sector. However, there are improvements in the overall confidence indicator index with positives in five of 12 areas. The Trends report also looks […]

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Government action needed on EU tendering opportunities – ISME

    Government action needed on EU tendering opportunities – ISME

Last month, ISME, the Irish Small and Medium Enterprises Association identified that billions of euro in tendering opportunities would open in the years ahead for Irish business as a result of Brexit. As a consequence of Brexit, British companies are being frozen out of the EU tendering process because they will not be EU members […]

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Minister Breen leads 25 companies on trade visit to Antwerp

    Minister Breen leads 25 companies on trade visit to Antwerp

Pat Breen, Minister for Employment and Small Business is leading an Enterprise Ireland trade visit to Antwerp in Belgium. The aim of the trade visit is to promote Ireland’s extensive experience and capability within the high-tech construction and engineering sectors. The programme provides four key networking opportunities for the 25 participating Irish companies to make […]

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Calls for Dublin to Belfast one-hour rail link

    Calls for Dublin to Belfast one-hour rail link

Foreign Affairs Minister Charlie Flanagan intends to seek money for a ‘rapid rail link’ between Dublin and Belfast as part of the Brexit negotiations. He added that a special fund may also be needed to help improve our ports as the country looks to diversify trading partners. “I’d like to be able to see rail […]

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