Industry & Business

Brexit

Irish SMEs Struggling More With Rising Costs Than International Competitors

    Irish SMEs Struggling More With Rising Costs Than International Competitors

Small businesses around the world have described rising costs as their greatest challenge, and the problem is particularly acute in Ireland, where 49% of SMEs cited it as the major

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Economic Growth Set to Continue in 2020 But Significant Risks on the Horizon

    Economic Growth Set to Continue in 2020 But Significant Risks on the Horizon

The Irish economy looks set to perform robustly in 2019 with the headline GDP rate forecast to increase by 4.9 per cent, according to the Quarterly Economic Commentary for Autumn 2019

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Over 222,000 Companies Urged to Prepare For Brexit

    Over 222,000 Companies Urged to Prepare For Brexit

The Government has started the process of directly contacting over 220,000 companies through the Companies Registration Office highlighting the need to take urgent action now to protect their businesses against

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GDP Growth Revised Downwards Based on Gloomier Global Outlook But Labour Market Continues to Beat the Odds

    GDP Growth Revised Downwards Based on Gloomier Global Outlook But Labour Market Continues to Beat the Odds

EY has revised downwards its economic forecast for 2020, from 3.3% to 3.0% on the back of weaker global outlook and following remarkable GDP growth of 8.2% in 2018. Growth

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ACCA and Bank of Ireland Issue Warning Amid Foreign Currency Fluctuations

    ACCA and Bank of Ireland Issue Warning Amid Foreign Currency Fluctuations

Many Irish companies that deal in foreign currency are exposing their businesses to significant and unnecessary profitability risks due to a lack of consideration of appropriate hedging within their organisations.

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New Government Initiative to Help Customs Capacity Post-Brexit

    New Government Initiative to Help Customs Capacity Post-Brexit

The Irish Government, in association with key industry partners, has launched a new support measure to help customs agents, intermediaries and affected Irish businesses develop the capacity to deal with

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Enterprise Ireland Urges Businesses to Prepare For Brexit With its Currency Calculator Amid a Sharp Dip in Sterling

    Enterprise Ireland Urges Businesses to Prepare For Brexit With its Currency Calculator Amid a Sharp Dip in Sterling

As part of its Brexit response, Enterprise Ireland is continuing to proactively engage with client companies nationwide to confront the broad implications of Brexit, across a number of areas including

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Brexit Preparedness at Food and Drink Firms Jumps to 93%

    Brexit Preparedness at Food and Drink Firms Jumps to 93%

Three years since the UK voted to exit the European Union, Brexit preparedness is widespread amongst Ireland’s food and drinks companies at 93% (74% in 2018). However, firms are increasingly

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Economic Growth Set to Continue in 2020 But at a Reduced Rate

    Economic Growth Set to Continue in 2020 But at a Reduced Rate

Despite operating in the presence of a considerable degree of uncertainty, the Irish economy continues to grow at a robust rate. The domestic economy is now expected to grow by

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Derry is the Most Exposed Region in Ireland Post-Brexit

    Derry is the Most Exposed Region in Ireland Post-Brexit

The newly appointed Chair of the Association of Chartered Certified Accountants (ACCA) in Ireland has said that Derry is hugely dependent on a dynamic cross border economy and with its

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The Impact of Various Brexit Scenarios on the Irish Economy

    The Impact of Various Brexit Scenarios on the Irish Economy

A new study from the ESRI and the Department of Finance finds that GDP in Ireland ten years after Brexit will be around 2.6% lower in a Deal scenario, 4.8%

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OPW Prepared For No Deal Brexit

    OPW Prepared For No Deal Brexit

“If there is a ‘crash-out’, we will be ready. We are working 24/7,” said Maurice Buckley (pictured), Chairman of the Office of Public Works (OPW) and Vice President of Engineers

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Irish Builders Face Cost Hikes in UK Materials

    Irish Builders Face Cost Hikes in UK Materials

The vast majority of building materials used in the Irish construction sector are either sourced in the UK or enter Ireland through international distributors in Britain and represent a major

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52% of SMEs in ROI and 56% in NI Have Yet to Begin Brexit Planning

    52% of SMEs in ROI and 56% in NI Have Yet to Begin Brexit Planning

The AIB Brexit Sentiment Index for Q4 2018 reveals that 35% of SMEs in the Republic of Ireland (ROI) and 40% in Northern Ireland (NI) that had planned to expand

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Manufacturing Sector Represents Almost a Third of the Irish Economy

    Manufacturing Sector Represents Almost a Third of the Irish Economy

The Irish manufacturing sector employs over 250,000 people and accounts for 32% of Ireland’s GDP – significantly higher than the European average of 15% and Germany at 21%, according to

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Survey Finds 68% of Irish CEOs Have Started to Mitigate Against Potential Impact of Brexit

    Survey Finds 68% of Irish CEOs Have Started to Mitigate Against Potential Impact of Brexit

Almost seven in ten (68%) Irish CEOs have said they have acted to mitigate against the potential impact of Brexit, according to a survey of Irish business leaders by Deloitte

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Vox Financial Identifies New Opportunities in Response to Brexit

    Vox Financial Identifies New Opportunities in Response to Brexit

FinTech consultancy Vox Financial Partners has developed new software that will improve efficiencies in the global financial services industry post Brexit. The Belfast-based banking technology and consultancy firm plans to

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Research and Innovation Critical to Business Success Post Brexit

    Research and Innovation Critical to Business Success Post Brexit

The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both the business sector and the State is critical in order

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Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

    Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The survey of more than 500 tourism businesses around the country

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Increase in Numbers of Businesses Preparing For Brexit

    Increase in Numbers of Businesses Preparing For Brexit

The Government has welcomed survey findings that show 44% of businesses that are strongly impacted by Brexit have a plan in place, and urged those without a plan to urgently

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Economic Growth Revised Upward in 2018 and 2019

    Economic Growth Revised Upward in 2018 and 2019

Strong growth is likely to persist in the Irish economy through 2018 and 2019. This is indicated by rising private consumption, increases in taxation receipts and continued declines in unemployment

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Government’s Three Pronged Approach to Food & Drink Industry Ahead of Brexit

    Government’s Three Pronged Approach to Food & Drink Industry Ahead of Brexit

Minister of State for Food, Forestry and Horticulture Andrew Doyle TD (pictured) has identified three key areas the Government is negotiating on as Brexit looms. Speaking at the recent Food

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Customs and Logistics the Top Concern For Irish companies as Enterprise Ireland Launches its Next Wave of Brexit Advisory Clinics

    Customs and Logistics the Top Concern For Irish companies as Enterprise Ireland Launches its Next Wave of Brexit Advisory Clinics

Customs and Logistics is the single biggest Brexit challenge facing Irish business according to an Enterprise Ireland survey which took place at its Dublin Brexit Advisory Clinic in June. Almost

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National Food & Drink Business Conference and Exhibition 2018 – Citywest Convention Centre, Dublin – Wednesday, September 5th

    National Food & Drink Business Conference and Exhibition 2018 – Citywest Convention Centre, Dublin – Wednesday, September 5th

The National Food & Drink Business Conference and Exhibition 2018, Ireland’s premier trade event for the food and drink processing,

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British Irish Chamber of Commerce Calls For EU-wide Brexit Mitigation Fund

    British Irish Chamber of Commerce Calls For EU-wide Brexit Mitigation Fund

The British Irish Chamber of Commerce has called for the establishment of an EU-wide Brexit Mitigation Fund for industries and

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Progress at Last! – British Irish Chamber Welcomes UK White Paper on Brexit

    Progress at Last! – British Irish Chamber Welcomes UK White Paper on Brexit

The British Irish Chamber of Commerce has welcomed the publication of the white paper on Brexit by the UK Government

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Bord Bia’s 2018 Brexit Barometer Results

    Bord Bia’s 2018 Brexit Barometer Results

The Minister for Agriculture, Food and the Marine Michael Creed TD has launched the Bord Bia 2018 Brexit Barometer, a comprehensive survey

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65% of Irish Businesses Have Not Reviewed Their Supply Chains to Gauge Brexit Impact

    65% of Irish Businesses Have Not Reviewed Their Supply Chains to Gauge Brexit Impact

65% of Irish businesses have not reviewed their supply chain to identify current business relationships that might be negatively impacted

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Government Opens €300 Million Brexit Loan Scheme For Applications

    Government Opens €300 Million Brexit Loan Scheme For Applications

Minister for Business, Enterprise and Innovation, Heather Humphreys TD, Minister for Agriculture, Food and the Marine Michael Creed TD, and

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Entrepreneurs See Opportunities Amongst the Risks One Year Out From Brexit

    Entrepreneurs See Opportunities Amongst the Risks One Year Out From Brexit

With one year to go until Brexit, 62% of Irish entrepreneurs see business opportunities among the risks, according to research

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Copenhagen Economics Study on Impacts of Brexit on Trade and the Economy

    Copenhagen Economics Study on Impacts of Brexit on Trade and the Economy

The Government has published an independent study by Copenhagen Economics examining the impact of Brexit on Ireland’s trade and economy. The

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Brexit Deal Vital to Protecting All-island Supply Chains

    Brexit Deal Vital to Protecting All-island Supply Chains

Food Drink Ireland (FDI), the Ibec group that represents the food industry, has said the full implementation of the December

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Manufacturing Sector is Key to Ireland’s Economic Success But Brixit and Digitisation Challenges Loom Large

    Manufacturing Sector is Key to Ireland’s Economic Success But Brixit and Digitisation Challenges Loom Large

The Irish manufacturing sector, which contributes 25% of GDP and employs over 44,000 people both directly and indirectly, is key

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National Manufacturing and Supply Chain Conference & Exhibition 2018

    National Manufacturing and Supply Chain Conference & Exhibition 2018

Attracting more than 2,500 visitors, from across the country, and featuring 235 speakers and 350 exhibitors, the 2018 National Manufacturing

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Irish Businesses Should Prepare For a ‘Hard’ Brexit

    Irish Businesses Should Prepare For a ‘Hard’ Brexit

“Businesses across Ireland must prepare themselves for a ‘hard’ Brexit. You must establish your exposure now,” cautioned Lucinda Creighton (pictured),

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National Manufacturing and Supply Chain Conference – Citywest Convention Centre, Dublin – Wednesday, 31st January, 2018

    National Manufacturing and Supply Chain Conference – Citywest Convention Centre, Dublin – Wednesday, 31st January, 2018

Take placing on the 31st January in the Citywest Convention Centre, Dublin, the 2018 National Manufacturing and Supply Chain Conference

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Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

    Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

The Department for Business, Enterprise and Innovation’s second survey of SMEs about the impacts of Brexit on their businesses found

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Ireland’s Supply Chain Security Post Brexit to Lead Agenda at National Manufacturing and Supply Chain Conference

    Ireland’s Supply Chain Security Post Brexit to Lead Agenda at National Manufacturing and Supply Chain Conference

The impact of Brexit on Ireland’s supply chain and potential border issues will be a prominent topic at this years

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Irish exporters feeling pressure of long term Brexit uncertainty

    Irish exporters feeling pressure of long term Brexit uncertainty

The Irish Exporters Association (IEA), the voice of Irish exporters, has released results of its most recent survey, the ‘IEA

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Ibec sets out business priorities for the North West

    Ibec sets out business priorities for the North West

Ibec has met with political representatives in the North West to set out the key investment and planning priorities for

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Enterprise Ireland Technology Gateways Innovation in Construction Conference

    Enterprise Ireland Technology Gateways Innovation in Construction Conference

60 companies from across the construction sector attended the Enterprise Ireland Technology Gateways Innovation in Construction conference in Dublin this week. The

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Enterprise Ireland companies to enter Eurozone market in next 12 months

    Enterprise Ireland companies to enter Eurozone market in next 12 months

A survey of Enterprise Ireland client companies attending International Markets Week shows that the Eurozone is the key region where

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Direct Hong Kong flights will help Ireland land business

    Direct Hong Kong flights will help Ireland land business

The addition of direct flights between Dublin and Hong Kong opens up a whole world of new opportunities for Irish

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Budget must help food & drink sector maintain competitiveness

    Budget must help food & drink sector maintain competitiveness

Food Drink Ireland (FDI), the Ibec group that represents the food sector, has launched its Budget 2018 submission which calls

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Construction of North-South Interconnector is vital – Ibec

    Construction of North-South Interconnector is vital – Ibec

Ibec has welcomed a High Court ruling in favour of An Bord Pleanála which should pave the way for the

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TD Securities announces expansion of Dublin operations

    TD Securities announces expansion of Dublin operations

Following a meeting between Taoiseach Leo Varadkar and senior bank executives in Toronto this week, TD Securities confirmed that it

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Soft border dependent on EU/UK customs arrangement

    Soft border dependent on EU/UK customs arrangement

Responding to the British Government’s policy papers on future customs arrangements and the future of the Irish Border, ISME, the Irish

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UK Brexit paper welcome, but major challenges remain – Ibec

    UK Brexit paper welcome, but major challenges remain – Ibec

Ibec has welcomed the aim of the UK government to avoid customs checks on the island of Ireland and develop

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Tourism Minister briefed on Brexit in London

    Tourism Minister briefed on Brexit in London

In a recent visit to London, Minister of State for Tourism and Sport, Brendan Griffin met with the Tourism Ireland

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Ibec forecasts strong economic growth & employment increases

    Ibec forecasts strong economic growth & employment increases

Ibec has published its latest Quarterly Economic Outlook, which forecasts growth of 4.2% for 2017 and 3.2% in 2018. A

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Mid-year review of overseas tourism 2017

    Mid-year review of overseas tourism 2017

Official CSO figures for the first half of 2017 confirm growth of +4.2% in overseas visitors to Ireland, 182,000 arrivals

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Companies not taking advantage of stable environment to plan for Brexit

    Companies not taking advantage of stable environment to plan for Brexit

The latest quarterly (April – June 2017) InterTradeIreland Business Monitor Report, shows that, despite the UK voting to leave the

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Over 4.2% growth in overseas visitors for January-June 2017

    Over 4.2% growth in overseas visitors for January-June 2017

Commenting on figures published by the CSO for overseas visitors to Ireland for January to June, Niall Gibbons, CEO of

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Resources for Budget 2018 €400 million more than estimated

    Resources for Budget 2018 €400 million more than estimated

Ibec has called on the Government to show further ambition in meeting Ireland’s critical infrastructure and demographic needs. Launching the

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Bank of America to locate EU legal entities to Dublin

    Bank of America to locate EU legal entities to Dublin

IDA Ireland has welcomed Bank of America confirmation that it has chosen Dublin as the preferred location for its principal

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‘Ireland’s stability seen as a strength in an uncertain world’

    ‘Ireland’s stability seen as a strength in an uncertain world’

Address by Martin D. Shanahan CEO, IDA Ireland at the MacGill Summer School Uncertainty is the “mot du jour” or

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Barclays to continue passported activity post-Brexit

    Barclays to continue passported activity post-Brexit

Barclays has announced that it plans to use its licensed EU subsidiary to allow it to continue passported activity post-Brexit.

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Underlying growth in Irish economy remains robust

    Underlying growth in Irish economy remains robust

Ibec, the group that represents Irish business, welcomed the publication of new national accounts published today by the CSO which

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