Industry & Business

Economy

Review of Energy Supplier Costs

    Review of Energy Supplier Costs

The Commission for Regulation of Utilities (CRU) has published its analysis on supplier costs in the electricity and gas retail markets in Ireland. This follows the review of how the energy retail market competition has evolved following full price deregulation of electricity and gas retail tariffs that was published in February 2017.
CRU reviews the retail […]

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Irish Women More Likely to Have a Third-level Qualification Than Men

    Irish Women More Likely to Have a Third-level Qualification Than Men

The Central Statistics Office has published ‘Women and Men in Ireland 2016′ which presents over 70 indicators that identify important gender differences in the activities of men and women and also presents the situation in Ireland in an international context.
Statistician Helen Cahill comments: “More girls than boys sat higher level papers in the Leaving Certificate […]

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The Future is FeMale

    The Future is FeMale

An international study of global attitudes towards gender biases and roles has revealed that almost half of both men and women believe the world would be a better place if more women held positions of power. However, the study, carried out by Havas Creative in partnership with Market Probe International, revealed that globally, only 24% […]

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New Directors Steer MaREI’s Vision For Ireland as Energy Leader

    New Directors Steer MaREI’s Vision For Ireland as Energy Leader

MaREI, Ireland’s national centre for marine and renewable energy research and development, has appointed UCC professors Brian Ó Gallachóir and Jerry Murphy as its new co-directors, after the Citizens’ Assembly recently turned its attention to tackling climate change.
The Assembly’s efforts align with MaREI’s vision to make Ireland a global leader in marine and renewable energy […]

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Ireland Signs Earth Observation Agreement With the European Space Agency

    Ireland Signs Earth Observation Agreement With the European Space Agency

Enterprise Ireland has signed a Technical Collaborative Arrangement with the European Space Agency. This Arrangement will provide the State with unprecedented access to the Copernicus Programme’s near-real time earth observation information. The data will be stored locally for research, commercial development and policy informing purposes. Enterprise Ireland co-ordinates Ireland’s industrial and research participation in ESA […]

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Launch of €6.7 Million Climate Change Research Initiative Led by University College Dublin

    Launch of €6.7 Million Climate Change Research Initiative Led by University College Dublin

The Government has officially launched the 5-year Acclimatize project (www.acclimatize.eu/), a new €6.7 million climate change research initiative, with Professor Andrew J. Deeks, President, University College Dublin (UCD). The project has been part-funded by the European Regional Development Fund through the Ireland Wales Programme 2014-2020.
The overall objective of the project, led by UCD in partnership with […]

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Guaranteed Irish Welcomes Support For Housing and Enterprise Development in Budget 2018

    Guaranteed Irish Welcomes Support For Housing and Enterprise Development in Budget 2018

Guaranteed Irish has welcomed measures in Budget 2018 to increase housing supply and support enterprise. However, the organisation cautioned that further measures are needed to adequately stimulate Ireland’s construction sector. Measures welcomed by the business membership organisation included a total allocation of €1.8 billion for housing in Budget 2018, the establishment of Home Building Finance […]

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Budget Will be Positive For Jobs and Investment – Ibec

    Budget Will be Positive For Jobs and Investment – Ibec

Ibec, the group that represents Irish business, has reacted positively to Budget 2018, stating that it will help support further job creation and business investment. It noted that while the scale of resources for new measures was limited this year, important policy shifts on personal tax and infrastructure will underpin business confidence.
Ibec CEO Danny McCoy […]

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Budget 2018 – CIF Welcomes Increased Investment in Infrastructure at Critical Time For Irish Economy

    Budget 2018 – CIF Welcomes Increased Investment in Infrastructure at Critical Time For Irish Economy

The Construction Industry Federation (CIF) has stated that the measures announced in Budget 2018 will help address the systemic weaknesses in infrastructure investment.
Tom Parlon, CIF Director General, stated: “The Government has taken significant steps today towards insulating the economy from externals shocks today with the announcement of a 17% increase of €790 million in public […]

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SEAI Says Budget 2018 Shows New Urgency to Deliver a Cleaner Future

    SEAI Says Budget 2018 Shows New Urgency to Deliver a Cleaner Future

The Sustainable Energy Authority of Ireland (SEAI) has welcomed the increased funding allocated to it in Budget 2018, which it says highlights Ireland’s commitment  to invest in energy efficiency,  deliver greater change at community level, and  to further decarbonise our energy system.

Key announcements included:

Energy efficiency programmes targeted at reducing CO2 emissions from the built environment will […]

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Irish Exporters Association Response to Budget 2018

    Irish Exporters Association Response to Budget 2018

The Irish Exporters Association, the voice of the Irish industry, has welcomed Budget 2018 delivered by Minister for Finance, Public Expenditure and Reform, Paschal Donohoe.
Commenting on the Budget announcement, Simon McKeever, Chief Executive of the Irish Exporters Association, stated: “The Irish Exporters Association welcome the increased investment across health, education, housing and public transport as these […]

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Budget 2018 – A Mixed Budget, Says JLL

    Budget 2018 – A Mixed Budget, Says JLL

Following the release of Budget 2018, JLL, the financial and professional services firm that specializes in commercial real estate services and investment management, has mixed views about some of the measures that were introduced. Whilst it is encouraging to see an overall drive for positive economic growth, there is concern about the impact that some […]

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Funding For SFI FutureMilk Centre Welcomed by Teagasc

    Funding For SFI FutureMilk Centre Welcomed by Teagasc

The Government has announced funding for the Science Foundation Ireland (SFI) FutureMilk Centre, bringing to 17 the total number of funded SFI research centres. The FutureMilk Centre will be hosted by Teagasc, in partnership with the Tyndall National Institute, Ireland’s national microelectronics institute, the Telecommunications Software & Systems Group (TSSG) at Waterford Institute of Technology […]

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Guaranteed Irish Calls For VAT Reduction and Expansion of Incentive Schemes to Stimulate Construction Sector

    Guaranteed Irish Calls For VAT Reduction and Expansion of Incentive Schemes to Stimulate Construction Sector

Guaranteed Irish has called for a reduction in VAT, the expansion of incentive schemes, and an overhaul of apprenticeships to stimulate the construction industry. The organisation has published recommendations on the steps needed to ensure sustainable construction in Ireland in future years. The recommendations were formulated at a roundtable event attended by Guaranteed Irish construction-industry […]

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NUI Galway is Named University of the Year

    NUI Galway is Named University of the Year

NUI Galway has been named The Sunday Times University of the Year. Trinity College Dublin is the runner-up in The Sunday Times Good University Guide 2018. Athlone Institute of Technology is The Sunday Times Institute of Technology of the Year, while Letterkenny IT is the runner-up. The guide contains Ireland’s only league table that measures the performance of all 21 […]

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TERMINALFOUR Survey Reveals Disparities in Digital Investment Among Higher Education Institutions

    TERMINALFOUR Survey Reveals Disparities in Digital Investment Among Higher Education Institutions

TERMINALFOUR, the digital marketing and web content management platform for higher education, has announced results of its Global Higher Education Survey which reveal large disparities in investment in digital by universities and colleges. These disparities are a source of frustration for web, marketing, recruitment and leadership professionals; more than one-quarter (26%) of respondents stated they […]

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European Commission Refers Ireland to Court

    European Commission Refers Ireland to Court

The European Commission has decided to refer Ireland to the European Court of Justice for failing to recover from Apple illegal State aid worth up to €13 billion, as required by a Commission decision. Commissioner Margrethe Vestager, in charge of competition policy, says: “Ireland has to recover up to 13 billion euros in illegal State aid […]

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Despite Very Low Incomes Small Farms Plan to Continue Farming

    Despite Very Low Incomes Small Farms Plan to Continue Farming

A new Teagasc study has highlighted that half of all Small Farms are in an economically vulnerable position. According to the study the average income on Ireland’s smallest farms is just €2,917, but just 45% of them have another source of employment. The results come from a special survey of Small Farms by Teagasc.
Small Farms […]

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Far-reaching Reform of the EU VAT System

    Far-reaching Reform of the EU VAT System

The European Commission has launched plans for the biggest reform of EU VAT rules in a quarter of a century. The reboot would improve and modernise the system for governments and businesses alike. Overall, over €150 billion of VAT is lost every year, meaning that Member States miss out on revenue that could be used for schools, […]

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Registrations invited for ‘Meet the Buyer’ event for construction of children’s hospital

    Registrations invited for ‘Meet the Buyer’ event for construction of children’s hospital

Enterprise Ireland, in association with the National Paediatric Hospital Development Board, is inviting registration for a ‘Meet the Buyer’ event for the construction of the new children’s hospital. The event will take place at the Royal Hospital Kilmainham from 8am – 12 noon on 25 October 2017 and is free of charge.
This ‘Meet the Buyer’ […]

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NPF recognises Ireland’s future is urban – Gov must back ambition with funding

    NPF recognises Ireland’s future is urban – Gov must back ambition with funding

The Government’s newly published draft National Planning Framework correctly recognises that Ireland’s future is urban – now that appreciation must be backed by ambitious investment in Dublin and Ireland’s other main cities, according to business organisation Dublin Chamber.
Dublin Chamber, which represents companies throughout the Great Dublin Area, commended Government on the production of the draft […]

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56% of higher education institutions will struggle to meet recruitment targets due to visa/travel restrictions

    56% of higher education institutions will struggle to meet recruitment targets due to visa/travel restrictions

TERMINALFOUR, the digital marketing and web content management platform for higher education, has announced the results of its 2017 ‘Global Higher Education Survey’. The results highlight significant concerns among higher education institutions about student recruitment targets due to proposed visa/travel restrictions. In a survey of 391 higher education professionals from 333 unique higher education institutions, […]

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16,000 job seekers expected to attend Jobs Week 2017

    16,000 job seekers expected to attend Jobs Week 2017

Minister for Employment Affairs and Social Protection Regina Doherty has welcomed the huge response to Jobs Week 2017, which takes place this week. With over 100 events across the country and 16,000 attendees expected, Jobs Week is a major nationwide event for the Department. Jobs Week 2017 continues until Friday 29th September.
This dedicated week of […]

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Only one in four Cork firms confident of meeting the deadline for GDPR compliance

    Only one in four Cork firms confident of meeting the deadline for GDPR compliance

Alarm bells should be ringing on data protection, according to the results of a new survey conducted by Enterprise Europe Network (EEN) at Cork Chamber and it@cork. Local firms were asked about their preparedness for the introduction of the EU General Data Protection Regulation (GDPR) in May 2018.
EEN at Cork Chamber and it@cork are this […]

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NTA’s Dublin Quays figures at odds with commuter experience

    NTA’s Dublin Quays figures at odds with commuter experience

New figures released this week by the National Transport Authority are at odds with feedback from commuters regarding the impact of new traffic changes in the city, according to business group Dublin Chamber.
The Chamber said that figures showing an improvement in bus journey times between specific points along the north and south quays fail to […]

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CSO figures provide evidence of positive momentum in economy

    CSO figures provide evidence of positive momentum in economy

Ibec has welcomed the strong jobs numbers recently published by the CSO. The numbers provide more evidence of broad positive momentum in the economy, despite Brexit uncertainty. Employment grew by 2.9% in the first half of the year, closely in line with Ibec forecasts.
The strongest growing sectors were ICT and construction which experienced growth of […]

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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 Export Eye,’ conducted with members regarding Irish exporters’ sentiments on critical issues that have both direct and indirect impacts on business. The areas members were surveyed on include: ‘Brexit’ and its impact on business; entrepreneurship […]

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National Women’s Enterprise Day 2017 to take place on 12th October

    National Women’s Enterprise Day 2017 to take place on 12th October

An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald has launched the biggest-ever programme of events to mark National Women’s Enterprise Day (NWED), which is being organised by the Local Enterprise Offices (LEOs) on Thursday, 12 October 2017.
All 31 LEOs, which jointly supported over 14,000 female entrepreneurs in 2016, are behind the initiative. […]

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Ireland’s most innovative Agri-Tech Products named

    Ireland’s most innovative Agri-Tech Products named

From a solar powered water pumping system to a water treatment machine that reduces the need for antibiotics in poultry flocks, the most innovative Irish agri-tech products were named this week by An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald as she presented the 2017 Enterprise Ireland Innovation Arena Awards at the […]

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Rents in Dublin grew by 3.3% in Quarter 2 2017

    Rents in Dublin grew by 3.3% in Quarter 2 2017

According to the Residential Tenancies Board, private sector rents grew 6.6% in the year end to the end of June this year. However, the rate of increase in the second quarter was marginally slower than in Quarter 1. The standardised average national rent stood at €1,017 per month in Q2, 2017 – up by €63 – […]

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Ryanair publishes list of flights to be cancelled up to end of October

    Ryanair publishes list of flights to be cancelled up to end of October

Ryanair has published the full list of flight cancellations (now less than 50 per day) between Thurs 21st Sept. to Tues 31st Oct. next. These cancellations have been allocated where possible, to Ryanair’s bigger base airports, and routes with multiple daily frequencies so that Ryanair can offer these disrupted customers the maximum number of alternate flights and […]

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Irish Stock Exchange 2016 profits up 21% to €8m

    Irish Stock Exchange 2016 profits up 21% to €8m

The Irish Stock Exchange (ISE) plc has recorded another strong financial year with results published this week showing a 21% rise in profit after tax to €8m (2015: €6.6m). Revenues grew by 6% to €29.2m and total assets rose by 22% to €64.2m. With over 35,000 securities quoted on its markets from issuers located in 85 […]

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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 the region, as well as the measures required in the upcoming budget to support the region’s future growth.
Ibec North West Regional Director Terry MacNamara said, “Business will play a critical role in the future economic […]

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Ryanair to cancel less than 2% of flights over next six weeks to improve punctuality

    Ryanair to cancel less than 2% of flights over next six weeks to improve punctuality

Ryanair has announced that it will cancel 40-50 flights daily for the next six weeks (to the end of October) to improve its system-wide punctuality which has fallen below 80% in the first two weeks of September. This fall is due to a combination of ATC capacity delays and strikes, weather disruptions and the impact of […]

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Minister Donohoe publishes Review of Ireland’s Corporation Tax Code

    Minister Donohoe publishes Review of Ireland’s Corporation Tax Code

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe, has published the Review of Ireland’s Corporation Tax Code, undertaken by Mr Seamus Coffey.
Mr Coffey was appointed as an independent expert in October 2016 to review Ireland’s corporation tax code. The terms of reference for the review included: tax transparency; avoiding preferential treatment; further implementing […]

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Minister Breen leads delegation to largest animal production show in France

    Minister Breen leads delegation to largest animal production show in France

Pat Breen, Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection led an Enterprise Ireland trade visit to SPACE (Salon des Productions Animales – Carrefour Europeen) tradeshow, the largest animal production show this week.
The trade visit focused on promoting the innovation capabilities of Irish agri-tech companies in areas including connected […]

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UCD ranked 75th in QS Graduate Employability Rankings 2018

    UCD ranked 75th in QS Graduate Employability Rankings 2018

The QS World University Rankings have published their Graduate Employability Rankings for the coming year (2018) and place UCD 75th globally and number 1 in Ireland.
The rankings measure reputation among employers, alumni achievement, partnerships with employers, employer-student connections and graduate employment rate.
Earlier this year QS ranked UCD number 1 in Ireland for 40 out of 43 subjects offered by […]

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Minister Breen issues call for Competitive Challenges at SBIR Ireland Proposers Conference

    Minister Breen issues call for Competitive Challenges at SBIR Ireland Proposers Conference

Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen has issued a second call for up to 10 new Small Business Innovation Research (SBIR) Ireland Competitive Challenges at a recent conference in Enterprise Ireland.
This year, Enterprise Ireland has successfully managed the launch of seven SBIR Challenges, including a […]

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Cork Chamber submits budget asks to Government

    Cork Chamber submits budget asks to Government

Cork Chamber has issued key recommendations to Government ahead of the annual budget. This comes after the Chamber asked its 1,200 members about the measures most wanted in the budget. In its submission, the Chamber includes a number of specific recommendations to improve Cork as a place to work and live. Among these are:

Urgent investment […]

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Dublin Airport welcomes 20M passengers so far this year

    Dublin Airport welcomes 20M passengers so far this year

More than 20 million passengers have been welcomed at Dublin Airport so far this year as traffic has increased by 6% compared to the first eight months of last year.
The growth in passenger numbers means that the airport has already facilitated an additional 1.2 million passengers this year.
Almost 3.1 million passengers used the airport in […]

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Corporate tax must be ring-fenced for capital investment

    Corporate tax must be ring-fenced for capital investment

Ibec has acknowledged the publication of the independent review of Ireland’s corporate tax code by Seamus Coffey. The group welcomed the analysis of the available evidence, and in particular a number of sensible recommendations. It cautioned, however, that some recommendations would require careful thought and further consultation in order to avoid any unnecessary negative impacts […]

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New South East Regional Ibec President appointed

    New South East Regional Ibec President appointed

The Ibec South East Regional Executive Committee (REC), the group that represents business in the South East region, has appointed the President of the Institute of Technology Carlow, Dr Patricia Mulcahy, as the new Ibec South East Regional President.
Speaking following the appointment, Ibec South East Regional Director John Farrell said: “I want to congratulate Dr […]

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Departments launch Co-Innovate programme

    Departments launch Co-Innovate programme

The Minister for Culture, Heritage, and the Gaeltacht, Heather Humphreys, has launched the Co-Innovate programme in Monaghan, along with Permanent Secretary of the Department for the Economy, Dr Andrew McCormick.
Co-Innovate aims to increase the numbers of small and medium enterprises (SMEs) involved in research and innovation across the border region of Ireland (Cavan, Donegal, Leitrim, […]

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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 they see the greatest opportunity for their business, with almost two out of three of those who are not currently exporting to the Eurozone (65%) planning to do so in the next 12 months.
According to […]

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An Taoiseach Launches SFA National Small Business Awards 2018

    An Taoiseach Launches SFA National Small Business Awards 2018

The SFA National Small Business Awards 2018 have been officially launched by Awards Patron, An Taoiseach, Leo Varadkar. The aim of the awards is to celebrate the achievements of small business in Ireland and to recognise the vital contribution of the small business community to the Irish economy.
Small firms (employing less than 50 people) have from […]

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Irish Beverage Council calls for deferral of soft drinks tax

    Irish Beverage Council calls for deferral of soft drinks tax

The Irish Beverage Council, the Ibec group that represents soft drinks companies, has published its pre-Budget submission, “All cost – No benefit”. Calling on the Minister for Finance to defer the proposed sugar-sweetened drink tax, the Irish Beverage Council submission highlights that the combination of cross border shopping, uncertain all-island trade post-Brexit and the increasing cost […]

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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 business, according to Dublin Chamber. The Chamber was responding to the news that Cathay Pacific is to start direct flights from Dublin to Hong Kong from June 2018.
Dublin Chamber, which has acted as secretariat for […]

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Ryanair back to school seat sale

    Ryanair back to school seat sale

Ryanair has launched a seat sale across its network, with 20% off up to 2 million seats for travel from November to January, allowing customers to book their winter getaway on the lowest fares and beat the back to school blues – or celebrate a job well done all summer.
Discounted seats are available right across Ryanair’s […]

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€750k Enterprise Ireland fund opening for start-up applications

    €750k Enterprise Ireland fund opening for start-up applications

A Competitive Start Fund (CSF) competition worth up to €750,000 in funding from Enterprise Ireland will open for applications to early stage companies in manufacturing and internationally traded services on Wednesday 13 September 2017.
This is Enterprise Ireland’s seventh Competitive Start Fund in 2017 and is open to all sectors with a focus on agricultural, manufacturing, life […]

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Minister Breen opens ‘Ireland – Estonia Tech Bridge’ event hosted by Enterprise Ireland

    Minister Breen opens ‘Ireland – Estonia Tech Bridge’ event hosted by Enterprise Ireland

Pat Breen, Minister of Trade, Employment, Business, EU Digital Single Market and Data Protection opened the Ireland-Estonia Tech Bridge event in Enterprise Ireland this week.
The event is taking place at the beginning of the Estonian delegation’s two-day visit led by Estonian Deputy Secretary General for Communications and State Information Systems Simm Sikkut and Estonian tech […]

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Growth in overseas visitors remains solid

    Growth in overseas visitors remains solid

Minister for Transport, Tourism & Sport, Shane Ross and Minister of State for Tourism and Sport, Brendan Griffin have welcomed the latest official data on overseas travel from the Central Statistics Office (CSO), which showed an increase of 3.1% in overseas visits to Ireland for the first seven months of 2017 compared to the same period of […]

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Grant Thornton targets business travellers at Dublin Airport

    Grant Thornton targets business travellers at Dublin Airport

Grant Thornton has announced the launch of a new advertising campaign in Dublin Airport’s T2 from the 28th August. The campaign promotes Grant Thornton’s services across key growth sectors, Media, Agri-food, Life Sciences, Aviation and Financial Services Advisory.
The campaign will see seven partners from Grant Thornton feature across the advertising boards in Dublin Airport’s T2. […]

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Moves to restrict student housing must be opposed – Ibec

    Moves to restrict student housing must be opposed – Ibec

Ibec has called on Government to oppose and prevent measures under consideration by Dublin City Council to restrict student accommodation. The proposal seeks to provide planning authorities with an additional basis to oppose the building of student accommodation if there is already purpose- built student accommodation within a three square kilometre radius of the planned […]

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Dublin offices drive Q2 investment

    Dublin offices drive Q2 investment

According to the latest quarterly report from BNP Paribas Real Estate, the continuing fall-off in the number of large commercial property assets being offered for sale in the Irish market saw turnover of €278 million recorded for the three-month period to the end of June.
While that level of transactional activity was low compared to previous […]

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Economic growth cannot be taken for granted – SFA

    Economic growth cannot be taken for granted – SFA

Launching the SFA’s pre-Budget 2018 submission, Sue O’Neill, SFA Chair, said: “Continued economic growth cannot be taken for granted. If our country is to prosper over the coming years, it is vital to create an environment supportive of small business. Small businesses have been major contributors to growth, job creation and regional economic recovery and will continue […]

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Mid-summer falter in retail sales a cause for concern

    Mid-summer falter in retail sales a cause for concern

Retail Ireland, the Ibec group that represents the sector, warned that the retail sales figures for July, released by the CSO today, act as a timely reminder not to take continued growth in the sector for granted. Core retail sales in July decreased by 0.6% when compared with June, indicating a mid-summer dip in performance. […]

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Investment in infrastructure must be priority for government

    Investment in infrastructure must be priority for government

ISME, the Irish Small and Medium Enterprises Association, at the release of the CSO Earnings and Labour costs figures recently, called for greater investment in our public infrastructure and more cost competitiveness. The Association highlighted in its pre-budget submission the need for Government to target infrastructure at 4% of GNI and improve our cost competitiveness.
Average weekly earnings […]

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31m increase in public transport passengers since 2013

    31m increase in public transport passengers since 2013

The number of journeys on subsidised public transport and commercial bus services has increased by almost 31 million since 2013, according to recent figures released by the NTA. In 2013, there were 210m passengers on subsidised Public Service Obligation (PSO) services, while in 2016, that number went up to 236m.
All PSO operators have experienced an […]

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