BD, a leading global medical technology company, is to create 85 new jobs for the Limerick region. The announcement was made as Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection Pat Breen TD, officially opened BD’s Research Centre Ireland (RCI) in Limerick’s National Technology Park. The €21 million investment in BD’s […]
Irish-international fintech company, Fexco has announced a significant expansion of its operations headquartered in Killorglin, Co Kerry creating 175 new jobs over 3 years. The jobs form part of Fexco’s expansion strategy reinforcing the South West’s position as the driving force of Ireland’s fintech industry.
The announcement was made in Killorglin by Julie Sinnamon, CEO of […]
Irish-owned firms rely heavily on the UK as the source of intermediate inputs, which are goods used to produce a final product. Over half of the total imports used by Irish-owned firms are sourced in the UK with many importing solely from the UK market. Many Irish-owned companies are therefore highly exposed to cost increases […]
Crucial future investment to improve Ireland’s competitiveness will be strengthened by assessment of international best-practice in two key policy areas. EIB (European Investment Bank) advisory experts will identify ways to ensure more effective funding to support research and innovation in Ireland and to accelerate digitalisation by Irish small businesses.
The two new advisory programmes have been […]
Electric Ireland remained the largest electricity energy provider in 2017, however, it was the first year the supplier moved below a 50% share (49.5% of total consumption) in the electricity market, according to a report published by the Commission for Regulation of Utilities (CRU).
The annual Electricity and Gas Retail Market Report is part of the […]
The Government has welcomed Home For Life Ltd as a new participant in the Mortgage to Rent [MTR] scheme, where they will work in tandem with local authorities as landlords providing a long term solution for those in mortgage distress. The announcement coincides with the launch by the Department of Housing Planning and Local Government […]
Minister of State for Training, Skills, Innovation, Research and Development, John Halligan TD, has published a consultation document for Ireland’s Space Strategy for Enterprise. The consultation document seeks input from stakeholders on issues to be considered in the development of Ireland’s Space Strategy for Enterprise. The strategy will set out how Ireland will maximise on […]
Enterprise Ireland has announced a new Competitive Start Fund (CSF) totalling up to €500,000 to support start-ups in the marine technology and agritech sectors. The fund was launched by Minister for Agriculture, Food and the Marine, Michael Creed, TD, at the recent Our Ocean Wealth Summit, at Seafest 2018 in Galway.
The Fund will provide up […]
ESB has launched a call to action to the Irish public and industry to help the country move to a clean energy future by embracing electric heat and transport. ESB is showcasing the steps that everyone can take such as using electric heat pumps and electric vehicles to make energy savings, improve air quality and […]
Following a public consultation process, the Central Bank is introducing changes to the Consumer Protection Code 2012 to help consumers make savings on their mortgage repayments, provide additional protections to consumers who are eligible to switch, and facilitate mortgage switching through enhancing the transparency of the mortgage framework. These changes build on the strong framework […]
Leading communications agency Springboard PR & Marketing and Waterford City & County Council have won a prestigious national PR award for the launch of the Waterford Greenway. The campaign won Best Public Sector Campaign at the recent Awards for Excellence in Public Relations.
The awards were hosted by the Public Relations Consultants Association (Ireland), the Public Relations Institute of […]
Ibec, the group that represents Irish business, has launched a new national campaign – Better Lives, Better Business championing new policies across four key pillars – housing, infrastructure, planning and sustainability. Better Lives, Better Business is a campaign that aims to make Ireland a better place to live and to work so that Irish businesses can more effectively attract […]
The Port of Cork has marked a major milestone for the company with the launch of the new Cork Container Terminal development in Ringaskiddy. The Cork Container Terminal will initially offer a 360 metre quay with 13 metre depth alongside and will enable larger ships to berth in Ringaskiddy. The development also includes the construction […]
In the year to April, residential property prices at national level increased by 13.0%, according to the latest CSO figures. This compares with an increase of 12.6% in the year to March and an increase of 9.5% in the twelve months to April 2017.
In Dublin, residential property prices increased by 12.5% in the year to […]
The Minister for Agriculture, Food and the Marine Michael Creed TD has launched the Bord Bia 2018 Brexit Barometer, a comprehensive survey of 117 Irish food, drink and horticulture companies, representing 48% of the sector’s exporters to the United Kingdom. Over 100 senior industry representatives attended the launch in Bord Bia to hear the report findings.
The purpose […]
Translink and Iarnród Éireann have launched an ambitious new strategic development plan for the Cross-border Enterprise Rail Service between Belfast and Dublin. Called ‘Better Connecting Dublin and Belfast’, the strategy sets out a road map of how both companies jointly plan to further enhance the service on this important north/south rail corridor.
The plan launched by […]
IDA Ireland, the inward investment agency of the Irish Government, has reported a very strong first half of 2018. IDA expects that investments approved in the first half will lead to the creation of over 11,300 jobs as companies roll out their plans over the coming months and years. This compares with 11,000 over the […]
According to the latest CSO figures, the volume of output in building and construction increased by 7.4% in the first quarter of 2018 when compared with the preceding period. This reflects increases of 5.6%, 5.5% and 1.1% respectively in the volume of residential building work, non-residential building work and civil engineering work. The change in the […]
The latest Environmental Protection Agency (EPA) projections show that Ireland’s total greenhouse gas emissions will increase from current levels to 2020, underpinned by strong economic growth. This is despite an EU target to reduce greenhouse gas emissions by 20 per cent on 2005 levels from the non-Emissions Trading Scheme (non-ETS) sector – agriculture, transport, residential, […]
The European Commission has published the results of the 2018 Digital Economy and Society Index (DESI), a tool which monitors the performance of Member States in digital connectivity, digital skills online activity, the digitisation of businesses and digital public services. According to it, the EU is getting more digital, but progress remains insufficient for Europe to […]
Fáilte Ireland has unveiled plans to make the Waterford Greenway a top culinary destination with the potential to attract more overseas visitors and drive significant growth in the area. The new ‘Savour the Greenway’ programme seeks to leverage the growing tourism trend for seeking out locally sourced food and culture in order to maximise the […]
A new publication, Productivity in Ireland 2016, has been published by the Central Statistics Office (CSO). This publication presents a comprehensive picture of productivity and economic growth in the Irish economy for the Domestic and Other Sector, and the Foreign-dominated sector in the economy since 2000.
Productivity measures the efficiency with which an economy transforms inputs […]
Following 24 months of research, planning and development, the new Kells Tech Hub has been officially launched. The Kells Tech Hub is a world class regional enterprise development facility that will, through collaboration, clustering and creative thinking, help to support, promote and develop a culture of entrepreneurship in Kells, throughout Meath and across the wider […]
The Irish Exporters Association, in partnership with platinum sponsors KPMG and Trinity Business School, Trinity College Dublin, has announced that the 18th Export Industry Awards are now open for applications and launched the Alumni Programme for 2018. Companies can now submit their online application at http://www.irishexporters.ie/export-industry-awards/ to compete across 11 export industry related categories and be in with […]
A difficult start to the year – due to weather conditions – somewhat dampened tourism sentiment for many sectors but most businesses report a positive outlook for the remainder of the year. This was one of the findings from the latest Fáilte Ireland Tourism Barometer, a survey of more than 500 tourism businesses around the country. […]
Skillnet Ireland (formerly Skillnets), the national agency for workforce development, has been launched at an event in Co Clare to promote upskilling within enterprise. Its mission is to facilitate increased participation in enterprise training and workforce learning in Ireland. Skillnet Ireland brings together 67 Skillnet Enterprise Learning Networks across the country under one unified brand […]
Ireland could unlock €3.4 billion in untapped GDP if organisations were to optimise their workplaces, according to a new study by Ricoh and Oxford Economics. The research, entitled The Economy of People, found that Ireland could achieve a 1.0% increase in GDP by providing more up-to-date technologies, embracing ethical business practices and enhancing office workspaces.
Responding to the latest CSO house price figures indicating continuing house price growth of 12.1% in the year to March in Dublin and 13.4% elsewhere, Brokers Ireland has warned that unless supply of properties ramps up more quickly in the near future a whole generation now in their late twenties and thirties, and even beyond, […]
Cork headquartered software company Teamwork.com is creating 85 new jobs in Belfast. The company is setting up a development and support hub for a new product which will bring their total product suite to four.
Teamwork.com, a SaaS (Software as a Service) provider, creates online business applications to make teams around the world efficient and organised. It will be […]
“The Irish economy is firmly back on its feet,” according to Loretta O’Sullivan, Group Chief Economist at Bank of Ireland. “Consumer spending is just above its previous peak and will be an important driver of growth going forward.”
The improvement in consumer confidence is being fuelled by rising employment as the economy continues to create jobs. […]
“How do you intervene in a market that is out of balance? We have a lot of policies but implementation is vital,” remarked David Duffy, Director of Property Industry Ireland, the Ibec group that represents the sector, when assessing the issue and challenges facing Ireland’s housing market, where the growth in supply is lagging behind […]
By 2040 the population of the Republic of Ireland will have reached 6 million, according to Eoghan Murphy TD, the Minister for Housing, Planning and Local Government. He added: “Where are these people going to live and how will they live?”
The Minister was the opening speaker at the 2018 National Construction Summit, which was held […]
“All housing, not just for first time buyers, needs to be affordable. This means lower prices in Dublin and surrounding counties, which will bring down rents,” pointed out Colm McCarthy, Economist at University College Dublin, during the recent 2018 National Construction Summit.
Colm McCarthy was a main speaker at the event, where he presented his ‘plan […]
In the latest Friends First Economic Outlook report, Friends First Chief Economist, Jim Power, has warned of the potential dangers of allowing Ireland’s strong economic growth to overshadow the need for rigorous risk assessment, in order to avoid repeating the political and economic pitfalls of the past. An over-reliance on a small number of large […]
In 2017, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €26.8 in the European Union (EU) and €30.3 in the euro area. However, this average masks significant gaps between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (€4.9), Romania (€6.3), Lithuania (€8.0), […]
65% of Irish businesses have not reviewed their supply chain to identify current business relationships that might be negatively impacted by Brexit. This was the finding of a business sentiment survey of 350 Irish Businesses carried out by one of Ireland’s leading accountancy firms, BDO.
Spokesperson Michael Costello, Managing Partner, commented: “Brexit will hit Ireland’s unprepared supply […]
Datapac, Ireland’s leading technology solutions and services provider, has announced that, together with its software partner Swappsi, it has developed and implemented a new centralised records management solution for Ireland’s Education and Training Boards (ETBs). The new system streamlines administrative processes for the ETBs, allowing them to focus on better aligning education and training provision […]
Minister for Business, Enterprise and Innovation, Heather Humphreys TD, Minister for Agriculture, Food and the Marine Michael Creed TD, and Minister for Finance and Public Expenditure and Reform Paschal Donohoe TD have opened the Brexit Loan Scheme for applications to allow for the roll out of €300 million in funding to eligible Irish businesses.
Eligible businesses can […]
In a major boost for the sector Bord Bia has announced that it is commencing recruitment for 29 new positions to support the continued growth and development of Ireland’s world-class food, drink and horticulture industry. This is the largest-ever recruitment drive for the organisation enhancing Bord Bia’s capabilities in the areas of consumer and market insight; marketing and communications; and business development. The new employees will […]
The Government has announced a €29.6 million investment by the Irish Research Council in “frontier research” projects. Thirty-six researchers will receive funding under the Irish Research Council’s new Laureate Awards to conduct ground-breaking research in the life sciences, physical sciences and engineering, and the arts, humanities and social sciences. Projects to be funded under the […]
In 2017, the Irish economy grew by 7.8 per cent. In 2018, GDP is expected to grow by 4.8 per cent, according to the latest ESRI economic forecast. GDP will grow by 3.9 per cent in 2019 based on a technical assumption that a European Economic Agreement (EEA) is in place between the UK and […]
TechConnect Live, Ireland’s largest technology event, is expected to attract over 3,000 visitors from across the Irish and international tech sector to the RDS, Dublin on 30th of May 2018. TechConnect Live provides a unique forum for technology companies, start-ups, investors and the largest Irish and global end users of technology and services in order […]
The Government has published the ‘Research Priority Areas 2018–2023’ report. Research Prioritisation, introduced by the Government in 2012, aligns the majority of competitively awarded public investment in research with 14 priority areas. Innovation 2020, Ireland’s strategy for research and development, science and technology, commits to reviewing the priority areas to ensure that they are still valid […]
A hard Brexit would increase the cost of living for all households in Ireland by 2 per cent to 3.1 per cent – an annual increase of €892 to €1,360 per household, according to the Competition and Consumer Protection Commission. Costs would rise the most for lower-income households. These households spend a greater share of […]
Business leaders across Ireland are firm believers in the power of technology and the important role it plays, not only in supporting their own business needs, but in overcoming the wider socioeconomic issues they face. According to research – Technology in a Transforming Ireland – of Irish business leaders commissioned by Fujitsu, nearly 6-in-10 (59 percent) say […]
Brexit is coming closer and still a lot of questions remain unanswered. People are insecure not only about their own future but also the economic future of Ireland. iReach Insights conducted a nationally representative survey and 1,000 adults were asked about their opinion about the Brexit, it’s potential impact and what Irish people would do, […]
Dún Laoghaire-Rathdown County Council has agreed a Capital Expenditure Programme of over €742 million. The Three Year Capital Programme 2018-2020 will deliver a considerable number of infrastructural and housing projects that are of strategic importance to the County and the Region from both a social and an economic perspective. This will shape the development of […]
With 130,000 people now employed, the technology sector has overtaken agriculture as Ireland’s largest industry, according to Ken Finnegan (pictured above), formerly Chief Technology and Research Advisor for IDA Technology Ireland and now Director of Technology & Innovation for the about to be opened Harbour Innovation Campus at Dún Laoghaire. About 15,000 of these tech […]
Designed to foster collaboration between industry, academia and government agencies, the 2018 Research and Innovation Conference & Exhibition attracted over 1,000 visitors from across the major industrial sectors in Ireland to the Citywest Hotel, Dublin, on Wednesday, March 14th.
The visitors who braved the inclement weather were able to meet with the key organisations that are […]
The Government has launched Enterprise 2025 Renewed and the Action Plan for Jobs 2018. The Action Plan for Jobs 2018 is the 7th cross-Government annual plan to support job creation, while Enterprise 2025 Renewed is a review of Ireland’s longer term enterprise strategy.
Speaking at the launch, Minister for Business, Enterprise and Innovation Heather Humphreys TD stressed the importance of joined-up thinking when it comes to […]
A survey by the Construction Industry Federation (CIF) has found that on average approximately only 1 out of 10 construction workers are female. The survey found that on construction sites 99% of workers are male, whilst offsite, 54% are male and 46% are female. Of those women working in construction roles considered ‘offsite’ the majority […]
Glanbia Ireland, Ireland’s leading dairy and agri-business company, has officially reopened its Wexford cheese plant following a major capital investment programme. The €35 million investment in the facility, just outside Wexford town, has been supported by the Government of Ireland through Enterprise Ireland since 2014 and has doubled peak capacity at the plant.
Glanbia Ireland is […]
The 2018 Research and Innovation Conference & Exhibition, being held on Wednesday, 14th March 2018 at the Citywest Convention Centre, Dublin, will feature an impressive line-up of industry leaders, academics and government agencies who will engage in a stimulating blend of key note addresses and debates.
Designed to foster collaboration between industry, academia and government agencies, […]
The latest Banking and Payments Federation Ireland figures showing very steady improvement in mortgage lending is to be welcomed but the big impediment keeping the market out of kilter with what could be considered the norm is the massive deficit in supply, according to Brokers Ireland.
Rachel McGovern, Director of Financial Services at Brokers Ireland.
Rachel McGovern, […]
“The bioeconomy is a transition requiring a transition,” said Teagasc researcher Dr Maeve Henchion, co-organiser of ‘Ensuring the Continued Success of the Bioeconomy in Ireland: Progressing & Translating Research’, a Teagasc-hosted event held in Dublin recently. She said: “It requires new support frameworks and policies, and new ways of conducting research to ensure it achieves […]
Science Foundation Ireland (SFI) has launched the Research Infrastructure Programme 2018. The aim of the SFI Research Infrastructure Call is to support the research community in building and sustaining the required infrastructural capacity to accomplish high quality, high impact and innovative research in areas of science and engineering that demonstrably enhance and underpin enterprise competitiveness […]
Initiative Ireland, headquartered at NovaUCD, has launched a new annual housing report, entitled Housing 2031. The report was commissioned to provide a more accurate and consistent view of housing supply and demand over the last 25 years in the Republic of Ireland, to more reliably forecast true housing demand up to 2031.
Padraig W Rushe, CEO of […]
By John Whelan
International policy leaders attending the recent Bio Pharma Ambition conference in Dublin Castle were addressed by Dr Lorraine Nolan, the chief executive of Ireland’s Health Products Regulatory Authority and a member of the European Medical Agency (EMA). She stressed that continued good working relationships with the UK regulatory MRHA, would be essential for the […]