Industry & Business

Economy

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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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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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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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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Thousands attend Energy in Agriculture 2017 Event

    Thousands attend Energy in Agriculture 2017 Event

Thousands of people attended the recently-held Energy In Agriculture 2017 event, which took place at Gurteen Agricultural College in County Tipperary. The event was officially opened by Denis Naughten, Minister for Communications, Climate Action and the Environment, who said that there are huge opportunities out there in the energy sector for farmers and landowners. He said […]

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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 on Government to introduce a series of measures so that the sector can maintain its competitiveness and achieve its growth potential against the backdrop of Brexit and a significant weakening of sterling.
In order to support […]

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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 commencement of work on the long delayed but vital North-South Electricity Interconnector. It is time now for all TDs, political parties and other stakeholders to get behind this project and ensure its delivery as a […]

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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 will be expanding its operations in Ireland and subject to regulatory approval, plans to establish a bond trading business there. The Dublin expansion is part of its growth strategy in Europe and will afford TD […]

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Student crisis in the housing market

    Student crisis in the housing market

Right now, the Leaving Cert class of 2017 are poised to join the chronically undersupplied Irish housing market. That’s according to the latest Daft.ie report which shows that students will be seeking accommodation in one of the worst pressure points of the current market before the start of September. A cursory glance at the available […]

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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 Small and Medium Enterprises Association has stated that some of the aspirations are contradictory.
The Association has stated that while third party reaction to the Customs paper has been negative, we should remember that this represents an […]

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Belfast International Airport sees RoI revenue jump 250%

    Belfast International Airport sees RoI revenue jump 250%

Belfast International Airport is seeing a surge in the number of passengers coming from the Republic of Ireland. The airport says that Republic of Ireland car park transactions for the period 14th July to 14th August were up 135% on the same period last year. This delivered a revenue increase of 250%.
Using the airport’s own on-line car park booking system, 11% […]

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Confidence abounds amongst Cork business community

    Confidence abounds amongst Cork business community

Cork Chamber’s second quarterly economic trends survey of 2017 has been published at a time of unprecedented opportunity for the region and for Ireland. In reviewing activity over the closing months of April, May and June, the trends survey highlights the steadfast confidence present amongst the Cork business community.
Cork Chamber CEO, Conor Healy, in commenting […]

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New ‘Erasmus Student Network’ booking platform launched at Ryanair

    New ‘Erasmus Student Network’ booking platform launched at Ryanair

Ryanair has launched a new dedicated booking platform in partnership with Erasmus Student Network, offering Erasmus students fare discounts, free bags and tailored travel offers.
Delivered as part of Year 4 of Ryanair’s “Always Getting Better” programme, this partnership offers Erasmus students a dedicated ESN booking platform where they can avail of:

15% flight discounts on the […]

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Ireland boasts active M&A sector despite global uncertainty

    Ireland boasts active M&A sector despite global uncertainty

The first six months of 2017 have proven to be a dynamic period for Ireland’s merger and acquisition (M&A) market and it is clear that Ireland continues to be an attractive destination for international investment. This is according to the mid-year William Fry Mergers & Acquisitions Review 2017, in association with Mergermarket, which was published […]

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2017 Young Chartered Star announced

    2017 Young Chartered Star announced

A young accountant will represent Chartered Accountants Ireland at the ‘One Young World’ conference in Bogotá, Colombia, later this year after winning the ‘Young Chartered Star’ 2017 competition. Sinead Fox Hamilton ACA will represent the Institute at the prestigious international conference from 4 – 7 October 2017, along with other representatives of the Chartered Accountants Worldwide […]

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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 streamlined or new customs arrangements with the EU in two new Brexit position papers. However, the group cautioned that a UK departure from the EU customs union would present very serious challenges to achieving these […]

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Food companies encouraged to ‘Think Digital’

    Food companies encouraged to ‘Think Digital’

Bord Bia has announced a partnership with the Digital Marketing Institute to offer Irish food and drink companies an opportunity to grow and develop their online presence with a view to increasing brand awareness and sales. ‘Think Digital’ is a 6-month digital marketing programme available to all Irish food and drink companies designed specifically to address […]

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OSi and CSO launch new Census website on Esri Ireland’s digital mapping platform

    OSi and CSO launch new Census website on Esri Ireland’s digital mapping platform

Geographic information services company, Esri Ireland, has announced that Ordnance Survey Ireland (OSi) and the Central Statistics Office (CSO) have launched a new website on its ArcGIS Open Data digital mapping platform. The new website, available at http://census2016.geohive.ie/, presents data gathered during Census 2016 in a clear and legible way and aims to make geographical and […]

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Entrepreneurship in Ireland at pre-recession levels with 35,000 new business owners in 2016

    Entrepreneurship in Ireland at pre-recession levels with 35,000 new business owners in 2016

One in every 23 people in Ireland (aged 18-64 years) is a new business owner, according to the Global Entrepreneurship Monitor (GEM) 2016 Survey of Entrepreneurship in Ireland which was published today. These figures are similar to the US and high compared to European countries.
Enterprise Ireland, supported by the Department of Jobs, Enterprise and Innovation, […]

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Irish consumer sentiment remains positive in July

    Irish consumer sentiment remains positive in July

Irish consumer sentiment held broadly steady in July as an improved buying climate, likely boosted by summer sales and holiday spending plans, contrasted with a more cautious assessment of household finances. At current levels, the survey paints a reasonably positive picture of Irish economic conditions but also continues to highlight concerns about consumers’ personal financial […]

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New record For Dublin Airport with 3m passengers In July

    New record For Dublin Airport with 3m passengers In July

Dublin Airport welcomed more than 3.1 million passengers in July, which was a new monthly record for the airport and a 6% increase on the same period last year. July was the first time in the airport’s 77-year history that more than three million passengers have been facilitated in a single month.
A total of 3,121,469 […]

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Medium sized enterprises most satisfied with government

    Medium sized enterprises most satisfied with government

ISME has published the results of its latest Government Satisfaction Survey, showing that SMEs overall satisfaction with the Government experienced another improvement on the previous quarter. The Association welcomes the fact that this is the second overall improvement this year. Business costs still remain the biggest issue for SMEs, along with Government’s handling of the […]

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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 team, where he was briefed on the organisation’s 2017 promotional programme and the possible implications on travel of the decision by the UK to leave the EU.
Great Britain is a vital market for tourism to […]

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UK firm to take over 10% of Dublin Bus routes

    UK firm to take over 10% of Dublin Bus routes

UK bus company Go-Ahead has been announced as preferred bidder for 10% of Dublin bus routes after winning a tendering competition by the National Transport Authority. The company is expected to begin operating some of the 24 routes by the end of November 2018 and all routes by February 2019.
Dublin Bus also submitted a tender […]

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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 strong labour market, in particular, will underpin the buoyancy of the domestic economy, but Brexit related trading challenges will remain for exporters. This will be a particular challenge for the regions, with Ibec analysis showing […]

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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 more than the record first half of 2016. At the recent mid-year review of overseas tourism, Minister for Transport, Tourism and Sport, Shane Ross and Tourism Ireland CEO, Niall Gibbons, confirmed that this growth has […]

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Minister Doherty urges new fathers to claim Paternity Benefit

    Minister Doherty urges new fathers to claim Paternity Benefit

As the first anniversary of the introduction of paternity benefit approaches, Social Protection Minister Regina Doherty has launched an awareness campaign to encourage new or expectant fathers to apply for the two weeks payment from her Department. Employed and self-employed fathers with the correct PRSI contributions are entitled to receive paternity benefit.
Paternity benefit is available […]

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Growing costs undermining retail recovery – Retail Ireland

    Growing costs undermining retail recovery – Retail Ireland

Retail Ireland, the Ibec group that represents the retail sector, has highlighted growing concern amongst retailers that the sector’s competitive position is being undermined as costs increase. In its latest Retail Monitor, the group identified particular concerns regarding Government controlled costs such as commercial rates, the minimum wage, and levies attached to utilities.
Retail Ireland Director […]

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Brands must offer more to build loyalty with younger customers

    Brands must offer more to build loyalty with younger customers

A new study from technology specialist Ricoh Ireland has highlighted generational differences in customer service expectations. Older age groups are revealed as being less forgiving of brands, while younger customers expect far more information at the consideration stage, along with deep post-sales interaction to build lasting brand relationships. The survey of 3,600 consumers was conducted […]

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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 EU 12 months ago, the proportion of companies with a plan in place to deal with the potential outcomes of Brexit has remained static at 2 per cent. Alarmingly, this figure only increases to three […]

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€3.5M govt fund to support community health projects

    €3.5M govt fund to support community health projects

The Minister for Health, Simon Harris TD has welcomed the recent announcement from the Department of Rural and Community Development of the approval of the 2017 Dormant Accounts Action Plan. Additional funding of up to €3.46 million is being made available to the Department of Health in the period 2017-2019 to support a range of […]

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IDA Ireland confirms strong pipeline in financial services sector following Brexit

    IDA Ireland confirms strong pipeline in financial services sector following Brexit

IDA Ireland has confirmed significant investments in the financial services sector in the first half of 2017.  Over 15 global financial institutions have announced their intentions to set up or expand their operations in Ireland since January.
Commenting on the performance CEO of IDA Ireland Martin Shanahan said: “It has been encouraging to see so many high profile […]

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Minister of State announces eGovernment Strategy 2017-2020

    Minister of State announces eGovernment Strategy 2017-2020

Patrick O’Donovan, Minister of State for Public Procurement, Open Government and eGovernment, has announced the publication of the eGovernment Strategy 2017-2020.
The new strategy has been developed to build upon the first eGovernment Strategy (eGovernment 2012-2015) with the aim of succinctly setting out the next phase for eGovernment in Ireland. The Strategy focuses on 10 key actions […]

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Global shares to create 80 new financial technology jobs in West Cork and overseas

    Global shares to create 80 new financial technology jobs in West Cork and overseas

West Cork based Global Shares, a leading global provider of share plan administration software, share-dealing, global custody and financial reporting tools has today announced the creation of a further 80 new jobs due to rapid global expansion, bringing its total global employee base to 228.
The new positions, some of which are supported by the Department of […]

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Minister Murphy approves further 70 Rapid Build Homes in Dublin City

    Minister Murphy approves further 70 Rapid Build Homes in Dublin City

Eoghan Murphy, Minister for Housing, Planning and Local Government, has approved the construction of 70 rapid delivery houses at three locations in Dublin City.  The houses will be built in Cherry Orchard, Ballyfermot (53 units) and in Rathvilly Park (13 units) and Woodbank Drive (4 units), Finglas.
The houses will comprise 39 three bedroom units and […]

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BioMarin expands facility to manufacture medicine for rare genetic diseases

    BioMarin expands facility to manufacture medicine for rare genetic diseases

Simon Coveney, Minister for Foreign Affairs and Trade, has officially opened a new expansion at BioMarin Pharmaceutical Inc. in Shanbally, Co Cork. BioMarin has recently extended its site footprint to 20 acres as the company continues to experience a rise in the global demand for its therapies to treat rare genetic diseases that mostly affect […]

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SME lending market remains highly concentrated

    SME lending market remains highly concentrated

According to the latest Central Bank SME Market Report for the first half of 2017, the SME lending market remains highly concentrated, despite continued reduction in the bank concentration of new lending flows. The market share of the three main lenders in new lending flows is currently 82%.
The report also provides information on credit demand, […]

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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 Tourism Ireland, said: “I am pleased to see growth of +4.2% for the period January-June, coming on the back of a record performance in 2016 and years of solid growth in overseas tourism. It is encouraging […]

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