Industry & Business

Economy

EngageSmith creates 20 jobs with €400K investment

    EngageSmith creates 20 jobs with €400K investment

Millennial training company EngageSmith has announced it will create 20 new jobs by the end of 2019 as it develops its range of training and e-learning products to respond to the growing demand for millennial training in organisations. The announcement follows a €400,000 injection of private funding in the company, which will enable the creation of the […]

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

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

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

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Ministers Bruton and Halligan welcome second call for new apprenticeship proposals

    Ministers Bruton and Halligan welcome second call for new apprenticeship proposals

The Minister for Education and Skills Richard Bruton and the Minister of State for Skills, Research and Innovation John Halligan has welcomed the opening of the Apprenticeship Council’s second call for new apprenticeship proposals.
Minister Bruton and Minister Halligan have called on employers to come forward with apprenticeship proposals. For companies, the skills that will be […]

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Businesses, public bodies encouraged to enter SEAI Awards

    Businesses, public bodies encouraged to enter SEAI Awards

The Sustainable Energy Authority of Ireland (SEAI) has started the search for sustainable energy leaders as it launched its 14th annual energy awards, the longest running energy leadership awards in the country. The SEAI Sustainable Energy Awards recognise and reward excellence in energy efficiency and renewable energy and are open to organisations, businesses or communities […]

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Bring capital beyond the capital – Financial Services Ireland

    Bring capital beyond the capital – Financial Services Ireland

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

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

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

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

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

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

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

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Cork businesses report strong start to 2017 despite Brexit uncertainty

    Cork businesses report strong start to 2017 despite Brexit uncertainty

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

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Esri Ireland to create 35 new jobs

    Esri Ireland to create 35 new jobs

Esri Ireland has announced it will create 35 new jobs over the next two-and-a-half years to support its goal of becoming a €10 million business by 2020. This will bring the total number employed by Esri Ireland to 85. The majority of new employees will be based in Dublin, while some will operate out of […]

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€750,000 announced in start-up funding for female entrepreneurs

    €750,000 announced in start-up funding for female entrepreneurs

Enterprise Ireland’s €750,000 Competitive Start Fund (CSF) for Female Entrepreneurs will open for applications on Wednesday 3 May. Up to €50,000 in equity funding is available to a maximum of 15 successful female applicants with early stage start-up companies. Last year, one in three companies who received CSF investment from Enterprise Ireland were female-led.
As well […]

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DCU researchers develop space sensors for European Space Agency

    DCU researchers develop space sensors for European Space Agency

Three Irish companies have successfully won contracts to develop satellite and communications systems to the European Space Agency (ESA). The three companies are Enbio, InnaLabs, and Pilot Photonics.
Enbio has won a contract to develop advanced surface coatings for Europe’s next generation platform for mid-sized telecommunications missions. InnaLabs will develop a space qualified Rate Measurement Unit […]

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ISME report shows uncertainty around Brexit

    ISME report shows uncertainty around Brexit

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

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Cope Foundation urges Cork firms to participate in ‘Job Shadow Day Initiative 2017’

    Cope Foundation urges Cork firms to participate in ‘Job Shadow Day Initiative 2017’

On Wednesday, 26th April 2017 Cope Foundation, an organisation providing support and services to 2,350 people with intellectual disability and/or autism in 65 locations across Cork City and County, will participate in and launch the ‘Job Shadow Day Initiative 2017’ as part of the National Job Shadow Week, in conjunction with the Irish Association Of […]

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Government action needed on EU tendering opportunities – ISME

    Government action needed on EU tendering opportunities – ISME

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

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Retail Ireland announces new Chairman

    Retail Ireland announces new Chairman

Retail Ireland, the Ibec group that represents the retail sector, has announced Willie O’Byrne, Managing Director of BWG Foods, as its new Chairman. Mr O’Byrne will serve a two year term and replaces outgoing Chairman, Conor Whelan, Managing Director of Eason Group. He will be joined at the helm of the organisation by Brian Donaldson, […]

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New postal service offers businesses more choice

    New postal service offers businesses more choice

Citypost has announced it is launching a new nationwide postal service for businesses. The independent postal service said its €0.79 PostPICK-UP cost will undercut the annual costs of existing providers by up to 21%.
The company is offering free postal collection from businesses and delivery to anywhere in Ireland, or in 200 countries globally. Outside of […]

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Citrix to create 150 new Dublin jobs

    Citrix to create 150 new Dublin jobs

Citrix has announced that it will create 150 new jobs as part of an expansion drive at its Dublin office, which is based in East Point Business Park, adding 26,000 square feet of office space to the current footprint. This project is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
The job […]

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InterTradeIreland Seedcorn competition launches for 2017

    InterTradeIreland Seedcorn competition launches for 2017

Early and new start companies across Ireland are being encouraged to enter the 15th annual Seedcorn Investor Readiness Competition to be in with a chance of competing for a no-equity total cash prize fund of €280,000. At a time where it is competitive to get seed funding, the competition is a great avenue for ambitious […]

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Calls for Dublin to Belfast one-hour rail link

    Calls for Dublin to Belfast one-hour rail link

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

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300 new jobs announced at Chopped

    300 new jobs announced at Chopped

Health food chain Chopped is set to open 20 new stores in Wicklow, Cork, Waterford and Dublin, creating over 300 new jobs. A further 110 jobs will be created in the UK as the company opens six new stores across the water. The new outlets – which will be a mix of wholly owned and […]

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North South Interconnector needed ahead of Brexit threat

    North South Interconnector needed ahead of Brexit threat

Ibec and the CBI, the two major business groups in the Republic and Northern Ireland, have launched a new report setting out the economic importance and urgent need for the proposed 400kV overhead North South electricity Interconnector (NSIC). The report, prepared by Grant Thornton, demonstrates how the proposed Interconnector will not only safeguard electricity supply […]

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Teagasc hosts meeting to support short food supply chains

    Teagasc hosts meeting to support short food supply chains

On the 10th and 11th of April, Teagasc hosted 20 EU experts in Galway for a two day meeting to examine short food supply chains. This network, known as the SKIN (Short Supply Chain Knowledge and Innovation Network) project, is looking to identify best practice in short food chains across Europe to develop economically resilient […]

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Chamber chief promises Brexit solutions

    Chamber chief promises Brexit solutions

Eoin O’Neill, the new President of the British Irish Chamber of Commerce has said it’s time to move on from handwringing about Brexit to giving the Irish and UK Governments practical business solutions to the new political reality.
Speaking at the Chamber’s AGM in PwC, Mr O’Neill said the Chamber’s member firms on both islands will […]

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Cork start-up programme IGNITE to double capacity

    Cork start-up programme IGNITE to double capacity

Cork start-up programme IGNITE has officially announced it is to double capacity. Speaking this week in UCC’s Western Gateway Building at the IGNITE Open Evening for prospective applicants to the IGNITE 2017/18 programme, IGNITE Director, Eamon Curtin said: “This is an exciting time for IGNITE.  Based on our track record of start-up success we can […]

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60 new jobs announced for Cork region

    60 new jobs announced for Cork region

Enterprise Ireland has announced the creation of 60 new jobs for the Cork region through six of its client companies – Aventamed based in the Rubicon Centre, Cork; Coolmore Foods based in Bandon; EviView based in South Mall, Cork; Intelligent Implants based in central Cork; Rinocloud based in central Cork and Velona Systems based on […]

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New products and markets key to export growth

    New products and markets key to export growth

The ESRI hosted a conference this week to launch the findings of a research programme on “Enterprise Exporting, Innovation and Productivity” undertaken in cooperation with Enterprise Ireland and the Department of Jobs, Enterprise and Innovation. Findings from the programme highlights that diversifying export products and markets plays a major role in driving growth for domestic […]

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365 jobs announced at Version 1

    365 jobs announced at Version 1

An Taoiseach Enda Kenny has announced today that IT services company, Version 1, will be creating 365 IT services jobs over the next three years at its base in Dublin’s city centre. The jobs will be in the areas of ERP, systems integration, cloud and data analytics. Version 1 is aiming to fill 100 positions […]

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Extra 300,000 premises to get high speed broadband

    Extra 300,000 premises to get high speed broadband

Minister for Communications, Climate Action and Environment, Denis Naughten has announced that an additional 300,000 premises across Ireland will be able to access high speed broadband within 90 weeks. These premises were previously part of the State Intervention Area but will now be provided by Eir.
As a result of commercial investment which didn’t materialise, the […]

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€120m paid out by banks over tracker mortgage scandal

    €120m paid out by banks over tracker mortgage scandal

Governor of the Central Bank Philip Lane has told the Oireachtas finance committee that Irish banks have paid out more than €120 million in the past two years in redress and compensation to mortgage customers who were denied a tracker rate. This comprised €78 million paid to 2,600 customers by the end of February as […]

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Two thirds of Irish workers unable to work from home during transport strikes

    Two thirds of Irish workers unable to work from home during transport strikes

Hundreds of thousands of people around Ireland have been affected by the recent and ongoing public transport strikes, with many unable to reach their place of work. For many, that will mean that their entire day is written off. But according to Ricoh, advances in technology mean they could be just as productive at home as […]

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Economic growth outlook impressive despite Brexit effects

    Economic growth outlook impressive despite Brexit effects

Ibec’s new Q1 Quarterly Economic Outlook forecasts growth of 3.1% for 2017 and 2.8% in 2018. Strong improvements in consumer spending and investment are the key drivers behind this growth, but Brexit related trading challenges will weaken export growth.

Ibec’s Director of Policy and Public Affairs Fergal O’Brien stated: “The Irish economy is now in a […]

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€44m investment in early stage funding for high growth companies announced

    €44m investment in early stage funding for high growth companies announced

The Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor has announced that up to €44 million is being made available for co-investment in Seed and early stage growth companies and through Enterprise Ireland has issued an open competitive call to fund managers to signal their interest in establishing funds. This investment will leverage private […]

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Enterprise Ireland launches ‘Brexit SME Scorecard’

    Enterprise Ireland launches ‘Brexit SME Scorecard’

Enterprise Ireland has launched the ‘Brexit SME Scorecard’, a new interactive online platform which can be used by all Irish companies to self-assess their exposure to Brexit under six business pillars. Based on answers supplied by the user, the Scorecard generates an immediate report which contains suggested actions and resources, and information on events for […]

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Ibec welcomes draft EU guidelines for Brexit

    Ibec welcomes draft EU guidelines for Brexit

Ibec has stated that the draft EU guidelines for Brexit negotiations set out a constructive approach towards achieving a smooth transition to a new EU-UK relationship. The principle has been established in both Brussels and London that Brexit presents unique challenges for Ireland that need to be addressed. The government must now work closely with […]

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Brexit talks must deliver free access to UK market says IDIA

    Brexit talks must deliver free access to UK market says IDIA

The Irish Dairy Industries Association (IDIA), the Ibec group that represents the dairy sector, has called for the sector to be a key priority for the Irish government in the upcoming Brexit negotiations.
Speaking after the triggering of Article 50, Irish Dairy Industries Association Director, Conor Mulvihill, said: “Irish diary is the fastest growing agri-food industry in […]

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‘No return to the hard border’

    ‘No return to the hard border’

Theresa May’s letter to trigger Article 50 states that she does not want Brexit to “harm” the Republic of Ireland. The British Prime Minister has included a note on what she sees as the UK’s “special relationship” with Ireland and the importance of the peace process in Northern Ireland.
“The Republic of Ireland is the only […]

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New ESRI research examines sensitivity of income tax and USC revenues to changes in income

    New ESRI research examines sensitivity of income tax and USC revenues to changes in income

Income tax (including USC) is the largest individual source of tax revenue in Ireland, accounting for over 35% of the total. According to the ESRI, fluctuations in this source of revenue have a significant bearing on the total tax revenue.
Research from the Institute has found that income tax revenue automatically increases by 2% for every […]

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New independence referendum backed by Scottish parliament

    New independence referendum backed by Scottish parliament

The Scottish parliament has voted to back First Minister Nicola Sturgeon’s bid to hold a new independence referendum in late 2018 or 2019. Once the terms of the UK’s exit from the EU become clearer, Sturgeon will seek permission from the British parliament in London to press forward with preparations for a referendum.
Sturgeon has argued […]

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Damovo announces new Dublin jobs

    Damovo announces new Dublin jobs

Technology company Damovo has announced 30 new roles at its Global Services Centre in Dublin. Recruitment is underway for the roles in project management, project co-ordinators and Avaya technical support.
Damovo offers unified communications and collaboration solutions, enterprise networks, contact centres and global IT managed services. It established in 2001 and currently employs 40 people at […]

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Dublin Airport named one of world’s best airports

    Dublin Airport named one of world’s best airports

Dublin Airport is one of the best 10 airports in the world, according to a new international survey based on passenger ratings. Users of the travel website eDreams have ranked Dublin tenth best airport in the world last year. Helsinki-Vantaa was named the world’s best airport, while Berlin Schönefeld was found to be the worst […]

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Minister for Jobs launches VODAFONE & SIRO National Gigabit Hub Initiative

    Minister for Jobs launches VODAFONE & SIRO National Gigabit Hub Initiative

Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor has launched Vodafone and SIRO’s national Gigabit Hub Initiative, which aims to spark a digital transformation in 15 towns across Ireland. A first of its kind, the companies will offer a 1 Gigabit broadband connection to qualifying business, technology and start up hubs free of charge […]

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Air routes from Cork and Dublin to Chicago from €139

    Air routes from Cork and Dublin to Chicago from €139

Low-cost Icelandic carrier WOW air has announced new routes from Dublin and Cork to Chicago, with fares starting in July from €139 one way including taxes. WOW already operates US routes from Ireland to New York, Miami, LA, San Francisco and Pittsburgh.
“The addition of Chicago to WOW air’s growing list of destinations is part of […]

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€3m investment for Sandyford business district

    €3m investment for Sandyford business district

More than €3 million is to be invested in improving Sandyford’s business district over the next five years. Funded by the 1,000 companies based across the area’s four industrial parks, the new Sandyford Business Improvement District Council (SBID) aims to introduce a number of initiatives to make the area a better place to live and […]

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22 Ulster Bank branches to close in Republic

    22 Ulster Bank branches to close in Republic

As part of a major restructuring of the business, Ulster Bank has announced it will close 22 of its branches in the Republic by the end of September. The restructuring will also result in 220 redundancies and approximately 8% of its workforce leaving the business.
Staff were informed of the bank’s plans on Thursday and have […]

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New jobs for Dublin and Cork

    New jobs for Dublin and Cork

Ecommerce firm eShopWorld has announced it will create up to 250 new high-end jobs over the next three years. The announcement coincided with the official opening of its global headquarters at Airside Business Park in Swords, Co. Dublin by Minister for Education and Skills, Richard Bruton.
The jobs announcement is part of a €25 million investment […]

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Enterprise Ireland and Network Ireland launch roadshow for female entrepreneurs

    Enterprise Ireland and Network Ireland launch roadshow for female entrepreneurs

Enterprise Ireland and Network Ireland, in conjunction with the Local Enterprise Offices (LEOs) and the Entrepreneurs Academy, has announced the second nationwide Fuelling Ambition “Steps to Success” roadshow targeting existing and potential female entrepreneurs.
The aim of the roadshow is to encourage, support and drive the ambition of female entrepreneurs nationally by showcasing the ‘Steps to […]

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IFA calls for an immediate ban on Brazilian meat

    IFA calls for an immediate ban on Brazilian meat

IFA President Joe Healy has called for an immediate ban on Brazilian meat imports into the EU. He said the latest revelations on the failure of Brazil to meet EU standards and controls in the meat sector raises very serious concerns around EU meat imports.
Joe Healy said the IFA has written to the EU Commissioner […]

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UK to trigger article 50 on March 29th

    UK to trigger article 50 on March 29th

British Prime Minister Theresa May will trigger article 50 of the Lisbon Treaty, the formal notification of the United Kingdom’s intention to leave the European Union, on March 29th. The move will formally trigger Britain’s exit from the EU following a referendum in June last year.
Article 50 of the Lisbon Treaty sets out how an […]

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€720m spent on Irish hotel transactions in 2016

    €720m spent on Irish hotel transactions in 2016

According to new research from Cushman & Wakefield, a record €720 million was spent on 51 hotel transactions in Ireland last year. Cushman & Wakefield, the commercial partner here of Sherry FitzGerald, also found that the biggest deal in 2016 involved the sale of the former Burlington Hotel for €182 million to German asset manager […]

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Increased fuel costs see inflation rise to 0.5%

    Increased fuel costs see inflation rise to 0.5%

According to the latest consumer price index (CPI), inflation has risen to its highest level in almost four years due to rising fuel costs and a pick-up in hotel and restaurant prices. It also suggests that the average basket of goods and services in the Republic was 0.5% higher in February than 12 months previously. […]

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Dell is best place to work, says Irish employees

    Dell is best place to work, says Irish employees

Job site Indeed has compiled a list of 25 companies to feature in ‘Best Places to Work in the Private Sector in Ireland’, with tech giant Dell coming out on top. The list was determined from the input of thousands of employee reviews. According to Marie Moynihan, Senior Vice President of Global Talent Acquisition at […]

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SFA says fundamental reform of social welfare needed to make work pay

    SFA says fundamental reform of social welfare needed to make work pay

The Small Firms Association (SFA) has called for a complete review of the social welfare system to ensure that work always pays more than welfare. Linda Barry, SFA Assistant Director, stated: “Small businesses frequently encounter difficulties in getting people on social welfare to take up a job or increase their hours. These employers are effectively […]

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One-third of Dublin’s office stock sold in deals worth €6bn since 2013

    One-third of Dublin’s office stock sold in deals worth €6bn since 2013

A new report from Savills on Ireland’s property investment market has revealed that, since the beginning of 2013, 1.1 million sq m (11.84 million sq ft) of modern office space has changed hands in Dublin. This is equivalent to one-third of Dublin’s entire office stock.
The figure for the city’s Central Business District (CBD) is even […]

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ICTU calls for action on executive salaries

    ICTU calls for action on executive salaries

A report from the Irish Congress of Trade Unions (ICTU) has found that executive pay in some Irish private companies increased by up to 238% between 2009 and 2015, a period in which average hourly earnings increased by just 2% on a weekly basis. The ICTU is calling for reforms in relation to how executive […]

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Calling all Cork businesses – StartUp awards launched

    Calling all Cork businesses – StartUp awards launched

The Bank of Ireland StartUp awards 2017 were officially launched to business nationwide recently. The competition, now in its sixth year, recognises and rewards Irish startups for their success in business across 11 categories including digital, food and drink, retail and technology. This year local accountancy firm TaxAssist will sponsor the awards and they are encouraging […]

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Dunnes Stores takes top supermarket spot for second month

    Dunnes Stores takes top supermarket spot for second month

New figures show that for the first time, Dunnes Stores has maintained its position as the country’s biggest grocer for two months in a row. Figures from Kantar Worldpanel show that the supermarket increased its market share of the grocery market to 22.9% for the 12 weeks to February 26. This is up from 22.5% […]

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Enterprise Ireland brings 11 client companies to Texas event

    Enterprise Ireland brings 11 client companies to Texas event

Minister for Employment and Small Business Pat Breen is leading a 4-day Enterprise Ireland trade visit to the USA. The highlight of the trade visit is the Enterprise Ireland exhibition stand at South by Southwest (SXSW), a world-famous digital technology conference, trade show and festival combination where emerging technologies, original music and independent films converge.
Commenting […]

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Job losses at Nenagh plant

    Job losses at Nenagh plant

250 employees at the Coty plant in Nenagh are to lose their jobs when the multinational company closes its business in the town. Staff at the former Procter & Gamble site were called to a meeting last week, with the management shutting down production for the day. The company is expected to announce a phased […]

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