Industry & Business

Investment

Irish economy grows 5.2% in 2016

    Irish economy grows 5.2% in 2016

Ireland’s economy grew 5.2% last year, exceeding all other euro zone countries and most official forecasts for the third successive year. The latest quarterly national accounts from the Central Statistics

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Just Eat records 52% revenue rise in 2016

    Just Eat records 52% revenue rise in 2016

Online food ordering service Just Eat saw a 52% rise in revenues to £375 million (€432 million) last year. The London-headquartered company recorded earnings before day-to-day expenses (EBITDA) of £115

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Luxembourg and not Dublin for AIG’s post-Brexit EU base

    Luxembourg and not Dublin for AIG’s post-Brexit EU base

Hopes that global insurer AIG might relocate its European regional HQ to Dublin from London have been dashed, with Luxembourg selected for the switch. This is despite a strong pitch

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New €7 Million EU Investment in Wales and Ireland’s Fisheries Industry

    New €7 Million EU Investment in Wales and Ireland’s Fisheries Industry

More than €7 million of EU funds will be invested in science and technology projects to help protect and develop the marine life and the fisheries industry in Wales and

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Draft River Basin Management Plan For Ireland Published

    Draft River Basin Management Plan For Ireland Published

Simon Coveney TD, Minister for Housing, Planning, Community and Local Government, has published the draft River Basin Management Plan (RBMP) for Ireland 2018-2021, which is subject to public consultation for

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AIB Announce Pre-Tax Profits of €1.7 Billion

    AIB Announce Pre-Tax Profits of €1.7 Billion

AIB announced annual pre-tax profits of €1.7 Billion and proposed a dividend of €250 million on Thursday. In a statement, AIB said that the profits were driven by strong sustainable business

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Mobile Technologies to Create 150 Jobs in Drogheda

    Mobile Technologies to Create 150 Jobs in Drogheda

Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor announced on Wednesday that Mobile Technologies Inc. (MTI) is to hire 150 people in its newly established European Contact Centre Headquarters

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Enterprise Ireland Announces Two Start Fund Competitions

    Enterprise Ireland Announces Two Start Fund Competitions

Two Competitive Start Fund (CSF) competitions worth a total of €1 million in funding from Enterprise Ireland will open for applications to international entrepreneurs and recent graduates on Wednesday 8

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Ricoh Announces 110 Jobs and €6.5 Million Investment in New Irish HQ

    Ricoh Announces 110 Jobs and €6.5 Million Investment in New Irish HQ

Technology company Ricoh announced on Thursday plans to more than double Irish staff base to 190 in next three years. Ricoh currently employs 80 people in Ireland after creating 30

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153 Dublin Jobs Announced in Four Companies

    153 Dublin Jobs Announced in Four Companies

The creation of 153 new jobs for Dublin from four North American and European high-growth companies was announced on Wednesday by Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor.

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Microsoft to Hire 600 People in Dublin

    Microsoft to Hire 600 People in Dublin

Microsoft announced on Friday plans to hire 600 people, according to IDA Ireland. Following the selection of Dublin as the location for one of four global Inside Sales Centres, 500

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Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

    Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

Full year results for Cavan-based building materials producer, Kingspan, released on Friday, showed revenue up 12% to €3.1 billion in 2016.  Trading profit was up 33% to €340.9 million, while

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What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

    What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

Post written by Ian Collins, Partner at EY Ireland. Previously published on Fora.ie The burden for small firms investing in research should be lifted. Ireland’s tax regime already ranks among the best

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OncoMark Secures €2.1 Million Investment to Commercialise Breast Cancer Diagnostic Test

    OncoMark Secures €2.1 Million Investment to Commercialise Breast Cancer Diagnostic Test

OncoMark, a University College Dublin (UCD) spin-out company, announced on Wednesday that it has secured €2.1 million to fund the commercialisation of OncoMark’s lead product, OncoMasTR, which it plans to launch

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The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

    The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

Post provided by Mazars. From building technologies and enhanced decision-making systems, the advances in both digital technology and connectivity with established engineering systems and principles has created the much needed

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NGINX to Establish EMEA Headquarters in Cork

    NGINX to Establish EMEA Headquarters in Cork

Web server developer NGINX, Inc. announced on Monday plans to establish a new headquarters for EMEA in Cork, creating 100 tech jobs over the next three years in specialties including sales,

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BrowserStack to Establish International Headquarters in Dublin

    BrowserStack to Establish International Headquarters in Dublin

Mobile and web testing platform BrowserStack has operationalized its devise Mobile Data Center in Dublin, Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor announced on Tuesday. Mitchell O’Connor also announced that

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Shard Capital Launches Venture Capital Fund

    Shard Capital Launches Venture Capital Fund

Shard Capital Partners LLP announcesd on Thursday the launch and first closing of the Suir Valley Venture Fund of Suir Valley Funds ICAV, the first Irish focused venture capital fund

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Accenture Launches R&D Hub ‘The Dock’, Announces 300 Jobs

    Accenture Launches R&D Hub ‘The Dock’, Announces 300 Jobs

Accenture announced on Friday plans to hire more than 300 technology and design professionals in Ireland this year. This includes 100 new roles at The Dock, the company’s multi-disciplinary research

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Enterprise Ireland Invested €32 Million Into Start-Ups in 2016

    Enterprise Ireland Invested €32 Million Into Start-Ups in 2016

State agency Enterprise Ireland announced on Thursday that it invested €32 million in Irish start-ups in 2016 and supported a total of 229 start-up companies, the highest number to date

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KBC Releases 2016 Preliminary Results, Commits to “Long-Term Investment in Ireland”

    KBC Releases 2016 Preliminary Results, Commits to “Long-Term Investment in Ireland”

KBC banking group on Thursday released preliminary results for their Irish operations 2016, in which it confirmed its long-term commitment to continuing business in Ireland. KBC Bank Ireland reported a

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Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

    Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

Skillnets, the national agency responsible for funding and supporting training networks, announced on Tuesday details of a new training fund that will support private sector businesses by addressing their skills

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New Kilkenny Animation Studio to Create 140 Jobs

    New Kilkenny Animation Studio to Create 140 Jobs

Canadian animation studio, Mercury Filmworks, together with Kilkenny-based animation studio, Cartoon Saloon, plan to create an all-new 2D-focused animation studio in Ireland, Lighthouse Studios, it was announced on Monday. The

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Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

    Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

The Government-funded, not-for-profit lender, Microfinance Ireland (MFI), supported the creation of almost 1,000 Irish jobs through loans to small business

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Red Hat to Create 60 Jobs in Waterford

    Red Hat to Create 60 Jobs in Waterford

Open source software company, Red Hat, plans to invest €12.7 million in a new project, creating up to 60 jobs

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€28 Million Funding Announced for Fishery Harbour Infrastructure

    €28 Million Funding Announced for Fishery Harbour Infrastructure

Minister for Agriculture, Food and the Marine Michael Creed announced details of a €28 million Capital Investment Package for the

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MicksGarage.com Raises €1.5 Million for UK Market Growth

    MicksGarage.com Raises €1.5 Million for UK Market Growth

Irish online automotive parts retailer MicksGarage.com announced on Sunday the completion of a €1.5 million funding round to support further

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Government Opens Public Consultation for National Planning Framework

    Government Opens Public Consultation for National Planning Framework

The Taoiseach and Minister Simon Coveney launched a major national consultation for the preparation of a strategic planning and development

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€5 Billion Investment in Irish BioPharma Sector

    €5 Billion Investment in Irish BioPharma Sector

Capital investment projects valued at €5 billion have been recently completed or are currently in progress across the Irish biopharma

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Traceability – How to Have Your Cake and Eat It

    Traceability – How to Have Your Cake and Eat It

“Implementing a traceability system is not an expense. The benefits of traceability should outweigh the cost of implementation,” according to

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Action Plan Hopes to Help Create 200,000 Jobs by 2020

    Action Plan Hopes to Help Create 200,000 Jobs by 2020

Taoiseach Enda Kenny and Minister for Jobs, Enterprise & Innovation Mary Mitchell O’Connor launched the Action Plan for Jobs 2017

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Element Six Announces €7 Million Investment in Shannon, Creating 100 Jobs

    Element Six Announces €7 Million Investment in Shannon, Creating 100 Jobs

Synthetic diamond and supermaterials company Element Six, a member of The De Beers Group, announced on Friday the creation of

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Almac Group Secures New Premises in Dundalk, Louth

    Almac Group Secures New Premises in Dundalk, Louth

Craigavon-based pharmaceutical organisation, Almac Group, secured new premises in Dundalk, County Louth, in response to increased client demand, it was

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Government Invested €761 Million in Research & Development in 2016

    Government Invested €761 Million in Research & Development in 2016

The latest report on Government investment in research and development (R&D),  published by the Department of Jobs, Enterprise and Innovation on

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EIB Confirms Record €825 Million Backing for Irish Investment in 2016

    EIB Confirms Record €825 Million Backing for Irish Investment in 2016

The European Investment Bank (EIB) announced on Tuesday that they had provided more than €825 million for long-term public and

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Deloitte to Open Blockchain Lab in Dublin

    Deloitte to Open Blockchain Lab in Dublin

Professional services firm Deloitte opened its EMEA blockchain lab at Whitaker Court in Dublin’s “Silicon Docks” district on Monday. The

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InsideSales to Open Ireland Offices, Creating More Than 120 Jobs

    InsideSales to Open Ireland Offices, Creating More Than 120 Jobs

Predictive sales acceleration platform InsideSales is expanding into Ireland, the company announced on Wednesday. InsideSales also announced a new growth

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EVO Payments International to Create 50 Jobs as Part of €9.1 Million Investment

    EVO Payments International to Create 50 Jobs as Part of €9.1 Million Investment

Card payment service provider EVO Payments International plans to open a new Irish headquarters and create 50 new jobs as part

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SilverCloud Health Raises $8.1 million in Series A Funding

    SilverCloud Health Raises $8.1 million in Series A Funding

Digital company SilverCloud Health raised $8.1 million in Series A funding, the Department of Jobs announced on Thursday. Venture capital firm B

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Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

    Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

Prime rents in the industrial sector may rise by almost 14% in 2017, following an increase of 25% last year,

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Steeltech Sheds Ltd Announces €5 Million Investment, 43 New Jobs for Tuam, Galway

    Steeltech Sheds Ltd Announces €5 Million Investment, 43 New Jobs for Tuam, Galway

Galway-based steel shed-manufacturers, Steeltech Sheds Ltd., announced on Tuesday a major investment of €5 million over the next three years

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€34.5 Million in Funding Announced for the Technology Transfer Strengthening Initiative

    €34.5 Million in Funding Announced for the Technology Transfer Strengthening Initiative

Enterprise Ireland reported on Tuesday that the third phase of its Technology Transfer Strengthening Initiative (TTSI), which serves to bolster

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Enterprise Ireland Launch €750,000 Competitive Start Fund

    Enterprise Ireland Launch €750,000 Competitive Start Fund

Enterprise Ireland announced on Thursday a new Competitive Start Fund (CSF) of up to €750,000 to support start up activity

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Aerie Pharmaceuticals to Establish Athlone Manufacturing Plant

    Aerie Pharmaceuticals to Establish Athlone Manufacturing Plant

Aerie Pharmaceuticals, Inc. announced on Monday that they have entered into a lease agreement with IDA Ireland to establish a

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Investment In Irish Commercial Property Reached €4.5 Billion In 2016

    Investment In Irish Commercial Property Reached €4.5 Billion In 2016

Commercial property consultants CBRE Ireland released statistics on Friday, detailing the volume and value of investment in Irish commercial property

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Dublin Will “Grind to a Halt” Without Public Transport Investment – Chamber of Commerce

    Dublin Will “Grind to a Halt” Without Public Transport Investment – Chamber of Commerce

Dublin will grind to a halt unless the sharp rise in passengers using rail, bus and Luas is matched by

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Overseas Companies Employ Almost 200,000 in Ireland – IDA

    Overseas Companies Employ Almost 200,000 in Ireland – IDA

IDA Ireland, the Government agency responsible for attracting foreign direct investment, announced the highest level of employment in its client

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First Interim Dividend Paid to Unsecured Creditors of IBRC

    First Interim Dividend Paid to Unsecured Creditors of IBRC

The first interim dividend of 25% was paid to all admitted unsecured creditors of the Irish Bank Resolution Corporation (IBRC),

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Construction Industry Set to Grow by 9% Annually up to 2020

    Construction Industry Set to Grow by 9% Annually up to 2020

The Construction Industry Federation (CIF) launched a website featuring career opportunities on Monday in the wake of a report that

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EIB Opens Dublin Office, Establishes New Financing Group

    EIB Opens Dublin Office, Establishes New Financing Group

The first meeting of a European Investment Bank (EIB) – Ireland Financing Group, chaired by Minister of Finance Michael Noonan,

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SIRO to Invest €150 Million in 2017, Supporting 400 Subcontractor Jobs

    SIRO to Invest €150 Million in 2017, Supporting 400 Subcontractor Jobs

SIRO officially opened new offices in Carrickmines, Co. Dublin, on Monday. The ceremony was attended by Minister for Jobs, Enterprise

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Dublin Ranked Fourth Most Attractive City for Property Investment

Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and

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BD to Build R&D Centre in Limerick

    BD to Build R&D Centre in Limerick

Medical Technology company Becton, Dickinson and Company (BD) announced on Friday that it plans to open a research and development

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UNIFI-IX Switches International Internet Exchange on in Dublin

    UNIFI-IX Switches International Internet Exchange on in Dublin

Internet exchange operator UNIFI-IX switched on a new international internet exchange in Dublin on Thursday, making Dublin the fourth city

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Acacia Communications Establishes EMEA-APAC Headquarters in Limerick

    Acacia Communications Establishes EMEA-APAC Headquarters in Limerick

Acacia Communications, announced on Wednesday, November 7, that it has established headquarters in Limerick, Ireland, for its Europe, Middle East,

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CSO Publishes Statistical Guide to Brexit

    CSO Publishes Statistical Guide to Brexit

The Central Statistic Office released “Brexit: Ireland and the UK in numbers”, on Wednesday, December 7. The publication provides the

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ESRI Publishes Medium-Term Outlook for the Irish Economy

    ESRI Publishes Medium-Term Outlook for the Irish Economy

The Economic and Social Research Unit (ESRI) published a medium-term outlook for the Irish economy on Monday, December 5. Called

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Ireland’s Prospects Bright, But Uncertain – ECB

    Ireland’s Prospects Bright, But Uncertain – ECB

The European Commission and ECB finished the sixth post-programme surveillance review for Ireland on Friday, December 2, in which they

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