One of the central pillars of Ireland’s economic model is under considerable threat with the re-issuing of Common Consolidated Corporate Tax Base ( CCCTB ) proposal by the European Commission, according to Seamus Coffey, Economist and Chair of The Irish Fiscal Advisory Council. The proposal would see a single set of rules which would calculate […]
- Fáilte Ireland Unveils Range of Measures to Sustain Tourism Growth For 2019 Creating a series of long-term tourism development plans for specific geographical locations, developing new festivals to lengthen the tourism season, and promoting careers in the tourism sector – these are just some of the key initiatives Fáilte Ireland’s CEO Paul Kelly has outline, as he set out plans for 2019. As the tourism agency looks to [...]...
- Genesys Creates 200 New Tech Jobs and Establishes Global Artificial Intelligence Centre of Excellence Genesys®, the global leader in omnichannel customer experience and contact centre solutions, has announced it is creating 200 new technology jobs in Ireland over the next three years. The senior and highly skilled technical roles are based at the company’s new Galway office. The state-of-the-art facility serves as a Genesys research and development (R&D) hub [...]...
- Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford Bausch Health Companies will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Waterford, Ireland and Rochester in the US. The company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses. “Bausch + Lomb is one [...]...
- PropertyBridges.com Successfully Completes First Ever Peer to Peer Property Loan in Ireland Propertybridges.com, Ireland’s new peer to peer lender to the property development marketplace, has just successfully fulfilled its first loan. Over 100 lenders piled into the 250k loan for a new mews build in Sandycove, County Dublin and supported the small developer as well as made 8.5% return for themselves. The whole process took less than [...]...
- Inclusive and Sustainable Responsible Research & Innovation More citizens are involved in science through public engagement. Natural scientists and social scientists have formed collaborations. Users are leading innovation. Open access trends are changing the publishing system. Gender equality has gained political momentum. Together, these efforts form a European-wide approach called Responsible Research and Innovation (RRI). It implies that all of society (researchers, [...]...
- Fáilte Ireland Unveils Range of Measures to Sustain Tourism Growth For 2019
- Genesys Creates 200 New Tech Jobs and Establishes Global Artificial Intelligence Centre of Excellence
- Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford
- PropertyBridges.com Successfully Completes First Ever Peer to Peer Property Loan in Ireland
- Inclusive and Sustainable Responsible Research & Innovation
- Ireland Starts to Feel Bite of US Tax Reforms
With €6.7 million of investment, Citrix has officially opened its newly upgraded facility at East Point Business Park, which will be the largest Citrix European centre within EMEA. This revamped 49,500 sq ft centre, home to functions including technical support, consulting services, HR shared services and a new EMEA digital sales hub, has state of […]
Dunnes Stores has claimed the top spot in the Irish grocery market for the first time since February this year, according to the latest grocery market share figures from Kantar Worldpanel for the 12 weeks ending 7 October 2018. Dunnes posted strong sales growth of 3.4% over the latest period, propelling the retailer to an overall […]
Pure Telecom has signed a multi-million euro contract with BT Ireland. The agreement will see Pure Telecom offer broadband and phone services to 1.8 million potential customers via BT Ireland’s nationwide infrastructure network. BT Ireland’s 4,300km multi-gigabit fibre network extends Pure Telecom’s countrywide reach and will allow it to offer broadband to a greater number […]
Leading audit, tax and advisory firm Mazars has officially opened its new Galway office and announced that it will create up to 30 new jobs over a three-year period, doubling the headcount of the office from 30 to 60. While 20 of the new positions will service its recently created outsourced accounting business in Galway, […]
These are good days for Ireland’s manufacturers as a resurgent economy driven by home-grown and foreign investment provide the biggest turnaround since the financial collapse 10 years ago, writes John Whelan.
Irish manufacturing firms recorded the highest increase in industrial production across all EU countries in the year to August 2018, according to new Eurostat figures.
The rate […]
Engineering business, Camlin is creating 298 high value jobs as part of a £28 million expansion at its Lisburn headquarters. Camlin develops and supplies innovative engineering solutions, primarily for the electricity and rail industries.
Speaking at the official opening of its new state-of-the-art factory, Invest Northern Ireland Chief Executive, Alastair Hamilton said: “Camlin is a high-tech […]
Ireland’s nation brand continues to be one of the fastest-growing in the world, rising 26% in value year on year to US$538 billion, according to the latest Brand Finance Nation Brands report. Jumping six places in the ranking, Ireland has broken into the top 30, growing faster than the USA, China or the UK. This […]
MSD, known as Merck in the US and Canada, has announced that it will construct a second manufacturing facility at its existing site in Carlow with the creation of 170 new jobs. The new facility will focus on the production of vaccines and biologics and is scheduled to commence manufacturing operations in 2023. The build will include an […]
Teaching, research and student accommodation at Trinity College Dublin will be transformed over the next two years with the backing of a €100 million long-term European Investment Bank (EIB) loan for four capital developments across the campus.
This will include the flagship E3-Engineering, Environment and Emerging Technologies initiative at Trinity. Central to the vision of E3 […]
SSE Airtricity, Ireland’s leading provider of 100% green energy, has announced a new exclusive partnership with Verde LED to provide LED lighting upgrades and energy-efficiency improvements to businesses across Ireland. Verde LED, founded in 2010, specialises in lighting design for new and existing facilities, with a dedicated research and development (R&D) department to ensure product […]
AMI, Ireland’s leading secure IT disposal company, has announced that it is the only company in Ireland to achieve an ADISA membership, and one of only four companies globally to attain the highest award, a Distinction with Honours. Both AMI’s Belfast and Dublin sites achieved the certification, making it the most secure IT disposal company on […]
Greencore Group, the Irish and UK convenience food business, has agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for US$1.075 billion (£817 million) on a cash and debt-free basis. Hearthside is a major US contract food manufacturer with a heritage in US food industry outsourcing. The disposal will leave […]
The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both the business sector and the State is critical in order for Irish businesses to survive the hard hitting impact of Brexit. Denis Hayes says despite budget 2019 proposals State expenditure on research and innovation will […]
Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets […]
Downpatrick-based CM Precision Components Ltd has officially opened its new 16,000 sq ft manufacturing facility at Invest Northern Ireland’s Killough Road Industrial Estate. The advanced engineering firm has invested almost £1 million in the construction project, to expand its production capabilities and meet the growing demands of its customers.
CM Precision Components produces precision machined components for […]
IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million.
Arkphire provides […]
The latest figures on Government investment in research and development (R&D), published by the Department of Business, Enterprise and Innovation, show that over €750 million is estimated to have been invested in R&D in 2018. The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments […]
Approximately €700,000 is to be awarded to companies under Enterprise Ireland’s Small Business Innovation Research (SBIR) initiative which will enable them explore innovative solutions to address challenges faced by Local Authorities. 21 companies have been awarded Phase One funding to progress the feasibility of their solutions. Phase One funding will allow each recipient to carry […]
Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The survey of more than 500 tourism businesses around the country shows over half of the tourism industry is reporting their business to be up, with two thirds (64%) saying that tourism agency supports have been […]
Glanbia, the global nutrition group, has agreed to acquire SlimFast and other brands for $350 million from the owners KSF Holdings LLP and HNS Intermediate Corporation. SlimFast is a leading weight management and health & wellness brand family distributed primarily in the food, drug, mass and club (FDMC) channel in the US and UK. It […]
According to new SME research conducted by Bank of Ireland and Red C, 78% of Irish SMEs are confident in their ability to borrow if additional capital is required over the next twelve months, and almost one quarter (23%) already intend to borrow in the coming year. Just over one in three (34%) SMEs identified no […]
Colt Technology Services has announced that it will extend its Colt IQ Network in the greater Dublin area with an additional 150km of 100Gbps fibre, as part of a planned €15 million investment in Dublin over the next two years. The move is in anticipation of greater demand for digital infrastructure from multinational customers with presence […]
The Government has announced an increase in funding in Budget 2019 totalling €950.2m (+9.1%) for the Department of Business, Enterprise and Innovation. This allocation is €79.2m above the 2018 allocation of €871m for the Department and includes a record Capital budget increase of €65m (+11.7%) on the existing ceiling of €555m and an additional €14.2m (+4.5%) in Current funding.
Minister for Business, Enterprise and Innovation Heather Humphreys […]
Amarenco, the independent renewable energy power company that develops, builds and operates renewable energy power plants, has been announced as the number one company in the highly competitive 100kW-8MW rooftop solar segment in France, after winning 32MW in the latest French Regulatory buildings tender. Amarenco has approximately 400MW of large solar rooftop in development in France and […]
Schrader Electronics is investing over £14 million in Northern Ireland towards researching and developing products that address the increasingly complex engineering requirements of the automotive sector. Part of Sensata Group, Schrader specialises in manufacturing direct tyre pressure monitoring systems, a critical safety mechanism to warn motorists when a tyre is significantly underinflated.
Invest Northern Ireland has offered […]
Lakeland Dairies and LacPatrick Dairies have agreed to merge. The amalgamation of Lakeland and LacPatrick is a coming together of two dairy co-operatives on the island of Ireland to form a strong force in the global dairy industry. Both co-operatives are highly successful agrifood industry players with excellent manufacturing facilities and complementary strengths and advantages […]
Kingspan Group, a global leader in high performance insulation, building fabric, and solar integrated building envelopes, has joined over 370 companies worldwide in committing to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. The initiative is a partnership between the World Resource Institute, the World Wildlife Fund, CDP (formerly the Carbon […]
Irish digital health technology company HealthBeacon has officially opened its newly expanded Irish headquarters in Dublin 12. HealthBeacon has been on an upward trajectory since founding in 2014, with 2018 their busiest year yet.
Over the past four years the innovative Irish medtech company has experienced comprehensive market penetration within Ireland, witnessing in excess of 100% […]
Growth Loan Fund II, a £30 million fund to support SMEs in Northern Ireland with growth potential, has been launched by Invest Northern Ireland. The Fund is a successor to the Growth Loan Fund set up in 2012 which committed £55 million to more than 100 businesses.
Finance for the Growth Loan Fund II is being […]