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  • Lack and cost of accommodation biggest problem for tech firms While staff retention was the primary difficulty for Digital and Technology companies in 2016, this has become secondary to the fastest emerging problem in 2017 – the lack and the cost of accommodation. According to the latest market analysis and salary survey by recruitment group Prosperity, the enduring reality is that the Digital and Tech [...]...
  • Private data exchange between businesses forecasted to be six times volume of public internet by 2020 – Equinix Equinix, Inc., the global Interconnection and data centre company, has announced that Bandwidth used in private data exchange between businesses is expected to be six times that of the public internet by 2020. The insights come from the Global Interconnection Index, a new market study published by Equinix. The Index found that Interconnection Bandwidth is outpacing growth of the public [...]...
  • 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 [...]...
  • 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 [...]...
  • 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 [...]...

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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Datapac announces 35 new jobs and €2.1m investment

  Datapac announces 35 new jobs and €2.1m investment

Technology solutions and services provider Datapac has announced it will create 35 new jobs at its location in Enniscorthy, Co. Wexford. The jobs are being created as part of a €2.1 million investment which is funding significant expansion and enhancement of ICT managed services at Datapac’s Network Operations Centre.
Established in 1982, Datapac provides a comprehensive […]

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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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Berkshire Hathaway specialty insurance opens Dublin office

  Berkshire Hathaway specialty insurance opens Dublin office

Berkshire Hathaway Specialty Insurance Company (BHSI), a firm owned by Warren Buffet, has announced it has established a new office in Dublin and appointed Cormac McNamara as Property & Casualty Manager, BHSI Ireland.
“Cormac will build our local team and lead our efforts to bring all of BHSI’s Southern European underwriting capabilities to Ireland,” said Tom […]

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Clive goes live in Dublin

  Clive goes live in Dublin

UK experiential brand company Clive has opened a new office in Dublin for our its Irish operation. Three full time jobs have immediately been created, with additional roles planned for later this year. 
Clive helps brands to ‘Communicate: Live’, engaging audiences through creative live events and digital communication solutions. The company has worked with some of the […]

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Send money with PayPal in Skype Mobile App

  Send money with PayPal in Skype Mobile App

PayPal and Skype users in 22 countries – including Ireland – can now send money from PayPal directly in their Skype mobile app. With this new app, people in Ireland can send money ‘in the moment’ to friends and family in Ireland and 21 other countries, including the United States and UK.
More than $7 million […]

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Kinesis win IAGG 2017 tech day pitch event

  Kinesis win IAGG 2017 tech day pitch event

Kinesis Health Technologies, an Irish health technology start-up, has been declared overall winner of the Tech Day pitching competition held during the 21st International Association of Gerontology and Geriatrics (IAGG) World Congress which has just ended in San Francisco.
At the World Congress, which takes place every four years, over 6,000 experts in the field of ageing gathered together […]

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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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€11m funding for rural recreation projects

  €11m funding for rural recreation projects

Minister for Rural and Community Development Michael Ring has approved over €11 million in funding for projects under Measures 1 and 3 of the 2017 Outdoor Recreation Infrastructure Scheme.
The Scheme is part of the Government’s Action Plan for Rural Development and provides funding for the development of new outdoor recreational infrastructure and the maintenance, enhancement […]

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Synexa Life Sciences opens international HQ in Dublin

  Synexa Life Sciences opens international HQ in Dublin

Synexa Life Sciences, a global leader in biomarker services, has announced the opening of its international headquarters in Dublin. The new centre will be home to Synexa’s global business development activities and a new Bioinformatics Lab, and is expected to create up to 30 highly skilled jobs over the next five years.
Welcoming the decision by […]

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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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€85m extension at Bausch + Lomb adds 125 new jobs

  €85m extension at Bausch + Lomb adds 125 new jobs

Bausch + Lomb has announced that Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald, Minister for Business, Enterprise and Innovation have officially opened a €85 million extension at the company’s Waterford facility to help meet the consumer demand of its contact lens portfolio.
Valeant Pharmaceuticals International, the parent company of Bausch + Lomb, has invested more than €200 million in the […]

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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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PayPal completes financial education workshops for 400 students

  PayPal completes financial education workshops for 400 students

PayPal has announced the successful completion of a series of financial education workshops for secondary school students in partnership with Junior Achievement Ireland. More than 400 transition year students from six local secondary schools have taken part in the programme during the recent academic year at its Dundalk office.
The workshops are part of PayPal’s Financial Inclusion […]

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20 year anniversary for leading water recycling company

  20 year anniversary for leading water recycling company

Aquabio Ltd, one of the UK’s leading water re-use companies, is celebrating 20 years in the industry. The company was originally set up as a private business in 1997 with a strong ethos for innovation and environmental sustainability. This has led to the company developing some of the world’s most advanced systems for the treatment […]

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55% of young people plan to ditch TV licence – Pure Telecom

  55% of young people plan to ditch TV licence – Pure Telecom

A new online survey from Irish telecoms and broadband provider, Pure Telecom, has revealed that 55% of Irish TV licence holders aged 30 and under are planning to, or considering, ceasing payment of their TV licence due to an increase in consumption of online content and streaming services such as Netflix and Amazon Prime. The […]

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IP Telecom and GoldStar Telecom sign three year wholesale deal worth €500,000

  IP Telecom and GoldStar Telecom sign three year wholesale deal worth €500,000

IP Telecom, a Dublin based company which offers first class telephony solutions to companies in Ireland and across the world via its own VoIP (Voice Over Internet Protocol) network, has signed a wholesale deal worth €500,000 with GoldStar Telecom, a Cork based company that provides a range of telephony solutions directly in the Munster area […]

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Getting the competitive edge

  Getting the competitive edge

Based in the Nexus Innovation Centre in University of Limerick, data capturing firm Smart Factory was set up to help companies identify hidden losses, increase productivity and maximise efficiency. The firm was established by Brendan Sheppard, Cathal Murtagh and Anthony Kelly; all three founding members come from data-centric backgrounds and have years of invaluable experience […]

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Money and progress critical for ambitious Irish millennials

  Money and progress critical for ambitious Irish millennials

EngageSmith has announced its EngageSmith Millennial Workplace Survey that tracks Irish millennials’ attitudes to work and career on a quarterly basis. This is the first edition of the new survey and reveals that 62% of Irish millennials view career progression opportunities as the most important factor in the workplace, while 57% see salary as most critical, bucking […]

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“Propeller Shannon” Start-Up Accelerator at Shannon Airport launches

  “Propeller Shannon” Start-Up Accelerator at Shannon Airport launches

Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen has launched the Propeller Shannon start-up accelerator programme, supported by Enterprise Ireland to further enhance the aviation and the aerospace start-up ecosystem within Ireland.
The Propeller Shannon start-up accelerator, a partnership between Shannon Group’s International Aviation Services Centre (IASC), DCU […]

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Dublin Port trade volumes increase 2.9% in first six months of 2017

  Dublin Port trade volumes increase 2.9% in first six months of 2017

Dublin Port Company has published its latest trade figures showing half-year growth of 2.9%, putting Dublin Port on track for a third successive record year. Overall, volumes in Dublin Port have grown by 28.8% in just five years.
Growth was driven by exports which were up by 4.4% with imports ahead by 1.9%. The first half […]

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A Lion for three robots

  A Lion for three robots

Mitsubishi Electric’s interactive robotic installation known as “Threebots” has been awarded with the coveted Silver Lion in Cannes. “Threebots” has already received several awards since its installation at the German branch in Ratingen. In November 2016 Mitsubishi Electric was honored with the “Red Dot: Grand Prix“ award for its outstanding robot application. The “Threebots” (Three […]

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40 new roles at Queens Uni as EU puts €9m into major energy hub

  40 new roles at Queens Uni as EU puts €9m into major energy hub

A new ‘virtual centre of competence’ is being created at Queens University in Belfast, after the EU’s INTERREG VA Programme pumped money into further bioenergy research. Billed with supporting cross-border research into bioenergy and marine-based renewable energy sources, the hub will see the creation of 40 new roles.
The €9.3m project will focus on heat, biogas […]

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New initiative for Irish SMEs

  New initiative for Irish SMEs

Crowe Horwath has partnered with Dublin Chamber to create the ‘Pinnacle Programme’, an initiative targeted at businesses with a turnover of at least €1 million and employing 10 or more staff.
The programme aims to support the leaders and owners of Irish SMEs in building lasting value in their businesses ensuring they achieve their full potential. […]

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Resources for Budget 2018 €400 million more than estimated

  Resources for Budget 2018 €400 million more than estimated

Ibec has called on the Government to show further ambition in meeting Ireland’s critical infrastructure and demographic needs. Launching the group’s Budget 2018 submission, Ibec said that the Government has more within its power to spend on investment in much needed infrastructure, education and training, if it so chooses.
Speaking at the launch of the submission, […]

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Bank of America to locate EU legal entities to Dublin

  Bank of America to locate EU legal entities to Dublin

IDA Ireland has welcomed Bank of America confirmation that it has chosen Dublin as the preferred location for its principal EU legal entities following the UK’s departure from the EU. Bank of America celebrates 50 years of operation next year in Ireland and Dublin is the home of more of its employees than any other […]

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Bord Gáis Energy Index drops 7% in June, as oil, gas and electricity prices continue to fall

  Bord Gáis Energy Index drops 7% in June, as oil, gas and electricity prices continue to fall

The Bord Gáis Energy Index fell 7% in June and is 5% lower than the same period last year. June saw a broad drop in wholesale energy markets as oil, gas and electricity all registered falls – coal was the only exception with a 2% gain. A stronger euro over the month versus both sterling […]

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Irish companies exposing themselves to huge GDPR fines

  Irish companies exposing themselves to huge GDPR fines

AMI, one of Ireland’s leading secure IT retirement company, has revealed the results of a survey of senior IT decision-makers in Ireland, which found that almost one-third (32%) of organisations that use third-party IT retirement companies may be exposed to huge fines under the impending General Data Protection Regulation (GDPR) legislation. The companies admitted that […]

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