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 […]
- 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 [...]...
- Thermo King manufacturing facility in Galway with zero waste to landfill The Galway manufacturing facility of Thermo King, a manufacturer of transport temperature control solutions for a variety of mobile applications and a brand of Ingersoll Rand, has become one of the first Ingersoll Rand sites to manage zero waste to landfill. The sustainability push in the Thermo King Galway factory builds on the Ingersoll Rand Climate Commitment made [...]...
- Irish SME develops app to help students connect with colleges Irish start-up StudyBundles has developed an app that helps CAO applicants connect with third-level institutions while they are deciding which college to attend. The CampusConnect app benefits students as they become immersed in college life before they step foot on campus, making the transition easier. For colleges and universities it helps them to convert student [...]...
- 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 [...]...
- Irish businesses will spend average of €190K on cloud in next year
- 156K cancer patients could miss out on life-saving drugs every year in US and Europe
- €220k fund available for startup projects
- First Derivatives to hire 400 graduates
- Ibec calls for response to cyber attacks
- Over €1.4bn worth of construction projects moved on-site in Q1 2017
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 […]
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 […]
Facebook is set to establish an SME Council in Ireland as it aims to grow its usage amongst small businesses here. The council comprises 14 Irish firms and will be led by the company’s SME manager for the UK and Ireland.
Facebook is trying to increase the number of companies that use its business tools to […]
The National Competitiveness Council has published its annual benchmarking report, Ireland’s Competitiveness Scorecard 2017. The Scorecard provides a statistical assessment of Ireland’s competitiveness performance with regard to a range of countries with which we compete for trade and investment.
Based on the analysis herein, the Council finds that many facets of Ireland’s competitive performance continued to […]
ISME, the Irish Small and Medium Enterprises Association, has called on the three employer representatives on the Low Pay Commission to resign from it. According to the Association, it fully supports the points raised by them in their dissenting opinion to the Commission’s recommendation. However, since the LPC has departed from its terms of reference […]
Hartmut Pütz, President Factory Automation EMEA at Mitsubishi Electric Europe, talks about the digital transformation of industry. He focuses on the effects on manufacturing businesses, especially at a production level, and how customers will benefit from innovative Mitsubishi Electric solutions.
Manufacturing industry is currently undergoing a period of rapid change. In concrete terms this can be […]
Young tech firm Neurovalens has used Invest Northern Ireland support for research and development (R&D) to develop Modius, a weight loss device which combines neuroscience and technology to solve health issues. Neurovalens makes wearable technology which can modify metabolism rates, appetite and fat storage.
Congratulating the company, Invest NI’s Director of Innovation, Research and Development Dr […]
Address by Martin D. Shanahan CEO, IDA Ireland at the MacGill Summer School
Uncertainty is the “mot du jour” or more accurately the “mot de l’année”. It pervades the global, the political, the economic, and the business environments and it is to the forefront of the minds of investors. This uncertainty is driven by geo-political developments, […]
Visa and PayPal have announced an extension of their strategic partnership to Europe. The two companies are already collaborating in the US and Asia Pacific to accelerate the adoption of secure and convenient online, in-app and in-store payments. This latest step brings the benefits of the partnership to European consumers and businesses.
Additionally, PayPal – under […]
The Small Firms Association (SFA) has criticised the recommendation of the Low Pay Commission for the National Minimum Wage to increase to €9.55 per hour.
Linda Barry, SFA Acting Director, stated: “Two-thirds of SFA members plan to give pay rises this year, but increases will be based on the performance of the individual worker and the […]
Colt Technology Services has announced a strategic partnership with Equinix, Inc. to interconnect theColt IQ Network with Equinix’s cloud ecosystem.
Today, Colt enterprise customers already benefit from connectivity to public and private clouds including Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform through Colt’s Dedicated Cloud Access service, and inter-data centre connectivity through Colt DCNet.
Thanks to […]
A new Irish company HireUp is solving a big problem for companies that are spending huge sums every year on recruitment fees. Hiring talent is a costly business with traditional recruitment agencies charging up to 30% of a first year salary. Experience and proven ability are attributes that are always in demand and especially now […]
Barclays has announced that it plans to use its licensed EU subsidiary to allow it to continue passported activity post-Brexit. Martin Shanahan, CEO of IDA Ireland said: “This announcement by Barclays to extend activities at their Dublin base is a further endorsement of Ireland’s strong offering to the International Financial Services Sector.
“Ireland’s access to the […]
The Irish Exporters Association (IEA) has announced that Nicola Byrne, Founder of 11890 Directory Inquiries and Cloud90, is the President of the Irish Exporters Association. Nicola takes over the IEA Presidency from Paschal McCarthy who has served as IEA President since January 2016. Nicola is the organisation’s first female President since its establishment in 1951.
According to new data released by LinkedIn, the UK remains the top destination for professionals leaving Ireland, despite the country’s intention to leave the European Union. The level of movement between both countries did fall, however, with approximately 26% of all talent leaving Ireland opting for the UK between October 2016 and April 2017, compared […]
Shopify Inc., the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses came to Galway two years ago to establish a strong and robust support team in Ireland. Known as “Gurus,” Shopify’s Irish support staff are all remote workers, meaning they can work wherever they want.
Welcoming the announcement, Tánaiste and Minister for Enterprise […]
Ibec, the group that represents Irish business, welcomed the publication of new national accounts published today by the CSO which show that the economy continues to grow strongly despite the challenges of Brexit. GDP in Q1 2017 grew by 6.1% annually, reflecting strong leading indicators. There are some worrying elements to the figures, however, with […]
Unilever has announced a new partnership between its global startup collaboration platform, Unilever Foundry and Dogpatch Labs, Ireland’s leading startup hub. The Unilever Foundry is a platform for startups and innovators to engage, collaborate and explore business ideas with Unilever and its 400+ brands. This partnership will provide a clear path for Irish startups to […]
Science Foundation Ireland has published its 2016 annual report, highlighting the significant impact achieved from the €184 million investment by the agency across its research programmes. The Foundation’s ongoing investments in outstanding research teams saw €169 million leveraged in 2016, comprising €71 million in EU funding, €45 million from private enterprise and €53 million from […]
Irish law firm Matheson has announced the opening of an office in San Francisco. With over 650 staff headquartered in Dublin, this expansion represents the firm’s third US office – and its fifth office globally. The opening is in response to the continually increasing client demand on the West Coast for Irish legal services, and […]
Insurance firm Beazley plc is to establish a European insurance company in Dublin. The company, which is an IDA Ireland client, will increase its European business from its Irish base. In order to expand its access to EU markets, Beazley plc has been granted a European insurance licence for its existing reinsurance company in Dublin. […]
Zendesk has announced that it is looking to hire an additional 300 staff and has agreed a lease to expand into 55 Charlemont Place in 2018, taking over 58,000 sq. ft. of Grade A office space in Dublin for its EMEA HQ following a significant growth of the local team. The announcement is supported by […]
Retail Ireland, the Ibec group that represents the retail sector, has launched a new policy paper entitled ‘Tackling the rates burden’. The paper highlights the serious deficiencies in the current system governing how local authority rates are levied and collected from retailers, resulting in over €200 million in uncollected rates each year. The retail sector […]
According to Vision-net.ie, new figures show that nearly 1,900 new company start-ups (1,878) were formed, on average, each month in the first half of 2017. This is an increase of 6% compared to the same period last year.
With the exception of June, company start-ups were up every month compared to 2016—including by almost 20% in […]
New data released to mark the end of the second quarter of 2017 has shown a sharp increase in jobs protected in examinership cases as businesses in Ireland face increasing uncertainty. The latest Baker Tilly Hughes Blake Examinership Index revealed that 112 jobs were saved through the examinership corporate recovery mechanism in the second quarter […]
The Davy Group has acquired Danske Bank UK’s discretionary portfolio management wealth business for an undisclosed sum.
The deal involves the transfer of the management of more than 1,100 Danske Bank customer investment portfolios, which are currently managed by the bank’s Belfast-based investment centre. The management of these investment portfolios is scheduled to move by the […]
SuperValu has announced the creation of over 40 jobs at a new SuperValu store in Dundalk. Due to open in Autumn this year, the 17,600 squ feet store will be located in a new retail development at the former Fairways Hotel Site in Dundalk.
A further 70 jobs will be supported during the development’s construction phase. […]
According to ICC Ireland, Ireland is currently ranked fifth in the International Chamber of Commerce (ICC) Open Markets Index highlighting the importance of international trade for the Irish economy.
Commenting on the ICC Open Markets Index, Ian Talbot ICC Ireland Secretary General said: “Ireland ranks fifth globally, an improvement of one place since the last publication of this […]
One month on from the General Election, the British Chambers of Commerce (BCC) has published a post-election survey of over 2,400 companies, which shows that while businesses have a range of views on their preferred objectives for the UK in Brexit negotiations, there is almost no support to conclude UK-EU talks without a trade deal.