Industry & Business

Brexit

Softer Rise in Construction Activity Amid Storm Disruption

    Softer Rise in Construction Activity Amid Storm Disruption
The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – posted 50.6 in February, down slightly from 50.9 in January and
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Enterprise Ireland Survey Reveals Irish Exporters Remain Optimistic About the UK Market – 92% See Growth Opportunities Post-Brexit

    Enterprise Ireland Survey Reveals Irish Exporters Remain Optimistic About the UK Market – 92% See Growth Opportunities Post-Brexit
A survey conducted by Enterprise Ireland of client companies exporting to the UK has revealed that 92% see opportunities for growth in the United Kingdom post-Brexit. The survey, conducted as
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GDP Growth Revised Upwards Thanks to Strong Domestic Economy and Potential Increase in Government Spending

    GDP Growth Revised Upwards Thanks to Strong Domestic Economy and Potential Increase in Government Spending
EY has revised upwards its forecasts for the Republic of Ireland (ROI) in the firm’s latest EY Economic Eye report, thanks to a strong domestic economy with wage growth and public spending
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Continued Rise in Construction Activity as New Order Growth Quickens to Seven-month High

    Continued Rise in Construction Activity as New Order Growth Quickens to Seven-month High
The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – posted 50.9 in January, above the 50.0 no-change mark for the
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Still Time to Register to Attend The 2020 National Manufacturing & Supply Chain Conference & Exhibition – 29-30th January, Citywest Exhibition Centre, Dublin

    Still Time to Register to Attend The 2020 National Manufacturing & Supply Chain Conference & Exhibition – 29-30th January, Citywest Exhibition Centre, Dublin
There is still time to register to attend the 2020 National Manufacturing and Supply Chain Conference & Exhibition, which has been extended to a two-day event to meet growing demand,
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A Comprehensive EU-UK Free Trade Agreement Could Reduce Brexit Harm to the Irish Economy by Half

    A Comprehensive EU-UK Free Trade Agreement Could Reduce Brexit Harm to the Irish Economy by Half
The Government has published a study, commissioned by the Department of Business, Enterprise and Innovation, which examines the economic impact on Ireland of a potential EU-UK Free Trade Agreement. The
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Record Performance by Irish Food and Drink Exports

    Record Performance by Irish Food and Drink Exports
Bord Bia’s Export Performance and Prospects report 2019/2020 reveals a stand out 2019 performance by Ireland’s food, drink and horticulture industry as exports reached €13 billion in 2019 (2018: €12.1
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Record Number Now Employed by Enterprise Ireland Supported Companies

    Record Number Now Employed by Enterprise Ireland Supported Companies
The Government has reported the creation of 16,971 new jobs by Enterprise Ireland supported companies in 2019. 221,895 people are now employed in companies supported by the agency. This is
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€28 Million Economic Stimulus Package For the Border Region

    €28 Million Economic Stimulus Package For the Border Region
The Government has announced details of a special €28 million economic stimulus package for the Border region. The package, which applies to counties Donegal, Sligo, Leitrim, Cavan, Monaghan and Louth,
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New Brexit Business Survey – SMEs Urged to Ramp Up Preparations

    New Brexit Business Survey – SMEs Urged to Ramp Up Preparations
The Department for Business, Enterprise and Innovation has published the findings of a new Brexit survey. The Behaviour & Attitudes survey of 1,016 SMEs was conducted between September and October
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Economic Growth Set to Continue in 2020 But at a Reduced Rate

    Economic Growth Set to Continue in 2020 But at a Reduced Rate
The Irish economy looks set to register strong growth again in 2019 with GDP likely to increase by almost 6 per cent in the current year, according to ESRI (Economic
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British Irish Chamber of Commerce Reacts to Outcome of UK General Election

    British Irish Chamber of Commerce Reacts to Outcome of UK General Election
The British Irish Chamber of Commerce has congratulated UK Prime Minister, Boris Johnson on his election win and urged elected MPs to work together in defining the UK’s future relationship
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British Irish Chamber of Commerce Appoints New President

    British Irish Chamber of Commerce Appoints New President
The British Irish Chamber of Commerce has appointed Peter O’Shea, Head of Corporate and Regulatory Affairs at ESB, as its new President. Peter O’Shea (pictured) has been involved with the
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Irish SMEs Struggling More With Rising Costs Than International Competitors

    Irish SMEs Struggling More With Rising Costs Than International Competitors
Small businesses around the world have described rising costs as their greatest challenge, and the problem is particularly acute in Ireland, where 49% of SMEs cited it as the major
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Economic Growth Set to Continue in 2020 But Significant Risks on the Horizon

    Economic Growth Set to Continue in 2020 But Significant Risks on the Horizon

The Irish economy looks set to perform robustly in 2019 with the headline GDP rate forecast to increase by 4.9 per cent, according to the Quarterly Economic Commentary for Autumn 2019

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Over 222,000 Companies Urged to Prepare For Brexit

    Over 222,000 Companies Urged to Prepare For Brexit

The Government has started the process of directly contacting over 220,000 companies through the Companies Registration Office highlighting the need to take urgent action now to protect their businesses against

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GDP Growth Revised Downwards Based on Gloomier Global Outlook But Labour Market Continues to Beat the Odds

    GDP Growth Revised Downwards Based on Gloomier Global Outlook But Labour Market Continues to Beat the Odds

EY has revised downwards its economic forecast for 2020, from 3.3% to 3.0% on the back of weaker global outlook and following remarkable GDP growth of 8.2% in 2018. Growth

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ACCA and Bank of Ireland Issue Warning Amid Foreign Currency Fluctuations

    ACCA and Bank of Ireland Issue Warning Amid Foreign Currency Fluctuations

Many Irish companies that deal in foreign currency are exposing their businesses to significant and unnecessary profitability risks due to a lack of consideration of appropriate hedging within their organisations.

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New Government Initiative to Help Customs Capacity Post-Brexit

    New Government Initiative to Help Customs Capacity Post-Brexit

The Irish Government, in association with key industry partners, has launched a new support measure to help customs agents, intermediaries and affected Irish businesses develop the capacity to deal with

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Enterprise Ireland Urges Businesses to Prepare For Brexit With its Currency Calculator Amid a Sharp Dip in Sterling

    Enterprise Ireland Urges Businesses to Prepare For Brexit With its Currency Calculator Amid a Sharp Dip in Sterling

As part of its Brexit response, Enterprise Ireland is continuing to proactively engage with client companies nationwide to confront the broad implications of Brexit, across a number of areas including

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Brexit Preparedness at Food and Drink Firms Jumps to 93%

    Brexit Preparedness at Food and Drink Firms Jumps to 93%

Three years since the UK voted to exit the European Union, Brexit preparedness is widespread amongst Ireland’s food and drinks companies at 93% (74% in 2018). However, firms are increasingly

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Economic Growth Set to Continue in 2020 But at a Reduced Rate

    Economic Growth Set to Continue in 2020 But at a Reduced Rate

Despite operating in the presence of a considerable degree of uncertainty, the Irish economy continues to grow at a robust rate. The domestic economy is now expected to grow by

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Derry is the Most Exposed Region in Ireland Post-Brexit

    Derry is the Most Exposed Region in Ireland Post-Brexit

The newly appointed Chair of the Association of Chartered Certified Accountants (ACCA) in Ireland has said that Derry is hugely dependent on a dynamic cross border economy and with its

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The Impact of Various Brexit Scenarios on the Irish Economy

    The Impact of Various Brexit Scenarios on the Irish Economy

A new study from the ESRI and the Department of Finance finds that GDP in Ireland ten years after Brexit

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OPW Prepared For No Deal Brexit

    OPW Prepared For No Deal Brexit

“If there is a ‘crash-out’, we will be ready. We are working 24/7,” said Maurice Buckley (pictured), Chairman of the

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Irish Builders Face Cost Hikes in UK Materials

    Irish Builders Face Cost Hikes in UK Materials

The vast majority of building materials used in the Irish construction sector are either sourced in the UK or enter

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52% of SMEs in ROI and 56% in NI Have Yet to Begin Brexit Planning

    52% of SMEs in ROI and 56% in NI Have Yet to Begin Brexit Planning

The AIB Brexit Sentiment Index for Q4 2018 reveals that 35% of SMEs in the Republic of Ireland (ROI) and

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Manufacturing Sector Represents Almost a Third of the Irish Economy

    Manufacturing Sector Represents Almost a Third of the Irish Economy

The Irish manufacturing sector employs over 250,000 people and accounts for 32% of Ireland’s GDP – significantly higher than the

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Survey Finds 68% of Irish CEOs Have Started to Mitigate Against Potential Impact of Brexit

    Survey Finds 68% of Irish CEOs Have Started to Mitigate Against Potential Impact of Brexit

Almost seven in ten (68%) Irish CEOs have said they have acted to mitigate against the potential impact of Brexit,

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Vox Financial Identifies New Opportunities in Response to Brexit

    Vox Financial Identifies New Opportunities in Response to Brexit

FinTech consultancy Vox Financial Partners has developed new software that will improve efficiencies in the global financial services industry post

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Research and Innovation Critical to Business Success Post Brexit

    Research and Innovation Critical to Business Success Post Brexit

The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both

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Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

    Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The

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Increase in Numbers of Businesses Preparing For Brexit

    Increase in Numbers of Businesses Preparing For Brexit

The Government has welcomed survey findings that show 44% of businesses that are strongly impacted by Brexit have a plan

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Economic Growth Revised Upward in 2018 and 2019

    Economic Growth Revised Upward in 2018 and 2019

Strong growth is likely to persist in the Irish economy through 2018 and 2019. This is indicated by rising private

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Government’s Three Pronged Approach to Food & Drink Industry Ahead of Brexit

    Government’s Three Pronged Approach to Food & Drink Industry Ahead of Brexit

Minister of State for Food, Forestry and Horticulture Andrew Doyle TD (pictured) has identified three key areas the Government is

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Customs and Logistics the Top Concern For Irish companies as Enterprise Ireland Launches its Next Wave of Brexit Advisory Clinics

    Customs and Logistics the Top Concern For Irish companies as Enterprise Ireland Launches its Next Wave of Brexit Advisory Clinics

Customs and Logistics is the single biggest Brexit challenge facing Irish business according to an Enterprise Ireland survey which took

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National Food & Drink Business Conference and Exhibition 2018 – Citywest Convention Centre, Dublin – Wednesday, September 5th

    National Food & Drink Business Conference and Exhibition 2018 – Citywest Convention Centre, Dublin – Wednesday, September 5th

The National Food & Drink Business Conference and Exhibition 2018, Ireland’s premier trade event for the food and drink processing,

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British Irish Chamber of Commerce Calls For EU-wide Brexit Mitigation Fund

    British Irish Chamber of Commerce Calls For EU-wide Brexit Mitigation Fund

The British Irish Chamber of Commerce has called for the establishment of an EU-wide Brexit Mitigation Fund for industries and

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Progress at Last! – British Irish Chamber Welcomes UK White Paper on Brexit

    Progress at Last! – British Irish Chamber Welcomes UK White Paper on Brexit

The British Irish Chamber of Commerce has welcomed the publication of the white paper on Brexit by the UK Government

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Bord Bia’s 2018 Brexit Barometer Results

    Bord Bia’s 2018 Brexit Barometer Results

The Minister for Agriculture, Food and the Marine Michael Creed TD has launched the Bord Bia 2018 Brexit Barometer, a comprehensive survey

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65% of Irish Businesses Have Not Reviewed Their Supply Chains to Gauge Brexit Impact

    65% of Irish Businesses Have Not Reviewed Their Supply Chains to Gauge Brexit Impact

65% of Irish businesses have not reviewed their supply chain to identify current business relationships that might be negatively impacted

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Government Opens €300 Million Brexit Loan Scheme For Applications

    Government Opens €300 Million Brexit Loan Scheme For Applications

Minister for Business, Enterprise and Innovation, Heather Humphreys TD, Minister for Agriculture, Food and the Marine Michael Creed TD, and

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Entrepreneurs See Opportunities Amongst the Risks One Year Out From Brexit

    Entrepreneurs See Opportunities Amongst the Risks One Year Out From Brexit

With one year to go until Brexit, 62% of Irish entrepreneurs see business opportunities among the risks, according to research

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Copenhagen Economics Study on Impacts of Brexit on Trade and the Economy

    Copenhagen Economics Study on Impacts of Brexit on Trade and the Economy

The Government has published an independent study by Copenhagen Economics examining the impact of Brexit on Ireland’s trade and economy. The

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Brexit Deal Vital to Protecting All-island Supply Chains

    Brexit Deal Vital to Protecting All-island Supply Chains

Food Drink Ireland (FDI), the Ibec group that represents the food industry, has said the full implementation of the December

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Manufacturing Sector is Key to Ireland’s Economic Success But Brixit and Digitisation Challenges Loom Large

    Manufacturing Sector is Key to Ireland’s Economic Success But Brixit and Digitisation Challenges Loom Large

The Irish manufacturing sector, which contributes 25% of GDP and employs over 44,000 people both directly and indirectly, is key

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National Manufacturing and Supply Chain Conference & Exhibition 2018

    National Manufacturing and Supply Chain Conference & Exhibition 2018

Attracting more than 2,500 visitors, from across the country, and featuring 235 speakers and 350 exhibitors, the 2018 National Manufacturing

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Irish Businesses Should Prepare For a ‘Hard’ Brexit

    Irish Businesses Should Prepare For a ‘Hard’ Brexit

“Businesses across Ireland must prepare themselves for a ‘hard’ Brexit. You must establish your exposure now,” cautioned Lucinda Creighton (pictured),

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National Manufacturing and Supply Chain Conference – Citywest Convention Centre, Dublin – Wednesday, 31st January, 2018

    National Manufacturing and Supply Chain Conference – Citywest Convention Centre, Dublin – Wednesday, 31st January, 2018

Take placing on the 31st January in the Citywest Convention Centre, Dublin, the 2018 National Manufacturing and Supply Chain Conference

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Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

    Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

The Department for Business, Enterprise and Innovation’s second survey of SMEs about the impacts of Brexit on their businesses found

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Ireland’s Supply Chain Security Post Brexit to Lead Agenda at National Manufacturing and Supply Chain Conference

    Ireland’s Supply Chain Security Post Brexit to Lead Agenda at National Manufacturing and Supply Chain Conference

The impact of Brexit on Ireland’s supply chain and potential border issues will be a prominent topic at this years

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Irish exporters feeling pressure of long term Brexit uncertainty

    Irish exporters feeling pressure of long term Brexit uncertainty

The Irish Exporters Association (IEA), the voice of Irish exporters, has released results of its most recent survey, the ‘IEA

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Ibec sets out business priorities for the North West

    Ibec sets out business priorities for the North West

Ibec has met with political representatives in the North West to set out the key investment and planning priorities for

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Enterprise Ireland Technology Gateways Innovation in Construction Conference

    Enterprise Ireland Technology Gateways Innovation in Construction Conference

60 companies from across the construction sector attended the Enterprise Ireland Technology Gateways Innovation in Construction conference in Dublin this week. The

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Enterprise Ireland companies to enter Eurozone market in next 12 months

    Enterprise Ireland companies to enter Eurozone market in next 12 months

A survey of Enterprise Ireland client companies attending International Markets Week shows that the Eurozone is the key region where

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Direct Hong Kong flights will help Ireland land business

    Direct Hong Kong flights will help Ireland land business

The addition of direct flights between Dublin and Hong Kong opens up a whole world of new opportunities for Irish

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Budget must help food & drink sector maintain competitiveness

    Budget must help food & drink sector maintain competitiveness

Food Drink Ireland (FDI), the Ibec group that represents the food sector, has launched its Budget 2018 submission which calls

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Construction of North-South Interconnector is vital – Ibec

    Construction of North-South Interconnector is vital – Ibec

Ibec has welcomed a High Court ruling in favour of An Bord Pleanála which should pave the way for the

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