Industry & Business

Economy

Major Shift in Irish Housing Construction Needed to Safeguard Future Sustainability of the Sector

    Major Shift in Irish Housing Construction Needed to Safeguard Future Sustainability of the Sector

A major shift in Irish construction practices is urgently required to safeguard the sustainability of the sector into the future, according to Guaranteed Irish, the not-for-profit business membership organisation championing

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Fáilte Ireland Unveils Range of Measures to Sustain Tourism Growth For 2019

    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

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Genesys Creates 200 New Tech Jobs and Establishes Global Artificial Intelligence Centre of Excellence

    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

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Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford

    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

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Ireland Starts to Feel Bite of US Tax Reforms

    Ireland Starts to Feel Bite of US Tax Reforms

Executives around the world are cooling to the idea of investing internationally in the face of a rising trade tariff war between the US and China, and renewed US sanctions

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Proposed EU Legislation Poses Imminent Threat to Irish Economic Model

    Proposed EU Legislation Poses Imminent Threat to Irish Economic Model

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,

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Ireland Leads in Fight For Manufacturing Jobs For Now

    Ireland Leads in Fight For Manufacturing Jobs For Now

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.

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Ireland’s Nation Brand Booming – Brand Finance Report

    Ireland’s Nation Brand Booming – Brand Finance Report

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

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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 the business sector and the State is critical in order

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Government Investment in Research & Development Amounts to Over €750 Million in 2018

    Government Investment in Research & Development Amounts to Over €750 Million in 2018

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

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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 survey of more than 500 tourism businesses around the country

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78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

    78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

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

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Increased Funding For Business, Enterprise and Innovation

    Increased Funding For Business, Enterprise and Innovation

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

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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 in place, and urged those without a plan to urgently

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Ibec Publishes Latest Local Economic Indicators Report

    Ibec Publishes Latest Local Economic Indicators Report

Ibec, the group that represents Irish business, has launched Local Economic Indicators 2018: Doing Business Locally. The annual report measures data from across eight regions and in all 31 local authorities.

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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 consumption, increases in taxation receipts and continued declines in unemployment

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Dublin Housing Crisis Restricts Employers’ Ability to Recruit

    Dublin Housing Crisis Restricts Employers’ Ability to Recruit

New research commissioned by specialist regeneration and property developer U+I shows that Dublin’s housing crisis is seriously hampering business’ efforts to recruit and retain talent in the city. The Housing availability,

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Irish Public Policy Must Change to Reflect Rapid Digitalisation

    Irish Public Policy Must Change to Reflect Rapid Digitalisation

Government must urgently address the needs of the labour market, if Ireland is to stay apace with the rapid digitalisation of the global workplace and future employment challenges, according to

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250 New Jobs Announced by Alchemy in Major Investment in Northern Ireland

    250 New Jobs Announced by Alchemy in Major Investment in Northern Ireland

Alchemy Technology Services has announced it is setting up a European Centre of Excellence in Londonderry. It will provide software implementation and technology consultancy to the UK and European insurance

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Danske Bank to Create 67 New Jobs in Northern Ireland

    Danske Bank to Create 67 New Jobs in Northern Ireland

Danske Bank has chosen Londonderry as the location for a new Customer Protection Centre. The centre will create 67 new roles, including quality assurance managers and analysts. The Centre will complete

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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 negotiating on as Brexit looms. Speaking at the recent Food

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Dublin Airport Welcomes New Dallas Route

    Dublin Airport Welcomes New Dallas Route

Dublin Airport has welcomed American Airlines’ announcement that it is to operate a new Dublin-Dallas Fort Worth summer service from next June. The daily service will be Ireland’s first direct flight

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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 place at its Dublin Brexit Advisory Clinic in June. Almost

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Research Technical Paper – Economic Migration and Business Cycles in a Small Open Economy With Matching Frictions

    Research Technical Paper – Economic Migration and Business Cycles in a Small Open Economy With Matching Frictions

The Central Bank of Ireland has published a Research Technical Paper. The paper, “Economic Migration and Business Cycles in a

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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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Dublin Selected as Host City For Global DIY Summit in 2019

    Dublin Selected as Host City For Global DIY Summit in 2019

Dublin has been selected to host the 2019 Global DIY Summit following a competitive process which included bids from a

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Long Winter and Summer Drought to Impact Farm Incomes in 2018

    Long Winter and Summer Drought to Impact Farm Incomes in 2018

A new report, produced by Teagasc economists, highlights the likely impact on the bottom line for Irish farming resulting from

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Economy Growing at Robust Pace But Risk of Overheating

    Economy Growing at Robust Pace But Risk of Overheating

The Central Bank of Ireland has published its third Quarterly Bulletin of 2018. The Bulletin examines recent trends in the

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Skillnet Ireland Announces €2 Million Training Fund to Help Close the Widening Skills Gap

    Skillnet Ireland Announces €2 Million Training Fund to Help Close the Widening Skills Gap

Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning in Ireland has announced up to

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Dublin’s First Major Cost Rental Development

    Dublin’s First Major Cost Rental Development

A Dublin City Council-owned site at Emmet Road in Inchicore, has been selected as the location for Dublin’s first major

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Irish Economy in Strong Position But Challenges Intensify

    Irish Economy in Strong Position But Challenges Intensify

Ibec, the group that represents Irish business, has welcomed the latest National Accounts figures published by the CSO, which show

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Jobs.ie Survey Reveals that Almost Half of Dublin-based Workers Would Leave the Capital For Shorter Commuting Times

    Jobs.ie Survey Reveals that Almost Half of Dublin-based Workers Would Leave the Capital For Shorter Commuting Times

A new survey of employees conducted by Jobs.ie reveals employees’ strong desire for greater flexibility on when and where they

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Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility

    Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility

Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese

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Grand Canal Innovation District Planned For Dublin

    Grand Canal Innovation District Planned For Dublin

A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from

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Export Sales by Enterprise Ireland Client Companies Hit New Record

    Export Sales by Enterprise Ireland Client Companies Hit New Record

Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded

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BD Opens New State-of-the-art R&D Facility in Limerick

    BD Opens New State-of-the-art R&D Facility in Limerick

BD, a leading global medical technology company, is to create 85 new jobs for the Limerick region. The announcement was

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Fexco to Create 175 New Jobs in Ireland’s South West

    Fexco to Create 175 New Jobs in Ireland’s South West

Irish-international fintech company, Fexco has announced a significant expansion of its operations headquartered in Killorglin, Co Kerry creating 175 new

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Reliance on UK Exports Could Lead to High Brexit Cost Increases For Irish Firms

    Reliance on UK Exports Could Lead to High Brexit Cost Increases For Irish Firms

Irish-owned firms rely heavily on the UK as the source of intermediate inputs, which are goods used to produce a

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Digitalisation of Irish SMEs and National Research Investment to Benefit From European Best-practice

    Digitalisation of Irish SMEs and National Research Investment to Benefit From European Best-practice

Crucial future investment to improve Ireland’s competitiveness will be strengthened by assessment of international best-practice in two key policy areas.

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Electric Ireland Moved Below 50% Market Share For First Time in 2017

    Electric Ireland Moved Below 50% Market Share For First Time in 2017

Electric Ireland remained the largest electricity energy provider in 2017, however, it was the first year the supplier moved below

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Home For Life is a New Participant in the Mortgage to Rent Scheme

    Home For Life is a New Participant in the Mortgage to Rent Scheme

The Government has welcomed Home For Life Ltd as a new participant in the Mortgage to Rent [MTR] scheme, where

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Public Consultation For Ireland’s Space Strategy For Enterprise

    Public Consultation For Ireland’s Space Strategy For Enterprise

Minister of State for Training, Skills, Innovation, Research and Development, John Halligan TD, has published a consultation document for Ireland’s

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Enterprise Ireland Launches €500,000 Competitive Start Fund For Entrepreneurs in Marine Technology and Agritech Sectors

    Enterprise Ireland Launches €500,000 Competitive Start Fund For Entrepreneurs in Marine Technology and Agritech Sectors

Enterprise Ireland has announced a new Competitive Start Fund (CSF) totalling up to €500,000 to support start-ups in the marine

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ESB Launches a Call to Action For a Cleaner Energy Future

    ESB Launches a Call to Action For a Cleaner Energy Future

ESB has launched a call to action to the Irish public and industry to help the country move to a

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New Requirements Introduced to Provide Additional Transparency and Facilitate Mortgage Switching

    New Requirements Introduced to Provide Additional Transparency and Facilitate Mortgage Switching

Following a public consultation process, the Central Bank is introducing changes to the Consumer Protection Code 2012 to help consumers

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Waterford Greenway Launch Wins Top PR Award

    Waterford Greenway Launch Wins Top PR Award

Leading communications agency Springboard PR & Marketing and Waterford City & County Council have won a prestigious national PR award

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Major New Report on Housing Outlines Policy Actions to Boost Affordability and Supply

    Major New Report on Housing Outlines Policy Actions to Boost Affordability and Supply

Ibec, the group that represents Irish business, has launched a new national campaign – Better Lives, Better Business championing new policies across

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EIB Backs €80 Million Port of Cork Container Terminal Development

    EIB Backs €80 Million Port of Cork Container Terminal Development

The Port of Cork has marked a major milestone for the company with the launch of the new Cork Container

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Residential Property Prices Rise by 13.0% in Year to April

    Residential Property Prices Rise by 13.0% in Year to April

In the year to April, residential property prices at national level increased by 13.0%, according to the latest CSO figures.

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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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Ambitious Enterprise Cross-Border Rail Strategic Development Plan Launched

    Ambitious Enterprise Cross-Border Rail Strategic Development Plan Launched

Translink and Iarnród Éireann have launched an ambitious new strategic development plan for the Cross-border Enterprise Rail Service between Belfast

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IDA Reports Strong First Half

    IDA Reports Strong First Half

IDA Ireland, the inward investment agency of the Irish Government, has reported a very strong first half of 2018. IDA

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Building and Construction Output Increased by 7.4% in 1st Quarter 2018

    Building and Construction Output Increased by 7.4% in 1st Quarter 2018

According to the latest CSO figures, the volume of output in building and construction increased by 7.4% in the first

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We Need to Move Away From Fossil Fuels – EPA Emissions Projections Show

    We Need to Move Away From Fossil Fuels – EPA Emissions Projections Show

The latest Environmental Protection Agency (EPA) projections show that Ireland’s total greenhouse gas emissions will increase from current levels to

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Europe Needs Digital Single Market to Boost its Digital Performance

    Europe Needs Digital Single Market to Boost its Digital Performance

The European Commission has published the results of the 2018 Digital Economy and Society Index (DESI), a tool which monitors the

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Waterford Greenway Set to Become Culinary Capital of the South East

    Waterford Greenway Set to Become Culinary Capital of the South East

Fáilte Ireland has unveiled plans to make the Waterford Greenway a top culinary destination with the potential to attract more

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Productivity in Ireland

    Productivity in Ireland

A new publication, Productivity in Ireland 2016, has been published by the Central Statistics Office (CSO). This publication presents a

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Kells Tech Hub Can Play a Major Role in Regional Enterprise Development

    Kells Tech Hub Can Play a Major Role in Regional Enterprise Development

Following 24 months of research, planning and development, the new Kells Tech Hub has been officially launched. The Kells Tech

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