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Irish services industry growth hits slowest rate since 2014

August 04th 2016

Growth in the Irish services industry fell to its lowest rate since February 2014 as the fallout from Brexit continues to take its toll, new research has shown. According to the Investec Purchasing Managers’ Index (PMI), a slight weakening was reported for a second successive month in new business. However, the index points out that […]

Government must assist job creation says ISME

August 03rd 2016

The Irish Small and Medium Enterprises Association (ISME) has today called for an increased focus on the reduction of business costs to allow SMEs the capacity to employ more. This comes after the latest figures from the CSO show that the standardised unemployment rate has remained at 7.8% for the third month, with 169,100 people […]

Irish businesses reeling and many jobs at risk warns Ibec

August 02nd 2016

Ibec have today warned that a decisive and immediate national response to the Brexit “currency shock” is currently needed. The group has warned that the brexit has left many key export businesses reeling with jobs already under threat. The warning from the country’s main business organisation comes as a new survey highlights the intense currency […]

800 people are released from bankruptcy due to new law

July 29th 2016

Hundreds of people are set to be released from bankruptcy today. The end of bankruptcy for almost 800 people comes after changes to the law that reduced the bankruptcy period from three years to one year. That change came in at the start of year. Those being released from bankruptcy today had already been in […]

Dublin moves fast to lure financial jobs from UK after Brexit vote

July 28th 2016

Irish recruiters are already filling jobs for financial services firms which are shifting some operations from the United Kingdom, with Dublin moving fast to steal a march on rivals just a month after Britons voted to leave the European Union. While France has begun courting bankers with new tax breaks for expatriates and Frankfurt, Amsterdam […]

New lending to SMEs up 38 per cent versus early 2014

July 25th 2016

New lending to small and medium-sized businesses rose by 4.8 per cent in the first quarter versus the same period a year earlier, and is up 38 per cent compared with the first three months of 2014. Central Bank statistics show the lending market for SMEs remains highly concentrated, however, with three banks accounting for […]

Enterprise Ireland on post-Brexit trade blitz

July 22nd 2016

Enterprise Ireland has beefed up the number of international trade missions for the remainder of its year in the wake of Brexit, with 26 ministerial-led trips set to take place. The full programme of events – 68 in total – includes ministerial-led trade missions, inward buyer visits, market study visits, international trade fairs, embassy events […]

Minimum wage rise will add to pressures on retail sector

July 20th 2016

Retail Ireland yesterday expressed disappointment at the recommendation by the Low Pay Commission to further increase the National Minimum Wage (NMW) following a 6% rise at the start of this year. The group claim any further increase will only increase pressure on Irish retailers at a time of great uncertainty. Retail Ireland Director, Thomas Burke says, […]

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