Manufacturing & Supply Chain

Economy

Economic growth outlook impressive despite Brexit effects

    Economic growth outlook impressive despite Brexit effects

Ibec’s new Q1 Quarterly Economic Outlook forecasts growth of 3.1% for 2017 and 2.8% in 2018. Strong improvements in consumer spending and investment are the key drivers behind this growth,

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€44m investment in early stage funding for high growth companies announced

    €44m investment in early stage funding for high growth companies announced

The Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor has announced that up to €44 million is being made available for co-investment in Seed and early stage growth companies

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Enterprise Ireland launches ‘Brexit SME Scorecard’

    Enterprise Ireland launches ‘Brexit SME Scorecard’

Enterprise Ireland has launched the ‘Brexit SME Scorecard’, a new interactive online platform which can be used by all Irish companies to self-assess their exposure to Brexit under six business

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Ibec welcomes draft EU guidelines for Brexit

    Ibec welcomes draft EU guidelines for Brexit

Ibec has stated that the draft EU guidelines for Brexit negotiations set out a constructive approach towards achieving a smooth transition to a new EU-UK relationship. The principle has been

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Brexit talks must deliver free access to UK market says IDIA

    Brexit talks must deliver free access to UK market says IDIA

The Irish Dairy Industries Association (IDIA), the Ibec group that represents the dairy sector, has called for the sector to be a key priority for the Irish government in the upcoming

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‘No return to the hard border’

    ‘No return to the hard border’

Theresa May’s letter to trigger Article 50 states that she does not want Brexit to “harm” the Republic of Ireland. The British Prime Minister has included a note on what

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New ESRI research examines sensitivity of income tax and USC revenues to changes in income

    New ESRI research examines sensitivity of income tax and USC revenues to changes in income

Income tax (including USC) is the largest individual source of tax revenue in Ireland, accounting for over 35% of the total. According to the ESRI, fluctuations in this source of

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New independence referendum backed by Scottish parliament

    New independence referendum backed by Scottish parliament

The Scottish parliament has voted to back First Minister Nicola Sturgeon’s bid to hold a new independence referendum in late 2018 or 2019. Once the terms of the UK’s exit

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Damovo announces new Dublin jobs

    Damovo announces new Dublin jobs

Technology company Damovo has announced 30 new roles at its Global Services Centre in Dublin. Recruitment is underway for the roles in project management, project co-ordinators and Avaya technical support.

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Dublin Airport named one of world’s best airports

    Dublin Airport named one of world’s best airports

Dublin Airport is one of the best 10 airports in the world, according to a new international survey based on passenger ratings. Users of the travel website eDreams have ranked

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Minister for Jobs launches VODAFONE & SIRO National Gigabit Hub Initiative

    Minister for Jobs launches VODAFONE & SIRO National Gigabit Hub Initiative

Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor has launched Vodafone and SIRO’s national Gigabit Hub Initiative, which aims to spark a digital transformation in 15 towns across Ireland.

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Air routes from Cork and Dublin to Chicago from €139

    Air routes from Cork and Dublin to Chicago from €139

Low-cost Icelandic carrier WOW air has announced new routes from Dublin and Cork to Chicago, with fares starting in July from €139 one way including taxes. WOW already operates US

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€3m investment for Sandyford business district

    €3m investment for Sandyford business district

More than €3 million is to be invested in improving Sandyford’s business district over the next five years. Funded by the 1,000 companies based across the area’s four industrial parks,

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22 Ulster Bank branches to close in Republic

    22 Ulster Bank branches to close in Republic

As part of a major restructuring of the business, Ulster Bank has announced it will close 22 of its branches in the Republic by the end of September. The restructuring

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New jobs for Dublin and Cork

    New jobs for Dublin and Cork

Ecommerce firm eShopWorld has announced it will create up to 250 new high-end jobs over the next three years. The announcement coincided with the official opening of its global headquarters

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Enterprise Ireland and Network Ireland launch roadshow for female entrepreneurs

    Enterprise Ireland and Network Ireland launch roadshow for female entrepreneurs

Enterprise Ireland and Network Ireland, in conjunction with the Local Enterprise Offices (LEOs) and the Entrepreneurs Academy, has announced the second nationwide Fuelling Ambition “Steps to Success” roadshow targeting existing

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IFA calls for an immediate ban on Brazilian meat

    IFA calls for an immediate ban on Brazilian meat

IFA President Joe Healy has called for an immediate ban on Brazilian meat imports into the EU. He said the latest revelations on the failure of Brazil to meet EU

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UK to trigger article 50 on March 29th

    UK to trigger article 50 on March 29th

British Prime Minister Theresa May will trigger article 50 of the Lisbon Treaty, the formal notification of the United Kingdom’s intention to leave the European Union, on March 29th. The

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€720m spent on Irish hotel transactions in 2016

    €720m spent on Irish hotel transactions in 2016

According to new research from Cushman & Wakefield, a record €720 million was spent on 51 hotel transactions in Ireland last year. Cushman & Wakefield, the commercial partner here of

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Increased fuel costs see inflation rise to 0.5%

    Increased fuel costs see inflation rise to 0.5%

According to the latest consumer price index (CPI), inflation has risen to its highest level in almost four years due to rising fuel costs and a pick-up in hotel and

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Dell is best place to work, says Irish employees

    Dell is best place to work, says Irish employees

Job site Indeed has compiled a list of 25 companies to feature in ‘Best Places to Work in the Private Sector in Ireland’, with tech giant Dell coming out on

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SFA says fundamental reform of social welfare needed to make work pay

    SFA says fundamental reform of social welfare needed to make work pay

The Small Firms Association (SFA) has called for a complete review of the social welfare system to ensure that work always pays more than welfare. Linda Barry, SFA Assistant Director,

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One-third of Dublin’s office stock sold in deals worth €6bn since 2013

    One-third of Dublin’s office stock sold in deals worth €6bn since 2013

A new report from Savills on Ireland’s property investment market has revealed that, since the beginning of 2013, 1.1 million sq m (11.84 million sq ft) of modern office space

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ICTU calls for action on executive salaries

    ICTU calls for action on executive salaries

A report from the Irish Congress of Trade Unions (ICTU) has found that executive pay in some Irish private companies

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Calling all Cork businesses – StartUp awards launched

    Calling all Cork businesses – StartUp awards launched

The Bank of Ireland StartUp awards 2017 were officially launched to business nationwide recently. The competition, now in its sixth year,

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Dunnes Stores takes top supermarket spot for second month

    Dunnes Stores takes top supermarket spot for second month

New figures show that for the first time, Dunnes Stores has maintained its position as the country’s biggest grocer for

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Enterprise Ireland brings 11 client companies to Texas event

    Enterprise Ireland brings 11 client companies to Texas event

Minister for Employment and Small Business Pat Breen is leading a 4-day Enterprise Ireland trade visit to the USA. The

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Job losses at Nenagh plant

    Job losses at Nenagh plant

250 employees at the Coty plant in Nenagh are to lose their jobs when the multinational company closes its business

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Operating profits at Aviva Ireland rise by 20%

    Operating profits at Aviva Ireland rise by 20%

Aviva Ireland has reported a 20% hike in operating profit for 2016 as it continues to turn around its financial

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HBAN angels invested €13.6m in 50 Irish start-ups in 2016

    HBAN angels invested €13.6m in 50 Irish start-ups in 2016

HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland, recently announced

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Irish small firms unaware of Brexit dangers

    Irish small firms unaware of Brexit dangers

Many Irish small- and medium-sized businesses are still unaware of the dangers posed to them by Brexit, according to a

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Irish economy grows 5.2% in 2016

    Irish economy grows 5.2% in 2016

Ireland’s economy grew 5.2% last year, exceeding all other euro zone countries and most official forecasts for the third successive

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Post offices to close and stamp cost to rise

    Post offices to close and stamp cost to rise

The Chief Executive of An Post, David McRedmond, has said that the cost of a national stamp is to rise

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Revenues at Betfair climb 18% in 2016

    Revenues at Betfair climb 18% in 2016

Paddy Power Betfair has reported higher revenues and operating profits for 2016 – its first full year of earnings since

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Live Register Continues to Fall

    Live Register Continues to Fall

The latest Live Register figures show a continuing fall in the numbers of people signing on. The seasonally adjusted figures

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71,647 Days Lost to Industrial Disputes in 2016

    71,647 Days Lost to Industrial Disputes in 2016

During 2016 there were 71,647 days lost to industrial disputes, according to figures released by the Central Statistics Office on

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Service Activity Continues Expanding in February

    Service Activity Continues Expanding in February

Irish service providers benefited from improving economic conditions in February, seeing further sharp rises in activity and new business and

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New Car Sales Down 21 Percent in February

    New Car Sales Down 21 Percent in February

New car registration figures released on Wednesday by Motorcheck.ie show that new car sales in February 2017 have fallen 21%

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February Cost Burdens Rise at Fastest Rate Since May 2011

    February Cost Burdens Rise at Fastest Rate Since May 2011

The rate of input cost inflation accelerated sharply in February, amid higher prices for a range of raw materials, but

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Average Hourly Total Labour Costs Rose 1.4 Percent to €25.72 in 2016

    Average Hourly Total Labour Costs Rose 1.4 Percent to €25.72 in 2016

Average weekly earnings were €716.07 in Quarter four of 2016, a rise of 0.6% from €712.02 one year earlier according

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Direct Flights Between Cork and North America Announced

    Direct Flights Between Cork and North America Announced

Cork Chamber welcomed the Norwegian Air’s Thursday announcement that it will offer direct flights between Cork Airport and Providence in Rhode

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One Third of Irish Hotels Have Changed Hands Since 2011

    One Third of Irish Hotels Have Changed Hands Since 2011

One third of Irish hotels have changed hands since 2011, according to a study from property consultants, Savills Ireland. The

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Ireland Records Lowest Annual Inflation in the Eurozone

    Ireland Records Lowest Annual Inflation in the Eurozone

Ireland’s annual inflation rate was recorded as 0.2% in January 2017, the lowest in the Euro Area which saw an inflation

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Price of Basic Metals Rises 12.1 Percent

    Price of Basic Metals Rises 12.1 Percent

The price of basic metals rose 12.1 % in January while other factory gate prices remained relatively stable, according to

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Employment Increased 3.3 Percent in 2016

    Employment Increased 3.3 Percent in 2016

There was an annual increase in employment of 65,100 (3.3%) in 2016, bringing total employment to 2,048,100, according to the

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Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

    Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

The September – December 2016 InterTradeIreland Business Monitor Report, issued on Monday, shows that 98 percent of businesses surveyed have

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Survey Reveals Pay and Conditions in Small Firms

    Survey Reveals Pay and Conditions in Small Firms

A survey on employment pay and conditions in 576 small companies employing 12,903 employees, released by the Small Firms Association on

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What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

    What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

Post written by Ian Collins, Partner at EY Ireland. Previously published on Fora.ie The burden for small firms investing in research

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European Parliament Approves Trade Agreement with Canada

    European Parliament Approves Trade Agreement with Canada

The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which aims to boost goods and services trade and investment flows, was

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Record Level of Exports in 2016

    Record Level of Exports in 2016

Exports totalled more than €116 billion in 2016, the highest annual total on record, according to preliminary figures released by the

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Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

    Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

There has been a surge in office “pre-letting” – the practice of tenants committing to lease contracts before a building

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Mean Weekly Earnings Increased by One Percent Between 2011 and 2014

    Mean Weekly Earnings Increased by One Percent Between 2011 and 2014

Both mean and median weekly earnings for all employment increased by one percent in the period 2011 to 2014, according

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Dublin Airport Passenger Numbers Up Nine Percent in January

    Dublin Airport Passenger Numbers Up Nine Percent in January

Passenger numbers at Dublin Airport increased by 9% to almost 1.9 million in January, Dublin Airport announced Tuesday. Passenger volumes to

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Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

    Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

Skillnets, the national agency responsible for funding and supporting training networks, announced on Tuesday details of a new training fund

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Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

    Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

The Government-funded, not-for-profit lender, Microfinance Ireland (MFI), supported the creation of almost 1,000 Irish jobs through loans to small business

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Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

    Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

Irish airline Ryanair reported on Monday that Q3 profits fell 8% to €95 million, as average fares fell by 17%

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Government Opens Public Consultation for National Planning Framework

    Government Opens Public Consultation for National Planning Framework

The Taoiseach and Minister Simon Coveney launched a major national consultation for the preparation of a strategic planning and development

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“Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

    “Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

“Wake up Ireland – the world has completely changed,” was the clear, warning issued by Simon McKeever, Chief Executive of

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