Business News

Dozens of firms take up Brexit grant offer

27th September 2017

Around three exporting companies a week on average have been approved for a state-backed Brexit-ready grant since June. The Be Prepared Grant rolled out by Enterprise Ireland (EI) provides firms with up to €5,000 to get themselves in shape to deal with any potential fallout from the UK’s EU exit. It was launched in June, […]

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EU plan to raise tax on digital firms ‘may hurt investment’

27th September 2017

EUROPEAN Commission plans to increase taxes on digital firms risk undermining growth and could stifle global efforts to find common solutions to tax issue, US companies operating in the EU said yesterday. The comments echo the Irish Government’s position, which is opposed to the proposals that would see some online companies with little or no […]

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Renters paying twice as much as mortgage holders

26th September 2017

In some Dublin areas it has become twice as expensive to rent as it is to buy, and renters are moving back in with their parents in increasing numbers in a move to try get on the property ladder. Average rents across Ireland rose 2.8pc in the last quarter and are now €1,017.15. In comparison, […]

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Young drivers warned of risks of being ‘untruthful’ to insurers

26th September 2017

Large numbers of young drivers have been accused of being untruthful to their insurers. According to a new study, motorists are not being open about who is the primary driver of the car or about their profession. The survey commissioned by Liberty Insurance also found eight out of 10 drivers of all ages believe that […]

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Fast-track planning for data centres

26th September 2017

Tech giants will be able to get fast-track planning permission for data centres under processes being developed by the Department of Enterprise. The Government is devising laws to prevent a repeat of the controversy that had led to severe delays to a proposed €850m project in Athenry, Co Galway. Apple has reportedly warned officials the […]

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More than 120 jobs announced for Dundalk

20th September 2017

An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD joined Bill Graebel, CEO of Graebel Companies, to announce the creation of 125 new jobs at Graebel Companies in Dundalk. The announcement was made at the opening of the company’s Europe Middle East and Africa (EMEA) financial shared services and operations centre in […]

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Hiring and staff retention top issues for life science firms

20th September 2017

Attracting and retaining talent, as well as reform of the personal tax system, are the biggest challenges facing Ireland’s life sciences sector, according to new research from global executive search firm Accreate. Of the 350 leaders of life science businesses in Ireland that took part in the survey, 84pc said that attracting and retaining talent […]

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Two new towns ‘rent pressure zones’ as costs soar 6.6pc

20th September 2017

Two new towns have been designated rent pressure zones as the average cost rose by 6.6pc in the year to June. The Residential Tenancies Board said that the national average rent stood at €1,017 per month, up €63 from the same period last year. Rents in Dublin grew by 3.3pc in the second three months […]

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Developing Green Finance sector a ‘priority’ for Ireland – Minister

19th September 2017

Brexit should be considered an opportunity for Ireland to establish itself as a leading hub for Green Finance in partnership with Britain, Mr. Michael D’Arcy TD, Minister for Financial Services, has said. Speaking that a Green Finance dinner at the Irish embassy in London last night Minister D’Arcy said that increased cross-border collaboration can cement […]

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Almost one quarter of Irish firms will be forced to close if subject to GDPR fines – survey

14th September 2017

Close to one quarter of Irish firms would be forced to pull down their shutters if handed fines for non-compliance to the new EU General Data Protection Regulation (GDPR). Data Protection Commissioner Helen Dixon has stated that her office will use their power, under the impending GDPR, to issue fines of up to €20m or […]

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