Business News

Revealed: Social Entrepreneurs Ireland Awards 2017 – The Finalists

20th June 2017

From over a hundred applications, through a rigorous Dragons’ Den style bootcamp, the finalists for the Social Entrepreneurs Ireland Awards 2017 can finally be revealed. Some 16 of Ireland’s entrepreneurs with an ambition for social change in Ireland will now go through to the final stages of the selection. They will pitch their projects to […]

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How Brexit will hit your pocket – and ways to help ease the pain

20th June 2017

Brexit will have a more permanent impact on Ireland than the financial crisis which rocked the country in 2008, a top economist has warned. “The shock from Brexit won’t be as deep as the 2008 financial crisis – but it will be more permanent,” said Alan Ahearne, director of the Whitaker Institute in NUI Galway, […]

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Fresh fears over plan to give EU more control over company tax

19th June 2017

The EU Commission has conceded it cannot say how much multi-national tax revenue Ireland would lose under a proposal to give Brussels more control over big company taxes. After a series of tax avoidance scandals associated with the multinationals, which has heaped pressure for change on Ireland, the policy-guiding commission has redoubled efforts to get […]

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Fresh fears over plan to give EU more control over company tax

19th June 2017

The EU Commission has conceded it cannot say how much multi-national tax revenue Ireland would lose under a proposal to give Brussels more control over big company taxes. After a series of tax avoidance scandals associated with the multinationals, which has heaped pressure for change on Ireland, the policy-guiding commission has redoubled efforts to get […]

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Irish businesses ‘will need up to €400m a year’ to offset hard Brexit

19th June 2017

Up to €400m in State and EU supports will be needed annually to allow Irish businesses to mitigate the fallout from a hard Brexit, the country’s biggest business body has argued. Ibec said funds must be provided to support firms in sectors exposed to the UK to innovate, diversify into new markets, train staff and […]

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Google to be hit with €1bn-plus EU penalty

19th June 2017

European Competition chief Margarethe Vestager is set to hit Google with a fine potentially greater than €1bn for alleged market anti-competitive practices in what will be the latest slap-down of a US tech giant by the EU. The European Commission’s decision will come after a seven-year investigation into the search engine triggered by scores of […]

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New European rules will sting unprepared small firms the hardest

16th June 2017

You’d know the General Data Protection Regulation is less than a year off. With Europe’s big regulatory stick getting closer and closer, big companies are really starting to get into gear. Nowhere is this more evident than Facebook, which has become a lightning rod in the EU for data protection issues. The company has already […]

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Impact of digitalisation to be studied

16th June 2017

A MAJOR study on the impact of the digitalisation of the manufacturing industry is being commissioned by the Government to examine the opportunities and challenges that it presents the sector. The contribution of the digital economy to the Irish economy was estimated at €12.27bn in 2015. It is estimated that this could rise to €21.4bn […]

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Banks warned over cashback mortgage deals

16th June 2017

The State’s consumer protection body has fired a warning shot across the bows of banks that use cashback deals and loyalty discounts to compete for mortgage customers. However, in a lengthy report into the sector, the Competition and Consumer Protection Commission (CCPC), which is chaired is Isolde Goggin, effectively found that banks’ difficulty repossessing homes […]

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Property loans now third of new debt for SMEs

15th June 2017

Property-related loans accounted for 30pc of total new lending to non-financial sector SMEs last year, the Central Bank has said. Lending to non-financial sector small and medium sized businesses jumped by over €1bn – or close to a third – in 2016 compared with the same period in 2015. “The main driver of the increase […]

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