Home grown business drives success of Irish economy – ESRI

While foreign multinationals make a valuable contribution, the success of the Irish economy “now depends very heavily on the progress of domestic business”, a study by the Economic and Social Research Institute (ESRI) has concluded. In a research paper entitled Understanding recent trends in the Irish economy, economist John FitzGerald suggests that the economy here grew by about 5 per cent a year between 2013 [...]

June 29th, 2020|

Almost no insurance claims paid out under business interruption cover

Almost no Irish businesses have been paid out on business interruption insurance claims since the Covid-19 lockdown, according to a survey by lobby group the Alliance for Insurance Reform. A third of businesses have made a claim with their insurer and almost two-thirds of those claims have been rejected, according to a survey of 2,095 businesses carried out among between May 29th and June 7th. [...]

June 8th, 2020|

Dublin drops out of top 50 in ranking of best cities for start-ups

The Republic of Ireland has fallen four places to 18th spot in an international ranking of the best countries for start-ups, with Dublin dropping out of the top 50 cities. The rankings were compiled by using algorithms that analyse thousands of data points on early-stage companies, accelerators and co-working spaces to rank 1,000 cities and 100 countries in terms of their start-up ecosystems. According to the [...]

June 2nd, 2020|

Ibec calls for a €15bn boost in State supports for struggling business

Ibec says the Government needs to step up its pandemic budget plans and to develop more a more ambitious long-term investment plan and social contract. The call came as Ireland faced its second major economic crisis in less than a decade and one that could leave a long shadow of shuttered businesses and workers without jobs due to the impact of the coronavirus lockdown. "While [...]

May 13th, 2020|

Emergency loan supports for small firms are too slow and difficult to access

THE Government's emergency loan supports for small firms are too slow and difficult to access and should not be channelled only through pillar banks. Figures show only an €11m drawdown to 56 firms from the Government's initial €200m pool of emergency capital to small and medium-sized enterprises (SMEs). The Covid-19 Working Capital Scheme, launched on March 10, allows SMEs to seek loans of up to [...]

May 8th, 2020|

SMEs fear closures will be widespread without State help

Half of the small and medium-sized enterprises (SMEs) in a new survey say that they will last less than six months as going concerns due to the Covid-19 lockdown. Details of the survey by representative body Isme come as concerns mount that a lack of liquidity will sink many businesses even if they have availed of existing Government Covid-19 supports. "The absence of liquidity will [...]

April 16th, 2020|

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