Innovative policies can further catalyse recovery of Experience Economy – Ibec

The Experience Economy is the linchpin of the domestic business model, spending millions in wages, salaries and employment taxes In 2019, the St Patrick’s Festival was worth €73 million to the Irish economy Industry warns that legacy effects of Covid still being felt despite easing of restrictions As communities across the country get ready to […]

Existing mortgage lending measures outdated and in need of reform – PII

Property Industry Ireland (PII), the Ibec group that represents the property and construction sector, has said that existing mortgage measures in Ireland are outdated and need to be amended to reflect new economic realities. The call comes as PII publishes its submission to the Central Bank’s review of macroprudential mortgage measures (see attached). Existing mortgage […]

July Stimulus is a timely confidence and investment boost – Ibec

Ibec, the group that represents Irish business, has strongly welcomed the July Stimulus package announced from Government today, the largest single economic stimulus in the history of the State.  Ibec CEO Danny McCoy said: “On behalf of the Irish business community, today’s stimulus package of increased public spending, investment and tax supports is a welcome and important step in rebooting the economy. Government has taken […]

Just half of businesses understand the Circular Economy – Ibec survey

Just one in two businesses (51%) understand what is meant by the Circular Economy, with only 39% aware of EU initiatives to drive sustainable change, according to a survey conducted by Ibec in association with the Environmental Protection Agency (EPA). More encouragingly, half the respondents (49%) acknowledged that moving to a more circular economy presents […]

Average households to spend over €2,690 in shops this Christmas

Retail Ireland, the Ibec group that represents the sector, today published its Christmas Retail Monitor 2018 (see attached pdf) that predicts the Irish household will spend an average of €2,690 in shops this December, approximately €866 more than any other month of this year and roughly 3% more than Christmas 2017.   The monitor predicts […]

Ibec Brexit Survey: Contingency Planning Accelerates As Negotiations Intensify

Ibec, the group that represents Irish business, will  launch the results of a major new Brexit survey with Minister for Foreign Affairs and Trade Simon Coveney at the All-island Civic Dialogue in Dundalk. The survey shows that a large majority of companies are now actively engaged in Brexit planning, despite the massive uncertainties that remain.  Over one […]

Ibec welcomes Project Ireland 2040

Business heralds Project Ireland 2040 as a new era for ambition and investment for the Irish economy and society   Ibec, the group which represents Irish business, has today welcomed the announcement of Project Ireland 2040, comprising of the National Development Plan and the National Planning Framework.   Ibec CEO, Danny McCoy, said: “The launch […]

Ibec Quarterly Economic Outlook Forecasts Growth In 2018

Ibec, the group that represents Irish business, today published its latest Quarterly Economic Outlook (attached), which forecasts growth of 4.8% for 2017, and 3.9% in 2018. This growth is being driven by a buoyant labour market, with figures showing total household disposable income increasing sharply. It warned, however, that the risk of our growth being derailed […]

European Investment Bank Unveils EUR 300m Irish Company Lending Programme

Companies across Ireland will benefit from a new EUR 300 million long-term lending programme announced by the European Investment Bank (EIB) in Dublin earlier today. The new company financing scheme marks the first ever direct lending by the European Investment Bank to Irish midcap firms.  New cooperation with Ibec was also formally agreed that will […]

Ibec Welcomes Increase In Number Of Lleaving Certificate StudentsTaking Hhigher Level Mathematics

Ibec welcomes increase in number of leaving certificate students taking higher level mathematics Government should incentivise key subjects and move towards inquiry and experiential based learning to match skills to business needs Ibec, the group that represents Irish business, has welcomed the continued increase in the number of leaving certificate students taking higher level mathematics […]

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