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Tuesday 31 January 2023 Dublin: 8°C

# IBEC

Last year
2022
# IBEC
Tánaiste rejects Ibec suggestion that 'proof' would be required for domestic abuse paid leave
‘What is a victim supposed to do? Come in with their black eye?’ said TD Louise O’Reilly.
# rising energy
Rising cost of energy posing threat to viability of businesses, says Ibec
The lobby group says that energy prices for businesses could rise by four or five times.
# Cyber Attack
Urgent security warning issued as hackers shift ransomware attacks to small businesses
There has been a steady increase in ransomware attacks by cyber thieves in recent months.
# Economic Forecast
IBEC predicts Irish economy will grow by 4.3% this year, less than previous forecasts
The revised forecasts come as a result of the impact of rising costs and supply chain challenges across the global economy, accelerated by the Russian invasion of Ukraine.
# close contacts
Supermarkets and hauliers struggling with 'higher than normal' rates of staff shortages
Amid industry pressure, the Taoiseach said NPHET will keep the isolation period for close contacts under review.
All time
# Climate Change
Ibec boss warned Taoiseach that climate budget could cost economy €7.8bn a year
A move to include emissions from land usage in the budgets would ‘totally undermine the viability’ of the agri-food industry, CEO Danny McCoy wrote.
# Brexit
Brexit is fuelling a boom in cross-border trade. But why? And what does it mean for the island?
“There’s a whole cohort of Great British businesses going, ‘Do you know what? We can’t be arsed sending goods to Northern Ireland.’”
In the year to September, the value of imports to the Republic from the North grew by 60% to almost €2.6 billion.
The value of goods going the opposite direction rose by almost 50% over the same period last year to €2.8 billion.
The changes have been born of necessity rather than politics or questions of identity, Ian Curran writes.
# price pressures
From used cars to a loaf of bread, inflation bites Irish businesses and consumers
Irish used car prices have increased by 40% in the year to the end of June
# Cyber Security
Major investment and increase in staff at National Cyber Security Centre
An increase in the NCSC will see it rise by €2.5m for 2022.
# Irish Businesses
Irish businesses start preparations to return to the workplace, says Ibec
78% of businesses who responded are planning on returning to the workplace by September.
# Living With Covid
'Uncertainty and irritation': IBEC chief Danny McCoy takes aim at NPHET members over communications
IBEC has called for an early exit from Level 5 for retailers.
# IBEC
'Turbocharged by Covid': Savings by Irish households jump to nearly €10 billion
The business lobbying group forecasts a drop in Irish GDP by 2.6% in 2020.
# budget submission
Twin threats of Covid-19 and Brexit mean the economy is 'not yet ready to carry itself', Ibec warns
Ibec outlined measures it sees as central to supporting businesses and the economy over the coming year.
# july stimulus
Ibec warns that significant number of businesses will fold this year unless there is 'dramatic intervention'
The draft programme for government has promised a July stimulus, and Ibec says urgent supports are needed for SMEs.
# Unemployment
Ibec warns of the 'sharpest compression of economic activity in living memory'
The business lobbying group forecasts Irish unemployment to level off at 16% and GDP to contract by 11% for the year.
# Covid-19
Handshakes and sharing cups banned: How Irish businesses will operate once they reopen
The HSA can order a business to shut down operations if it doesn’t comply with the measures.
# Liquidity
€1bn worth of supports announced for businesses, with a push to get companies to sell online
The supports aim to help with liquidity issues experienced by businesses.
# Welfare Payments
Top up scheme for employers to pay €203 to laid-off workers and receive State refund approved by government
This scheme allows employers to pay workers €203 a week and receive a refund from the State.
# Coronavirus
ICTU says employers should pay staff who are directed to self-isolate because of Covid-19
The organisation says there has been “considerable public debate” on the issue in recent days.
# retail and services
Spending might be up over Christmas, but Irish retailers are still facing challenges
Increased trade doesn’t quite match economic growth, as consumers habits continue to evolve.
# policy and economy
Ireland's economic squeeze: could staff shortages stifle growth?
The economy is still growing, but it is slowing down as capacity constraints limit expansion.
# Job Losses
Irish businesses 'will need €1.5bn' to prevent job losses if there is a no-deal Brexit
Many firms face collapse if supports are not urgently put in place, Ibec has warned.
# Economy
Ireland's economy is set to keep growing next year, but could be seriously hit by a no-deal Brexit
Ibec states that the economy is set to grow by 4% this year.
# climate action
Decision to halt Climate Emergency Bill described as 'utter hypocrisy' on side of the Government
Organisations including Ibec and the Irish Offshore Operators’ Association (IOOA) have welcomed the Government’s decision.
# Mayday
'No deal’ Brexit would have 'devastating economic consequences' in Ireland
Such a scenario would have a huge impact on the all-island economy, business groups have warned.
# brickies
'Thousands of non-national construction workers will be needed to meet housing targets' - Ibec
Ibec says there are not enough skilled workers here to meet demand.
# Tax Take
The Government has recorded its first budget surplus since 2006
The Exchequer received more than €55 billion last year.
# height restrictions
Draft guidelines on urban development 'facilitate developers at expense of public'
The issue of height restrictions often comes up when discussing urban sprawl.
# Hot stuff
Ibec paints glowing picture of Irish economy but warns we've 'a lot to lose' from Trump tariffs
The business group says that Ireland is in a “post-recovery stage”.
# policy and economy
Here are Ireland's most active business lobbyists
Nearly 10,000 returns were submitted to the Register of Lobbying last year.
# Your Say
Poll: Do you have more disposable income than five years ago?
Disposable incomes in Ireland are growing at over four times the eurozone average, according to Ibec.
# Recovery
'More sustainable than the boom': Business group hails Ireland's 'exceptional' economy
Ibec says we have now exited the “recovery” period.
# Thrifty
Irish households to spend an average of €2,654 in the run up to Christmas
Retail Ireland said that cross-border shopping and online shopping from foreign retailers is a big worry for Irish outlets this year.
# closing the gap
Irish employers to back 'comprehensive gender pay reporting'
Ibec says it supports the introduction of new reporting measures, akin to similar structures already in place in Australia.
# Ransomware
Ibec calls for more funding to protect businesses following cyber attack
The call comes after a global ransomware attack on Friday which targeted businesses and state services across the world.
# Retail
Retail Ireland's new head wants to convince people that jobs in shops aren't just for students
BWG Foods boss Willie O’Byrne was appointed to the role earlier this week.
# cvs at the ready
Business group predicts 'exceptional job surge' with 50,000 new roles this year
A separate survey from EY said that income tax is the biggest burden for business owners.
# Offline
This is the county with the worst broadband access in Ireland
Just over a third of the premises in Roscommon have access to high-speed broadband.
# shock and awe
Tesco is 'shocked' at unions suggesting that members 'shop with their conscience'
‘Indefinite’ industrial action is due to begin at some Tesco stores from Tuesday 14 February.
# priced out
'It has never been a better time to be an Irish shopper': Retailers struggle as prices fall
Retail Ireland said many shops had been hit by competition from UK based online retailers and cross border trade.