The Irish economy
Printed From: You Boys in Green
Category: Other Forums
Forum Name: Whatever!
Forum Description: Anything else going on
URL: https://forum.ybig.ie/forum_posts.asp?TID=19768
Printed Date: 29 Apr 2024 at 6:50am
Software Version: Web Wiz Forums 12.00 - http://www.webwizforums.com
Topic: The Irish economy
Posted By: Honey Monster
Subject: The Irish economy
Date Posted: 30 Jun 2010 at 8:19pm
|
One story i read on RTE.e says stats from the first 3 months of the year show we're coming out of the recession while another story on the site says that the unemployement rate has increased.
Tell me, do yous think things back home are getting better, still the same or even getting worse?
|
Replies:
Posted By: bannedscientist
Date Posted: 30 Jun 2010 at 8:32pm
| worse! |
Posted By: Sligo Hornet
Date Posted: 01 Jul 2010 at 1:08am
|
Not anything like good news..........as stated, unemployment will continue to rise, and if/when Eurozone slips back into recession, things will continue to get worse..........no light at the end of this long tunnel yet
http://news.bbc.co.uk/1/hi/business/10460207.stm - http://news.bbc.co.uk/1/hi/business/10460207.stm ------------- Wallet ?? What the fcuk is that ? |
Posted By: Claret Murph
Date Posted: 01 Jul 2010 at 1:13am
|
Nothing beats positive morning posts . I do think things are picking up as last year was bitter thou.
As always keep an eye on the States . ------------- Lansdowne Road debut aged 52 and 201 days . |
Posted By: samscafe
Date Posted: 01 Jul 2010 at 2:25am
|
The global economy will grow by 9%-12% driven mainly by output from China and India. If you want to grow you need to be able to hang on to these guys and get exporting. ------------- Certain mods are complete wankstains |
Posted By: Gaz
Date Posted: 01 Jul 2010 at 3:15am
|
the fall in the Euro has and will continue to help our exports as we export a lot to the UK and the States. This should continue to improve things but by no means out of the sh1t yet.. ------------- I dont email the count anymore, its been 9 months : ( He even sent me a YBIG scarf for my Birthday |
Posted By: RogerMilla
Date Posted: 01 Jul 2010 at 3:25am
|
ireland is far from out of the sh1t, but this is still a great sign ------------- The first time the Devil made me do it. The second time I did it on my own. |
Posted By: Trap junior
Date Posted: 01 Jul 2010 at 3:51am
|
Alot of propaganda driven by journos/economists under the thumb of Fianna Fail. We are f**ked for the next decade.
On a lighter note anyone for tennis? ------------- Pied Piper to: Baldrick, Brendan 88, 9Fingers, Borussia and more... 97.6% chance this post will be replied to by Baldrick (source: PWC) |
Posted By: Gary McKay
Date Posted: 01 Jul 2010 at 4:02am
Exactly.
How can these fools say we are coming out of recession when those idiots couldnt even predict the recession in the first place and most denied it was happening for 6/9 months.
Idiots.
------------- "Smalling and Jones.... have the potential to be the PL’s best ever pairing in my opinion." - SlurAlex |
Trap junior wrote:Posted By: Chopper 76
Date Posted: 01 Jul 2010 at 4:31am
out of recession my arse what a load of Fianna Failed propaganda crap, were fecked for the foreseeable future, I cant wait to see them ****s out of government.
|
Posted By: FiremanDan
Date Posted: 01 Jul 2010 at 4:55am
|
The recent growth was almost exclusively down to exports driven by foreign companies who also export their profits so I believe that when adjusted the economy actually shrank by a very small amount in that time. So I feel it's a false dawn.
I'm not an economist but in my simplistic take on this we have been totally hamstrung by the banks in my opinion. If they had behaved prudently I reckon we would have gotten the "soft landing" some were hoping for. Nobody denies a corporate body being ambitious and driven by profit but these guys were careless. If we were not now bankrolling these banks the economy would be in far better shape and there would be more money for the indigenous industries to borrow and to expand which is where the economy will truly thrive. Relying on non-national companies to drive the economy is false as they can (and will) pull out with no warning. ------------- Sean Og O Hailpin.... his father's from Fermanagh, his mother's from Fiji, neither a hurling stronghold." |
Posted By: FREEWHEELER
Date Posted: 01 Jul 2010 at 5:41am
|
You're never coming back anyhow HM, so your thread doesn't really matter.
We're a long way from being outa the sh*t that's for sure. ------------- We'll never die, we'll never die, we'll keep the Green Flag flying high......Shamrock Rovers will never die, we'll keep the Green Flag Flying high. 19 Leagues and 25 Cups..... |
Posted By: BigPodge
Date Posted: 01 Jul 2010 at 6:00am
Story on RTE.ie yesterday sayin somethin like 6000 added to the live register last month!!  ------------- 
|
Posted By: Vivakenbarlow
Date Posted: 01 Jul 2010 at 6:00am
|
2 redundancies every 5 minutes last month apparently ------------- It took City 44 years to win the league and 10 months to lose it |
Posted By: Newryrep
Date Posted: 01 Jul 2010 at 7:30am
|
unemployment always lags behind a recovery, having said that not much light on the horizon for the next year or 2 imo ------------- 'Irish' Songs for an Irish team - no SPL EPL generic sh*te Richard Dunne - 6th Sept 11 - best marshalling of a defence in Moscow since General Zukov Russia V Germany 1941 |
Posted By: WindBag
Date Posted: 01 Jul 2010 at 7:46am
|
To be honest HM, I have less in my pocket now than 6months ago and its only gonna get worse. I thought I was gonna get through recession with little impact but facing upto redundancies now in my place of work (you know which one !) and some new fookin property tax comin in and I only bought me gaff last year!! We are not coming out of recession, couple of lads on this forum have only become unemployed in last few days aswell
|
Posted By: deisedevil
Date Posted: 01 Jul 2010 at 7:57am
|
I find this report sickening, this country is a long way from being out of recession, i saw some dumb bitch on rte last night saying that her husband had gone from a three day week back to full time so everything was grand now, as someone who has had to make 20 people redundant in the last few months i think the bubble heads who are running this country are so far removed form reality its shocking, the Dail has spent most of the week talking about the rights of animals and opposition parties using it as a political football just shows the weakness of the majority of policticans in this coutry. I was only last night reading about this venture in Athlone to bring 10000 jobs to the area by providing a European hub for Chinese companies(link below). These are the things that should be headlines on our news and be discussed in the Dail not weather its ok to chase bambi around the country side. http://www.independent.ie/national-news/welcome-to-lovely-athlone-the-bustling-new-beijingonshannon-2229548.html - http://www.independent.ie/national-news/welcome-to-lovely-athlone-the-bustling-new-beijingonshannon-2229548.html rant over |
Posted By: Chopper 76
Date Posted: 01 Jul 2010 at 8:01am
| Its not going to happen Deise why would the chinks pick a priest infested backwater on the edge of europe to have a HQ ? it will go to somewhere more central in Europe. |
Posted By: deisedevil
Date Posted: 01 Jul 2010 at 8:09am
thats the attitude to have chopper we need more people with your positivity in this country, is obvious that you have a drive for good ideas and putting our country out there, maybe you should get a job working for the IDA or Discover Ireland, ya bellend  |
Posted By: Chopper 76
Date Posted: 01 Jul 2010 at 12:34pm
| Fdi is not what we need deise they can pull the plug when they feel like it. Do you not think it would be better if there was more effort in supporting small / medium enterprises than encouraging the chinks to set up shop? I thought we would be too expensive to do business in conpared to east europe ? Oh i wouldn't mind working for IDA do they finish at 5? |
Posted By: Saint Tom
Date Posted: 01 Jul 2010 at 3:33pm
we have the lowest corporation tax in europe which makes ireland still attractive for foreign investment, and the cost base is decreasing. so i dont see why we wouldnt be considered. plus as always, the fact we speak english as a native language is a big advantage, with a relatively high level of education all round ------------- My destination inchicore my next stop being kilmainham Where patriots and super saints are the topics of conversation |
Posted By: Trap junior
Date Posted: 01 Jul 2010 at 3:34pm
I think this forum disproves that fact  ------------- Pied Piper to: Baldrick, Brendan 88, 9Fingers, Borussia and more... 97.6% chance this post will be replied to by Baldrick (source: PWC) |
Posted By: Saint Tom
Date Posted: 01 Jul 2010 at 3:35pm
|
exports and primary/secondary industries will create new wealth, services just pass the same money around. ------------- My destination inchicore my next stop being kilmainham Where patriots and super saints are the topics of conversation |
Posted By: Shoco
Date Posted: 01 Jul 2010 at 3:35pm
|
the unemployment increase may be due to students finishing college as opposed to people losing their jobs?
-------------  YOUR 3 IN A ROW LEAGUE CHAMPIONS |
Posted By: Honey Monster
Date Posted: 01 Jul 2010 at 8:48pm
Very true Shoco, seasonal unemployment I believe is the name…..i did economics for the Leaving! So, things at the moment seem pretty much the same; ie muck BUT there may be some light at the end of the tunnel soon please god. Interesting. |
Posted By: deisedevil
Date Posted: 02 Jul 2010 at 2:50am
| http://www.rte.ie/news/2010/0702/insolvency.html - http://www.rte.ie/news/2010/0702/insolvency.html |
Posted By: seanyshuffler
Date Posted: 12 May 2013 at 10:52pm
| http://www.irishtimes.com/business/sectors/financial-services/no-desks-no-staff-no-tax-ireland-s-shadow-banks-1.1388923" rel="nofollow - http://www.irishtimes.com/business/sectors/financial-services/no-desks-no-staff-no-tax-ireland-s-shadow-banks-1.1388923 |
Posted By: Bob Hoskins
Date Posted: 13 May 2013 at 5:26pm
|
Read that at the weekend. The debate on whether we should be considered a tax haven was interesting. ------------- Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government. |
Posted By: David McWilliams
Date Posted: 13 May 2013 at 6:40pm
Ah jaysus what ever happened to this?
|
Posted By: Hoosay
Date Posted: 13 May 2013 at 7:03pm
|
Posted By: athlonecelt
Date Posted: 13 May 2013 at 9:12pm
| Its by no means a certainty to happen. They had a really positive meeting about it last month in China. They were trying to sell this to the major companies to invest in. Its decision time now for those companies. We'll soon see. |
Posted By: seanyshuffler
Date Posted: 20 May 2013 at 8:36pm
| Piece on prime time tonight about Ireland being a tax haven |
Posted By: corkery
Date Posted: 20 May 2013 at 10:03pm
It is with regard to Corporation Tax and Business. The EU and the G8 want it to change, a rake of jobs rely on us being a haven though. ------------- 'The younger generation as in 17 -25 are certainly gayer than their predecessors. I think they may cause the extinction of the human race with their activities.'- Baldrick |
Posted By: seanyshuffler
Date Posted: 27 Jun 2013 at 12:05pm
| According to latest data we are "officially" back in a recession. |
Posted By: RogerMilla
Date Posted: 27 Jun 2013 at 12:07pm
balls  ------------- The first time the Devil made me do it. The second time I did it on my own. |
Posted By: darmack
Date Posted: 27 Jun 2013 at 12:46pm
|
Didn't even know we left the last one. So is that 3 recessions in 5 years? ------------- The dark side.. And the light |
Posted By: colemanY2K
Date Posted: 27 Jun 2013 at 1:01pm
|
So is this what they call a "triple" dip recession? ------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: RogerMilla
Date Posted: 27 Jun 2013 at 1:03pm
i think we are going for the record held by mexico ------------- The first time the Devil made me do it. The second time I did it on my own. |
Posted By: seanyshuffler
Date Posted: 27 Jun 2013 at 1:18pm
| GDP is down but GNP is up. I suppose GNP is a better indicator for Ireland. I wonder are all the MNC not shipping out their profits in the last quarter? |
Posted By: corkery
Date Posted: 27 Jun 2013 at 2:51pm
|
They'll have to give that tax cut to get more spending. ------------- 'The younger generation as in 17 -25 are certainly gayer than their predecessors. I think they may cause the extinction of the human race with their activities.'- Baldrick |
Posted By: Baldrick
Date Posted: 27 Jun 2013 at 3:15pm
Yeah the term recession is a technical economic term but gets bandied about by the media and the general public to describe a time when people feel poorer than they did previously. High unemployment, slow growth etc. However technically countries are not in recession for that every long usually. We came out of it pretty quickly in relative terms but the cuts in the budget and increases to tax mean the technical aspects of it mean very little to the people on the streets. ------------- AKA pedantic kunt |
Posted By: Baldrick
Date Posted: 27 Jun 2013 at 3:16pm
Or spend more themselves on infrastructural projects that are badly needed. ------------- AKA pedantic kunt |
Posted By: colemanY2K
Date Posted: 27 Jun 2013 at 3:30pm
That's what the UK Government have announced this week, however they also announced savage cuts to the various departments. Interesting to see if we'll follow suit to kick start the economy. ------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: Gary McKay
Date Posted: 27 Jun 2013 at 4:04pm
|
We the people are to blame for this one. Spending money willy nilly during the recent sunny spell. |
Posted By: seanyshuffler
Date Posted: 15 Jul 2013 at 9:13pm
|
Didn't see the need for a new thread. China's economic growth slowed down again. http://www.bbc.co.uk/news/business-23310975" rel="nofollow - http://www.bbc.co.uk/news/business-23310975
|
Posted By: Honey Monster
Date Posted: 16 Jul 2013 at 6:58am
Yep, and this has and continue to have a massive knock on
effect on the Oz economy. Exchange rate going to sh1t as well as result of this
and the US economy. It’s time to come home for good at Chrimbo me thinks! Sure we’re grand now aren’t we? More job and more sun ------------- 753 |
Posted By: 9fingers
Date Posted: 16 Jul 2013 at 7:23am
I've always said it, there's space out there for those that want to sunbathe. It's the ****s sittin at home givin out that it's too hot that have this country on its knees. |
Posted By: Gaz
Date Posted: 16 Jul 2013 at 10:35am
Havent looked at the exchange rate in ages. Still have a bank account open over the with a fair bit of coin in it. Fookin gutted  ------------- I dont email the count anymore, its been 9 months : ( He even sent me a YBIG scarf for my Birthday |
Posted By: nvidic
Date Posted: 16 Jul 2013 at 10:54am
What most countries would give for 7.5% growth |
Posted By: EastStandMan
Date Posted: 16 Jul 2013 at 11:42am
|
Max Keiser has a thrice weekly show on RT and gives a good account of the world economy . Been talking of late re our problems over here in pixi land . Seems genuinely surprised we are not tearing up the place cos of the banksters . A guest of his on last week was saying re aib and their 20 billion shortfall which will ensure we will need another bail out . One huge global organised rip off which makes the mafia look like kiddies stealing an ice pop . ------------- Shamrock Rovers - lovin the buzz . |
Posted By: erimus
Date Posted: 19 Sep 2013 at 12:29pm
|
The Recession Is over Party Time ------------- This is our f**king country we're talking about - Keano ROLL ON 2016 |
Posted By: AntrimMan
Date Posted: 19 Sep 2013 at 12:31pm
Cocaine and hookers for everyone  ------------- @AntrimMan85 |
Posted By: erimus
Date Posted: 19 Sep 2013 at 12:31pm
|
We'll all be rich, rich as nazi's i tell ye ------------- This is our f**king country we're talking about - Keano ROLL ON 2016 |
Posted By: colemanY2K
Date Posted: 19 Sep 2013 at 12:57pm
|
I'm coming home! ------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: Baldrick
Date Posted: 19 Sep 2013 at 1:16pm
|
That did not last long 6 months or 2 quarters. Only 0.4 of growth. ------------- AKA pedantic kunt |
Posted By: Salzburglilly
Date Posted: 19 Sep 2013 at 1:49pm
+ 1  ------------- Nathan Collins - The best Kildare baller since Johnny Doyle! |
Posted By: Sham157
Date Posted: 19 Sep 2013 at 3:04pm
Heading out foreign right now, think I might buy a few apartments when I'm there. Can't wait to start applying for Credit Cards and receiving pre approved loan letters again
|
Posted By: Sham157
Date Posted: 19 Sep 2013 at 3:06pm
Guess Who's back? |
Posted By: Cabra Hoop
Date Posted: 19 Sep 2013 at 3:08pm
|
Can't get a bouncy castle for love nor money. Feel terrible letting my little one down, after all she did get 6 out of 10 in her spelling test.
Surely she's entitled to a bouncy castle for the weekend after her marvellous achievement. ------------- " BFC always gives me a laugh........ " |
Posted By: AntrimMan
Date Posted: 19 Sep 2013 at 3:09pm
She is surely but would the shopping trip to New York not do the job. No? ------------- @AntrimMan85 |
Posted By: Sham157
Date Posted: 19 Sep 2013 at 3:17pm
|
Posted By: Sligo Hornet
Date Posted: 19 Sep 2013 at 3:23pm
CH......get a pre approved loan and buy a factory that makes the Bouncy Castles ------------- Wallet ?? What the fcuk is that ? |
Posted By: erimus
Date Posted: 19 Sep 2013 at 3:26pm
Its Party Time ------------- This is our f**king country we're talking about - Keano ROLL ON 2016 |
Posted By: Bob Hoskins
Date Posted: 19 Sep 2013 at 3:31pm
|
I wonder how bad the country would be if the 500,000 people (or whatever the crazily high figure for people that left) were still here. No doubt the governemnt will be milking this for all it's worth. ------------- Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government. |
Posted By: Bob Hoskins
Date Posted: 19 Sep 2013 at 3:32pm
ps. no more bags of glue for me it's cocaine time again ------------- Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government. |
Posted By: colemanY2K
Date Posted: 19 Sep 2013 at 3:35pm
------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: Cabra Hoop
Date Posted: 19 Sep 2013 at 3:48pm
|
"Morgan, turn on the heating.............." ------------- " BFC always gives me a laugh........ " |
Posted By: Cabra Hoop
Date Posted: 19 Sep 2013 at 3:53pm
|
Sorted the Bouncy Castle problem - Instead i'm going to throw her a pamper party for her and 20 of her friends. Oh managed to get my hands on a pair of ID tickets as well, only a grand on ebay. They'll do for pass the parcel prizes. ------------- " BFC always gives me a laugh........ " |
Posted By: erimus
Date Posted: 19 Sep 2013 at 3:55pm
 ------------- This is our f**king country we're talking about - Keano ROLL ON 2016 |
Posted By: Sham157
Date Posted: 19 Sep 2013 at 6:52pm
Ooh Cabra.... |
Posted By: deise316
Date Posted: 19 Sep 2013 at 7:19pm
|
Great news for the Dubs, another 4 years or so should do the trick around these parts. ------------- Picked the wrong week to quit sniffing glue..... |
Posted By: Sligo Hornet
Date Posted: 19 Sep 2013 at 7:30pm
|
Now the "Tiger" has returned can someone rent an aircraft and pick me up from Scumtown Airport on 10th October... should the German Air Traffic strike go ahead?...... oh and make sure there is a rake of beer on board too Thanks ------------- Wallet ?? What the fcuk is that ? |
Posted By: deisedevil
Date Posted: 19 Sep 2013 at 7:48pm
No |
Posted By: Honey Monster
Date Posted: 20 Sep 2013 at 8:01am
Wiping our ar5es with 5 euro notes again.....Perfect time to be coming back home so  ------------- 753 |
Posted By: WindBag
Date Posted: 20 Sep 2013 at 8:35am
|
Sounds great lads....does this mean everyone loves AIB again and no one is listening to mcwilliams and FF are on rise? Deffo out of rcession then On a serious note wait for da great news of a potential Double Dip!!! For those who are not economists, Qman can explain this to ye all.He will no doubt supply a picture that speaks a thousand words!!!! Lol
|
Posted By: Baldrick
Date Posted: 20 Sep 2013 at 8:41am
|
would be triple dip at this stage windy as we only went back into recession late last year. Even quey would struggle with a triple dip ------------- AKA pedantic kunt |
Posted By: corkery
Date Posted: 22 Sep 2013 at 8:04pm
|
Merkel set to lead Germany on her own, no coalition partner. ------------- 'The younger generation as in 17 -25 are certainly gayer than their predecessors. I think they may cause the extinction of the human race with their activities.'- Baldrick |
Posted By: daithi
Date Posted: 22 Sep 2013 at 8:09pm
------------- Just because it's tradition does not make it right |
Posted By: colmoc
Date Posted: 22 Sep 2013 at 8:45pm
I wouldn't bank on it
|
Posted By: Trap junior
Date Posted: 22 Sep 2013 at 8:50pm
|
Has Merkel passed the "Enabling Act"?? Adolf's granddaughter doing him proud. ------------- Pied Piper to: Baldrick, Brendan 88, 9Fingers, Borussia and more... 97.6% chance this post will be replied to by Baldrick (source: PWC) |
Posted By: eire77
Date Posted: 22 Sep 2013 at 8:57pm
|
Is she not meant to be his daughter TJ? As per the conspiracy theory - frozen sperm etc. ------------- Just because I'm paranoid doesn't mean they aren't out to get me... |
Posted By: eire77
Date Posted: 22 Sep 2013 at 9:01pm
Not sure about the first one but the second two are definitely true. ------------- Just because I'm paranoid doesn't mean they aren't out to get me... |
Posted By: seanyshuffler
Date Posted: 16 Apr 2015 at 12:20pm
| http://www.independent.ie/business/personal-finance/latest-news/families-in-ireland-pay-almost-zero-tax-oecd-31144192.html" rel="nofollow - http://www.independent.ie/business/personal-finance/latest-news/families-in-ireland-pay-almost-zero-tax-oecd-31144192.html |
Posted By: BrenC
Date Posted: 16 Apr 2015 at 12:39pm
Have had a look through the full OECD report for work - it basically shows that on average wage (circa €38k), if you have two kids, you pay very little tax compared to other countries when you net off child benefit. Big difference is that in most of the other OECD countries, the tax people on average wage pay is mostly social security which pays for a lot more benefits (e.g. free or subsidised childcare etc). I think most people in that category would happily switch places and pay more tax in exchange for these better social services. The report only looks at income up to 167% the average wage (so under €60k). It does suggest the "squeezed middle" aren't quite as squeezed as in other countries - but again the "tax" in those countries typically buys ye a lot more benefits. What the report doesn't show is people on 3 or 4 times average wage (e.g. €100k plus), actually pay a lot more tax here than in most other OECD countries - only Sweden taxes people on €100k plus more than we do. Which I think most people will agree is a good thing - but a reality that probably isn't full recognised. ------------- Team Emmet |
Posted By: seanyshuffler
Date Posted: 24 Apr 2015 at 10:45am
| http://www.irishtimes.com/business/economy/those-on-lowest-incomes-suffered-most-in-the-recession-1.2186880" rel="nofollow - http://www.irishtimes.com/business/economy/those-on-lowest-incomes-suffered-most-in-the-recession-1.2186880 |
Posted By: seanyshuffler
Date Posted: 07 Oct 2015 at 4:07pm
|
http://ucc.hosted.panopto.com/Panopto/Pages/Viewer.aspx?id=0e25c2b9-b52c-84a7-1b13-381d640a29aa" rel="nofollow - http://ucc.hosted.panopto.com/Panopto/Pages/Viewer.aspx?id=0e25c2b9-b52c-84a7-1b13-381d640a29aa Would recommend people have a listen to these talks if they get the chance. No jargon in them either. Also if you're from Cork to come along to the next ones.
|
Posted By: Bob Hoskins
Date Posted: 24 Apr 2017 at 2:11pm
Over 10% increase in new Irish startupsPrintThere was a significant increase in the number of new Irish companies created in the first quarter of 2017. According to new Vision-net figures, 10.3% more Irish startups entered the fray compared to the same three months last year. The company-search and credit-risk analyst revealed that 12,626 new businesses were incorporated in the country during the period. While the majority of sectors saw rising activity, professional services fared best in sheer numbers with 1,183 new companies coming on stream, an 8% improvement on 2016. Farming saw the biggest percentage boost, with 45% more new businesses created than last year. Increases were also seen in finance (23%), transport (9%) and social services (10%).
Dublin led the charge, with the capital welcoming 2,501 new incorporations. Cork, Galway, Meath and Kildare made up the rest of the top five. Of these, Cork was the one county to see a drop in new registrations. A 17% fall meant there were 114 fewer new Cork-based startups than in the first three months of 2016. The strong start to the year seems to only be accelerating when you look at the latest monthly figures. March enjoyed the second-highest monthly rate of business startups since 2007, with 2,014 companies registered last month. Vision-net.ie managing director Christine Cullen said of the results: "Figures from the first quarter of the year suggest the Irish economy will continue down a path of steady if slightly uneven growth into 2017. Traditionally strong sectors such as finance, agriculture and professional services have experienced encouraging levels of growth and the ongoing revival of the construction industry has been well documented in the media. "Overall, the rise in the number of startups this year compared to last year is very encouraging."
However, while more and more new players are setting up shop, the number of failing businesses was also up. There were 306 business insolvencies, representing a 22% increase on the same period in 2016. These comprised 155 liquidations, 143 receiverships and eight examinerships. Cullen also signalled a potential problem with the disproportionate amount of activity in Dublin compared to the rest of the country: “Dublin still accounts for 43% of new companies registered in Ireland. This suggests a continued over-reliance on the Capital and an urgent need, on the part of Government and policy makers, to develop greater economic stimulus in rural areas of the country."
The 2017 flurry of activity comes off the back of a strong 2016 that saw the number of new startups surpass 20,000 for the first time in nearly two decades. Vision-net.ie figures showed that 20,997 companies were registered in 2016, an 8% increase on 2015 and the biggest year of activity since 1998. It was also the second highest number recorded in 36 years. Professional services was the most popular industry, with over 4,000 firms established. The finance sector was second with 2,959, and it boasted the biggest percentage boost in new blood, with activity 44% higher than in 2015. The number of new firms getting down to business in Dublin was up a massive 45.5%, far above second-placed Cork, which saw a 12% increase. The difference elsewhere around the country was much more marginal. At the same time, there was a 10% decrease in insolvencies. Craig Fitzpatrick, Newstalk.com ------------- Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government. |
Posted By: MC Hammered
Date Posted: 24 Apr 2017 at 2:24pm
|
Regarding adding stimulus to rural parts of the economy, here's the MC Hammered economic strategic plan for 2017-2030. A large scale public construction project for the Athlone/Mullingar area involving relocation of all government departments and agencies currently in Dublin that CAN be moved there. This will free up much needed office and housing units in Dublin and provide a huge boost to the midlands area in terms of employment and spin off services. An improved road network getting to this centre of public administration would also be a shot in the arm for the construction sector and would make it an attractive place logistically for rural workers, particularly in the West, to get to. How come Ireland was able to take on massive public housing projects in the 1930's - 1950's when we didnt have a collective pot to piss in and now we can't provide basic housing solutions for our populous? ------------- El Puto Amo |
Posted By: colemanY2K
Date Posted: 24 Apr 2017 at 2:27pm
|
Because we have a bunch of morons running the show atm. ------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: pre Madonna
Date Posted: 24 Apr 2017 at 2:32pm
I think morons is harsh, I think that a few of them are quite cunning, unfortunately they are solely interested in themselves and the jobs they will get from Europe in a few years time. ------------- Greed has won, big finance has won. Whatever small role elite clubs still play in the local communities from which they grew is dwarfed now by their position as global brands. |
Posted By: Cabra Hoop
Date Posted: 24 Apr 2017 at 2:37pm
|
T'would because back in those sepia days the local authorities employed people to build numerous housing developments, houses which were rented to tenants. The houses were built not for profit but to house the population. Imagine such wistful notions.The government will not do that nowadays. Too many vested interests have to get a cut out of the property cake. Land Owners, Estate Agents, Banks, Surveyors, Architects, Builders, Electricians, Mortgage Brokers, Solicitors et all. The country exists on protectionism....
------------- " BFC always gives me a laugh........ " |
Posted By: MC Hammered
Date Posted: 24 Apr 2017 at 2:44pm
What if MC Hammered led a revolt and overthrew the government and then replaced them with folk prepared to carry out my strategic vision for the country? Could I rely on the YBIG lobby backing my efforts to seize power? If I have your backing, I will also disband the FAI and implement Newryreps ticketing plan. Two small details. 1) It will be a one party state with no elections 2) My cabinet will be based in the Midlands but I'm personally not going there except on short trips for business ------------- El Puto Amo |
Posted By: Cabra Hoop
Date Posted: 24 Apr 2017 at 2:49pm
------------- " BFC always gives me a laugh........ " |
Posted By: Bob Hoskins
Date Posted: 24 Apr 2017 at 3:33pm
Remember there was talk of a big Chinese backed project - I think it was meant for Tipperary..must dig that out, wonder what happened to it. ------------- Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government. |
Posted By: Bob Hoskins
Date Posted: 24 Apr 2017 at 3:42pm
|
Fora have the same idea... http://fora.ie/athlone-china-trading-hub-3122866-Dec2016/" rel="nofollow - https://fora.ie/athlone-china-trading-hub-3122866-Dec2016/ There was talk of a super casino in Tipperary..still might be done but on a smaller scale http://fora.ie/tipperary-casino-two-mile-borris-quirke-3127800-Jan2017/" rel="nofollow - https://fora.ie/tipperary-casino-two-mile-borris-quirke-3127800-Jan2017/ ------------- Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government. |
Posted By: MC Hammered
Date Posted: 24 Apr 2017 at 3:43pm
|
Was that for a huge casino Hoskins? I'm not sure we need more betting establishments in this country. We just should get ahead of the curve and legalise drugs and nationalize the industry before everyone else does. What's the point in making the gangs rich and endangering users by enforcing prohibition? ------------- El Puto Amo |
Posted By: SuperDave84
Date Posted: 24 Apr 2017 at 3:52pm
|
What's the craic? Crack! Brought to you by the the Irish National Narcotics Corporation. ------------- 
|
Posted By: Bob Hoskins
Date Posted: 24 Apr 2017 at 4:11pm
|
I like the sports complex part of the Casino idea but not a super casino. The article explains the new laws that make it more difficult ------------- Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government. |
Posted By: lassassinblanc
Date Posted: 24 Apr 2017 at 4:18pm
|
Tipperary the Vegas of Ireland |
Posted By: deiseblue
Date Posted: 24 Apr 2017 at 7:26pm
|
Good news for Waterford , a Saudi investment group are ploughing €300 million into the city - particularly Michael St. & the north quays. Particularly good news as the South East has the worst unemployment figures in the State. |