Here are our latest recommended articles from the past 7 days.
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1. ‘Highest level of job creation’ through IDA in over a decade.
The IDA’s report for 2013 shows the highest job-creation figures in over a decade, with over 13000 jobs created here last year. The IDA also states that there was an increase of 18% in companies who were attracted to invest in Ireland for the first time. However the target set out by the Horizon 2020 report for regional development-that 50% of jobs created by the IDA in 2013 were located outside of Dublin and Cork-did not materialise, with the figure for 2013 standing at 30%
Figures from Vision-net show a drop in insolvencies in 2013, with slight improvement in tough sectors like construction and property. The most vulnerable sector is the hospitality sector, with two-thirds of hotels and restaurants identified as high risk. The data also points to a 10% increase in company start-ups in 2013.
Ken Norgrave, Chief Executive of Zurich Insurance discusses why the sector has a major part to play in creating wealth and spreading it throughout society.
The majority of the cash was acquired through the disposal of assets, with the total cash gained since its inception in 2009 rising to €16.5bn. The Agency has approved close to €1bn in funding for the completion of construction projects and is prepared to invest €1.5bn in the next 3 years.
Niall O’ Callaghan, partner at Mercer, highlights the need for the Government to focus on a long-term strategy to pensions, after 5 years of short-term measures due to the banking crisis, along with changes to pension policy that would help Ireland to better deal with the challange.