FIANNA Fáil Leader Micheál Martin is calling on the Government to establish a taskforce with a specific mandate and timeframe to ensure that insurance companies and banks with clients who were victims of the flash flooding in Cork are dealt with as quickly as possible. The Government should also establish a compensation fund with quick access to those in the most need. [Read more...]
SINN Féin TD Jonathan O’Brien TD has called for the implementation of a new licensing and taxation regime for oil and gas exploration off our coasts, saying access to a fair share of these revenues by the state could help economic recovery.
Speaking in support of a Sinn Féin motion on the issue in Leinster House, Deputy O’Brien said, “A report prepared for the Department of Energy estimates there could be 10 billion barrels of oil off Ireland’s coasts. We already know there are significant gas finds at the Corrib and Lough Allen fields. Yet as things stand, the benefits of exploiting these resources will go to multinational companies, not the Irish people.
THE Minister of State for Trade and Commerce, Billy Kelleher has said the merchandise trade figures published on Thursday show strong signs of economic recovery.
The figures for August show that exports increased by 13pc compared with the same month last year.
“The figures build on a 12 per cent increase in the value of exports in July compared to last July. They indicate a reversal of the negative trend for the earlier months of the year when between January and April exports fell by 6pc compared to the same period last year.
THE Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD, has said the slowing rate of redundancies shows that economic recovery is underway.
The number of redundancies lodged to the Department last month was lower than in any month last year bar December and, with the exception of May, it is the lowest so far received this year.
Minister O’Keeffe was responding to the latest live register figures.
SPEAKING on Nightly News with Vincent Browne on TV3, Cork South Central TD, Deirdre Clune said that skills learned by entrepreneurs who have failed businesses should not be lost to society and “draconian bankruptcy laws” are stopping economic recovery.
“Many people today are finding themselves in extreme financial difficulty but entrepreneurial enterprise skills learned by those who have failed businesses should not be lost to society because it is only through their type of investment that we will create employment again and get back to a situation where this economy can deliver what is needed for the people of the country.
“I believe the laws relating to bankruptcy should be changed. They’re draconian. They were developed at a time when we didn’t have such high debt and so many people in such difficult credit situations.
Minister of State for Trade & Commerce, Billy Kelleher TD
“One of the key elements of Ireland’s recovery plan is to build a better future by means of a more efficient and innovative economy,” said Billy Kelleher, Minister for Trade & Commerce at a recent seminar on EU Innovation Supports in Shannon.
The seminar, organised by Shannon Chamber and the European Institute of Public Administration (EIPA) in association with Enterprise Ireland, the Enterprise Europe Network in Ireland (EEN) and Bank of Ireland, drew an impressive panel of speakers from the EU and Ireland, and case study Irish companies, who collectively urged the business and academic communities to give increased consideration to using EU innovation funding for their and Ireland’s benefit.
LOCAL entrepreneurship has a major role to pay in the country’s economy recovery, the Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD, told the annual Ballincollig Business Association conference in Cork this weekend.
Minister O’Keeffe said that, while recessions take heavy tolls on individuals, businesses and families, “History has shown that in challenging economic times we can find new opportunities and fresh entrepreneurship to lead us to growth and prosperity once more.