Bribery and corruption has risen since the downturn

There has been an increase in bribery and corrupt practices since the economic downturn, according to 28pc of Irish respondents on Ernst & Young’s 2012 Global Fraud Survey. This compares to 16pc in Western Europe as a whole. Over 1,700 executives across 43 countries, including CFOs, heads of legal and internal audit participated in the survey for their views of fraud, bribery and corruption. The survey reveals that over 20pc of Irish respondents believe that bribery occurs widely in Ireland, compared to one third of global respondents. Bribery is perceived to be significantly higher in the rapid-growth markets such as Brazil (84pc), Indonesia (72pc) and Turkey (52pc). “Advances have been…

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Business and Leadership Ltd.

German company arvato Finance has moved to new premises in Dublin’s Eastpoint Business Park and is creating 100 additional jobs, after having reached its target 150 new jobs two years early. The 150 jobs promised last year have been already filled in IT, consulting, finance and accounting, project management and customer services roles. Supporting the growing demand for business process outsourcing services, arvato is set to expand further and 100 positions have been created across its network with over 60 positions currently available and 40 recently recruited. Dublin continues to be a strategic centre of knowledge and innovation for arvato Finance, which has been operating from Ireland for over 16…

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Mortgage approvals show annual increase of 7.3pc in June

In a report on residential mortgages in Ireland, Moody’s says debt write-down is the only way to fix the problems. According to the ratings agency, the mortgage crisis will only peak next year and one in five mortgages will then be in default. Examining €66bn worth of home loans, not including buy-to-let properties, the report said it expects mortgage arrears to peak in 2013, with 20pc of all mortgages in arrears. It also noted that Irish house prices have already fallen by 50.3pc between September 2007 and July 2012 and it expects that they will fall a further 20pc from the levels seen today. Karina Corbett

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Business and Leadership Ltd.

Clerys on O’Connell Street in Dublin will continue to trade as normal today following the appointment of joint receivers Paul McCann and Michael McAteer of Grant Thornton to Clery & Co (1941) plc, Denis Guiney Ltd and Yterrbium Ltd. The receivers were appointed at the invitation of the directors of these companies, which own and operate the department store. According to a statement from the receivers, the O’Connell Street shop will continue to trade as normal and the 147 jobs in the store remain unaffected by the appointment of the receivers.  Likewise, concessionaire partners at the store and their employees will not be affected. The statement said the receivers are…

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Related Articles Dublin software company Iconic to create 15 new jobs after raising €400,000 Pepper Ireland to create 50 jobs in Dublin and Shannon Dublin Bus app set for one millionth download Irish brand Dubarry is opening its first flagship store in the last remaining retail space in the redevelopment of 35 College Green in Dublin. It will be next door to the new Abercrombie & Fitch outlet in the development, which also houses British fashion brand Superdry. Dubarry’s unit is made up of around 170 sq m of retail space with additional storage. Marketing director of Dubarry Michael Walsh said this was a very significant step in the continued development of the brand.

Irish brand Dubarry is opening its first flagship store in the last remaining retail space in the redevelopment of 35 College Green in Dublin. It will be next door to the new Abercrombie & Fitch outlet in the development, which also houses British fashion brand Superdry. Dubarry’s unit is made up of around 170 sq m of retail space with additional storage. The marketing director of Dubarry Michael Walsh said this was a very significant step in the continued development of the brand. “Although known primarily for footwear and in particular “Dubes” deck shoes here in Ireland, our international premium performance lifestyle collection has expanded significantly to include clothing, bags,…

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Business and Leadership Ltd.

Minister for Research and Innovation Sean Sherlock TD has launched the Smart Futures STEM Careers Week to encourage secondary students to pursue careers in the science, technology, engineering and related sectors. Part of the Government’s Action Plan for Jobs, the initiative is a new phase of the Smart Futures programme run by Discover Science and Engineering (DSE) through Science Foundation Ireland. “Most of our children’s career opportunities will be built around harnessing new and evolving technologies that are only now establishing themselves. It is critically important that we give students a window into those industries and the experiences of people working in them,” the Minister said. “The Smart Futures STEM…

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Matt Cooper and Aidan Gough

The fourth annual Irish Times InterTradeIreland Innovation Awards have been launched with a closing date for applications of 3 December 2012. Companies can enter in one of six categories in the 2013 awards: agri-food innovation; life sciences innovation; greentech innovation; business services innovation; social innovation; creative industries innovation. Each category winner will secure a €10,000 Irish Times media deal and compete to win the overall title of ‘Innovation of the Year’ which awards the winner with a communications and advertising package from The Irish Times worth €150,000. In addition, a University College Dublin scholarship for an executive education programme commencing in 2014, an i-Pad and a consultancy package will also…

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Bank of Ireland adds €275m to agri investment fund

Bank of Ireland has announced a €275m increase to its €200m Agri Farm Investment Fund, as part of a number of initiatives aimed at supporting growth of the agri sector. The increase, along with the €25m working capital fund, which was launched in July, adds up to a cash boost of €500m available to the sector since July 2011. The new initiatives include AIB’s Agri Development Loan and Agri Credit Line. Regarding the loan, farmers who are developing their farms to cater for increased dairy output post 2015 may avail of interest only repayment terms in certain circumstances. The bank aims to support these farmers’ cash flows until milk quotas…

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745m invested in UK and Irish tech companies in H1 2012

Some £596m (€745m) has been invested in UK and Irish tech companies in the first half of this year, the highest amount in more than a decade, according to new figures from London-based corporate finance advisory company, Ascendant. In the second quarter of 2012, £297m (€372m) was put into 60 UK and Irish companies by 102 investors. This compares to an investment of £234m (€293m) in Q2 2011 invested in 48 companies by 70 investors in the second quarter of 2011. “When added to our figures for Q1 that makes £596m invested in 124 companies in the first half of 2012,” saidStuart McKnight, managing director of Ascendant. “It is worth…

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Bribery and corruption has risen since the downturn

Organisers of the Jobs Expo 2012 event, which was held earlier this year, have said it will return to Dublin this September due to popular demand. This time the event, which will be free of charge, will be held in the Hogan Suite of Croke Park, and will take place on Friday, 28 and Saturday, 29 September from 11am to 5pm. Advice and career opportunities will be available from companies located both in Ireland and abroad such as the British Columbia Construction Association whose members are looking to fill positions in the Canadian province for carpenters, welders, iron workers, plumbers, pipelayers, mechanics, crane operators and sheet metal workers. The exhibition…

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