Taoiseach opens Primark's Alexanderplatz store in Berlin

An Taoiseach Enda Kenny TD has officially opened Primark’s new store in Alexanderplatz in central Berlin in Germany. Creating 800 jobs, the opening marks Primark’s second store in Berlin and its thirteenth nationwide, having entered the German market in May 2009 with its debut store in Bremen. The total number of people now employed by Primark in Germany stands at over 6,100. With a surface area of 56,300 sq ft (5,230sqm) over 3 floors, the new store houses fashion for women, men and children, to jewellery, shoes, accessories and a selection of fashion for the home. “The international success of Primark represents the constant innovations in retail and commercial expansion…

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EU-Asia free trade agreements

Minister for Jobs, Enterprise and Innovation Richard Bruton TD outlines the current state of play regarding free trade agreements between the EU and Asia and what this means for Ireland. IT is widely expected that by next year over 90pc of future global economic growth will take place outside Europe. Much of this will be propelled by dynamic economies in Asia. In that region China alone could account for a third of this economic expansion. China is often seen as the regional powerhouse because of its size, economic growth and its potential as economic transformation continues apace. And we have worked hard to develop stronger links with it. As many…

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Doing business in Turkey

Over the past ten years, while all of Europe was struggling with the economic crisis, Turkey managed to keep growth rates to a level second only to China, and more and more Irish companies are becoming aware of the opportunities there, according to Jonathan Ryan, manager, Turkey, Enterprise Ireland. Termed as an emerging market alongside countries such as South Africa, India, and Nigeria, Turkey has a well-developed infrastructure with continuous high levels of investment and has some well-established world-class industries such as cement, construction, steel, automotive and white goods along with its traditional textile sector. It is now ranked as the world’s 16th largest economy based on GDP and is…

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Minister of State at the Department of Agriculture, Food and the Marine Tom Hayes TD with Tom Keogh from Keogh's Crisps and John Paul O’Reilly, commercial director, Tesco Ireland

Keogh’s Farm has agreed a deal with Tesco UK, which will see the family’s hand cooked potato crisps go on sale in 255 Tesco stores throughout the UK. Keogh’s Farm currently employs 40 people north Co Dublin. “This is a brilliant boost for us. As a small, family-owned business, this deal with Tesco UK opens a potentially massive opportunity for the business,” said managing director of Keogh’s Crisps Tom Keogh. “After the President’s visit to the UK last week, we hope the UK’s love affair with all things Irish will extend to our much loved crisps and we look forward to growing our business on the back of this deal.…

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Catherine Day, secretary general, European Commission, Maurice Pratt, chairperson, European Movement Ireland and Paul Mahon, president and CEO, Great-West Lifeco

Irish exports to Canada could double from to an estimated €2.4bn under a new trade agreement signed late last year between the EU and Canada, a seminar heard today. Hosted by European Movement Ireland, the seminar was entitled ‘Trading our way to prosperity: The EU and Free Trade and speakers included  Leo Varadkar, TD, Minister for Transport, Tourism and Sport, Paul Mahon, president and CEO, Great-West Lifeco and Catherine Day, secretary general, European Commission. Mahon said he believed the Comprehensive Economic and Trade Agreement (CETA) involving the EU and Canada represented a huge opportunity for Ireland in particular. “It’s estimated that CETA could raise bilateral trade by 23pc or €26bn.…

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Rio de Janeiro

The Irish Exporters Association’s Latin America Trade Forum (LATF) is being launched by Minister for Trade and Development, Joe Costello TD, this morning. Based at the offices of the Irish Exporters Association, the new forum will be a resource to Irish businesses interested in developing trade with Latin America. It will bring together Irish companies, industry organisations, State agencies as well as the Department of Foreign Affairs and Trade to foster trade, economic and commercial relations between Ireland and Latin America. “Latin America offers exciting opportunities for Irish companies as we move forward with our export-driven growth,” said the Minister. “We already have significant interests there, with total trade in…

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Irish seafood

The Irish seafood sector has the potential to increase annual sales from €810m last year to €1bn by 2017 and to deliver 1,200 additional jobs, according to a Bord Iascaigh Mhara (BIM) organised industry conference in the Aviva Stadium today. The ‘Capturing Ireland’s Share of the Global Seafood Opportunity’ conference will hear that the sector has focused in recent years on new markets in Asia where demand for quality seafood is showing phenomenal growth. Irish shellfish in particular is highly sought after in China and Hong Kong and exports to Asian markets have increased by 34pc. Speaker Joe Gill, a director at Goodbody Ireland said he believes the sector faces…

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Alan Duffy, managing director and Ireland head, HSBC Corporate Bank

China is expected to be the most dynamic emerging market for Irish exports, with its share of total exports forecast to double from around 2pc currently to 4pc by 2030, according to HSBC’s bi-annual trade forecast. It predicts a sustained upward trend for trade generally of 6pc growth a year and an improving demand for Irish goods and services over the next few years thanks mainly to gathering momentum from the US and eurozone. The composition of Ireland’s trade flows is forecast to remain relatively stable, with the US, UK and eurozone core sustaining their position as the most important export markets. The chemicals sector dominates the export outlook for…

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Business and Leadership Ltd.

While working as an electrician on oil rigs in the North Sea, founder of Offshore Handling Systems in Shannon, Co Clare Eugene Earley recognised the need for a solution to the problem of hand injuries caused by lifting. “At the time the notion of hands-free working on rigs was a novel concept and only primitive products existed. I came up with the idea of making more useful tools designed for different applications such as moving deck cargo and materials and put together a few designs,” he recalls. While continuing to work as chief rig electrician for Ensco – the second biggest driller in the world – in 2009 Earley incorporated…

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Ripper Street

A third series of the TV drama ‘Ripper Street’ is to be produced in Ireland, which is expected to provide a major boost to the Irish film and TV industry. The total value of the first and second series to the Irish economy so far has been around €20m in terms of spend on local goods and services. They employed 5,000 Irish cast, extras and crew, providing about 170,000 Irish work hours per series. ‘Ripper Street’ follows the H Division, the police precinct charged with keeping order on Victorian Whitechapel. James Hickey, chief executive Bord Scannán na hÉireann/the Irish Film Board said the announcement was “very good news for the…

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