Bord Snip Nua to Suggest Cuts of €5bn

Business and Leadership Ltd.

Cuts of up to €5bn in public expenditure are to be proposed to the Minister for Finance, Brian Lenihan TD, later this week by the group charged with identifying where savings can be made in the public purse. The Special Group on Public Service Numbers and Expenditure Programmes, which has been nicknamed An Bord Snip Nua, will make over 400 recommendations on where money can be saved in public expenditure, the Irish Times has reported this morning. The group, which is chaired by UCD economist Colm McCarthy, was set up in late 2008 to review public services staffing levels and spending. According to the paper, sources say that proposed cuts…

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EU consumer confidence posts June rise

Business and Leadership Ltd.

Consumer confidence across the EU and euro area has improved for the third month in a row, according to the latest Economic Sentiment Indicator (ESI) from the European Commission. The ESI increased by 3.2 points in the EU and by 3.1 points in the euro area, to 71.1 and 73.3 respectively. However, despite this continued rise, the indicator still stands below the lows reached in the last major economic dip for the region, towards the end of 1992. The increase in the ESI resulted from an improvement in sentiment in services and among consumers, the European Commission said. The majority of member states registered an improvement, the ESI showed. Among…

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Newstalk CEO steps down

Business and Leadership Ltd.

Elaine Geraghty has announced she is stepping down as chief executive of Newstalk 106-108FM and will be pursuing a PhD at Dublin Institute of Technology. The new chief executive of Newstalk will be Frank Cronin, who has represented Setanta Holdings on the board of Newstalk since 2002. Elaine Geraghty has been chief executive at Newstalk since 2005 having held a number of positions with the Communicorp Group since 1989. Geraghty led the station through the successful national licence application process and its move from a Dublin based news station into the first Irish national talk radio commercial operator. “Newstalk has made such progress and I have worked with a tremendous…

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Increase in telecoms fraud says Minute Buyer

Business and Leadership Ltd.

At a time when few businesses can afford any more cashflow problems, international and Irish based ‘time thieves’ are targeting Irish businesses and exploiting weaknesses in their telecoms security to steal millions of euro annually, according to market intelligence from Minute Buyer, provider of telecoms solutions to the corporate market. The company has seen a significant increase in telephone fraud and hacking in Ireland over the last three months, according to Shaun Hayden, Director, Minute Buyer. He admits accurate fraud figures are nearly impossible to pin down because so many organisations are reluctant to talk about it publicly, bust says the Garda Bureau of Fraud Investigation estimates that time theft…

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