Business

Friday 20 January 2017

The week in Business

Published 04/04/2015 | 02:30

Monday

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A slowdown in the growth of construction activity here could end up hurting Ireland's ability to attract foreign direct investment, Davy stockbrokers warns.

Tuesday

The first three months of this year has been the busiest on record for sales of hotels, as investors pile into the sector.According to a report from property broker CBRE, the value of hotels sold between January and March in Ireland topped €500m.

Ireland has been targeted by a new Greek law that Athens says is aimed at combating the nation's widespread corporate tax avoidance. However, critics say a new tax regime that explicitly targets companies doing business in Ireland, Cyprus and Bulgaria undermines Europe's common market and could make it harder for companies to engage in cross-border trade.

A Waterford technology startup company announces 65 new software jobs in Tramor. Three-year-old Nearform says the new jobs, which will bring its workforce to 100, are due to strong demand for its software design services.

Wednesday

The world's biggest private equity firm looks ready to lend to Irish businesses as it moves to fill a gap in the market left by Ireland's shrinking banks. New York-based Blackstone Group is open for business to provide financing to SMEs in Ireland.

Domestic demand is now expected to make a larger contribution to growth than previously thought, the Central Bank says, reflecting the strength of the recovery.

Thursday

A US investment firm has teamed up with Nama to build a major office and apartment development - including a skyscraper - in central Dublin. Kennedy Wilson yesterday applied for planning permission to build 313,000 sq ft of office space and 204 apartments at the "Capital Docks" site on John Rogerson's Quay, close to the East Link Bridge and opposite the 3 Arena.

Irish Independent

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