Business World

Saturday 25 November 2017

Media Bites: Sunday Independent - Ireland less attractive to entrepreneurs than US

Elaine Coughlan says Ireland isn't
Elaine Coughlan says Ireland isn't "aggressive enough in how we create the right environment for fostering long-term entrepreneurship." Newsdesk Newsdesk

Ireland is less attractive than the United States for entrepreneurs for the first time in 20 years, according to one of the country's top venture capitalists.

Elaine Coughlan, co-founder and general partner of Atlantic Bridge Capital, told the 'Sunday Independent' that she believes Ireland isn't "aggressive enough in how we create the right environment for fostering long-term entrepreneurship."

Ms Coughlan's company, Atlantic Bridge, has over $450m of assets under management.


The speed at which the British economy is growing is increasing, the Confederation of British Industry says.

Research by the CBI suggests business activity increased markedly in the three months to May.

Rain Newton-Smith, the CBI's director of economics, said growth had "cranked up several gears".

In April official figures revealed the UK economy grew by 0.3pc in the first three months of 2015, which marked the slowest quarterly growth for two years.

Sunday Times

Waste management company Panda is set to enter the electricity supply business, becoming the fifth player in a market where Irish households pay the highest bills in Europe before tax.

Panda Power, owned by brothers Eamon and Noel Waters, will initially target the 150,000 households along the east coast that already use the company's bin collection services.

It is set to offer double-digit discounts on standard tariffs for up to a year to win business from the four incumbent electricity providers.

Sunday Business Post

The Government is ready to unveil tax breaks and a reduction in red tape as part of a plan to encourage small business owners to expand their organisations and create more employment.

Among the areas being considered are changes to capital gains, income and corporation tax relief.

But other measures will be considered if they lead to job creation.

The Department of Finance is poised to kick off a push for more "innovating entrepreneurs" in the next couple of days.

Corriere della Sera

Greek economy minister George Stathakis expects a "technical solution" will be found with Greece's creditors "in a few days", followed by a meeting of Eurozone finance ministers to free up resources, he said in an interview.

Mr Stathakis said there is no risk regarding the June 5 payment to the International Monetary Fund.

He says Greece is seeking a debt restructuring deal by the end of June.

Irish Independent

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