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Limerick experienced significant growth in the number of new businesses created in the first half of this year, which grew by more than 23%. Cork and Galway have also grown steadily, and Dublin continues to dominate with more than 5,000 new businesses starting up in the capital. The figures are published by CRIF Vision Net, Business and Credit Risk Analyst.
Christine Cullen, Managing Director of CRIF Vision Net, explains that Limerick has experienced such growth in start-ups because it came from a low base and also because it becomes a hub for start-ups -ups. "Limerick has been decimated by the economic downturn and I think there is some recovery, because the Limerick Council has made some serious investments that have encouraged job growth and have really made public the region, "said Ms. Cullen. The proximity of Limerick to Shannon Airport, and a flood of talent from the University of Limerick and the Limerick Institute of Technology, help the city recover very well, has it? -she says. There have also been some very good job ads in Limerick, especially in the medical technology sector. "When you see these job ads, you also see a drive effect on the local industry, which translates into a very positive environment in the area," she said. .
In general, the numbers show that there has been a surge in the growth of professional and social service companies, which encompbad businesses and businesses. There has been a lot of growth in the construction, hospitality, and wholesale and retail sectors.
The housing and leasing market crisis is less of a concern for Irish companies than big multinationals, says Cullen
Vision Net is monitoring companies that are starting up and those that are failing. "Business failure is always something you need to take into account when you look at the growth of the sector. Bankruptcies are down 30% a year, which is very good news, almost every sector" Ms. Cullen said.
One sector that has seen a decline is the auto sector due to a challenging trading environment due to fluctuations in the pound sterling that led people to import cars rather than buying at the House.
However, Ms. Cullen said the conditions are generally excellent for business creation in Ireland. "Everything looks good, and very favorable, and it's a great time to capitalize and grow," she said.
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MORNING BULLETIN – Ryanair announced a 20% decline in profits in the first quarter of the year to € 319 million. The airline reduces lower profits at lower rates, higher fuel costs and higher pilot costs. Traffic increased by 7% to 37.6 million, despite more than 2,500 cancellations due to shortages and strikes by air traffic control personnel.
*** The G20 Finance Ministers' Group declared that trade tensions could undermine the global economy
They called for greater dialogue to reduce risk after a tense two-day meeting in Argentina. The summit comes as the United States has intensified its trade tensions, saying it is ready to impose tariffs on the $ 500 billion in imports from China.
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