Chamber News

Big Deise Sleep Out Gerald HurleyWaterford Chamber CEO Gerald Hurley will take part in the Big Deise Sleep Out on Friday, 1st December at Edmund Rice Heritage Centre, Waterford.

Focus Ireland has provided homeless services in Waterford for the last 17 years and the city is now the charity’s largest centre outside of Dublin.

Over 300 people access Focus Ireland Waterford Services every month with over 20 families including 27 children under 12 currently living in emergency accommodation in the city.

The more people that know about Focus Ireland, the greater their impact. If you would like to support Focus Ireland, please click the link below.

https://give.everydayhero.com/ie/gerald-hurley

Speaking after Tánaiste and Minister for Business Frances Fitzgerald announced an agreement with European Commissioner for Competition Margrethe Vestager to establish the working group, Sarah Freeman, Director of Policy and Communications of Chambers Ireland commented:

“The announcement today that a working group on business supports to deal with challenges of Brexit for business will be established is very welcome. It will bolster Ireland’s response to Brexit and help businesses explore new markets while strengthening their links to existing ones. Our SMEs are particularly vulnerable to changes as a result of the UK leaving the EU and additional supports to help assess and plan for these unique challenges will be very helpful.

Through this working group, Irish officials from the Department of Business, Enterprise and Innovation will liaise with Commission officials on an ongoing basis and will be in a position to advise businesses about any potential future supports. The recently released results of the European Economic Survey 2018 revealed that Brexit is the number one concern of Irish businesses for the year ahead. It is crucial that the right supports are in place so that businesses can respond to the unknown challenges and get the right help in response to their particular needs.”

EES 2018 Infographic 1A survey of European businesses, published today (8th November 2017) by EUROCHAMBRES, has revealed that Brexit is not considered a concern for most companies.

The survey, which was conducted in autumn 2017 and had over 50,000 respondents from 23 countries across Europe, asked businesses to rank the main challenges they believed they faced in 2018. While Irish firms identified the impact of Brexit as the biggest challenge to the development of their business only 9.2% of European businesses registered Brexit as a challenge at all.

Commenting on the results, Ian Talbot, Chief Executive of Chambers Ireland and Deputy President of Eurochambres said, “This survey confirms that Irish businesses are feeling significantly more exposed to the impact of Brexit than businesses in the rest Europe. While it is not surprising that Brexit is a priority for Irish business given our proximity to the UK and the importance of our trading relationship, it is alarming that businesses across Europe are not more concerned by the potential impact of the loss of the EU’s second biggest market.”

“From our engagement with our European partners we knew that for many countries Brexit was a peripheral issue. They are more concerned with the provision of security for their citizens, job creation and the economic security of the Euro zone. However, we believe there is a role to play for Ireland’s business community to help our counterparts in Europe understand that unless a practical approach to Brexit negotiations is adopted, we all stand to lose out in terms of reduced economic growth, investment and jobs.”

Key findings of EES 2018:

  • Lack of skilled workers ranks 2nd (compared to 4th last year) among the challenges for 2018.
  • The prospect of Brexit is the number 1 challenge only for Irish businesses, scoring much lower in most of the other EES 2018 participating countries.
  • Domestic sales expectations rise slightly compared to last year, but seemingly remain a source of uncertainty for businesses, as domestic demand is again ranked the top challenge.
  • Export sales within and beyond the EU are higher than in 2017, despite the uncertain geo-political situation.
  • Employment expectations exceed the levels of the pre-crisis period for the first time.
  • Investment forecasts continue their upward trend, reflecting improving financing conditions and persisting low interest rates.

About the European Economic Survey

The EUROCHAMBRES Economic Survey (EES) is an annual qualitative survey of business expectations across Europe. The survey is implemented by the network of Chambers of Commerce and Industry and co-ordinated by EUROCHAMBRES.

The questionnaire focuses on five economic indicators: business confidence, domestic sales, exports, employment and investment, as well as on challenges.

For EES 2018, around 50,000 businesses from 23 countries responded during autumn 2017.

Businesses from Austria, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Luxembourg, Malta, Montenegro, the Netherlands, Portugal, Romania, Serbia, Slovakia, Spain and Turkey participated in the survey.

Over 200 companies in Ireland participated in the survey.

The EES findings will be launched in Brussels on Wednesday, 8th November.

EUROCHAMBRES Economic Survey 2018 – full report

EUROCHAMBRES Economic Survey 2018 – infographic

 

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Waterford Chamber provides a range of services that support and nurture local businesses. Whether you are an individual or a large company, Waterford Chamber can help you take your business to the next level. With a variety of benefits including business to business networking events, training and seminars as well as a host of additional services, your business can avail of all that membership has to offer.

 

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“Tom Murphy Car Sales Ltd has been a member of Waterford Chamber of Commerce for over 25 years.

It’s a membership that serves us well as we find it gives us a platform to interact with similar businesses and puts us in front of a wide audience.  Having staged a number of very successful Chamber events, both at our dealership on the Cork Road and at venues chosen by the Chamber, it really puts into perspective the value of networking and meeting with potential customers face to face.

We intend to continue the partnership between Waterford Chamber of Commerce and Tom Murphy Car Sales into the future, as the results speak for themselves and we see the value in being a member of Waterford Chamber.”

Tom Murphy, Tom Murphy Car Sales

 

 

 

 

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