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Written Answers — Department of Enterprise, Trade and Employment: Enterprise Policy (12 Oct 2023)

Simon Coveney: Technologies and their uses are evolving rapidly, presenting a global challenge to create regulatory frameworks that are adaptable and flexible enough to accommodate future developments. Within my Department, we are actively engaged in digital regulation negotiations at the EU level. We emphasise the necessity of striking a delicate balance in Europe between implementing measures...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (12 Oct 2023)

Simon Coveney: Balanced regional enterprise development continues to be a key policy of mine and this Government, and is reaffirmed in the Department’s White Paper on Enterprise. My Department contributes to this agenda in several ways, including through the development, implementation and oversight of nine Regional Enterprise Plans. The West Regional Enterprise Plan covers Galway, Mayo and...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (12 Oct 2023)

Simon Coveney: Performance has been strong in the first half of the IDA strategy 2021-2024 despite the difficult global economic environment. Total employment in IDA client companies reached 301,475 in 2022. Furthermore, 260 investments of the 400 targeted over the lifetime of the Strategy for regional locations have been won. Employment in IDA client companies in the South-East region grew by 3% and...

Written Answers — Department of Enterprise, Trade and Employment: Regional Development (12 Oct 2023)

Simon Coveney: The Deputy will be aware that my Department has secured up to €145 million in funding supported by the European Regional Development Fund for a new regional enterprise scheme. This new Smart Regions Enterprise Innovation Scheme (SREIS)will assist in delivering on the objectives set out in the nine Regional Enterprise Plans and support projects aligned to those Plans. As part of Budget...

Written Answers — Department of Enterprise, Trade and Employment: Inflation Rate (12 Oct 2023)

Simon Coveney: My Department continuously monitors the areas which are generating high headline inflation. As a small, open trading economy Ireland is exposed to global inflationary pressures, including fluctuations on international markets for energy, commodities and food. Ireland is effectively a price taker on most international markets, and many of the drivers of Irish inflation are outside our...

Written Answers — Department of Enterprise, Trade and Employment: Health and Safety (12 Oct 2023)

Simon Coveney: Under the Safety Health and Welfare at Work Act, 2005 employers have an obligation to ensure, so far as is reasonably practicable, employee safety, health and welfare at work. Employers have a duty to undertake a risk assessment to identify the hazards in the workplace and to put in place appropriate controls to protect employees. Hazards associated with violence and aggression in the course...

Written Answers — Department of Enterprise, Trade and Employment: Job Losses (12 Oct 2023)

Simon Coveney: The Government recognises the importance of the mining sector in Ireland, including to support the achievement of the UN's sustainable development goals and the objectives of the European Green Deal. Boliden Tara Mines employs around 650 skilled workers and generates a very significant level of economic activity in the local community in Meath. I and officials from my Department have had...

Written Answers — Department of Enterprise, Trade and Employment: Trade Data (12 Oct 2023)

Simon Coveney: I propose to take Questions Nos. 103 and 104 together. Ireland’s markets for exports of goods and services continue to develop in a positive and sustainable manner despite challenges in the trading environment due to Brexit, the global pandemic and the war in Ukraine. According to the latest Goods Exports and Imports release from the CSO, the value of goods exports from Ireland in 2022...

Written Answers — Department of Enterprise, Trade and Employment: Foreign Direct Investment (12 Oct 2023)

Simon Coveney: The total number of additional jobs created by IDA Ireland client companies from 2013 to 2022 inclusive is 136,848, bringing the total number of jobs in IDA client-companies to over 301,000 at the end of 2022. Furthermore, studies have shown that for every 10 direct jobs created by Foreign Direct Investment a further 8 are generated in the economy meaning that at end-2022, FDI was supporting...

Written Answers — Department of Enterprise, Trade and Employment: Enterprise Policy (12 Oct 2023)

Simon Coveney: The tech sector plays a pivotal role to the Irish economy, with 320 IDA client companies in the sector employing over 64,000 people. I regularly engage with tech companies through my own office and through officials in my Department and our agencies. IDA Ireland has strong engagement with its technology client base to actively support clients through new mandates, expansions,...

Written Answers — Department of Enterprise, Trade and Employment: Job Creation (12 Oct 2023)

Simon Coveney: According to the latest available national employment figures, from the Central Statistics Office’s Labour Force Survey, employment levels reached 2.63 million in Q2 2023 on a seasonally adjusted basis. We now have more people employed in our country than ever before, while the monthly unemployment rate for September 2023 stood at just 4.2%. The rate of employment growth in the...

Written Answers — Department of Enterprise, Trade and Employment: Trade Data (12 Oct 2023)

Simon Coveney: Global Ireland 2025 was launched in 2018 with the aim of doubling the scope and impact of Ireland’s global footprint in the period to 2025. This initiative has led to Enterprise Ireland expanding its office presence in overseas markets and to indigenous Irish industry growing its exports globally. In parallel, the Trade & Investment Strategy for 2022 to 2026, Value for...

Written Answers — Department of Enterprise, Trade and Employment: European Court of Justice (11 Oct 2023)

Simon Coveney: In respect of matters which are the responsibility of my Department there is one relevant judgement in the time period specified. It relates to Directive 2006/115/EC of the European Parliament and of the Council of 12 December 2006 on certain rights related to copyright in the field of intellectual property ("the 2006 Directive"). In 2019, the High Court referred four legal questions...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (11 Oct 2023)

Simon Coveney: Over recent years, the Government has deployed a wide array of supports to assist Ireland’s enterprise sector with shocks ranging from Brexit to COVID-19, to supply change disruption and to rising energy costs associated with the crisis in Ukraine. These measures have included a number of non-repayable grant, tax waiver or tax rebate cashflow support schemes for business. These include...

Written Answers — Department of Enterprise, Trade and Employment: Intellectual Property (11 Oct 2023)

Simon Coveney: In June 2022, the Government reaffirmed its commitment to participate in the Unitary Patent System and the Unified Patent Court, and to hold the necessary constitutional referendum to enable Ireland to do so. A local division of the Unified Patent Court will be established in Ireland if the State ratifies by constitutional referendum the International Agreement under which the Court is...

Financial Resolution No. 3: Tobacco Products Tax (10 Oct 2023)

Simon Coveney: I thank everybody for taking part in the discussion. Smoking is still the leading cause of preventable death in Ireland. Approximately 4,500 people per year die because of preventable diseases caused by smoking. We have an obligation to use whatever policy and taxation tools we have to encourage young and not-so-young people away from smoking. One of those tools is to make purchasing...

Financial Resolution No. 3: Tobacco Products Tax (10 Oct 2023)

Simon Coveney: I move: (1)THAT for the purposes of the tax charged by virtue of section 72 of the Finance Act 2005 (No. 5 of 2005), that Act be amended, with effect as on and from 11 October 2023, by substituting the following for Schedule 2 to that Act (as amended by section 47 of the Finance Act 2022 (No. 44 of 2022)): “SCHEDULE 2 RATES OF TOBACCO PRODUCTS TAX (With effect as on and from 28...

Financial Resolution No. 3: Tobacco Products Tax (10 Oct 2023)

Simon Coveney: I can give the Deputy some estimated numbers on that.

Financial Resolutions 2023 - Financial Resolution No. 1: Mineral Oil Tax (10 Oct 2023)

Simon Coveney: It is the biggest CAP budget ever.

Financial Resolutions 2023 - Financial Resolution No. 1: Mineral Oil Tax (10 Oct 2023)

Simon Coveney: It is.

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