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Written Answers — Job Creation: Job Creation (19 Jan 2011)

Batt O'Keeffe: The role of my Department is to ensure that we have the right policies in place to support and grow our enterprise base in order to facilitate job creation. The State Development agencies under the aegis of my Department – Enterprise Ireland and the IDA, are continuing to drive and promote enterprise development, and consequently employment creation in our economy. Budget 2011 saw €508...

Written Answers — Enterprise Support Services: Enterprise Support Services (19 Jan 2011)

Batt O'Keeffe: Within my area of responsibility my priority is to ensure that the business environment in Ireland continues to be supportive of enterprise and export growth, and encourages growth in all areas of the economy including entrepreneurs in both the start-up and development phases. The State directly assists both start-ups and developing small and medium enterprises via the supports offered by the...

Written Answers — Industrial Development: Industrial Development (19 Jan 2011)

Batt O'Keeffe: One of the high level goals in the IDA's strategy document "Horizon 2020 " is a commitment that, by 2014, 50% of all FDI investments will be located outside of Dublin and Cork. Foreign Direct Investment (FDI) in Ireland increased significantly in 2010, despite global economic uncertainty. IDA has continued to increase the number of companies investing in Ireland for the first time while...

Written Answers — Proposed Legislation: Proposed Legislation (19 Jan 2011)

Batt O'Keeffe: As regards credit institutions and insurance companies, which come within the aegis of my colleague the Minister for Finance, the Central Bank issued last November the corporate governance code for credit institutions and insurance firms which sets out minimum statutory requirements on how banks and insurance companies should organise the governance of their institutions. The Code applies to...

Written Answers — Departmental Agencies: Departmental Agencies (19 Jan 2011)

Batt O'Keeffe: As one of the commitments in the National Recovery Plan 2011-2014, (Section 2.2.5, Page 34 and Section 2.5.2, Page 42) published on 24 November 2010, the Government has decided to extend the 15 day prompt payment rule beyond Government Departments to the wider public sector, in order to further assist the cash-flow of SMEs. In addition, under Section 2 (IV), page 13 of the EU/IMF Programme of...

Written Answers — Enterprise Support Services: Enterprise Support Services (19 Jan 2011)

Batt O'Keeffe: Forfás, working with officials from my Department, is at present developing an evaluation framework which will facilitate a review of the effectiveness of State agency support for enterprise. The framework is designed to robustly measure the appropriateness, effectiveness and efficiency of programme objectives and delivery. I expect that the development of the evaluation framework will be...

Written Answers — Credit Availability: Credit Availability (19 Jan 2011)

Batt O'Keeffe: I have met with Allied Irish Banks and Bank of Ireland throughout 2010 to discuss the availability of bank credit for businesses, especially SMEs. I last met with AIB on 9 November 2010. My officials met with Bank of Ireland on 17 December 2010. At these meetings, the banks were reminded of the purpose of the recapitalisation package and of the huge investment of taxpayers' money into the...

Written Answers — Job Losses: Job Losses (19 Jan 2011)

Batt O'Keeffe: Last year in response to the developments in Quinn Insurance and its impact on the employees' jobs, I established an inter-agency team comprising Enterprise Ireland, FÁS, IDA Ireland, the relevant County Enterprise Boards and the Department of Social Protection. The group meets regularly under the chairmanship of Dan Flinter and while I have not attended the meetings of the group, the...

Written Answers — Job Losses: Job Losses (19 Jan 2011)

Batt O'Keeffe: There are nine EU Directives due to be transposed by my Department. One of these Directives is currently overdue. Directive 2009/125/EC establishing a framework for the setting of ecodesign requirements for energy-related products was due to be transposed on 20 November 2010. However, work on the implementation of this Directive is at an advanced stage and it is anticipated that the...

Written Answers — Departmental Expenditure: Departmental Expenditure (19 Jan 2011)

Batt O'Keeffe: The National Recovery Plan sets out the strategy to underpin Ireland's economic recovery by restoring stability to the public finances, improving Ireland's cost competitiveness, stimulating enterprise growth and job creation. As part of the Plan, the Government has prioritised capital investment for the Enterprise Agencies over the next four years with the provision of €2.2 billion. In...

Written Answers — Construction Industry: Construction Industry (19 Jan 2011)

Batt O'Keeffe: As I outlined in my reply to Question No. 46 on Thursday 2 December 2010, my colleague, Mr. Brian Lenihan T.D, Minister for Finance is, on behalf of the Government, supporting Senator Feargal Quinn's Construction Contracts Bill 2010 (No. 21 of 2010) which is currently before the Seanad. The main objective of the Bill is to provide a payment and adjudication mechanism to resolve payment...

Written Answers — Enterprise Support Services: Enterprise Support Services (19 Jan 2011)

Batt O'Keeffe: The National Recovery Plan provides a policy blueprint for Ireland's return to sustainable economic growth and builds on previous Government initiatives such as Building Ireland's Smart Economy and the recent Strategy for Trade, Tourism and Investment. It identifies the areas of activity which will provide increased employment opportunities as Ireland's economic recovery takes place....

Written Answers — Parliamentary Questions: Parliamentary Questions (19 Jan 2011)

Batt O'Keeffe: The information sought by Deputy Hayes was quite detailed and covered almost a 4-year period. Nonetheless, my Department has reported to me that it has almost concluded the collation exercise and I anticipate the information issuing to the Deputy in the coming days.

Written Answers — Job Creation: Job Creation (19 Jan 2011)

Batt O'Keeffe: The role of my Department is to ensure that we have the right policies in place that will support and grow our enterprise base in order to facilitate both job creation and job retention. The National Recovery Plan, which was published by the Government on 24th November, provides a blueprint for Ireland's return to sustainable economic growth. It identifies the areas of activity, which will...

Written Answers — Economic Competitiveness: Economic Competitiveness (19 Jan 2011)

Batt O'Keeffe: Europe 2020, the European Union's new strategy for smart, sustainable and inclusive growth, was finalised by the European Council in June 2010. A total of seven "Flagship" Initiatives which will underpin the strategy are at various stages of development by the European Commission. Commissioner Geoghegan-Quinn and Commissioner Tajani launched two Flagships Initiatives in the second half of...

Written Answers — Departmental Mission Statements: Departmental Mission Statements (19 Jan 2011)

Batt O'Keeffe: Since commencing my role as Minister for Enterprise, Trade and Innovation, I have, together with my Ministers of State and officials in the Department, devoted considerable time and efforts to driving our mission which is centred on the promotion of policies and initiatives to create an enterprising, entrepreneurial, innovative and appropriately regulated, competitive economy in support of...

Written Answers — Economic Competitiveness: Economic Competitiveness (19 Jan 2011)

Batt O'Keeffe: The Annual Competitiveness Report, which is published each year by the National Competitiveness Council, sets out the factors which the Council believes are important for Ireland's competitiveness. These factors generally affect all areas of the economy, including the manufacturing and services sectors. The factors affecting Ireland's competitiveness have changed considerably over the last...

Written Answers — Retail Sector: Retail Sector (19 Jan 2011)

Batt O'Keeffe: The sale of alcohol is essentially regulated by the liquor licensing laws, which are the policy responsibility of the Minister for Justice and Law Reform and I have no direct function in this matter. The use of sales promotions and pricing strategies in any business is a legitimate marketing tool and is the normal outcome of the competitive process. I have no direct function in relation to...

Written Answers — Retail Sector: Retail Sector (19 Jan 2011)

Batt O'Keeffe: The use of sales promotions and pricing strategies in any business is a legitimate marketing tool and is the normal outcome of the competitive process. I have no direct function in relation to such practices which are a matter for the retailer and are not an offence unless they involve abuse of a dominant position. A determination on whether a retailer is abusing a dominant position in the...

Written Answers — Retail Sector: Retail Sector (19 Jan 2011)

Batt O'Keeffe: In respect of those retail stores that are organised as limited companies, the contents of the financial statements including the profits of those companies are governed by relevant Irish and EU Company Law and by the applicable accounting standards.

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