Ireland the only country to identify Brexit as a significant challenge
A survey of European businesses, published on 30th November 2016 by EUROCHAMBRES, has revealed that Brexit is not considered a concern for most companies. The survey, which was conducted in autumn 2016 and had 50,500 respondents from across Europe, asked businesses to rank the main challenges they believed they faced in 2017. While Irish firms identified the impact of Brexit as the second biggest challenge to the development of their business after labour costs, only 9.6% of European businesses registered Brexit as a challenge at all.
Commenting on the results, Nick Donnelly, Chief Executive of Waterford Chamber said, “This survey confirms that Irish businesses are feeling significantly more exposed to the impact of Brexit than businesses in the rest of Europe. According to Irish firms, Brexit will be the second most difficult challenge for them in 2017 with firms only identifying labour costs as a greater threat. 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.”
“We believe that this perspective will have implications for the approach adopted by member states to any future negotiations on the UK’s exit. If European businesses do not see the importance of maintaining close trade relationships with the UK, they are far less likely to support a pragmatic approach to negotiations.”
“From our engagement with our European partners we had anticipated this response. Other European countries are far more preoccupied with issues like the migrant crisis, climate change, Russia’s expansion into Crimea, and long term youth unemployment. We believe there is a role to play for Ireland’s business community to help our counterparts in Europe to 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.”
The Waterford Gift Voucher encourages shopping in Waterford and helps boost the local economy. The Voucher Scheme was launched in 2013 and has been strongly supported by many employers in Waterford – directly helping over 130 participating businesses (full list here).
As year-end approaches, we ask employers to consider the Waterford Gift Voucher when rewarding their employees for Christmas or performance-related bonuses. This form of support will make a significant difference as we work to protect existing jobs and drive the local economy.
Under the Revenue Commissioners approved ‘Small Benefit Exemption’ scheme, a company can award staff up to €500 as a once-off payment, tax free.
Please call 051 872639 to place your order and specify the total amount of vouchers and the denominations required.
Should you require additional information on the scheme, or wish to meet to discuss any details, then please contact us at 051 872639 or
Where: The Parlour Vintage Tea Rooms, 2 Georges St, Waterford
Waterford Chamber Skillnet, Department of Social Protection, Waterford City LES, & Waterford Area Partnership will host an employer event on Wednesday 7th December in Parlour Vintage Tearooms from 10.00-12.00.
This event will offer an opportunity to local employers to find out about the incentives and resources available to them and their business.
Employers are encouraged to drop along any time on the morning to enjoy cream tea as well as a chat to representatives from the organising agencies.
to let us know if you are available to join us.
Waterford Chamber and Bank of Ireland invite you to our 'Inspiring Women in Business Lunch' at the Athenaeum House Hotel on Friday, 2nd December from 12.00–2.30pm.
Guest speaker is Ruth Beadle, General Manager at Sanofi Waterford.
Ruth has over 20 years of leadership experience across food, consumer goods and pharmaceutical industries. She has held Supply Chain, ERP Implementation, Operations and HR roles with Bass Brewers UK, Britvic Soft Drinks UK & Waterford Crystal.
Ruth joined Genzyme in 2007 as Supply Chain Manager and led the Waterford Global Quality Standards Program up to 2011 when she was appointed Director of Supply Chain.
2013 saw Ruth responsible for the Site Product Transfer Program before moving to her current position as Site Head in 2015.
Ruth holds a Bachelor of Commerce from University College in Dublin and a Diploma in Management Studies from the Nottingham Trent University.
Bookings: €30 per person, includes two-course lunch and mulled wine reception. Contact Sheila Quinn at 051 872639 or
Over 250 members of the Waterford business community gathered at the Tower Hotel on Friday evening last for a very successful, Waterford Chamber Annual Dinner accompanied by a wonderful contribution from the guest speaker founder of Pieta House Joan Freeman who told the audience that the people of Waterford are an example of a community of coming together.
Opening the evening, Mayor of the City and County of Waterford, Cllr Adam Wyse said: “It’s important that we use these opportunities to network and to further improve relationships which allow us as Waterford Council, Waterford Chamber, local traders and as people to work as a collective for one goal. That goal is for the people living and working in this city to be happy and to enjoy what they have around them. That can only be achieved as a collective, I strongly believe that.
Very soon we will have one of our biggest and most entertaining events kicking off. Winterval will begin and we are confident that it will be another major success. I simply could not imagine Waterford without Winterval anymore. We have truly become Irelands Christmas location. This festive period is extremely important for all of our local traders and it’s their continued support and sponsorship which has made the festival so successful in the past and will ensure its success into the future. I would encourage everyone here to support Winterval as much as possible.
We are not just a retail centre. We are not just a festival city. We are not just a coastline and we are not just the Viking Triangle. We are Ireland’s Oldest City, we are a city of innovators, artists, statesman, and legislators and most importantly, we are a city of hard workers. So let’s continue on this path and ensure everyone sees that Waterford is vibrant, safe and also a whole lot of fun.” Mayor of Waterford concluded.
Speaking at the event and welcoming the guest speaker on the evening was President of Waterford Chamber, Mr Laurent Borla said: "This annual dinner is a great occasion for the business community to recognise and acknowledge what is good about Waterford. We face many challenges but we are also creating many opportunities. The story of Pieta House shows us that motivated and resilient people like Senator Joan Freeman can transform our community. As business leaders, we have a responsibility to demonstrate vision, courage and drive to shape a better future for all."
Speaking on the evening Joan Freeman said “From the beginning I felt part of a mighty community – a community who loved their neighbours and who in essence loved humanity. The people of Waterford are a perfect example of a community coming together to bring a life-saving service for the most vulnerable men, women and children in their city.”
The Annual Dinner was sponsored by Liberty Blue Estate Agents and the drinks reception was sponsored by McDonald Dwyer Reddy & Byrne Insurances.