Opening Bell: Ireland defends Apple, positive 2017 outlook, Liffey Valley sold

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Ireland's economy will continue to prosper, despite the seismic shift in global economic and political movements.

That's according to an EY Economic Eye report which found the Irish economy is forecast to grow by 2.7% per annum over the next four years and employment will continue to rise.

It predicts a boost in jobs in the retail, construction and communication sectors, along with a growth in consumer spending.

It found that while Brexit has created severe uncertainty for businesses and consumers North and South, the outlook is far more positive than initially expected.


The Government has accused the EU Commission of misinterpreting Ireland's tax laws in relation to Apple.

In September, the Commission ruled that Ireland should recoup €13 billion in back taxes from the tech giant.

Today, the Department of Finance has published a list of legal arguments over the decision.

It includes claims that the Commission has wrongly rejected expert evidence submitted by Ireland and has exceeded its powers.


The Liffey Valley Shopping Centre has been purchased for over €630 million.

The centre, along with seven hectares of adjacent development land in west Dublin, was acquired by Germany's largest public pensions group, Bayerische Versorgungskammer (BVK). 

The sale was agreed in October. Former owners Hines will continue to act as asset and development managers for the centre.


Two in five British firms will recruit more staff next year, despite Brexit.

The Certified Business Intermediary (CBI) is predicting that growth in permanent jobs will overtake temporary positions for the fourth year in a row.

But its report also warns that the vote to leave the EU has shaken business confidence in the UK's labour market.