Breakfast Business with Joe Lynam

For years bankruptcy meant a financial life sentence for small business owners and little prospect of a second chance.  But it’s been almost 2 years since the introduction of the new Small Company Administrative Rescue Process - known as SCARP, which has radically simplified and shortened the insolvency process for SMEs.  Today the accountancy firm formerly known as Baker Tilly and now known as Azets published its SCARP index, which claims that 561 jobs have been saved as a direct result of the new scheme.  Speaking to Joe this morning was Dessie Morrow Partner for Corporate Recovery with Azets. 

  It’s Romania’s national holiday today. The home of Transylvania, Georgi Hagi, Dracula, and Dacia cars is also Ireland’s 19th largest trading partner.  Trade between the 2 nations is worth €1.4bn.   Laurențiu Ştefan is the Romanian ambassador to Ireland joined Joe this morning.

A look at Friday's business news and markets with Joe Lynam and Aidan Donnelly from Davys.

A look at Friday's business news and markets with Joe Lynam and Aidan Donnelly from Davys.

Earlier this week we reported that pausing or blocking the construction of further data centres in Ireland would have a major economic impact on the future health of the economy.  The boss of one of the biggest data centre companies in Ireland Equinix, Peter Lantry said the own goal had already been kicked and the ball was about to hit the back of the net.  Speaking to Joe this morning was Peter Lantry from Equinix.