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Wednesday, 12th February 2014

Ibec, Waterford Chamber and Waterford City Council have joined forces to announce details of an upcoming ‘Regional Economic Forum' which will take place on March 12 at Waterford City Hall from 8.30am to 2pm.

The Forum will address a range of business and economic issues impacting on the status and future prospects for Waterford City and the South East Region in terms of investment, growth and jobs. The particular context is the amalgamation of the two Waterford Local Authorities and the unique opportunity this presents to determine a joint public-private regional growth strategy.

This year's review of the National Spatial Strategy also provides an opportunity to highlight the status of Waterford as a Regional Capital and Gateway City and this presents a timely opportunity for the

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Wednesday, 12th February 2014

Waterford-based fashion label to make national debut at Powerscourt Design Centre

Waterford based fashion label, Lutsia, will make its national debut with a "limited edition" of scarves and accessories at Powerscourt Design Centre this Autumn.

Based in the Kite Design Studio, in the heart of Waterford's Viking Triangle, Lutsia received a very positive reaction from buyers at Showcase at the RDS, Ireland's Creative Expo. Showcase actively promotes unique, Irish, design-led products in fashion, crafts, gifts and home accessories and featured almost 450 exhibitors in 2014.

Lutsia was founded by Lucia Domoradova, a second generation seamstress from Slovakia in May 2013. She was delighted with the response to her collection at Showcase, "It was a great opportunity for a start-up like ours to be at the centre of the fashion and craft industry. We were supported

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Wednesday, 5th February 2014

John Smiles

Qualified Financial Advisor

What is Assets Risk

Classification?

Before investors put their cash into a particular asset or asset class, they first seek to gauge the returns and risk they could expect from the different types of assets available. Fund managers constantly seek this type of information in order to maximize returns for investors – this leads to what is termed as "the herd mentality", where too many investors rush into the markets blindly chasing stocks they've heard about and try to make a big score overnight.

Modern portfolio theories have proven through research that this does not make money consistently over the long term. Instead they suggest the best way to invest is to pick assets that deliver the kinds of returns you're looking for with the amount of risk you can handle. Returns are important and most investors fixate on returns.

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Wednesday, 5th February 2014

Prime city centre licensed premises presently operating as The Front Lounge is now available to let. On the market with Sherry Fitzgerald John Rohan, 38/39 John St comprises a spacious two storey seven day licensed premises in the heart of Waterford's entertainment district. Immediate occupiers include The Foundry Nightclub, The Woodman Bar, Sinnotts, Masons, Revolution and Dignity. The Manor Street campus of Waterford Institute of Technology is only a short walk away.

The property offers accommodation circa 389 sq m over two floors incorporating a bar, lounge and ancillary services on the ground floor with storage on the first floor. The premises commands a prominent trading position and enjoys extensive street frontage and is in walk in condition. The traditional interior combined with spacious practical layout provides a welcoming comfortable ambience for customers while also allowing easy and efficient service and

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Wednesday, 29th January 2014

Does my Mortgage

Protection Policy cover mortgage arrears?

A study of the Central Bank's most recent quarterly arrears report, which looked at the growing arrears on the 100,000+ Irish homeowners in difficulty, has found that many of these families are also significantly underinsured as a result. This is because when the mortgage repayments fall behind, not only do homeowners fall into arrears, but their Mortgage Protection cover also becomes insufficient. These homeowners will inevitably find that a substantial proportion of their mortgage debt will remain outstanding should either party die unexpectedly and the mortgage policy pays out. This may come as a shock to a surviving spouse or partner at a time when they can least afford it, as the standard Mortgage Protection policy used in Ireland simply doesn't allow for arrears, particularly at the current scale.

When homeowners take out a mortgage

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Wednesday, 29th January 2014

Bibby Financial Services, the world's largest independent invoice finance company that provides €1billion funding to over 7,000 SMEs globally, has launched a new €60 million fund for small and medium-sized Irish businesses.

The fund, open to Waterford-based companies, is aimed at Irish SMEs that need to generate cash flow to sustain or grow their businesses.

Bibby Financial Services Ireland (BFSI) supports SMEs by giving them access to cash tied up in invoices through invoice financing.

'Like all SMEs, our clients sell goods and services and many under their credit terms have a 60 or 90 day wait for payment. With day-to-day operating costs and staff salaries to pay, this arrangement is sometimes unsustainable for Irish SMEs. BFSI offer an alternative and more flexible source of finance called invoice finance where we buy those invoices, generating cash for the business,' said Ronan Horgan, newly

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Wednesday, 29th January 2014

Farmland Prices Stable But Sales Up Last Year – Finds Ganly Walters In New National Survey

Although the national trend in agricultural land values seems to have stayed steady, the number of land sales is well up. The price of Irish farmland last year was almost exactly the same as that for the previous year, finds leading estate agents Ganly Walters in a new national annual survey. In its national survey on agricultural land prices, carried out annually by Ganly Walters and published this month, it was found that the average price paid for

agricultural land across the entire country in 2013 was €10,500 per acre. In 2012 it was €10,586 per acre.

"This is a remarkably similar figure to that paid in 2012, so small a decrease overall nationally at just €86 per acre as to be totally insignificant", says Robert Ganly,

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Wednesday, 29th January 2014

Irish League Of Credit Unions Launch Results Of December 2013 'what's Left' Tracker

The Irish League of Credit Unions (ILCU) has published the final 'What's Left' tracker 'of 2013. The research, which has been running since the April 2011, now enters its fourth year.

Since its inception in 2011, the tracker has followed how ordinary people around the country have been impacted by austerity and recession and through the research, we have seen the huge impact the shift in the economy has had on family finances, resulting for some, in a day to day struggle to make ends meet.

Over the past six months the tracker research has revealed more positivity among the population and in terms of personal finances we are perhaps seeing the beginning of recovery or maybe simply that people, having adapted to the prevailing economic conditions, are more able

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Wednesday, 22nd January 2014

What is ESMA?

John Smiles

Qualified Financial Advisor

The European Securities and Markets Authority [ESMA] is an independent EU Authority that contributes to safeguarding the stability of the European Union's financial system by ensuring the integrity, transparency, efficiency and orderly functioning of securities markets, as well as enhancing investor protection.

A security is a collective term for stocks, bonds, collective investment schemes and other investment products. ESMA fosters supervisory convergence both amongst securities regulators and across financial sectors by working closely with the other European Supervisory Authorities competent in the field of banking (EBA), and insurance and occupational pensions (EIOPA).

ESMA's work on securities legislation contributes to the development of a single rule book in Europe. This serves two purposes:

- It ensures the consistent treatment of investors across the European Union, enabling an adequate level of protection of investors through effective regulation and supervision.

- It

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Wednesday, 22nd January 2014

Minister Jan O'Sullivan allocated €38.4m to local authorities for a range of private housing grants in 2014. The increased funding supports home adaptations for older people, people with a disability and people with mobility issues.

Commenting on the allocation the Minister said, "last year the budget allocation for these grants was €34.2m. I am pleased to be in a position to increase that funding by 11% in 2014 to €38m. Every local authority has increased funding for grants compared to the initial allocation in 2013. Last year these grants assisted 7011 households and this year I expect that some 7800 households will benefit from the schemes."

The Minister also stated that in line with practice in 2013 she expects to be in a position to make an additional allocation to these grants later in 2014. "Through the careful management of my Department's

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  • Our View

    Time for a breakJust as the height of Summer begins it seems that it is also the time when our politicians begin their yearly departure from Dail Eireann. While not many professions get as much holiday time as politicians do you have to ask the question whether they merit such long breaks?There are many who would immediately answer that they don't really deserve such long holidays, that they barely seem to spend any time in the Dail at all and after all they are well remunerated for the long hours …

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