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A new move to allow businesses file their annual accounts online is expected to save firms up to €29 million, according to Minister for Enterprise, Trade, and Innovation Batt O’Keeffe.

Research conducted by Irish trade credit insurer Atradius shows that the retail and construction sectors in Ireland are still struggling as economic recovery is under way. The latest Market Monitor to be published by Atradius expects improvement in GDP but this is accompanied by a small increase in unemployment and corporate insolvencies totalling 1,800 cases – up from 1,409 in 2009.

The week in business started off badly for July as shock figures showed that 900 businesses throughout Ireland have ceased trading since the beginning of the year as a result of liquidations, examinerships, or receiverships. In addition up to 2,000 jobs are at risk at Eircom while an expert group has been commissioned to examine the value of all semi-state companies including the ESB and Bord Gais. Despite claims that the country is coming out of recession industries suffering with low consumer spending include retail, wholesale, hospitality, finance and construction. The effect is being felt in Mayo as a number of local companies feature on the latest list of businesses that have folded in recent weeks, some of which are detailed below.