Updated: 19/01/17 : 12:46:38
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No election in 2017 says Taoiseach

Taoiseach Enda Kenny has said there is no prospect of an election in Ireland this year.

Speaking to CNBC in Davos, where he is due to attend an informal gathering of heads of government and meet senior executives from a range of multinationals, the Taoiseach said he was "confident and optimistic" that Ireland would be able to attract more foreign direct investment, potentially as a result of Brexit.

He said that banks will not hang around to make their decisions after Brexit, and said Dublin is a great location for financial services companies.

RTÉ reports tha Mr Kenny said that Ireland wants a good relationship with Britain, and good relations between Britain and the European Union.

He said that it has been agreed that there will be no return to the borders of the past, or customs posts.

He said he expects the issue of citizenship to be dealt with early in the Brexit negotiations.

Mr Kenny held a ten-minute "private" meeting with British Prime Minister Theresa May in a restaurant in Davos last night, according to officials.

The meeting, which took place in the Altes Schāfli restaurant in the Swiss ski resort, was the result of a "coincidental" encounter.

Ms May was attending the World Economic Forum to give a special address to delegates on Britain's aspirations towards global trade once the UK leaves the EU.

Mr Kenny will later deliver a speech to the heads of at least 45 global corporations at a dinner hosted by IDA Ireland.

The Taoiseach is on his sixth visit to the Swiss ski resort and he will meet executives from a range of companies. He met Sheryl Sandberg of Facebook earlier this morning.