FDI | Business Post

IDA rebrands to align with digital transformation of market

Agency’s revised design features new logo, colour scheme and tagline

Morgan McKinley predicts salaries will remain flat in 2024

New study expects little to no change in salaries next year with pay set to mirror an inflation rate of 3 per cent

Taoiseach: Improvements to infrastructure vital to continued FDI

Leo Varadkar said investment in housing and transport was crucial to maintaining investment from multinationals

Ireland to overhaul corporate tax system after pressure from multinationals

Department of Finance to simplify method of collecting revenue after warnings it puts country at a competitive disadvantage

Climate & Environment

€5.7bn investment in fossil fuels funnelled through Irish corporation tax regime - ActionAid

Social justice charity says multinational operations in Ireland ‘comes at a cost for the world’s poor’

Subsidy wars: Ireland faces fierce global competition as international rivals pile on

US president Joe Biden’s US Inflation Reduction Act and Chips and Science Act have given rise to a high-stakes subsidy race between developed economies

Foreign Direct Investment

'Ireland has not done a great job on infrastructure – that must change’: IDA chief executive

The new boss at the state development agency says the country can compete for large scale investments but warns that the housing crisis risks jeopardising any future wins

Foreign investment to Ireland slows by double-digits in the first half of 2023

Employment creation from multinationals was also down sharply in the first half of the year

Majority of US multinationals plan to hire more staff in Ireland over the next 12 months

A survey conducted by the American Chamber of Commerce Ireland found that 70 per cent of US companies plan to increase employment in the next year

Mazars ‘in Big Four space’ as it targets €100 million revenues

The professional services provider is expecting double-digit growth and plans to increase its workforce to more than 1,000 as it challenges the Big Four accountancy firms

One in five multinationals warn Ireland is becoming less attractive for foreign investment

A new survey by advisory firm EY found that companies believe Ireland is losing its appeal due to its soaring cost base and increased incentives from other markets

Northern Ireland

Trade delegation of US multinationals to visit Northern Ireland this Autumn

The trade visit was first mooted back in April by Joe Biden, who said it had the potential to ‘supercharge’ a new wave of foreign investment into the region that could potentially reach $6 billion

The Big Interview

‘FDI will remain a key part of Ireland’s economic growth story’ – Martin Shanahan, Grant Thornton

The former IDA chief executive is looking forward to expanding the professional services firm’s FDI business and engagement with foreign multinationals

FDI up 15 per cent last year, led by pharma and IT sectors

Pfizer facility in Dublin and Eli Lilly factory in Limerick account for €2.4 billion, while Intel plans to invest €12 billion to expand operations here

Gridlock: Special report into a decade of underinvestment in crucial infrastructure

Underinvestment has left the country’s power, water, housing and transport systems at breaking point while an industry source described Ireland’s slow movement on infrastructure in the last decade as akin to ‘economic treason’

John Walsh: The centre-left needs an economic vision to match its political rhetoric

Getting into government will be one thing for parties like the Social Democrats and Sinn Féin - making a success of it will be quite another, as the fate of Nicola Sturgeon shows

Irish economy’s outsized growth keeps euro-area positive but note of caution attached

The unexpected growth of the euro area in the final quarter of last year is down to Ireland’s outsized expansion, according to economists

The Big Picture

Vincent Boland: Fifty years on from joining the EEC, we have many reasons to celebrate

In 1973, Ireland was a dismal place with a declining population and poor life expectancy; in the 50 years since as Europeans, we have become richer, healthier, we live longer and are better educated

IDA told state infrastructure issues were risk to overseas investment

Inward investment agency told government it was ‘critical’ that Ireland addressed issues around planning, housing and energy if it was to continue attracting companies from abroad

Leo Varadkar: Our prosperity is precious – and here’s how we are protecting it

An Tánaiste Leo Varadkar outlines the government’s new white paper on enterprise, which aims to support Ireland’s current strong economic position