Ireland Business Directory
While Ireland has about 1% of the European Union's population, it receives
25% of US investment in manufacturing industry in Europe. Since 1980, 40% of
all inward investment in the European electronics sector has been based in
Ireland. Five of the world's ten largest software companies have development
or production facilities in Ireland and 60% of all software packages sold in
Europe are produced in the country. Ireland is now the largest exporter of
computer software on the planet. Thirteen of the world's top fifteen
pharmaceutical companies have R&D and/or manufacturing operations in
Ireland. The Dublin International Financial
Services Center is the prime return on investment location within
the EU for the financial services industry.
The Euro - simplifying business across Europe
Ireland has been a full member of the Euro Currency Zone since its
inception.
The Euro lowers the administrative and financial costs of trade by
simplifying accounting for cross border transactions and eliminating foreign
exchange dealing costs. The Euro makes it easier for internationally
active companies to exploit economies of scale, reduce operational
complexity, cut costs, and enforce consistent business practices by moving
to a pan European shared service model.
Payments denominated in Euro made from any Eurozone
country are cleared for same day value in Ireland. Many MNCs have
centralized their European or Global treasury management operations in
Ireland to benefit from access to the Euro same day electronic payment
infrastructure.
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