Foreign Investments In Ireland Hit by Stiff Competition, Tech Slowdown
07/05/2023 19:57
Multinational investments in Ireland dropped in the first half of 2023, reducing the number of associated new jobs by a third compared with a year ago, amid a tougher economic environment and stiffer international competition.
Office and apartment buildings on the Grand Canal in the 'Silicon Docks' area in central Dublin.
Photographer: Paulo Nunes dos Santos/BloombergMultinational investments in Ireland dropped in the first half of 2023, reducing the number of associated new jobs by a third compared with a year ago, amid a tougher economic environment and stiffer international competition.
Ireland won 139 investments in the first half of 2023 which could create up to 12,000 jobs in time, according to the state’s inward investment agency. That compared to 155 investments and up to 18,000 jobs in the equivalent period last year, the most successful six months in IDA Ireland’s history.