irish economy

A Mutually Beneficial Relationship

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The economic relationship between Ireland and the United States is flourishing, thanks in part to a centuries old bond.

While at last month's web summit in Dublin, Ireland I spoke with U.S. Ambassador to Ireland Kevin O'Malley. He says the Irish economy is making a strong comeback and the relationship between the United States and Ireland is better now than before the downturn.

"700 American companies doing business here in Ireland, about 250 Irish companies doing business in the United States, the relationship is blossoming."

He say American companies do well in Ireland because the two countries are very similar and it helps that Ireland's corporate tax rate sits at just 12.5%.  read more »

The Irish Economy

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The Irish economy is moving up and it's getting a boost from the city by the bay.

Christoph Mueller is the CEO of Aer Lingus; an airline that is now offering direct flights between Ireland and San Francisco.

"San Francisco’s always a very difficult destination for every carrier flying from Europe because there’s nothing behind but Hawaii so you are slowly dependent on the local traffic to and from San Francisco."  read more »

Rebuilding Ireland

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Economy's all over the world are trying to re-build; and one country is cutting out the tools needed to do just that.

David Daly is a commercial and residential real estate developer in London and Ireland. I recently talked to him about the state of the housing industry in Ireland. He says the government has done away with the construction industry and any property available is being sold off to the highest bidder.

“House building in Ireland is nonexistent, effectively nonexistent even though there is a market for house building especially in the greater Dublin area so until that becomes priority I’m afraid the Irish economy is going to have its hands out to the European governments and to Germany for the next 10 years.”  read more »

England VS Ireland

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As countries around the world continue to dig out of the recession; some are a lot closer to the light then others.

On a recent trip to Paris I spoke with commercial and residential real estate developer David Daly. Daly does business in Ireland and London and says there is a glaring difference between the two governments; the construction industry.

“The English government has taken a different view about construction they've decided that they see construction as being an inherent part of recovery of their economy and they have removed social and affordable housing from their house building programs.”

Daly says that means builders can sell off 100% of inventory instead of just 60.  read more »