200 jobs created in double boost
More than 200 jobs are to be created with the expansion of two firms in Cork, it has been announced.
Hedge fund administrator HedgeServ said it will take on 150 staff as it opens a second operation in Ireland.
The financial services company already has offices in Dublin, where it employs more 380 workers.
Recruitment has already started for its new facility in City Gate Park in Mahon, Co Cork.
The expansion is being backed by the taxpayer through State investment agency IDA Ireland.
Taoiseach Enda Kenny said the new jobs will be a great boost for the local economy.
"The international financial services sector is a key target for jobs growth in the action plan for jobs and today's announcement is a positive sign of progress in this area," he said.
"This is made possible by our best asset - our people - and I am delighted that we are seeing new opportunities in Cork for our talented, flexible workforce."
Separately, the Taoiseach also announced the creation of 51 jobs at Cork-based Westbourne IT Global Services.
The positions will be opened over the next year and a half, in a move supported by Enterprise Ireland, the State agency which helps homegrown businesses to grow.
Mr Kenny said 2014 would be a good year for Cork as the economy begins to recover.
"It has already started well with significant jobs and investment announcements in the city and region," he said.
"A thriving Cork will be good for all local businesses and will help create new jobs."