Belfast Telegraph

Republic of Ireland in line for jobs surge

The IDA – the Republic's job creation agency – expects to attract 80 new multinational firms to Ireland this year and is targeting the creation of 6,000 jobs, according to the outgoing head of the agency, Barry O'Leary.

Mr O'Leary, who is due to step down from the organisation in the coming months, also said that the IDA has an additional target of 80 "new investments" from multinational firms already here.

He said that the agency will continue to have an emphasis on tech firms.

"We hope to get 160 new investments, of which between 70 and 80 will be companies that are new to Ireland," he said.

"We also hope to get around 80 new investments from companies already operating here."

The combined projects will hope to yield at least 6,000 "net" jobs and up to 13,000 "gross" new jobs overall.

A further jobs announcement from an internet technology firm is expected to be announced later this week. The news comes amid signs that overseas technology firms are clamouring to come to the Republic.

A recent survey by AIB and Amarach Research of Ireland's 27 technology 'accelerator' funds revealed that the one in five applications now comes from overseas start-up firms.

Last month, the head of the Irish engineering facility of online travel website Tripadvisor said that US technology firms increasingly look to Ireland as a "natural" base in which to set up an international headquarters.

Belfast Telegraph