The Futures Bright


Movement of goods and people is key to any economy and Dublin is addressing the increase in volume by investing in redevelopment, we speak with Pat Ward Head of Corporate Services Dublin Port Company to find out what’s on the horizon

New European Economy: Dublin has had a steady increase in traffic and cargo recently as well as major international cruise liners. What sort of figures are Dublin Port Authority currently doing compared to before 2008?

Pat Ward: Dublin Port’s volumes are growing rapidly. In the three years from 2013 to 2015, cargo volumes grew by 17.3% and, in the first half of 2016, they grew by a further 8.0%. Total throughput for 2015 was 32.8 million gross tonnes with 7,166 ship arrivals in the year, exceeding the port’s previous record levels of 2007. Looking specifically at the ten year period from 1997 to 2007, throughput at the port was increasing year on year, growing from 16.9 million gross tonnes to the previously held record of 30.9 million gross tonnes in 2007. This has since been eclipsed by the growth of 2015. Were these recent rates of growth to persist into the future, the Port’s volumes would double over the 13 years to 2026.

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Dublin: Gateway to Europe



Once considered something of an outpost in a mostly forgotten corner of Europe, the capital of Ireland and chief driver of the country’s economy is now seen by many as the gateway to the continent. With the worst ravages of the global recession, which hit the Celtic Tiger so hard, seemingly behind it, Dublin has become an innovative, efficient global FDI hotspot and trade hub to be reckoned with.

Currently placing third and moving up in the FDI European City of the Future 2016/2017 rankings, it’s clear this compact Western European metropolis has much to offer the astute investor, with the software and IT sector showing particularly strong in the stats. So much so, in fact that Dublin Docklands has had bestowed upon it the moniker of “Silicon Docks”, given the large volume of major US tech companies the city has managed to attract there, a trend that shows no sign of abating.

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Shannon commercial properties, building for the future


Shannon Commercial Properties, a commercial property company located on the west coast of Ireland and focused on developing its extensive core property portfolio, has embarked on a €21 million first-phase investment programme at Shannon Free Zone, the world’s first tax free trade zone (established in 1959). Over the next five years Shannon Commercial Properties will construct advance manufacturing units and office blocks as well as the upgrade of some of its existing core assets at Shannon Free Zone, the largest business park in the portfolio. A 600-acre business park containing over 150 companies employing over 7,000 people, Shannon Free Zone is the largest multi-sector business park in the Atlantic Corridor.

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Sentio – Your Corporate Finance Partner


Sentio is an independent Estonian corporate finance firm with Pan-Baltic, Scandinavian and other international network contacts. The company was founded in 2003 with an objective to provide fast, flexible and professional corporate finance services. Sentio is also an associate founding member of the Estonian Venture Capital Association, an affiliated member of the Wyn River advisory firm network (a network of highly experienced independent associates focused on improving business performance across Central, South East and Eastern Europe, the Caucasus, Central Asia and Africa) and a member of the Estonian Chamber of Commerce and Industry.

The Sentio partners have over 15 years of private equity investment, corporate finance and consulting experience with medium-sized companies, which provide us outstanding contacts with business and finance leaders in Estonia and in neighboring markets. The company is also well connected with different Nordic and Baltic private equity funds.

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Digital Economy Estonia: From IT tiger to the World’s Most Pre-eminent e-state


Despite its small population of just 1.3 million, Estonia is punching well above its weight on the global stage. It’s an active member of the European Union and most international organisations and ranks very well by most global measurements when it comes to the business environment: first in the International Tax Competitive Index, third in the Index of Economic Freedom in the EU (ninth in the world), sixth in Trading Across Borders, 14th in Ease of Doing Business, and second in Internet Freedom. Indeed, were the internet to have a postal address, it would most likely be in Estonia. It has a reason to be proud of its highly developed telecommunications network.

In just 20 years, Estonia has become one of the most wired and technologically advanced countries in the world – a true digital society. With internet access declared a human right, some of the fastest broadband speeds in the world widely available all across the country, and digital public services embedded into the daily lives of individuals and organisations, the country is now commonly called “e-Estonia”.

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A New Deal


New funding soon to be changing the business landscape of Inverness and the wider Highlands area Pulls New projects funded by the City Deal will focus on the attraction and retention of young people in a region that has traditionally seen their out-migration.

In March this year it was confirmed that Inverness and the wider Highlands area would benefit from a £315 million investment deal to improve transport links, digital connectivity and develop the region as a science and technology hub. This landmark investment comes from three main sources. Over a 10-year period the UK Government has committed £53.1 million, £127 million is from the Highland Council and its regional partners and the Scottish Government has committed a further £135 million. This significant funding agreement provides a transformative opportunity for Inverness and the Highlands. As investment is delivered it will help to position Inverness and the wider Highlands as a region of digital opportunity and strength, creating the best digitally connected rural region in Europe.

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Dreams versus Reality

old classic

Cuba looks like a profitable investment destination, and the Caribbean country is in search of foreign funding to become the new nucleus for global trade.

Home to more than 11 million consumers, it is only 198 nautical miles from the Port of Havana to the Port of Miami, and European businesses have already set up home on the island. But is it still risky business?
Cuba’s communist government first opened to international firms in the 1990’s during the financial crisis instigated by the collapse of the Soviet Union. So far the results have been mixed, with approximately 60% of the foreign investment projects closing down. While the 2011 market-oriented reforms were meant to create a more productive economy, Cuba’s growth from 2011 – 2013 averaged at only approximately 2.3% per year, and dropped to a 1.3% expansion in 2014. Barack Obama’s visit to Cuba last month was the first time a US president visited since Calvin Coolidge in 1928, with many hoping that the island nation’s virtually non-existent foreign business investments would get a kick start.

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Jersey – Stable Platform with a Global Dynamic

Jersey Shoreline

In today’s competitive globally-focused commercial landscape, having a stable, business-friendly platform has never been more important, and the Channel Island of Jersey is finding it consistently ticks the right boxes across a broad range of business sectors.

Locate Jersey, part of the Economic Development Department within the Government of Jersey, is the body responsible for promoting, attracting and retaining inward investment for Jersey by focusing efforts on economic growth and supporting high value individuals and their families who are looking to relocate.

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