Euro Exim Bank

CELTIC PHOENIX

Ireland’s foreign direct investment credentials are second to none. The industriousness and spirit of entrepreneurialism that marks its people has ensured it has swiftly risen like a phoenix from the ashes to put behind it the ravages of the global financial crisis which began in 2008, and which hit the country harder than most. A host of infrastructural developments across the country have cemented Ireland’s claim to be Europe’s Western gateway, with the jewel in the crown undoubtedly being Dublin Port, which has recorded impressive growth as it continues to expand in accordance with its Masterplan. Moreover, the ongoing transformation of the Port is having a profoundly positive ripple effect on the surrounding city region and beyond in terms of driving investment. Cumulatively, the Port has become central in catapulting the country up the league table of FDI prospects, and helps to position this English-speaking region favourably to investors looking at an imminent post-Brexit commercial landscape.

Innovation and efficiency have become the watchwords when it comes to Ireland, and nowhere is this more apparent than in Dublin, the capital. Here, tech companies of international renown, such as Facebook, Google, Amazon, Microsoft, Accenture and Airbnb have elected to call the Fair City home, such that Dublin Port has become known as “Silicon Docks”. Meanwhile, elsewhere in the country global giants Apple, HP and Intel have also set up shop, attracted by a skilled and plentiful IT workforce and favourable tax conditions.

What’s more, they’re not going anywhere, in spite of a recent European Commission anti-state aid ruling against Apple regarding a retroactive tax bill, given Ireland’s credentials on so many other fronts. In addition, it remains to be seen whether the European ruling actually has any teeth, since both Apple itself, which points to its status as the world’s largest taxpayer, as well as the Irish Government, which sees the decision as blatant interference in internal sovereign matters, are contesting the matter.

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LIMERICK RENAISSANCE TAKING HOLD

Limerick

There’s a buzz word abounding Limerick these days and it is ‘renaissance’.

Eight years ago Limerick was at the eye of a perfect storm whipped up by global and local economic tornados. Today, it has not alone rode those out but dusted itself off and embarked on a major transformative plan that is already reaping very significant rewards. The fulcrum of a region of almost 400,000 people, Limerick’s growth is now outpacing the vast bulk of cities across Europe. In the city itself employment levels have grown exponentially with record FDI related job creation achieved over the past three years alone. Couple that with a newly unified and streamlined local authority, unprecedented investment plans, a thriving third level sector and you most definitely have a comparable city on the rise.

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The Futures Bright

Pat

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

 

DUBLIN CITY

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.

FDI
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

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

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

TALLIN 

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

Inverness-city

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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