Think Ireland

Business

Ireland starts from a position of strength from a business point of view.

Our strategic position as the central axis between the American and European markets places us right at the heart of the trading world.

With a tradition of excellence in innovation, and a highly developed work force, Ireland ranks 1st worldwide as a centre for innovation, internationalisation, and quality of life.

According to both Forbes magazine and The World Bank’s ‘Doing Business’ list, Ireland is the #1 most supportive business environment in the euro zone.

Ireland has been a member of the EU for almost forty years and is home to:

  • 9 of the top 10 global pharmaceuticals corporations (e.g Pfizer, Bayer);
  • over 50% of the world’s leading financial services firms;
  • 10 of the top ‘born on the internet’ companies (e.g. Google, Facebook).

Ireland’s three main trade agencies – Enterprise Ireland (goods and services exports, innovation and start-up support), the Industrial Development Authority (foreign direct investment in the MNC/large corporation category), and Bord Bia (food exports and promotion) – all have permanent representation in Russia.

Ireland, in 2014, was ranked as Russia’s 9th largest trading partner, with Russia being Ireland’s 17th most important international, and 6th most important non-EU export market. While economic ups-and-downs distort these positions, analysis of long-term trends shows a resilient, mutually advantageous economic partnership.