US leads foreign direct investment here

THE US remains the biggest source of funds for foreign direct investment (FDI) in Ireland, figures released by the Central Statistics Office (CSO) yesterday reveal.

The latest figures available for 2002 show that at the end of the year, inward investment stocks stood at €176,124 million.

The US and the Netherlands accounted for €97,362m or over half of the total FDI stock in Ireland, roughly similar to the situation at the end of 2001.