IDA reports 43% rise in foreign firms investing here

The first six months of this year saw a 43% annualised increase in the number of foreign-owned firms investing in Ireland.

Figures published yesterday by IDA Ireland show that over 100 investments were secured in the six months to the end of June, up from 70 for the corresponding period last year.

Of those investments secured since the turn of the year, as much as 40% have come from companies investing in Ireland for the first time; the remainder is represented by expansions and “transformations” by existing firms.