You are here: Home › Ireland 2018

Field Updates from Ireland

For the fourth straight year, Ireland emerged as Europe's fastest-growing economy, consolidating its position as the region’s most attractive investment destination. As the remaining English-speaking European country with friction-less access to the United Kingdom, the European Union and the United States, Ireland also has developed dynamic industries, such as ICT, medical technology and life science.

With Takeda’s takeover of Irish biotech company Shire, the largest overseas acquisition by a Japanese company, Japan has cemented its status as the largest Asian investor in the country, bolstering the Japanese presence in the business landscape.

The Japan Times, in partnership with Global Media Inc., is tentatively set to publish a Special Report on Ireland in October. The report will celebrate the 60th anniversary of  diplomatic relations between Ireland and Japan by highlighting the success stories of this bilateral relationship and identifying more opportunities for growth.

Ysah Shio and Kenzie Du report from the field. Follow their real time updates here and here.

From Dublin, Irish business groups champion more globalization

Ireland is grabbing the spotlight away from its European neighbors after having posted GDP growth of 7.3 percent last year, three times faster than the EU average. While some observers may caution that multinationals account for a huge part of Ireland’s impressive growth, it is worth noting that the country’s domestic sector grew 4.9 percent, still much higher than the bloc’s average.

Once dubbed the Celtic Tiger in the mid-1990s, Ireland has recovered from a devastating economic recession in 2014. As of last year, employment has surged to 94 percent and average earnings have

With Dublin Chamber of Commerce Chief Executive Mary Rose Burke and Head of Operations Linda McNulty

grown 2.5 percent. This remarkable performance is attributed to a very active business community, which has advocated open market policies to create a favorable, dynamic investment environment.

The Dublin Chamber of Commerce, established in 1782, has not strayed from mission to help build a globally recognized business sector that favors domestic companies and multinationals equally. As Ireland consolidates its recovery from the recent recession, the group has shifted its efforts to improve regulatory structures and infrastructure, particularly infrastructure, housing and transport.

According to Dublin Chamber of Commerce CEO Mary Rose Burke, Ireland must make the shift in order to secure long-term growth. Looking beyond the EU and British markets, Dublin has set its sights to Asia, specifically to Japan and China.

“The direct flights to Hong Kong and Beijing are long needed and give Irish businesses more opportunities to promote their businesses in Asia and get their products into the Asian market. We see a lot of movement in the ICT industry. A lot of scaling companies would go into this area specifically AI, data analytics, as well as the agri-food and health food sectors,” Burke said.

Financial Services Ireland (FSI) is the Ibec group that represents the financial services sector. Founded in 1984, the association supports the development of the financial services industry both at domestic and international levels. FSI’s membership encompasses companies across banking, insurance, fund administration, investment management, corporate treasury, aircraft leasing, securitization, fintech and others, providing a single forum for the sectors leaders to discuss and resolve issues of common concern.

In July 2018, Paul Sweetman, formally Director of Ibec’s Technology Ireland, took over as FSI Director. According to Sweetman, the sector in Ireland is strong and firmly recognized as a leading global center for international financial services.

Sweetman said: “(This success) is built on a highly talented skills base, a business conducive environment and a joint industry and government commitment to fostering a competitive landscape that allows companies to grow.”

The sector is also keenly aware of the need to focus on innovation. Ireland’s financial services companies are heavily involved in cutting-edge research and development projects, alongside government sponsored research institutes.

“The sector in Ireland has a laser focus on joined-up, collaborative R&D, allowing us to bolster our global leadership position,” Sweetman also said.

All the Posts:

Article Tags:


latest special features:

Upcoming Reports from

Australia 2018

See Preview »

Global Media Inc. and Foreign Affairs, following the successful 2012 report, return to Australia this year, to highlight the country's increasing i...

Ireland 2018

See Preview »

The Japan Times, in partnership with Global Media Inc., is tentatively set to publish a Special Report on Ireland in October. The report will celeb...

Eastern USA 2018

See Preview »

Stretching from Virginia to Maine, the Mid-Atlantic and New England states were part of the Thirteen Original Colonies that declared independence f...

U.S. Great Plains 2018

See Preview »

2018 is an exciting year for the Great Plains because Omaha, the capital of Nebraska, hosts the 50th anniversary of the Japan-Midwest Conference. T...

South Korea 2018

See Preview »

As one of Asia’s most stable and most dynamic economies, South Korea maintains its status as a global leader because of its commitment to free trad...

Texas 2018

See Preview »

The fourth-largest source of foreign direct investment in Texas, Japan has accounted for for more than 200 investments and projects over the last d...

  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.


    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile