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Finalists go head-to-head in 2013 Social Entrepreneurs Ireland Awards

The eight finalists in the 2013 Social Entrepreneurs Ireland (SEI) Awards, have been. The Awards celebrate and support Ireland’s brightest and most ambitious entrepreneurs with game changing ideas to solve the social problems facing Ireland. FULL STORY >

Major challenges as Ireland Funds gather in Ireland for annual conference

Over 200 business leaders from the United States and hundreds of others will be in attendance at the K Club in Kildare this weekend attending the Worldwide Ireland Funds annual conference. FULL STORY >

Corkman Mark McMahon behind the Brian Boru bio epic movie set to be filmed in Ireland

Corkman Mark McMahon hopes the upcoming movie “Boru” about Irish hero Brian Boru to be filmed in Ireland will be as big as ‘Lord of the Rings.’ FULL STORY >

Paddywagon Tours founder hopes to corner the market in global day trips

Cathal O'Connell, founder of Paddywagon Tours, had been guiding backpackers from Africa to Auckland and Australia's Bonsai Beach for several years when he decided to start up a similar business in Ireland. FULL STORY >

Expat Irish fashionistas rejoice - Penneys is now available on ASOS.com

Much to the delight of many Irish women in America, budget retailer Primark, known as Penneys in Ireland, will now cater to online shoppers. FULL STORY >

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Irish business was so strong during the 1990s that this period of rapid economic growth became known by the term Celtic Tiger. This period continued into the next century, slowing in 2001 before picking up again and finally slowing down in 2007. The provision of subsidies and investment capital by Irish state organizations encouraged major American tech firms like Microsoft, Intel and Dell to set up shop in Ireland. After 9/11, the Celtic Tiger slowed, but regained steam in 2003, ushering in a period some called Celtic Tiger 2. Dell had its major European manufacturing plant in Limerick. Irish business produced 25% of all European PCs. Google opened an office in Dublin. A new state body, Science Foundation Ireland, was created to help new science companies share in the Irish business boom. The building of the International Financial Services Centre in Dublin led to the creation of 14,000 jobs in the Irish business sectors of accounting, legal and financial management. The Irish business boom transformed one of Europe’s poorer countries into one of its wealthiest. Some of the causes of the Celtic Tiger are believed to be state-driven economic development, social partnership between employers, government and unions, more women in the workforce and a low tax rate for corporations, all of which had a positive effect on Irish business. The time zone difference between Ireland and the United States also helped Irish business, since Irish employees could start their work day while U.S. workers were still asleep. Unemployment had been 18% before the Celtic Tiger. By the end of the Irish business boom, unemployment was down to 3.5%. The success of Irish business created wealth that resulted in large investments in modernizing Irish infrastructure and cities.

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