Corporate foreign exchange news

Ireland 'has plenty to offer for businesses'

Wednesday, 20 July 2011 09:04:41 GMT

Published by Mark Smith-Halvorsen
Companies, including those buying currency online, may find Ireland is a destination worth considering for conducting businesses, if recent suggestions are anything to go by.
According to economist at D&B's Country Risk Services Martin Koehring, the country's use of the euro ensures the risk of firms receiving poor foreign exchange rates are eradicated for trade between the nations that use it.
In addition to this, he said: "Ireland still has a robust legal and trade environment, benefiting from very low corporate tax rates, which continue to attract foreign, especially US, companies."
Mr Koehring added Ireland also benefits sound long-term prospects with a "highly-educated" workforce and plenty of young people at its disposable.
This follows the most recent quarterly economic forecast by the Irish Business and Employers Confederation, which indicated the country is continuing to emerge from the economic slump and will see a 1.5 per cent gross domestic product growth this year.
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