Business management in Ireland
Ireland consistently holds stable positions in world rankings, whether it is a list of countries ranked according to the ease of doing business (13th place, 2015) or simple registration of the enterprise (19th place, 2015). Moreover, in 2013 the Forbes magazine recognized this country as the best for the entrepreneurs, that is quite naturally, since Ireland stands out among its competitors due to the economic and political stability, progressive legislation, a large number of highly qualified professionals and a flexible taxation system.
The favorable business climate made it possible to attract investments of the largest international companies and to interest a lot of promising start-ups, that gave Ireland the opportunity to gain the reputation as a technological center. The government actively supports design and scientific research, stimulates the development of the innovative technologies. Currently, the most important branches of the economy of this state are IT technologies, the pharmaceutical industry, the production of medical equipment, electronics and engineering.
The last quarter of the century has been marked in Ireland by the most real economic and technological boom that has allowed the country to take the leading position in the EU in the sphere of high technology and financial services, as well as to become an important link between Europe and America. It is here where many large international cash flows intersect. The global economic crisis of 2008-2009 slowed, but it did not stop the intensive development of this country, and for this moment, Ireland is a strategically important bridgehead for the foreign companies wishing to enter the world market.
Ireland is ideal for high-cost production. Pharmaceuticals, biotechnology, medical technology, ICT, trade, consumer and industrial goods, entertainment, digital media and financial services - these production sectors are the foundation of the country's industry.