The Irish economy has transformed itself heavily over the past decades. It presents a lot of new opportunities for students and graduates within its so called “knowledge economy”. After going into recession during the Financial Crisis in 2008/2009, the country has now regained some economic strength.
Due to its business friendly regulatory environment, Ireland has become a popular destination for multinational companies for setting up their European headquarters, such as Google, Facebook, Apple, Microsoft and Intel, just to name a few.
The Republic of Ireland is also a member of the European Union. This fact that could draw further focus from international organisations as the neighbouring United Kingdom is preparing to exit the EU. Especially within the financial sector, some companies have already announced that they are considering moving jobs to Ireland after the “Brexit”.
The main hub for business and political activity in the Republic is its capital Dublin, where roughly 25% of Ireland’s 4.7 million citizens live. Besides the country’s political institutions, the city is also home to the financial industry and the so called “Silicon Docks”, where many of the tech companies are located. Another business centre in Ireland is Cork.
Besides the information and communication technology industry, other employers in Ireland can be found in medical technology and pharmaceuticals as well as in aircraft leasing (over 20% of the worldwide leased aircraft are managed from Ireland).