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Department executive. Declan Hughes, Secretary General. Website. Official website. The Department of Enterprise, Trade and Employment ( Irish: An Roinn Fiontar, Trádála agus Fostaíochta) is a department of the Government of Ireland. It is led by the Minister for Enterprise, Trade and Employment .
Celtic Tiger. The " Celtic Tiger " ( Irish: An Tíogar Ceilteach) is a term referring to the economy of Ireland from the mid-1990s to the late 2000s, a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble which resulted in a severe economic downturn.
The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy (3rd on the Index of Economic Freedom ), [ 30] and ranks first for high-value foreign direct investment (FDI) flows. [ 31]
Website. Official website. The Minister for Enterprise, Trade and Employment ( Irish: An tAire Fiontar, Trádála agus Fostaíochta) is a senior minister in the Government of Ireland and leads the Department of Enterprise, Trade and Employment . The current Minister for Enterprise, Trade and Employment is Peter Burke, TD .
IDA Ireland (Irish: An Ghníomhaireacht Forbartha Tionscail) is the agency responsible for the attraction and retention of inward foreign direct investment (FDI) into Ireland. The agency was founded in 1949 as the Industrial Development Authority and placed on a statutory footing a year later.
Foreign multinationals are the main driver of Ireland's economy, employing a quarter of the private sector workforce, [105] and paying 80% of Irish corporate taxes. [ 106 ] [ 107 ] [ 108 ] 14 of Ireland's top 20 firms (by 2017 turnover) are US-based multinationals [ 109 ] and 80% of foreign multinationals in Ireland are from the US.
With the 2008 onset of the Irish economic and banking crisis, the state's economy suffered, and Ireland has once again been experiencing net emigration of its citizens, but immigration remains high. In November 2013, Eurostat reported that the Republic had the largest net emigration rate of any member state, at 7.6 emigrants per 1,000 population.
The Minister of State at the Department of Enterprise, Trade and Employment is a junior ministerial post in the Department of Enterprise, Trade and Employment of the Government of Ireland and assists the Minister for Enterprise, Trade and Employment. A Minister of State does not hold cabinet rank. There are currently two Ministers of State: [1]
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