Irish economics is improving

18.10.2011 In comparison with other countries affected by the crisis (e.g. Spain, Italy) Ireland has significantly improved its economic situation. The official report prepared by the Irish deputies shows the trend of increase of GDP (currently 1.2% in comparison with 0% in May) and the share of export.
In accordance with the developed financial program Ireland will soon make its state budget deficit-free, now measures to reduce state debt are taken. Officials believe that the country will certainly be able to take an advantageous position in the markets.

Expert’s opinion

“The fact that Ireland has gathered strength and coped with the most severe crisis phase will certainly have a positive effect on capital inflows into the country. The state now is in a better position than other European countries and actively attracts foreign investors. For international business along with tax rates economic indicates of states of investment are very important”.

On the basis: www.tax-news.com

Andrianova Irina ( the lawyer of international consulting department of “Honest&Bright” )