City partnerships are vital for Europe's urban centres if they are going to keep up with their developing world counterparts.
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For the past 18 months, private investment promotion firm Connect Ireland has been offering financial incentives to individuals who can put the company in touch with potential investors. Michal Kaczmarski examines the early results of this innovative initiative.
It is often cited that the BRIC economies – Brazil, Russia, India and China – offer the best opportunities for growth. It would therefore follow that outward FDI flows from these countries are also expanding but only one of the so-called 'big four' appears in the top five countries in terms of outward FDI growth.
With backing from the likes of Google, Facebook and Twitter, a new initiative, Make IT in Ireland, is hoping to increase the country's profile as a high-tech hub.
A report by global tax advisory, Taxand, shows that most of the tax reforms introduced in 2012 were designed to increase government revenues rather than encourage FDI.
There has been a growing number of FDI projects in the Irish software sector since 2003, with US-based firms leading the way.
As expansions increase at the expense of greenfield investment, taking an existing partner for granted could become a costly mistake.
The reputation of European companies when it comes to new medical technologies and the continent's attractive regulatory environment is increasingly causing venture capitalists from the US to steer their investments across the Atlantic.
Between 2012 and 2014, the level of crossborder investment will continue to grow but at a slower pace, according to a report by the United Nations Conference on Trade and Development.
Ireland has mapped out its road to recovery by targeting specific growth industries and developing its FDI appeal to help get the country working again.
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