Heb / Eng


Israel-IrelandChamber of Commerce and Industry

Ireland

Bilateral chamber of commerce in Israel:

Chairman: Mr. Benzi Nahman
Address: 15, Moshe Heresh St., Rehovot 76422
Tel.: +972-8-9363444
Fax: +972-8-9365555
E-Mail: ben@bizness.co.il

Sister Bilateral chamber of commerce in the member state:

Ireland-Israel Chamber of Commerce and Industry

Embassy in Israel:

Ambassador: H.E. Mr. Eamonn Mckee
Deputy Head of Mission: Mr. Julean Clare
Address: 3, Daniel Frish St., 17th fl., Tel-Aviv 64731
Tel.: +972-3-6964166
Fax: +972-3-6964160
Website: www.embassyofireland.co.il
E-Mail: telaviv@dfa.ie

Israeli Embassy in the member state:

Ambassador: H.E. Boaz Modai
Address: Carrisbrook House, 122 Pembroke Road, Ballsbridge, Dublin 4
Tel.: +353-1-2309400
Fax: +353-1-2309446
Website: HTTP://DUBLIN.MFA.GOV.IL
E-mail: info@dublin.mfa.gov.il

Country#
EU membership year: 1973
Capital City: Dublin
Total Area: 70,273 sq km
Population: 4,470,700
Currency: Euro

Since joining the European Union in 1973, Ireland has transformed itself from a largely agricultural society into a modern, technologically advanced Celtic Tiger economy. The economy is undergoing massive adjustment. Past imbalances are gradually unwinding in banking, the housing market, the government budget and the labor market, leaving a large impact on public debt and unemployment. After two years of deep recession, activity seems to have reached a bottom in the first half of 2010. A mild recovery is projected to be driven by exports, while domestic demand is likely to remain sluggish. The government intends to continue policies to bring the fiscal accounts closer to balance and to restore competitiveness. If sustained, this should help bolster activity and support employment growth in the medium run. The banking restructuring strategy aims at transferring non-performing loans to government backed entities, and then injecting public funds in undercapitalized banks. While this approach has the merit of preserving banking stability, it comes at a high cost for the public finances and is creating stress in the Irish sovereign debt market. Specifying and then implementing the recently outlined 4-year consolidation plan will be essential to achieve the government’s ambitious objective of reducing the deficit to 3% of GDP by 2014.


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Israel-EU Chamber of Commerce - Daniel Frish 3, Tel-Aviv, 64731 Tel. 972-3-6951869  |  Home