Ireland's economy is starting to turn a green leaf, Barry O’Leary, the CEO of IDA Ireland told CNBC on Wednesday.
“We’re moving on,” said O'Leary, who heads the agency responsible for Ireland's industrial development. “The Lisbon Agenda (a 10 year strategy for economic growth in Europe) is thankfully passed now. We are in the right direction in terms of winning more foreign direct investment.”
The IDA offers funding and grants for those investing in Ireland. Under a new strategy titled Horizon 2020, it aims to deliver 105,000 new jobs by 2014, by attracting and maintaining foreign investment in the country.
O'Leary said the Irish government has taken very decisive action in cutting capital spending and the salaries of public service workers in order to attract investors.