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The software sector employs approximately 24,000 people and contributes 16 billion Euro to the economy. Ireland is the world's second largest exporter of software. [citation needed] The top 10 global technology firms have operations in Ireland including Apple, Google, Facebook and Microsoft. Ireland is home to over 900 software companies.
Meetings of the Council take the form of meetings between ministers from both the Republic's Government and the Northern Ireland Executive. The council was suspended from 2002 to 2007. However, with the resumption of devolved government in Northern Ireland in May 2007, the council has now re-assumed its duties.
A form of government where the monarch is elected, a modern example being the King of Cambodia, who is chosen by the Royal Council of the Throne; Vatican City is also often considered a modern elective monarchy. Self-proclaimed monarchy: A form of government where the monarch claims a monarch title without a nexus to the previous monarch dynasty.
The Government of Ireland (Irish: Rialtas na hÉireann) is the executive authority of Ireland, headed by the Taoiseach, the head of government. The government – also known as the cabinet – is composed of ministers , each of whom must be a member of the Oireachtas , which consists of Dáil Éireann and Seanad Éireann .
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. [110] [111] [109]
The statement also projects a surplus of under six billion euro for next year, compared to a surplus of 8.3 billion euro in 2023. It also notes that inflation fell to 1.5% in June, the lowest rate ...
It looks like the country has bucked the trend across the world, in a year of numerous elections, by putting the outgoing centrist government parties in prime position to go back into power.
The Irish financial crisis showed the small and unusual nature of Ireland's economy (e.g. where a small number of U.S. corporates are 80% of Irish tax, 25% of Irish labour, 25 of top 50 Irish firms, and 57% of Irish value-add), led to foreign banks rapidly withdrawing capital from Ireland in times of stress.