Irish High Tech Companies Predict "Major Expansion" in 2014
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Irish High Tech companies predict "major expansion" in 2014 according to AIB’s latest Outlook Report on the Technology sector. According to data from Forfás, employment in the indigenous ICT services sector grew from 18,300 in 2003 to 24,100 in 2012, and this number is expected to grow with over 44,500 jobs to be made available in the ICT sector over the next 6 years. The increase of about 6,000 jobs in the last decade has coincided with the Government spending an inflation-adjusted €24bn on its total science budget with top priority given to the high tech sector by the Department of Enterprise. Seven out of 10 indigenous Irish technology companies increased their turnover by an average of 30% last year and six out of 10 are now looking outside Ireland for their main market according to a major survey of the sector.
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