Ireland Culture of Business

By | July 24, 2022
Basic data
Capital Dublin
Population 5,011,500
Language English, Irish
Religion Christianity – Roman Catholicism, Protestantism
State system republic
Head of State Michael Daniel Higgins
Head of government Michael Martin
Currency name euro
Travel
Time shift
Economy 2021
Nominal GDP (billion USD) 549.5
Economic growth (%) 13.4
Inflation (%) 5.52
Unemployment (%) 6.3

A brief description of the political system

Ireland is a parliamentary republic with universal suffrage from the age of 18 and a president at the head of state. Legislative power is vested in the Parliament (Oireachtas) consisting of a President (elected directly by voters for 7 years) and two chambers: the House of Representatives (Dáil, 160 members) and the Senate (Seanad, 60 members). Deputies are elected in general elections once every 5 years by a system of proportional representation using a multi-round progressive counting of preferential votes within individual constituencies. Senators are elected after general elections by members of the new Dáil, the existing Senate and local representatives within the so-called professional panels (43 members), the universities of UCD and NUI (3 members each) and 11 senators are appointed directly by the Prime Minister. Executive power is vested in the government. The Prime Minister is appointed by the President on the proposal of the Chamber of Deputies. The other members of the government are approved by the lower house and appointed by the president on the proposal of the prime minister. A member of the government must be a member of parliament or a senator. The resignation of a member of the government is accepted or recalled by the president at the proposal of the prime minister. The resignation of the prime minister means the resignation of the entire government.

Economy

The onset of the global financial crisis in 2008, which affected all of Ireland’s major trading partners (especially the US and Great Britain), exacerbated the problems and brought negative consequences for Irish exports and the economy as a whole. Ireland’s economic policy has been set in a crisis management format since 2010. Therefore, in the budgets of 2011-2014, there were significant cuts in the public sector, the tax burden was increased, these steps were expected to increase the state budget’s income by several billions. Budget 2017 was the second ‘spend positive’ budget in this respect and 2017 itself was an extremely successful year for Ireland. Economic growth continued with a positive trend. According to Statistics Ireland, GDP growth in 2018 was 6.8%. Covid-19 had a profound effect on the Irish economy and a recession ensued. Anti-epidemic measures led to the highest unemployment in the history of the Republic of Ireland, and at one time more than 1 million people were on government support. According to general measurement, economic activity and private consumption decreased by 15.5% in real terms. However, in the 3rd quarter of 2020, the economy started to grow again (11.1%), which was caused by the easing of epidemiological restrictions. Ireland thus became one of the fastest growing economies in the world in 2020 and was the only economy in the EU to experience growth that year. According to the estimates of the European Commission (Winter 201 Economic Forecast), the Irish economy should grow at a rate of 3.4% in 2021 and 3.5% in 2022. Ireland is a highly developed knowledge-based economy and focuses on services, high technology, biotechnology, financial services, agriculture and the food industry. Ireland is an open economy (in

Opportunities for Czech companies

So a basic summary for a general idea of ​​the country: who has executive power and a brief description of the state establishment, legislation (briefly), the economy and opportunities for Czech companies, or problems when entering the market, if any. If the specific business culture can be described in a maximum of two sentences. Add a view into the future.

Culture of business dealings

Subchapters:

  • Introduction
  • Addressing
  • Business Meeting
  • Communication
  • Recommendations
  • Public Holidays

Introduction

Ireland is a country of a Christian circle of civilization with corresponding ways of acting and socializing. From the character traits, polite sociability and relaxation stand out among the Irish.

Addressing

Calling by first name from the first meeting without intention or hint of familiarity is common. From the character traits, polite sociability and relaxation stand out among the Irish.

Business meeting

Arranging a meeting and its rules do not deviate from common European customs. In general, the Irish tend to be more informal.

Communication

It is most practical to communicate in English, as it is the native language of the vast majority of Irish people. Knowledge of foreign languages ​​at a good communication level is less common among the Irish. Visit Aparentingblog for more information about Ireland culture and traditions.

For practical reasons, email and telephone communication are increasingly used, but face-to-face contact remains crucial in all spheres of social life in Ireland.

Recommendation

Although the official languages ​​are Irish and English, the use of Irish is very limited and nobody expects foreigners to know it. The peculiar pronunciation that many Irish people encounter in spoken English may require extra attention. In addition, in some cases only the Irish term is used in Irish English, e.g.: Garda (gárda) – Irish police, Dáil (dojl) – Irish House of Representatives, TD (ty dý) – Irish Member of Parliament, Taoiseach (tíšok) – Prime Minister of Ireland, Tánaiste (Tónaiste) – Deputy Prime Minister of Ireland. Russia is also a republic, so sometimes the term “Republic” is used instead of “Ireland”, sometimes “State” and, less formally, “South(ern Ireland)” as opposed to “North(ern Ireland)”. The four great regions (historical provinces) of the island of Ireland are Connacht, Leinster, Munster and Ulster. Most of Ulster is now Northern Ireland and a smaller part lies in the Republic. The marking of streets and houses is less systematic than in the Czech Republic. Street names are often composed of several words, and the individual parts of the compound name are sometimes given in different order. Postcodes have been newly introduced since 2015. In addresses outside larger cities, the name of the district is preceded by County or the abbreviation Co. Sometimes it is not stated that this is Northern Ireland. The counties in Northern Ireland are: Antrim, Armagh, Down, Fermanagh, Derry and Tyrone.

Public Holidays

Days off are Saturdays, Sundays and holidays or alternative dates of holidays according to the established (sometimes also agreed within the framework of labor-legal relations) compensation:

  • January 1 New Year’s Day
  • 17 March Wed. Patrick’s Day (Irish national holiday)
  • Friday before Easter Good Friday (unofficial but observed day off from work)
  • Easter Monday
  • first Monday in May Early May Bank Holiday
  • first Monday in June Bank Holiday
  • first Monday in August Summer Bank Holiday
  • last Monday in October Bank Holiday
  • December 25 Christmas Day
  • 26 December Wed. Stephen’s Day

Ireland Culture of Business