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Velas Tours
an incoming tour operator based in Greece with 34 years experience in both, tours and holidays
velastours.com
an incoming tour operator based in Greece with 34 years experience in both, tours and holidays
velastours.com
Will the Celtic Tiger rise again?International Executives January 26, 2010 Conshohocken Marriott 7:30 to 9:30 am Will the Celtic Tiger rise again? Maybe the better question is how soon rather than if ever. Between 1994 and 2006 Ireland cut its debt to 24% of GDP from 94%. But as the US and most of the developed world experienced a real estate bubble and a banking crisis so did Ireland. The financial crisis hit Ireland harder than most other developed economies because their excesses were greater than others. However, unlike many other economies facing soaring government debt Ireland has delivered what many economists have called the most painful budget in a generation, making $6 billion in spending cuts. Its 2010 budget calls for between 5 and 15% public-sector wage reductions with the largest cuts at the top. Compare this to the US Congress voting itself salary increases. The capital markets have rewarded Irelands efforts by maintaining an AA rating on its debt. Although the global recession hit Irelands trade-dependent economy hard, exports to the US for medicinal preparations, soft drinks, Irish coffee and wine rose in 2008. With a highly educated population of 4.2 million with an average GDP of $46,200 per person in 2008 the Celtic tiger is the 11th wealthiest nation in terms of GDP per capital. With an entrepreneurial spirit, an educated, young and relatively wealthy population and a 12.5% corporate tax rate the future looks bright for Ireland. Join Bill McLaughlin to discuss what business opportunities exist in the Irish recovery. Bill is Chairman of the Irish American Business Chamber & Network (IABCN) a non-partisan business organization promoting the development of economic and educational relationships between the US and Ireland. The organization provides growth opportunities through a series of networking forums for business executives, helping them to exchange information and ideas on doing business with one another. Bill is also president and co-founder of McLaughlin & Morgan, Inc. a firm dedicated to offering a full spectrum of business development services, with particular interest in assisting American companies entering the European market through Ireland, and Irish companies entering the US market. Their business development team works with new businesses, growing businesses, and business trying to reinvent themselves. They also work with new or expanding divisions at large companies. They are dedicated to providing effective business development strategies and tactics that benefit their clients. McLaughlin began his career in the marketing communications industry in 1975 and, after nearly three decades, has become an authority on advertising and marketing in the business-to-business sector. A graduate of LaSalle University, McLaughlin worked at four agencies before starting McLaughlin & Morgan in 1987. The company has succeeded in creating marketing and communications campaigns for companies as diverse as the PQ Corporation and the government of Dubai, and from new business start-ups to Fortune 500 companies. In 1999, McLaughlin & Morgan also decided to add business development to their service offerings. Both of his grandparents immigrated to the US from Mayo. Bill, inspired by his grandmother's stories of home, developed an interest in Irish literature and culture. On a hitchhiking tour of Europe in 1968, he took the time to find the old family farm and to develop ties with his cousins who were still in the area. Through sheer good fortune, while on a trip to Europe in 1991, the opportunity to buy the old homestead arose and McLaughlin jumped at the chance. This only served to strengthen his connection with his ancestral home.
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