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Mon 06 Jun 2008IDA warned of Northern competition
IDA IRELAND warned the Government of the potential for increased competition from the North for inward investment when a plan to enable IFSC firms to move some of their operations across the Border was being finalised, official records show.
The initiative, introduced in April, is designed to address a shortage of skilled financial services workers in the Republic by helping companies to establish offices in the North, where there is a surplus of such graduates. Companies in the funds administration area are expected to take advantage of the facility.
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