IDA briefings said Ireland losing ground to EU and US because of high price of energy and uncertainty over supply – TheStory.ie

IDA briefings said Ireland losing ground to EU and US because of high price of energy and uncertainty over supply – TheStory.ie

The IDA said Ireland was losing ground to other EU countries and the United States because of the high cost of energy. In a series of briefings for the government, the investment agency said strong security of power supply was “imperative” for enticing companies into Ireland. It said the operating environment for foreign direct investment was becoming more difficult, more aggressive, and with a “relentless focus on competitiveness.” The IDA brie…