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Paypal jobs boost makes us 'internet capital of Europe'

IRELAND has become "the internet capital of Europe" it was claimed yesterday, after online payments giant Paypal announced the creation of 150 new jobs at its base in Blanchardstown, Dublin.

It already employs more than 1,100 people here and expanded its Irish operations as recently as last year, when it added 100 jobs.

The company, which processes payments over the internet and is owned by internet auction website eBay, has joined the likes of Facebook, Google and YouTube in choosing Ireland for its European base.

So far this year, 750 internet and computer-based jobs have been created. Barry O'Leary, chief executive of IDA Ireland, said this country was becoming a magnet for internet-based companies because we had managed to build up a reputation as an ideal European base for them, while they were also attracted by the low 12.5pc corporation tax and skilled workforce.

"PayPal's investment represents a key endorsement from one of the world's leading online companies, and builds on Ireland's reputation as the internet capital of Europe," he said.

Meanwhile, a further 50 manufacturing jobs are being created in Athlone, Co Westmeath, by medical devices firm American Medical Systems.

This is the company's first investment outside the US and involves a spend of €4.6m.

Irish Independent