Dubbed Sweden’s “second city” – a moniker that is resented locally – it is playing a key role in the country’s efforts to dethrone Ireland as the Silicon Valley of Europe. There are about 3,500 Irish people currently living in Sweden, and many of them moved there to set up businesses. “Sweden has been championed as the Silicon Valley of Europe,” he says. The political side is of course a big part of this.”Sjöstedt says the Irish market is one of the company’s strongest in terms of market share. Sweden is now Ireland’s sixth largest export market, with Irish exports surpassing €1 billion for the first time last year.

Source: The Irish Times December 05, 2025 13:31 UTC