Dublin: Over the next three years, the government intends to create 5,000 new jobs in the finance sector. According to the government’s three-year Ireland for Finance Strategy, if this goal is met, the number of jobs in the industry will increase to 58,000 by the end of 2026. Payments are very high in this sector.
Wages in this industry have risen by 22% in the last five years. After IT and education, this is the highest wage rate. However, according to the study, employment opportunities in this industry have never been higher. Green finance, fintech, upskilling, attracting international employees, pulling firms out of Dublin, and creating a better environment for firms to operate will be the focus of the new plan. Many job openings in the financial and real estate sectors were announced in the second quarter of this year. According to the CSO, job opportunities are more than double the national average.
Junior Financial Services Minister Sean Fleming stated that the policy needed to be revised to keep up with the recent changes. According to the Minister, sustainable and digital transition will create significant potential for Ireland’s economy.
In terms of investment funds, Ireland ranks third in the world and second in Europe. Luxembourg is the European leader. Until the end of 2021, the country will have invested 4.1 trillion. The International Monetary Fund has warned about property fund concentration in Ireland.
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