Economy

New York: The IMF has warned that the Ukraine war and rising inflation will cause a severe economic recession in Europe. The IMF predicts that Germany and Italy will enter a deep recession by next year. According to the report, Europe's…

Dublin: Through Ireland's golden visa scheme, 1511 Chinese millionaires have obtained residency in ten years. The vast majority of them obtained visas within the last five years. In 2012, the Department of Justice established the Emigrant…

Dublin: The Irish Central Bank has proposed loosening mortgage lending rules in Ireland. The central bank plans to take steps to encourage more people to purchase homes, thereby alleviating the housing crisis. Although the Central Bank…

Dublin: A joint Garda-Interpol investigation into the Irish connections to the international money mafia group has begun. The international investigation was launched in response to information obtained from mobile phones seized by the…

DUBLIN: AIB has raised mortgage interest rates in Ireland by 0.5% on fixed mortgages. The revised rates came into effect yesterday for AIB, EBS, and Haven mortgages. The increase will have no effect on those who already have fixed or…

New Delhi: India and Ireland are preparing to strengthen their ties through bilateral talks. Yesterday, the foreign ministries of the two countries met for the ninth time in New Delhi. The discussion included Indian Foreign Secretary…

The Cabinet has authorized plans to distribute three €200 power credits to each household in the country during the next six months. The introduction of a €600 electricity credit for households was one of the highlights of Budget 2023.…

DUBLIN: Intel intends to reduce its workforce globally. According to reports, over 5,000 staff may be laid off. Although no formal announcement has been made by Intel, worries have been expressed regarding how this decision may affect…

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…

DUBLIN:  Ireland's central bank raised its inflation prediction for 2023 while lowering its economic growth forecast for the third quarter in a row, but expects the pressure on disposable incomes to diminish in the second half of the…