Economy

Dublin: Despite fears that Europe as a whole is heading for a major economic recession, the Irish government's financial situation is improving. The government treasury had a surplus of 7.3 billion euros as of the end of October. There was…

Dublin: Money laundering is rife in Ireland. According to the latest figures from the Banking & Payments Federation of Ireland (BPFI), €12 million in laundered money passed through 3,000 accounts in the first half of the year alone. …

Brussels: The European Central Bank (ECB) is preparing to raise interest rates amid concerns that Europe as a whole is heading for a recession. Rates may be raised this week. Interest rates are expected to rise by 0.75%, according to…

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.…