Ireland reduces cuts gradually in salaries of officials
To abolish progressive salary cuts imposed in the public sector during the economic crisis, the government of Ireland will start to speak with trade unions, as he told Brendan Howlin, Minister of public spending, in an interview for the newspaper "Irish Independent".
The minister, who represents the Labour Party – the smaller partner in the government coalition –, added that it is the moment to revert austerity measures taken in the last three years, because otherwise they would be in vain.
The Irish banking sector had big problems because of the bursting of the housing bubble. The country had to take unpopular saving measures in exchange for an 85000 million bailout program, including an average cut of 6.5% in salaries of officials.
Last year ended the bailout program from the EU and IMF, so there was pressure to reduce the austerity measures.
Joan Burton, the head of the New Labour Party, said last week that the faster growth of the Irish economy would allow the government to decrease the cuts in their next budget in October 2015.
Dublin needs new houses
The Economic and Social Research Institute (ESRI) found in its new investigation that Dublin will need 60,000 new houses by 2021.
On the contrary, others areas in the country will have an oversupply of vacant propriety by the end of the decade.
In fact, 60% of the needed houses by 2021 will have to be in Dublin in order to meet demand which means that there is a “significant housing shortages”. Moreover, a further 26 per cent will be demanded in Louth, Meath, Kildare and Wicklow.
Last year only 1,360 accommodations were built in Dublin and ESRI pointed out the fact that if the rate of housing completions does not increase rapidly, the numbers of accommodations in Dublin by 2021 will be below the demand.
But don’t worry, there will always be a place for you in one of our EazyCity accommodation!
The Central Bank of Ireland has updated its growth prevision for the country and some good news has appeared in its latest outlook.
First of all, The GDP of the country seems to grow by 2.5 per cent this year, and by 3.3 per cent in 2015. In the beginning of the year, the prevision was determined as 2 per cent this year. The expectation concerning the GNP is based on a growth of 2.87 per cent in 2014.
For the Central Bank, “Ireland’s smooth exit from the EU-IMF programme over the past six months has been helped not only by the improving external environment and favourable financial market conditions, but also by the fact that Ireland has continued along the required path of consolidation and adjustment”.
Last but not least, the unemployment rate is decreasing and could reach 11.4 % this year and 10.5% the next year. That rate was still at 15% two years ago.
The Irish company Fenergo has announced the creation of 30 new jobs at its offices in Dublin and Boston as a result of rapid growth of its market share.
The company offers programs for banks and investment firms in the capital market. Recent clients have had are Bank of Montreal and Scotia Bank. The company is planning to enter the Asian-Pacific market in the coming months.
Up to now, the company has indicated that the roles on offer will include software developers, business analysts, project managers and tech leads“We’re looking for bright, enthusiastic people to share our journey with us, to design, develop and deliver world-class software solutions that future proof world-leading financial institutions against an ever-evolving financial landscape.”
The company Arvato Financial Solutions will create 50 new jobs in the shared services center in Blanchardstown Corporate Park after a winning result of a multimillion euro contract with the Eircom Group to give support services to offices of the company and its customers.
"Winning this prestigious contract is a real confirmation of our ability," said Bryan Mouat, CEO of Arvato Financial Solutions, UK and Ireland. "We have great experience in this area, and look forward to working in partnership with Eircom to share this experience and deliver real value in the coming years."
Bryan Mouat also stated: "The 50 new jobs represent a strong endorsement of the quarry of local talent and stresses that both Eircom as Arvato continue their contribution to the local and national economy."
You can find more details about the vacancies in its website.
Adroll, the world's most widely adopted retargeting platform, launched its new offices in Dublin last October. Now it has announced that it intends to expand its operations in Europe by doubling its office space and the hiring of 100 new employees. From Dublin, they operate in Europe, Middle East and Africa (EMEA).
It currently has 75 employees in Dublin and has created new jobs for all departments, including sales, finance, trading, accounting and engineering, all in multiple languages.
Aaron Bell, executive director of the company claimed that: "The company is excited about the talent that has been found in Ireland."
If you want to look at the job offers, you can visit their website.
Dundalk - one hour north of Dublin - will see the European headquarters of PayPal extended with the announcement of 400 new jobs.
The number of people employed in the facilities in the county of Louth is expected to reach 1,850 by 2018.
The online payment service will create new positions in the areas of customer solutions, risk operations, merchant services, telesales and operational excellence.
The creation of those jobs will benefit the local area and will help to boost the economy.
This announcement comes in addition to a previous one made in 2012 assuring the opening of 1000 jobs. 600 of the positions previously announced are already filled up and 200 others might be as well before the end of the year. Why not give it a shot?
WestJet has started its service in Dublin recently on June 15th.
Last autumn, the Canadian budget airline company announced that there will be round-trip flights from Ireland starting from 275€, taxes included.
Dublin is the first and only destination in Europe for the Canadian company.
Gregg Saretsky , WestJet president and chief executive, stated:
“As we’ve expanded our reach, grown our fleet and added new products to broaden our appeal to different travel segments, it’s always been a dream of many WestJetters to one day be able to fly our guests to Europe. Today, the dream comes true.”
The service is just seasonal and the last flight for this year is scheduled for October 25th.
Jobs, Jobs, Jobs - it seems that the Dublin multinational attractiveness will not stop tomorrow.
Yelp, the California-based internet company which connects customers to local business allowing them to review their services will create more than 100 jobs in Dublin.
A wide range of positions will be offered such as sales, account management, product engineering, finance etc.
The announcement has been greeted by the Taoiseach Enda Kenny who has visited the headquarters of the company in California earlier this week.
Yelp have an average of 132 million unique visitors monthly this year and is ranked in the top 150 of the most important websites on the internet.
The Irish Maritime Festival will take place from Friday 13th June to Sunday June 15th, in Drogheda Port, county Louth, 50 kilometres in the north of Dublin.
The Irish Maritime Festival is a celebration of seafaring activity. 5 beautifully restored schooners will sail in the Drogheda port for this occasion.
The festival will gather a lot of different maritime activities such as: canoe trips, boat-building workshops, show-stopping water sports… and even some full scale pirate ship battles.
Moreover, a food village will be available near the bay as well as an urban beach where you will be able to compare your sandcastle to the creation of experts and sculptors.
The Irish Maritime Festival is a perfect moment to reveal the sailor that lies within you.
For further information you can check here: http://www.maritimefestival.ie/