Good news arrives from the Ministry of Finance: the Irish GDP (Gross domestic product) is growing.
The trend has started at the beginning of the year but lately has increased, and it’s dragging along the hope for some cuts on the taxes in the near future.
After the property-market and banking collapse that Ireland faced some years ago and the subsequent austerity period, the Emerald Island seems to have recovered from the crisis.
In the last three month (June, July and August), the GDP grew of the 7.7% more than the same period last year. An incredible data, that makes Ireland the EU country with the faster growth.
The macroecomony research company Capital Economy, predicts that the Irish economy will increase to “something closer to 5%”.
It is still early to claim that the Celtic Tiger is back, but what it sure is that the news is encouraging for all Irish people.
The Euro 2020 will be held for the first time in 13 different locations and Dublin is one of them! The capital of the Republic of Ireland has been chosen by FIFA as one of the venues for Euro 2020, but it is still 6 years away before some details are known.
In total there will be four matches played in Dublin, three games of the group stage and a quarter final games.
The stadium where the matches will take place will be the Aviva Stadium, which opened in 2010 after a major refurbishment of its predecessor, Landsdowne Road Stadium and can accommodate 51,700 spectators. The Aviva Stadium is the only one on the island that has the status of UEFA Elite Stadium.
Euro 2020 will mark the 60th anniversary of the European competition and to celebrate FIFA decided that for the first time in history would take place in different cities over the European continent. Along with Dublin, some cities such as Brussels, Copenhagen, Glasgow, Bilbao, Amsterdam and Budapest will host the group stages and further matches. The quarterfinals will take place in Munich, Baku, Rome and St. Petersburg.
The finals and semi-finals will take place in London at the legendary Wembley Stadium under the watchful eyes of 90,000 spectators. Now we can only hope!
The Dublin Theatre Festival returns from September 25 –October 12. The festival, which started in 1957, has become the event best able to gather artists, stage managers and a passionate audience for this art. For 18 days you can immerse yourself in the world of performing arts, this is Europe's oldest specialist theatre festival.
Besides, it is frequent appearances of some famous actors like Vanessa Redgrave, actress in Letters to Juliet and Oscar-winning for Julia.
One of the main attractions will be the world premiere of "The Mariner" by award-winning director Tony Hugo Hamilton, in the Gate Theatre in Dublin. It’s a play full of intrigue and sincerity at the same time. For people that are looking for a classic play, can attend to the representation of the famous play wrote by William Shakespeare, Hamlet.
You can find information on the various festival events and book your tickets on the official website.
Come and enjoy free the Culture Night for everyone!
As each year in major cities and regions of Ireland take place the Culture Night, which this year will come about on 19th of September. More than 900 places have signed up to offer free events and live performances at the ninth edition. Last year the event gathered about 350,000 people. Will it exceed this number?
The organization of the Culture Night has worked to make it able. More cities, more events, more visibility ... The museums, galleries, cultural centers, schools ... etc. They will open only for that night that assures entertainment, adventure and lots of culture!
Locals and visitors can enjoy the experience in 28 different locations spread throughout the Emerald Isle, a record on this event.
You can visit the GPO or Croke Park Stadium, participate in dance workshops, access to the Flamenco school or go to The Dublin Whiskey Company. There is also space for the children with Dublinia. Besides you can find several tours to Discover Dublin: Temple Bar Tour, Historic Tour, Museum Tour, Docklands Tour or South Georgian Music Trail Tour.
The RTÉ National Symphony Orchestra will participate in the events, like RTÉ that will make a special 3 hour program with live street interviews and participation of recognized characters.
See all events in the festival's official website and keep in mind that some require reservations.
This week, 3 companies have announced the creation of 80 jobs in Dublin and Meath.
In fact, SWG and MDS Global Technologies, which are part of the SmartStart global accelerator programme, has decided to hire each 25 persons over the next two years in Meath. This US-company works in new technologies respectively about telecommunications networks and IP data.
Minister of Innovation in Ireland, Damien English said this is a “very significant development for County Meath the region and indeed Ireland as we continue to attract high potential start-ups and established technology SMEs looking to expand in to Europe”.
Moreover, The Dublin Whiskey Company will invest in its old site in Mile Street in order to renovate it. That means that more than 60 employees will be recruited at the beginning of the construction (2015) and 30 jobs will be permanent. A great news for unemployed people, but also for Whiskey fans!
Udemy, the world’s largest marketplace for online learning, is going to establish new European Headquarters in Dublin.
Founded by Gagan Biyani, Eren Bali and Oktay Caglar in 2010, Udemy has raised a total of $48 million in venture capital and is headquartered in San Francisco, California. Udemy Chief executive Dennis Yang said that the funding will be used in the expansion of the enterprise in the world. That’s why a new headquarter will be in Dublin for the European Market.
The Company has already doubled its staff over the past year and are now looking for new talents.
The US Company is currently recruiting and offering jobs including product managers, senior software engineers and a country manager for Ireland. The company will also hire multilingual instructors, in order to be successful in its European expansion.
On Saturday 23rd of August there will be a huge variety of activities, not only in Dublin, but all over Ireland, due to National Heritage Week, which continues until the 31st of August.
Firstly, you will be able to enjoy traditional and classical music then also poetry, theatre, storytelling, historical re-enactments, local history walks and talks.
For those who love gastronomy, there will also be maritime coastal events and food fairs.
Finally, you will find traditional skills workshops and archaeological digs, great opportunities to learn new things while having fun!
It is an open celebration, as any person or organisation can actively take part in the Heritage Week and organise an event which educates people and promotes an aspect of Irelands’ heritage.
Most of the events are free, so everyone can enjoy nature and wildlife, folklore and heritage this week. Particularly in Dublin, many events will be hosted in the National Museum of Ireland, Chester Beatty Library, and National Botanic Gardens.
Interested? You can visit the official webpage here.
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.