DUBLIN (Reuters) – Ireland’s economy grew by 1.4 percent quarter-on-quarter in the first three months of the year, in a recovery that is forecast to make it the fastest-growing economy in Europe for the second year running in 2015.
Ireland’s economy expanded by 5.2 percent last year, revised up on Thursday from 4.8 percent previously, its best performance since 2007 before a property crash plunged it into recession and triggered a fiscal and banking crisis.
Ireland will allow tens of thousands of adopted people access to their birth certificates for the first time under proposed legislation that some advocacy groups say could still deprive many of their identities.
DUBLIN (Reuters) – U.S. private equity firm KKR & Co LP (KKR.N: Quote, Profile, Research, Stock Buzz) and Ireland’s new strategic investment fund will launch a 500 million euro ($552 million) joint venture to provide credit for builders amid a severe housing shortage.
A rapid recovery from a housing crash in which prices halved between 2007 and 2010 has slowed in recent months, but delays in addressing shortages, particularly in Dublin, is keeping upward pressure on prices and stretching affordability for buyers.
DUBLIN, July 28 (Reuters) – European Union authorities have
told Ireland that the new Irish Water utility must be counted as
part of government finances, a political blow to the government
as it faces protests over the levying of direct charges for
The government had sought to separate the utility from its
balance sheet but the EU statistics agency Eurostat ruled that
it must remain on it, Finance Minister Michael Noonan said on
DUBLIN, July 28 (Reuters) – Ireland’s permanent tsb (PTSB)
on Tuesday reported an underlying profit of 1 million
euros for the first half, its first since 2007, reflecting lower
mortgage arrears and a rise in new business.
The small profit, in its first results since partly
returning to private ownership, compared to a loss of 171
million euros a year earlier.
DUBLIN (Reuters) – Ireland will allow tens of thousands of adopted people access to their birth certificates for the first time under proposed legislation that some advocacy groups say could still deprive many of their identities.
International laws say all children should be able to establish their identity but adopted people in Ireland, many of whom were sent for adoption in secret by Catholic institutions, have no automatic right to their birth records or access to tracing services.
DUBLIN, July 27 (Reuters) – Irish residential property
prices rose at the slowest annual rate in more than a year in
June as new restrictions on mortgage lending have stunted the
market’s recovery from a real estate crash.
Compared to the previous month, prices rose just 0.1 percent
in June, the central statistics office said on Monday.
GREYSTONES, Ireland (Reuters) – While the world of sport was asking ‘Paul, who?’, nobody in Greystones Golf Club was the least surprised by Paul Dunne’s audacious bid to become the first British Open amateur winner since 1930.
As members swapped the office for the club bar on Monday, it was standing room only in the County Wicklow clubhouse to watch the Irish youngster, who began wowing locals as a 10-year-old, take the lead into the final round at St. Andrews.
DUBLIN, July 18 (Reuters) – The head of Ireland’s FA said he wishes he got more than the five million euros FIFA paid Ireland to avoid a legal case over a controversial World Cup playoff defeat in 2009.
Ireland were dragged into the FIFA corruption storm last month when it was revealed that the Football Association of Ireland (FAI) received the payment following complaints over how FIFA handled the defeat to France.
DUBLIN (Reuters) – The body set up to advise Ireland’s government on the rate of the national minimum wage has recommended it be increased to 9.15 euros ($9.9) per hour from 8.65 euros, a government source said on Saturday.
The government last increased the minimum wage in 2011, reversing a 1 euro cut agreed by the previous administration under the terms of an international bailout, and established the Low Pay Commission to advise on further changes.