Padraic's Feed
Jul 30, 2015

Irish economy grows strongly as it looks to lead EU again

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.

Jul 28, 2015
via FaithWorld

Ireland to give adopted people access to birth records for first time


(Celtic cross at Ballinskelligs Priory in County Kerry, Ireland, March 18, 2008/Ulrich Hartmann)

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.

Jul 28, 2015

KKR and Irish investment fund bid to revive house building

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.

Jul 28, 2015

Ireland told to keep Irish Water utility on govt books

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

Jul 28, 2015

Irish bank permanent tsb posts small H1 profit, first since 2007

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.

Jul 27, 2015

Ireland to hand adopted people birth records for first time

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.

Jul 27, 2015

Irish property recovery loses momentum after new restrictions

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.

Jul 20, 2015

Proud locals say star is born in Ireland’s Dunne

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.

Jul 18, 2015

Irish FA chief wishes he got more than 5 mln euros from FIFA

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.

Jul 18, 2015

Report advises Irish government to increase minimum wage: source

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.