Thursday 22 February 2018

Ireland second in investment ratings


IRELAND is the second most attractive country globally for foreign direct investment, while Singapore remains the most favoured.

National Irish Bank, which monitors inward investment performance, said the number of projects coming to Ireland increased by 15pc last year. "We continue to see a steady flow of mid-sized projects," NIB chief economist Ronnie O'Toole said.

High wealth levels in south and east

THE south and east of the country enjoyed wealth that was 148pc of the EU average in 2008, the European Commission said yesterday. Wealth in the border area, midlands and West was just 93pc of the EU average. The richest part of the EU is inner London, with 343pc wealth. The poorest is Severozapaden in Bulgaria at 28pc.

Gaelectric to build 42 MW wind farm

IRISH renewable energy group Gaelectric has secured full planning approval for a 42MW wind farm at Dunbeg, Co Derry. Dunbeg will generate power to meet the electricity demands of 24,000 homes. The investment will amount to €68m. Gaelectric also announced financial close on its 4.6MW wind farm at Skrine, Co Roscommon, with Triodos Bank. Skrine will be operational by July 2011.

New professionals' salaries levelled out

A NEW survey has shown that salary levels for newly recruited professionals stabilised last year, with some areas with personnel shortages seeing increases of 20pc. The annual salary guide, compiled by recruitment company Hays, looked at the salaries across 934 positions in seven sectors. Salaries in nearly all sectors had levelled off after falling by up to 30pc in 2009.

BoI confirms sale of securities unit

BANK of Ireland yesterday confirmed that it will book a capital gain of €40m from selling its BoI Securities Services to Northern Trust. The business serviced assets of more than $170bn at the end of 2009, working for both domestic and international clients.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business