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Boston Scientific has announced it is to create over 400 new jobs over the coming years as part of an €80 million investment in its site in Clonmel, Co Tipperary. The investment will increase office and manufacturing space, while also transitioning the site to use over 90 per cent of its energy from renewable sources. Recruitment is already underway for a number of highly specialised roles in the areas of production, engineering, quality, supply chair and research & development. The investment comes as the company celebrates the Clonmel site’s 25th anniversary. “Boston Scientific has been steadily growing its footprint in Ireland for the past quarter century,” Taoiseach Leo Varadkar said. “Ireland is a global leader in the life sciences sector,Continue Reading

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Irish mortgage rates have resumed their upward trend and reached their highest level since at least mid-2017, according to the Central Bank of Ireland. At 3.54 per cent in March, the average interest rate on a new mortgage was up significantly from 2.92 per cent in February. The figures reveal that rates in Ireland increased far more in March than in any other euro zone country. Despite the big month-on-month jump, Ireland is still among the countries with the lowest mortgage rates in the euro zone, with only France and Malta having lower rates. The euro zone average rose to 3.52 per cent, almost three times the rate it was around 18 months ago. Advertisement Last week the European CentralContinue Reading

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The Irish economy is expected to perform better than previously expected this year as inflationary pressures across global markets ease. The Irish Businesses and Employers Confederation (Ibec) upgraded their economic forecasts for the year, predicting inflation will fall to under 4 per cent for the year. Publishing their economic outlook for the first quarter of the year, Ibec said it expects the Irish economy to grow by 3.6 per cent in 2023. Consumer spending is also predicted to grow this year, however, at a slower rate than noted in 2022. Ibec said that while the year ahead “still carries uncertainties as to how the global economy navigates the delicate balance between inflation, growth and interest rates”, an improved outlook inContinue Reading