Irish Economy Poised for Huge Rebound as Restrictions are Lifted

Consumer and Business sentiment is growing in Ireland following the loosening of covid restrictions. 

 

For May 2021, the Bank of Ireland Economic Pulse, a metric that combines the result of the Business and Consumer pulses, came in at 89.5. This is 4.1 points higher than last month, and 45.6 higher than a year ago. This is the fourth straight month that the Economic Pulse has increased, and it comes after a series of covid-19 related restrictions were loosened or lifted. In May, restrictions on social interactions were lifted, and several sectors emerged, at least partially, from lockdown. These sectors include the remainder of construction, personal services, and non-essential retail (by appointment only), with many other sectors getting ready to re-open. 

 

This rising sentiment, combined with the expectation that lockdown measures will be loosened further in the coming months, has brought the Economic Pulse Index back above its pre-pandemic levels for the first time. This has led Bank of Ireland to revise its GDP forecast to 5.8%, up from its earlier estimate of 5%.  

 

The Housing market …

Read More

Ireland’s exit from lockdown

The National Public Health Emergency Team is expected to come forward later this week with their recommendations to the government of Ireland on developing a reopening strategy. Though a speedy return to normalcy seems unlikely, this might be an important first step in getting the country back on track.

The pandemic and lockdowns combined have had devastating effects on the Irish economy, resulting in substantial job losses and a spike in unemployment. Pauses to required monthly repayments on loans and mortgages were instated by banks to help borrowers. The country was sent into a recession, which was officially announced in September. Recovery would be long and arduous no matter what, but the inefficiencies of the government’s policies aimed at preventing the spread are likely exacerbating the issue.

For one, Ireland’s lockdowns have been described as some of the strictest in the world, perhaps even a bit excessive. Until 12 April, a Level-5 lockdown had been in effect for more than a hundred days. This entailed restricting citizens’ movements to just five kilometers from their homes, in-person schooling, and more. For …

Read More

The population in the different parts of Wesel, Germany

Wesel is a city in the western part of North Rhine-Westphalia in Germany with an area of 122,56 km2.  The city is divided into five city districts: Wesel, Flüren, Obrighoven-Lackhausen, Bislich and Büderich. In Wesel live about 500 people per km2.

All the five districts have different places of residence. The district Wesel has the most places of residence. Their names are Altstadt, Feldmark, Blumenkamp, Fusternberg, Schepersfeld and Lippedorf. Flüren has only one place of residence with the same name Flüren. The district Obrighoven-Lackhausen is divided in the three places of residence named Lackhausen, Obrighoven and Wittenberg. Bislich has four places of residence – Bislich-Land, Bergerfurth, Bislich-Ortskern and Diersfordt. Büderich is divided in three places of residence named Werrich/Perrich, Ginderich and Büderich.

The district Wesel has an area of 26,08 km2 and a population of 38.300 people (1.468,6 people per km2). Flüren is the smallest district with 9,15 km2 but has a population of 4.792 people (523,7 people per km2). The other districts are bigger than Flüren. The district Obrighoven-Lackhausen has an area of 26,79 km2 and a population of …

Read More

The Rise of Income Inequality in the United States Part 3

Now that we’ve assessed how wealth inequality started and how to improve wealth and saving data, here are some ideas about how to further reduce wealth disparity:

The top 1% savings rate is much higher than both the next 9% and bottom 90% savings rates. One idea that is radical is to encourage long-run savings. The United States government could directly invest in these savings accounts so that they earn great rates of return. The other aspect of this plan would be to have interest in borrowing savings so as to encourage people not to borrow from their savings. Encouraging saving of the bottom 90% would reduce wealth disparity.

Other ideas to reduce wealth disparity include the following:

Increase progressive income taxation to decrease wealth disparity. Increase estate taxes in the United States to decrease inherited wealth Increase access to education and health benefits cost controls. Improve minimum wage policies. This will in effect shift power from shareholders to workers. Create better laws protecting consumers (such as predatory lending) and increase financial regulation to increase middle class wealth. Educate the bottom …

Read More

Ten of the most beautiful places to visit in Bulgaria

I think it’s quite amazing that Bulgaria is still considered to be off the beaten track for Western tourists, because the country has a bit of everything, and all at very affordable prices. The Mountain slopes of Bansko and Pomporovo attract skiers in the winter and the Black Sea beaches draw the crowds in the summer months. Sofia – the capital – is probably not the most beautiful city you can visit, but once you get out into the countryside and start exploring the gorgeous coastline, I think you’ll fall captive to Bulgaria’s special charm. Here is my choice for the most beautiful places to visit in Bulgaria…The Black Sea Beaches – Bulgaria’s most famous coastline.

1. Nessebar – known as the Pearl of the Black Sea

Often referred to as the Pearl of the Black Sea, the historic town of Nessebar dates back to antiquity when it was founded as a Thracian settlement known as Menebria. Greeks, Romans, Byzantines, Bulgarians, Crusaders, and Ottomans all took turns fortifying the ancient town, and the narrow peninsula on which it is …

Read More

The best places in Bulgaria where you can buy proper

Property in Bulgaria

Bulgaria has shaken off its image as a hardy ex-communist state and has quickly become one of Europe’s more popular holiday destinations. The glittering Black Sea Coast, excellent ski resorts, historic towns and incredible scenery are attracting record numbers of visitors and investors. Property in Varna, property in Albena and property in Burgas – all beach resort towns – offer all of the traditional fun in the sun, but with fewer crowds and often a more attractive setting, as well as great value. The marks of Balkan culture are dotted across Bulgaria’s diverse landscape. Medieval villages, striking churches, ancient ramparts and picturesque castles can all be seen in the hills and valleys. The country’s main cities are fascinating, vibrant and historic. Sofia boasts an array of architecture from Roman, Ottoman, Byzantine, Revival, Turkish and Slav influences, while Plovdiv contains one of the fines Roman amphitheatres in Europe. Head to the mountains and you can find property in Bansko and property in Borovets; Bulgaria’s popular ski resorts which are fast gaining a reputation as some of the best …

Read More

What we need to know for Bulgaria

 

My name is Hristo Dimitrov. I’m a student from Varna Bulgaria and I went  in Irish Mortgage Brokers.

 

1.Where is Bulgaria and what it is known for.

Bulgaria (/bʌlˈɡɛəriə, bʊl-/ (About this soundlisten); Bulgarian: България, romanized: Balgariya), officially the Republic of Bulgaria (Bulgarian: Република България, romanized: Republika Balgariya, IPA: [rɛˈpublikɐ bɐɫˈɡarijɐ]), is a country in Southeast Europe. It is bordered by Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. The capital and largest city is Sofia; other major cities are Plovdiv, Varna and Burgas. With a territory of 110,994 square kilometres (42,855 sq mi), Bulgaria is Europe’s 16th-largest country.

2.What we know for Bulgarian politics

Bulgaria is a parliamentary democracy where the prime minister is the head of government and the most powerful executive position. The political system has three branches—legislative, executive and judicial, with universal suffrage for citizens at least 18 years old. The Constitution also provides possibilities of direct democracy, namely petitions and national referenda. Elections are supervised by …

Read More

Bank loans in Bulgaria

Bank loans in Bulgaria

My name is Hristo Dimitrov. I’m a student from Varna Bulgaria.

How to pick bank loans in Bulgaria

In Bulgaria you can borrow relatively easily for an apartment and pay it off within 30 years. The maximum loan amount for the banks are up to EUR 200,000.  Also, Bulgaria has low interest rates compared to other countries. The best conditions for buying a home are on Postbank

And DSK Bank.

For specific rules and percentages, you can look at them.

APR at individual interest rate selected for the purposes of the example * – 3.66%

An example of a fixed interest rate for the last 3 years and a variable interest rate (benchmark interest rate + margin) for the remaining term of the loan when included in the DSK Coz Plus Sales Prohibition Program.

 

The long-term interest rate for the implementation of the DSK Coz Plus program can be set in the range of 3.00% to 4.49%.

 

 

Amount of credit

BGN 100,000

 

Monthly payment

448,49 BGN

 

Term of the loan

30 …

Read More

The Rise of Income Inequality in the United States

When a candidate like Bernie Sanders promises free health care and free education, many Americans have jumped at the idea of voting for him. Why? Many Americans feel something radical must happen in order to turn wealth inequality around. Here are 3 Trends in wealth inequality in the United States.

Income inequality in the United States has followed a U-shaped trend since 1913. The low-point in the wealth inequality graph occurs right around 1980. This shows that income equality was its lowest at that point than it was in the last hundred years. Most of the growth in the top 10% and top 1% can be attributed to the growth of the top 0.1%. The top 0.1%’s share of wealth has risen from 7% in the late 1970s to 22% in 2012 (most recent data available). The rise of the top 1%’s concentration of taxable income rises dramatically at the time of the Tax Reform Act of 1986 This change reflects changes in tax avoidance rather than in the distribution of true economic value

2.  The wealth share of the bottom 90% …

Read More

Recreation and things to do in Wesel, Germany

If you will be in Wesel, you have many things you can do. The Willibrordi-Cathedral is one of the most beautiful sights in Wesel. The cathedral stands directly on the large market (in German: Großer Markt), where the former old town hall can also be found. The architecture of the buildings is very worth to see. In summer you also can sit at the place in front of the cathedral and eat some ice cream or drink some wine in the evening.

If you walk through the city center, you can find some life-size statues of donkeys. They are since the 19th century the symbol animals of Wesel. Every donkey has other colors and patterns and they are often to find in front of the shops or other buildings. After your way through the city center you will see another important building of Wesel, the “Berliner Tor”. It is like a big gate with some figures over it. It was built around 1720.

One more thing to do is to visit the citadel. The Prussian Museum Wesel in the Citadel …

Read More