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Tourism Ireland chief executive Niall Gibbons, Minister for Transport, Tourism and Sport Leo Varadkar and Minster for Justice and Defence at the launch of the visa waiver scheme for travellers with UK visas, Dublin, May 11, 2011.
The Irish Hotels Federation (IHF) today welcomed as a key piece of the tourism
jigsaw the decision by the Government to introduce a visa waiver scheme for
travellers with a UK visa who wish to visit Ireland. It states that, by
eliminating the difficulty and expense associated with a separate Irish visa
application, the programme offers a welcome marketing opportunity to attract
visitors from important emerging markets planning to visit the UK.
On the back of the newly announced visa
waiver scheme, a tourism trade mission departs this weekend for a five-day sales
blitz overseas. The mission’s purpose will be to encourage tour operators and
travel agents from the Asia-Pacific region to include the island of Ireland in
future holiday programmes.
The Tourism Ireland-led delegation will participate in Destination Britain &
Ireland (DEBI), the biggest B2B travel trade event in the region, and meet with
120 top-producing tour operators, travel agents and travel media from 15
emerging markets including India, China, Australia, New Zealand, Japan, South
Africa and the United Arab Emirates.
Commenting on the opportunity, Tourism Ireland chief executive, Niall Gibbons,
said: “With the Government’s recently announced
imaginative tourist visa waiver scheme making it easier for tourists from
emerging economies to visit Ireland, the time is right to step up promotion in
markets in the Asia-Pacific region.
“The Asia-Pacific region offers exciting possibilities for tourism to the island
of Ireland in the medium-to long-term. The United Nations World Tourism
Organisation (UNWTO) has forecast that the Asia-Pacific region will be one of
the fastest-growing regions for outbound travel in the next ten years.
“While we are working hard in the traditional
markets of GB and the US to capitalise on the huge international interest
arising from the visits of Queen Elizabeth and President Obama, Tourism Ireland
is also very active right now in markets like India to raise the profile of the
island of Ireland as a premier holiday and Business Tourism destination.
Promotions like DEBI are an invaluable part of that marketing effort”.
The Minister for Social Protection, Joan Burton, has announced a new National
Internship Scheme for 5,000 people who are currently on the live register. The
Scheme will provide work experience opportunities for jobseekers in the private,
public or community and voluntary sectors.
The 5,000 places are part of 20,900 new and
additional places in training, education and work experience programmes
announced as part of the Government’s Jobs Initiative. They give effect to
commitments contained in The Programme for Government to give priority to
getting unemployed people back into work.
Participants will receive €50 in addition to
their existing social welfare payment and they will retain all of their
secondary benefits. The Scheme will not displace existing workers.
Speaking today, Minister Burton said
“the National Internship Scheme will provide 5,000 people who are currently on
the live register with valuable, and meaningful, employment experience when it
is launched on July 1st.”
Developed Countries 'In Trouble': "The countries that are in trouble right now are developed... that is to say when Ireland comes out and says we're going to cut the budget people believe them... that's not the case when Argentina restructures," Mark Dow, portfolio manager at Pharo Fund told CNBC:
The Bank of England today raised its medium-term forecast for inflation to just
under 2% today and said it could soon rise to 5% before falling back,
potentially paving the way for a rate rise this year.
The Bank of England based its quarterly forecasts in its
May inflation report on the assumption that market interest rates would rise
to 0.8% in the last three months of this year and reach 1% in early 2012.
reports that Raj Rajaratnam, the Sri Lankan-born hedge-fund tycoon and
Galleon Group co-founder at the centre of a US insider-trading crackdown, was
found guilty of all 14 counts against him in the largest illegal stock-tipping
case in a generation.
A jury of eight women and four men in Manhattan returned its verdict today after
hearing evidence that Rajaratnam, 53, engaged in a seven-year conspiracy to
trade on inside information from corporate executives, bankers, consultants,
traders and directors of public companies including Goldman Sachs Group. He
gained $63.8m, prosecutors said.
In New York Wednesday, the Dow
tumbled 157 points or 1.23% to 12,603.
The S&P 500 slid 1.27% and the
Nasdaq slipped 1.17%.