The Central Bank will begin a
major review of its mortgage lending rules next month, the first since the measures were introduced in 2015, writes Eoin Burke-Kennedy. It comes as pressure mounts on regulators to ease restrictions on borrowing.
Ryanair chief Michael OâLeary accused Belarus of hijacking on Monday, saying the airline was co-operating with international security agencies after the eastern European country forcibly diverted one of its flights. Barry OâHalloran gauges reaction to the forcing down of the Ryanair flight on Sunday as airlines start to avoid Belarus airspace.
More than 260 wealthy non-EU citizens pledged to invest â¬185.6 million in the Republic under the Governmentâs
The agency which administers government income from the sale of passports saw less funds diverted to it last year because of their use in the COVID-19 emergency.
The National Development and Social Fund (NDSF) received €27.8 million from revenue from the Individual Investor Programme so that the total amount of proceeds received from inception to date amounted to €599.8 million.
In 2019, NDSF received €105.9 million. The difference is the result of the fact that in 2020, the ratio of how funds are distributed was changed in order to reflect the exigencies of the global
health pandemic. Whereas, under normal circumstances, 70% of the proceeds from Komunità Malta were normally received by the NSDF, this percentage was changed to 20%, the agency said on Monday.