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Etsy to lead 150 jobs boost here

ONLINE craft company Etsy is part of plans to bring to bring up to 150 jobs to Ireland.

Etsy, along with five other companies ranging across digital media, financial technology and pharmaceutical sectors, have all planned 147 jobs in Dublin and Cork.

The tech company, which focuses on handmade goods plans, to establish its first base here.

And database company 10gen.com also aims to build a European HQ in Dublin.

Minister for Jobs, Enterprise and Innovation Richard Bruton said that if the companies "root" in Ireland, they will "spread their growth here".

Etsy in particular has recorded a booming profit line in 2012 with sales rocketing by 70pc in just one year.

Jewellery, clothing, and household goods are all steaming ahead but furniture was the fastest growing category for shoppers on Etsy this year -- growing 134pc within just one year.

The New York-based company said sales in the handmade marketplace climbed from $525.6m (¤390m) in 2011 to $895.1m (¤665m) in 2012

New buyers registered with the company's site increased by 83pc in 2012, with 10 million new members joining Etsy last year from over 200 countries. Shoppers in the US, Canada, the UK, Australia and most of Europe made the most purchases. Etsy added five new versions of its site translated into French, Dutch, British English, Italian and Spanish last year.