According to reports, Internet firm Yahoo will soon announce its expansion plans, under which the company will make an announcement about its decision to create 200 new jobs in Ireland over the next one year.

Yahoo is set to reveal in its announcement that it will increase its Ireland workforce by more than two times, by appointing 200 new employees for its office in Dublin. The new employees will be hired in the areas of technology, HR, customer support, operations, and finance.

The expansion move by Yahoo is a strategically significant one, given the fact that the company's Dublin office provides customer care, technical and operational support, as well as finance-related services to different countries across Europe, Africa, and the Middle East.

Yahoo's expansion plans in Ireland were discussed in the last year at a meeting which the company officials held with Taoiseach Enda Kenny and Richard Bruton - Minister for Jobs, Enterprise and Innovation. The expansion is chiefly a part of an Industrial Development Authority (IDA) initiative.

Terming Yahoo's expansion as an endorsement of Ireland's economic recovery and the country's increasing attractiveness as a preferred country for continued foreign direct investment, Kenny welcomed the expansion move and said: "Ireland is becoming the Internet capital of Europe with companies like Yahoo! offering great opportunities to our passionate, highly-skilled work force."