12/09/2014

Ireland Ranked First For Competitiveness In Europe

Ireland has ranked first in Europe for competitiveness, a new European Commission report has revealed.

Welcoming the news, Minister for Jobs, Enterprise and Innovation, Richard Bruton, said it was the latest in a line of positive international reports on Ireland’s competitiveness.

The report follows last week's World Economic Forum Global Competitiveness Report, which placed Ireland at 25th in the world, its best ranking in this series since 2009, and up three places from last year.

"Improving Ireland's competitiveness is one of the central aims of the Action Plan for Jobs. Making Ireland more competitive makes it easier for us to convince multinational companies to create jobs here, and easier for us to support our Irish companies in selling their goods and services abroad," Minister Bruton said.

"Over the past three years we have made systematic, brick-by-brick changes across the economy to improve our competitiveness, like changes to the wage-setting mechanisms, reforms in our skills and research systems, and the pro-jobs improvements to our tax code which Michael Noonan has introduced in successive budgets. And we have seen the results with 70,000 jobs created since we launched the first Action Plan for Jobs, of which 25,000 were in Irish and multinational exporting companies.

"This report is the latest in a series which show a strong performance by Ireland in international competitiveness. This makes it easier for me, my Department and our Agencies to go into boardrooms and convince companies and Governments to buy our goods and services or locate jobs in Ireland. The challenge now is to build on this, avoid doing anything that would jeopardise the recovery, and continue creating the jobs we need."

(MH/CD)

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