Irish Business Activity Improves

Business activity in Ireland appears to be on the up, according to a new report by the World bank.

'Doing Business 2015' is the World Bank's annual flagship publication, which assesses the business and regulatory environment in 189 economies and ranks them in 10 areas of business regulation.

Ireland has ranked 13th out of 189 economies, indicating a rise from last year's place of 15th.

Ireland is now in the world’s top-10 improvers’ group, the only EU Member State and the only OECD member to be included in this group.

Finance Minister Michael Noonan said: "I welcome the continued strong performance by Ireland in the Doing Business Report, which is reflective of the ongoing reforms being implemented in Ireland’s business and regulatory environment as we continue to improve our competitiveness. The Doing Business Report makes a valuable contribution as it encourages countries to benchmark themselves against the best performing economies and it supports the reform agenda at a global level. Importantly, it focuses on the quality of regulations and not just their efficiency."

(IT/CD)