Is Ireland really the best small country in the world to do business?

Posted by | October 29, 2014 | Uncategorized | No Comments

We’ve been hearing from the government since they took office that Ireland should be known as the Best Small Country in the World in which to do Business. And, for the second year running, Enda Kenny has some hard evidence to back that claim up.

Ireland has held onto the top position for added value of foreign direct investment projects in the IBM 2014 Global Location Trends report. Ireland has also ranked 13th in the World Bank’s annual survey Doing Business, up four places on last year.  The survey compares business regulations for domestic firms in 189 economies.

According to the IBM report, Ireland remains ‘the top performer in the world’ in relation to the the quality and added value brought by FDI projects coming into the country.

Finance Minister Michael Noonan  welcomed the continued strong performance by Ireland. “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,” Mr Noonan added.

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