IDA welcomes Report by the National Competitiveness Council showing Tangible Improvements in the cost of doing Business in Ireland.

Dublin, IDA today (July 22nd 2010) welcomed a report by The National Competitiveness Council (NCC) and Forfas showing significant improvements in the cost of doing business in Ireland. The report analyses Ireland’s relative cost competitiveness performance in the areas of labour, property, utilities, and business services and also looks at the broader cost environment that directly impacts on the cost of doing business here.

Competitiveness is a key influencing factor when foreign multinational companies are choosing a location for their international operations. This report is further evidence that the cost of doing business in Ireland is falling, which in turn is helping to win new Foreign Direct Investment for Ireland and grow exports.

Barry O'Leary, IDA CEO

The report entitled,  ‘The Cost of doing Business in Ireland 2010’ shows Ireland’s cost competitiveness has improved considerably for a range of business inputs such as energy, property and a number of key business services.

Welcoming the Report, Barry O’Leary, CEO of IDA said, ‘Competitiveness is a key influencing factor when foreign multinational companies are choosing a location for their international operations. This report is further evidence that the cost of doing business in Ireland is falling, which in turn is helping to win new Foreign Direct Investment for Ireland and grow exports.

'IDA along with Government and all stakeholders involved in securing FDI for Ireland must retain a focus on maintaining competitiveness and work closely to ensure our competitive position internationally continues to improve as the economy returns to growth.’

The full report can be viewed at the following link:

http://www.competitiveness.ie/media/NCC100722-costs_of_doing_business_in_ireland_2010.pdf

For further information please contact

 IDA Ireland

Thomas McEvoy, Press Manager, Tel: 01 603 4255, Mob: 087 7426684

Antoinette Tyrrell, Press Officer, Tel: 01 603 4256, Mob: 087 7572053