More than 3,000 new companies set up last month

More than 3,000 new companies set up last month

More than 3,000 new companies were established in April.

According to credit risk analysts VisionNet.ie, the number of real estate agencies rose by over a half; and there was an 11% rise in the number of new construction firms.

The number of commercial insolvencies fell by more than one quarter; and 126 new companies were established every day in April.

Managing director of VisionNet.ie Christine Cullen said: "Dublin accounts for most of the start-ups - one in every two.

"As a result of that, (Dublin) also accounts for more insolvencies - about 35%, which is down compared to this time last year. About 8% of insolvencies were in Cork and the rest were spread around the country.

"Some counties had no insolvencies at all, which is absolutely great news."

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