Tougher operating conditions to come for Irish business, report warns

IRISH companies can expect a tougher operating environment over the coming years but Ireland will remain a good place to do business.

A new report from credit insurance firm Euler Hermes, which is part of Allianz, forecasts a largely positive outlook for Irish businesses across sectors but said many businesses that have benefited from the success of the Irish economy would struggle under less favourable conditions.

The report said the Irish property boom may have allowed under-performing companies to make money they normally wouldn’t have been able to.