‘Hallmarks of economic recovery’

An increase in the number of new companies established in the first half of the year, combined with a reduction in the number of insolvencies are "the hallmarks of an economic recovery", according to a business risk analysis firm.

More than 8,600 companies were formed in the first half of this year, representing a 14% increase on the same period in 2013, according to Vision-net.ie. This year has also seen an overall decline in company insolvencies.

Combined, these two factors paint a positive picture of a recovering economy, according to Vision-net managing director, Christine Cullen.