Ibec welcomes Ireland’s better score card in global report

Ibec, the group that represents Irish business, yesterday welcomed Ireland’s improved position in the World Economic Forum’s latest Global Competitiveness Report.

Ireland moved up three places to 25th position since the last survey. Ibec however said the report highlighted some key areas where Ireland needs to raise its game.

Reacting to the survey, Ibec director of policy and corporate affairs Mary Rose Burke said: “The improved ranking is welcome, but we have a long way to go. The regulatory burden on business is too high and needs to be reduced.