Rise in Doing Business Rank Welcome but Warning Signs Remain

Chambers Ireland has today (29/10/14) welcomed the news that Ireland has moved up four places to thirteen in the World Bank Group Doing Business 2015 rank.

Speaking this morning, Ian Talbot, Chief Executive, Chambers Ireland said “It is great news overall that we have moved up in the World Bank global ranking system. However, when you take a closer look there is one particularly worrying statistic. Ireland’s performance in the category dealing with planning and construction permits has deteriorated from an already inadequate ranking of 117th place to 128th place. This puts Ireland just ahead of Bolivia and Myanmar in terms of ease of navigating the regulatory framework around planning and construction permits.” 

“This is an enormous warning sign for Government that our planning and permit regimes are not fit for purpose and need a radical overhaul. We cannot expect to be the best small country in the world in which to do business if the regulatory framework inhibits development. It is well within our control to dramatically improve in this area and this must be a key focus of Government efforts in the next 12 months,” he concluded.

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For further information please contact Amy Woods, Chambers Ireland on 014004319, 086 6081605 or email amy.woods@www.chambers.ie