Arab Today, arab today forbes names ireland as best country in world for business
Last Updated : GMT 02:41:00
Arab Today, arab today
Arab Today, arab today

Forbes names Ireland as best country in world for business

Arab Today, arab today

Arab Today, arab today Forbes names Ireland as best country in world for business

Dublin - XINHUA

Ireland has been named the best country in the world for business by U.S. financial magazine Forbes for the first time since the list began in 2006, it was learned on Thursday. Ireland moved up from number six last year, as a result of improved scores on monetary freedom and the high return from the Irish Stock Exchange Overall Index. A total of 145 countries were studied for the list which is compiled by grading 11 different factors including innovation, taxes, corruption, red tape and stock market performance. Ireland scored well across the board for business friendliness and very near the top for low tax burden, investor protection and personal freedom. Despite Ireland's recent economic problems it remained a pro-business country that continued to attract investments from some of the world's biggest companies over the last ten years, Forbes said. The U.S. magazine said that the economic downturn had made it more attractive for companies moving to Ireland as nominal wages fell by 17 percent between 2008 and 2011, which help keep labor costs in check. The fact that unemployment remains stubbornly high also means that companies have a large labor pool from which to pick from, it said. Forbes said there are now over 1,000 overseas companies with a presence in Ireland, adding that the country also serves as the European headquarters for a number of U.S. firms, including Google, Twitter and Facebook. The rest of the top five in the rankings are New Zealand, Hong Kong, Denmark and Sweden. The United States continued its four year slide and is now ranked at number 14 after sitting in second place in 2009. Ireland's Jobs Minister Richard Bruton welcomed the publication of the Forbes annual ranking of the Best Countries for Business. "Today's finding by Forbes that we are the best country in the world for business is above all a testament to the hard work and innovation of our businesses and workers," he said. "It is the latest in a range of indicators which shows that the environment for business here is steadily improving, and shows that the hard work and sacrifices of so many people are yielding tangible results in terms of international competitiveness and the jobs we so badly need," he added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today forbes names ireland as best country in world for business Arab Today, arab today forbes names ireland as best country in world for business

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today forbes names ireland as best country in world for business Arab Today, arab today forbes names ireland as best country in world for business

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday