Insolvency rate down by a fifth.

The company insolvency rate in Ireland in 2013 has dropped by almost one-fifth when compared to the same period last year.

Details provided by Solocheck show that 812 companies were declared insolvent between 1st January and 24th June 2013, down 17% on the same period in 2012 when 976 were recorded.

69% of insolvent companies this year have been liquidated with a further 30% entering receivership and the remainder going in to examinership.

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Reducing Red Tape For Business

The Minister for Jobs, Enterprise and Innovation Richard Bruton TD has launched businessregulation.ie, a new website aimed at reducing the burden of red tape on business by bringing together in one place clear information on regulations imposed by over 30 Government bodies and how to comply with them.

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