Ireland has moved up one place to 23rd in the World Economic Forum’s annual competitiveness report.
According to the report the most problematic factors when doing business in Ireland are an inadequate supply of infrastructure, our tax rates, and access to finance.
The report highlights a significant gap in innovation between Northern and Western European countries - and the rest of the continent.
Switzerland tops the index for the eighth year in a row and it is followed by Singapore, the US, and the Netherlands.