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Business start-ups down more than one-fifth last year

Tuesday, 13 January 2009

The number of new business start-ups in Ireland fell by more than one-fifth last year, according to figures published today by Bank of Ireland.

The bank says the decline was experienced in most parts of the country, but the north-east experienced the largest drop.

Only Offaly and Longford witnessed an increase in the number of new companies entering the market.

More than 40% of new businesses last year were based in Dublin.

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