Nearly 18,000 new companies formed in 2014

Nearly 18,000 new companies were formed in 2014 according to yearly statistics compiled by business and risk analysts Vision-net.

Overall, there was a 14 per cent rise in company startups in 2014 compared to the previous year, with 17,916 companies formed.

It was the first year that there were more than 17,000 startups since 2007, Vision-net said.

December was also the best month for startups since 2000, with 1,728 companies formed in the ...