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Bad debts up by 7pc

BAD debt losses by Irish businesses jumped by 7pc over the past 12 months, with the public sector particularly slow to pay, says the Irish Exporters Association.

The Government and State agencies have failed to improve their payment performance over the past 12 months, it said.

The European payment 2013 index ranks Ireland as high-risk in terms of debtor payment delays and non-payment default.