The Minister for Trade and Commerce, Billy Kelleher TD, is leading 30 top Irish firms on a week-long trade mission to Russia.
The firms are from a range of sectors including engineering, construction, food and drink, education and business services.
Half of them are in the information communications technology (ICT) and services sectors.
The trade mission has been organised by the Government's indigenous job creation agency, Enterprise Ireland, to coincide with President Mary McAleese’s visit to Russia.
Irish exports to the country grew by over 66 per cent in the first five months of this year.
Ireland is the seventh largest provider of foreign direct investment to Russia ahead of the US and Japan.
Enterprise Ireland has set up an extensive programme of meetings for each Irish firm with existing and potential customers and partners.
Speaking before he left, Minister Kelleher described the trade mission as "an important opportunity to showcase Irish firms and generate new business opportunities".
He said: "Russia is a significant trading partner for Ireland and the country’s continued economic development has resulted in a wide range of business and commercial opportunities for Irish firms.
"We want to give Irish firms opportunities to strengthen their business links with Russia and help new market-entrants to land their first breakthrough sale there.
"Our economic recovery will be export-led and the Government’s strategy is to target markets with high growth potential that can generate revenues and jobs for Irish firms."
Ireland and Russia have similar national research and development goals with a strong focus on funding research in nanotechnology, life science and ICT.
A separate event is being organised for the Irish higher education sector to build contacts with Russian colleges through Education Ireland.
(CD/KMcA)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
20/11/2024
MDE has been awarded the electrical services contract for the Clondalkin School Development Project in Dublin. Working alongside Cunningham Contracts Ltd., the company will serve as the specialist electrical contractor for the construction of new facilities for Gaelscoil na Camóige, Gaelscoil ...
20/11/2024
In celebration of European Week for Waste Reduction, the Northern Ireland Resources Network (NIRN) has launched an environmental education programme to promote zero-waste principles among young people. Three schools from the ABC Borough—St Francis Primary School in Lurgan, St Patrick's Primary ...
20/11/2024
Work has begun at hospital sites across Northern Ireland as part of preparations to eliminate car parking charges by May 2026. Health and Social Care Trusts are installing the necessary infrastructure for a new traffic management system, following the passing of the Hospital Parking Charges Act by ...
20/11/2024
Fine Gael has accused Sinn Féin of abandoning its commitment to protect consumers from rising energy costs, claiming that the party's policies could lead to increased costs for 2.1 million customers. The criticism comes after Sinn Féin's alternative budget last month proposed retaining the ...
20/11/2024
SDLP Agriculture, Environment, and Rural Affairs Spokesperson Patsy McGlone has urged Minister Andrew Muir to take decisive action to protect the environment, rather than launching additional reviews. The comments came after Minister Muir announced a review into environmental governance during an ...
20/11/2024
Alliance Strangford MLAs Kellie Armstrong and Nick Mathison, along with Alliance East Antrim MLA Danny Donnelly, recently visited the tidal research experiment at Queen's University Marine Laboratory (QML) in Strangford. The project, funded by the Centre for Advanced Sustainable Energy (CASE), is ...
19/11/2024
Phoenix Energy has been awarded an international standards accreditation from the British Standards Institution (BSI) in recognition of its inclusive service approach for customers in vulnerable situations. The certification highlights Phoenix Energy's commitment to providing fair, flexible, and ...
19/11/2024
Seating Matters is investing £3.7 million to enhance and improve its manufacturing facilities in Limavady and L'Derry. The company is aiming to support its bold strategy to triple revenue by 2027. Making the announcement while visiting the company's Limavady site Economy Minister Conor Murphy ...
19/11/2024
SDLP Infrastructure Spokesperson Mark H Durkan has urged the Minister and the Executive to take immediate action to address problems within Northern Ireland Water. Mr Durkan warned that the current state of the wastewater system is creating significant delays for infrastructure projects across ...
19/11/2024
Galway City Council will hold a public information evening on affordable housing on Monday, November 25, 2024, from 4pm to 8pm at the Connacht Hotel, Old Dublin Road, Galway. The event will provide an opportunity for the public to learn about how affordable housing operates. Council staff will be ...