Irish firms ‘missing out on Russian growth’

IRISH companies are missing out on opportunities in Russia, according to Enterprise Ireland’s “Man in Moscow”.

Russian conglomerates are currently investing in specialist areas of construction, energy, telecoms and agri- machinery, Moscow-based Mike Hogan told a breakfast audience of Irish and Russian business leaders in Dublin yesterday.

“Russia’s power requirement is such that they would need to build one Poolbeg every year between now and 2020,” he said.