Ireland/Ukraine Relations Get Trade Boost

KIEV, Ukraine -- A new trade association, which will facilitate more trade between Ireland and Ukraine, has been set up in Dublin to enable Irish firms to capitalise on the growing eastern European economy.

The Ukraine-Ireland Business and Trade Association will operate out of Dublin, Belfast and Kiev, and aims to provide advice and analysis to companies that are considering investing in Ukraine.

Brendan Murphy of Abbott International Consultancy Services, which is assisting with the venture, said the service would offer an entry into the Ukrainian marketplace and would also enable Ukrainian businesses to forge alliances with companies in this country.

“There is no quality advice on Ukraine available to Irish businesspeople at the moment so we aim to give people who are looking to broaden their horizons an insight into the Ukrainian economy,” said Murphy.

He said Ukraine was growing at a dramatic rate but that businesses needed advice on specific investment opportunities.

“Whilst property is booming, not all sectors are booming, not all cities are booming and not all areas are going to expand,” he said. “Ukraine has a long way to travel but as it begins to get things right, there are times when Irish businesses need to be there in order to capitalise.”

The association plans a series of workshops and seminars on potential investments for companies in the coming months and has the backing of the Ukrainian embassy in Dublin.

Murphy said the association would be able to offer research reports, property and industry reports, marketing and feasibility plans, procurement advice and a travel and translation service. The company's Dublin office is based in the Northside Enterprise Centre.