Ireland and China established a new investment fund for technology companies operating in these countries. The investment fund, with a total value of EUR 150 million, was set up by the Ireland Strategic Investment Fund (ISIF) and CIC Capital Corporation. The main purpose of the fund is to assist Irish companies to expand their activities on the Chinese market; through this fund, companies in China will use Ireland as their base market to operate on the European market. This fund represents a second project in this sense, after the launch of a similar vehicle in 2014, with a value of $ 100 million. Our team of consultants in company formation in Ireland can advise investors on how to access the fund established by the two states.
According to a study carried out in Ireland, the Irish shoppers will spend throughout 2018 more than EUR 10,9 billion on groceries. This will mark an increase of EUR 420 million, compared to the situation of 2017. Up until February 2018, the Irish shoppers have purchased groceries in a total amount of EUR 2,56 billion, which represents an increase of 3,9% compared to the first two months of the previous year, in the situation in which the prices for groceries did not change substantially compared to 2017 (however, a small decline of 0.1% was observed). Our team company formation specialists in Ireland can advise foreign businessmen on the procedure of importing and selling groceries on the local market.