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Ireland’s economy is expected to rise by 4.8% this year and 4.4% next year. This is great news for Irish SMEs, the largest body of employers in the country.
Ireland is one of Europe’s best places to be an owner of a SME. That’s according to Ireland’s Small Business Act (SBA) Factsheet for 2015, released by the European Commission.
The value of the Irish food and drink industry's exports in 2015 exceeded €10.8 billion, breaking all previous records. This represents an increase of 3% on 2014’s figures and is the sixth consecutive year of export growth.
The Irish Beef Industry is enjoying a boom at the minute within the German market. It has in fact grown six-fold in as many years.
The demand for Irish food services is growing. According to a study published by Bord Bia, the total value of the food service market in Ireland has grown to €6.13 billion.
Irish dairy producers are experiencing a rise in fortunes recently. The long-imposed milk quotas have been lifted and dairy farmers are reaping the rewards.
The amount of red tape, and the associated costs, surrounding business in Ireland is hurting Irish SMEs.