Tuesday December 1, 2020

Irish invest €1bn in new EU states

Irish investors are believed to have pumped more than €1 billion into the ten new European Union member states in just over 12 months.

27th November, 2004

Irish investors are believed to have pumped more than €1 billion into the ten new European Union member states in just over 12 months.

The ventures include the €500 million Polonia Property Fund set up by AIB Capital Markets, a €145 million hotel investment by entrepreneur Sean Quinn, a €40 million property development by Ballymore Properties, and new investments by building material manufacturers CRH (which now has 87 plants in Poland alone) and Kingspan, Ardagh Glass...

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