Eurozone map
Doing Businessin the Eurozone
Eurozone Germany
Doing Businessin the Eurozone

Eurozone Market Insights

Market Overview

The Eurozone is one of the world’s largest economic regions. Its currency, the Euro, is the second most traded globally and is considered one of the strongest in the world. With a population of over 340 million, the Eurozone benefits from ongoing economic growth, falling unemployment rates and a healthy level of inflation.

Key Statistics

340 million population

6 Enterprise Ireland offices

Potential export market of €38 billion

The Opportunity

When Ireland joined the Euro in 2002, it created an unprecendented opportunity to extend our domestic market into the single market with zero currency risk. Yet today, the Eurozone represents a largely untapped opportunity for Irish exporters. The stability offered by a shared currency, shared regulations and simplified tariffs and customs requirements are only some of the reasons why the market should be high on the agenda for Irish businesses looking to expand their reach.

Economic indicators look bright. Over the next two years, unemployment is forecast to lower, with steady growth rates of 1.3 to 1.6% , despite the challenging environment.

Enterprise Ireland supports

Knowledge of the competitive environment within new markets is the key to successful export growth. Enterprise Ireland’s Market Research Centre offers client companies access to key market intelligence needed to explore opportunities and compete internationally.

We also support Irish businesses with local knowledge and sectoral expertise through our global network of Market Advisors as well as a suite of tailored Eurozone supports.

Enterprise Ireland has six Eurozone offices based across Paris, BrusselsAmsterdam, Dusseldorf, Milan and Madrid. Here are some of the benefits of doing business in the Eurozone:

    No Currency Exposure

    No customs declarations or tariffs

    Regulatory alignment

    Exporting to the Eurozone

    Entering a new export market will always pose challenges, in particular, language and cultural barriers and different ways of working.

    A critical success factor of entering any new region is having a focused strategy that includes extensive market research as well as resource and time commitment. With the right strategy in place, your business will be able to overcome the common obstacles of expanding into new territories.

    Six key steps

    Step 1: Market selection

    Step 2: Market research and validation

    Step 3: Refine value proposition and communications strategy

    Step 4: Identify route to market and localization requirement

    Step 5: Put resources (financial and people) in place

    Step 6: Finalise Market Entry Plan

    Enterprise Ireland has a package of tailored supports to help Irish companies on their export journey from funding and market insight to language training and a network of Eurozone offices. Learn more.

    Eurozone Consultancy Support

    Advice and support on the necessary steps and preparation to successfully enter the Eurozone.

    Market Research Centre

    Provides access to valuable business intelligence reports that detail relevant company, market and sector information. Learn more.

    Enter the Eurozone, Management Development Programme

    An intensive programme of workshops, one-to-ones and market entry planning to help build an in-market itinerary for entering a specific Eurozone market.

    Market Discovery Fund

    Helping companies to research new markets by providing funding to hire market consultants, determine barriers, assess competitive landscapes and develop viable and sustainable market entry strategies. Learn more.

    Enterprise Ireland Market Advisers

    The Market Advisers in our six European offices have the local knowledge, connections and expertise to advise on growing your Eurozone sales. 

    GradStart Subsidy for Language Graduates

    Salary support for the recruitment of graduates with language fluency. Learn more.

    France

    Sinead Lonergan

    sinead.lonergan@enterprise-ireland.com

    Enterprise Ireland Paris Office,
    33 Rue de Miromesnil,
    75008,
    Paris,
    France

    00 33 (0) 153 43 12 00

    Germany

    Eddie Goodwin

    eddie.goodwin@enterprise-ireland.com

    Enterprise Ireland Düsseldorf office
    Derendorfer Allee 6
    40476
    Düsseldorf
    Germany

    00 49 (211) 4705920

    Spain

    Alberto Cisterna Viladrich

    alberto.cisterna@enterprise-ireland.com

    Enterprise Ireland Madrid Office
    Casa de Irlanda
    Paseo de la Castellana, 46-2
    28046
    Madrid

    00 34 91 4364 086

    Belgium, Netherlands & Luxembourg

    Patrick Torrekens

    patrick.torrekens@enterprise-ireland.com

    Enterprise Ireland Brussels Office
    Sablon Tower
    Rue Joseph Stevens 7
    Jozef Stevensstraat, 1000
    Bruxelles,
    Belgium

    00 32 (0)2 673 9866

    00 32 474 842 787

    Italy

    Paul Maguire

    paul.maguire@enterprise-ireland.com

    Enterprise Ireland Milan Office
    Via Edmondo de Amicis 53
    20123
    Milano
    Italy

    00 39 02880099224

    Going Global Guide

    Download our Going Global guides for Germany, France, Belgium & Luxembourg, Netherlands, Spain and Italy.

    Germany

    France

    Belgium & Luxembourg

    Netherlands

    Spain

    Italy