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RUSSIAN business opportunities are rising and Irish firms are increasing their presence in the country, a business forum will hear today.

The Ireland Russia Business Association (IRBA) and Enterprise Ireland are hosting a Russian Business Forum today at the agency's head office in Dublin.

John Perry, left, Minister for Small Business will deliver the keynote address and speakers and panellists will include representatives from CRH, NT-MDT, Moscow Financial University, Bank of Ireland and the Irish Translators and Interpreters' Association.

The Russian ambassador, Maxim Peshkov is participating in the discussions along with his colleagues from the embassy of the Russian Federation in Ireland.

"Central Statistics Office figures are showing that Irish companies are increasing their presence in Russia," Mr Perry said.

"Figures for 2012 show exports increased 19pc year on year from 2011 and 61pc from 2010."

Mr Perry will lead the discussion on enhancing bilateral trade and investments with Russian. Representatives from the world of finance, ICT, technology, education and construction will present a Q&A on the opportunities and challenges in Russia.

There will also be panel discussions on logistics, shipping, legal advice, tax and translation negotiations.