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April 19, 2021

Companies & opportunities

Romstrade holding plans to invest in Iraq

Romstrade Holding, owned by businessman Nelu Iordache, plans to invest in Iraq, in infrastructure, transport and agriculture projects and, to this end, the holding management paid a visit to this Middle East country, announced on Wednesday general manager of the holding Gheorghe Racaru, Agerpres informs. ‘We paid a visit to get informed and we gathered projects in which we are interested in investing, projects starting from motorway and road construction, air transport, capacities for bitumen production, as well as investments in infrastructure. The first projects we are to invest in will be launched in the spring next year’, said Gheorghe Racaru.He stressed that in order to implement these planned investments the holding is to open in the upcoming days an office in Erbil city, Kurdistan, a zone in northern Iraq, where Romstrade investments will be focused.’Everybody asks why we chose to invest in Iraq. The answer is simple:’ The crisis reached Germany, but not Iraq’, said Racaru. Romstrade construction company has an integral Romanian capital and it was set up in 1994.

Terapia Ranbaxy invests close to Cluj

The company Terapia Ranbaxy, the biggest producer of generic medicines in Romania, a member of the Japanese group Daiichi Sankyo, finalized the works at a big storehouse for finished products, located at Apahida, a press release informs. The new investment is made in a modern industrial building, some 10 km away from the central offices of the company from Cluj, which has a storage capacity of 1,900 pallets on a surface of 1,600 sq m. “The finalization of the works will optimize the own supply chain, in agreement with the highest storage and distribution standards. Thus, we shall have the possibility to better use a manufacturing portfolio in over 20 forms of presentation, from innovative and generic medicines, to products without medical prescription (OTC), and nourishing supplements addressed to various conditions from the sphere of the cardiovascular, digestive, locomotion and central nervous systems,” Terapia Ranbaxy director, Dragos Damian declared.

Google awards Romanian-German company iQuest

Google has awarded the Romanian-German company iQuest with USD 100,000 for a software application to be integrated into the Android operating system the US giant is developing for mobile phones, Mediafax informs. ‘iQuest has received the trophy in the category as well as a reward of USD 100,000 within the Google-initiated world competition. The annual Android Developer Challenge contest is in its second edition and is designed to encourage software developer to create applications for Google’s Android OS that will be installed on the latest mobile devices’ reads a press release issued by the Romanian-German company on Thursday. The winner in the category – the Trip Journal application developed by iQuest in this way becomes one of the world’s ten best applications developed for telephones with the Android OS in 2009. The software was created in about five months and includes GPS route tracking, position viewing on Google Maps, learning of co-ordinates and annotated photographs, with all entries being exportable into Google Earth for viewing and with photographs uploadable onto Picasa web albums.

Romanians – big users of Ristretto

Nestle Nespresso launched a new Grand Cru product, Ristretto Origin India, a mix consisting of 100 percent coffee coming from only one country of origin. “The Romanians are great users of Ristretto, especially in autumn and winter, and this product will be enjoyed by everybody,” declared Mihaela Scaunaru-Andrei, marketing manager. In Romania, the new assortment of Nespresso coffee is available through the importer and distributor Brands International. The new coffee, with an intense content of Ristretto, contains scents of cocoa, clove, pepper and nutmeg. Nestle Nespresso has traded products in over 50 countries and is the company with the fastest economic growth in Nestle Group.

Microsoft Romania estimates a growth of business in December

Microsoft Romania expects an advance of business in December vs. the same period of 2008, being the first month of growth of the current financial year, which began on July 1, the general manager of the local representation of the US software producer, Calin Tatomir, declared yesterday, according to Mediafax. He added that since its launching, Windows 7 registered in Romania sales of patents through the retail segment 15 times bigger than those registered in 2008 for the operation system Windows Vista. Tatomir pointed out that the main priority of Microsoft Romania is the increase of the market shares for the related segments, both for the operation systems and the business applications.

The US concern launched on October 22, at global level, the operation system Windows 7 in 12 languages. According to Microsoft data, the Windows 7 test variant was downloaded by almost 100,000 users from Romania.

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