Posts Tagged ‘press release’

Translation and interpretation firm founded by migrant who arrived in Ireland in 2003 has expanded well beyond expectations

June 3, 2015 Comments off

by The Irish Times, 3rd June 2015

Translit has come a long way in a short time. Alex Chernenko established the Limerick-based company, which also has offices in Cork city, as a one-man operation in 2009.

Since then, it has expanded well beyond what he originally envisaged and Alex is now looking to franchise his business model to grow the company further.

A recent finalist in the Best Emerging/Start-up Business category at the Limerick Chamber Regional Business Awards, Translit provides certified translation and interpretation services. The company has a database of more than 500 translators and interpreters covering more than 70 languages.

More recently, it has moved into a number of related work areas such as localisation and even further afield into facilitating company formations, and providing business consultancy services and tax advice.

Alex, who is proficient in English, Ukrainian, Russian and Romanian, moved to Ireland from the Ukraine in 2003. After getting a degree in computer engineering from the University of Limerick, he began to freelance as a translator while also working in IT. Read more…


December 8, 2014 Comments off

by Gerard MacCarthy, director, Enterprise Ireland Russia/CIS and head of the commercial department at the Embassy of Ireland

“Ireland – #1 Best Countries for Business “
Forbes 2014

As part of the intergovernmental Ireland-Russia Joint Economic Commission, on November 24 2014 the first ever multi-agency Team Ireland Showcase was held in Moscow at the Russian Chamber of Commerce and Industry’s headquarters, a stone’s throw away from the Kremlin.

The showcase highlighted Ireland as an investment and joint-project destination, allowing Russian investment, VC, and R&D partners to explore the potential for establishing joint intellectual property or production bases using Ireland’s long experience in the commercialisation of innovative and high-tech projects.

Speakers at the event included: Ambassador Eoin O’Leary; Georgi Petrov, Vice-President of the Russian Chamber of Commerce and Industry; Dmitry Sazhin, Head of the Europe and American Department of the Ministry of Economic Development; Professor Shamil Gantsev, Member of the Federation Council; and Shane Nolan, Head of Growth Markets Division, Industrial Development Authority of Ireland (IDA); Dr. Darrin Morrissey, Director of Programs, Science Foundation Ireland; Peter Lennox, International Entrepreneur Programme Senior Development Advisor, Enterprise Ireland; Pat Flynn, Flynn O’Driscoll Lawyers, Member of the Board of Directors, Enterprise Ireland; Brien Henderson, Head of the Visa Department, the Embassy of Ireland, Moscow; and Dmitry Simonenko, a Russian serial entrepreneur who has two businesses in Ireland. The event was introduced by Gerard MacCarthy, Director of Enterprise Ireland’s Russia and CIS office. Read more…

PRESS RELEASE: Russian Business Forum

June 6, 2013 Comments off

The Ireland Russia Business Association and Enterprise Ireland will host a Russian Business Forum this Friday, 7th June 2013 at Enterprise Ireland’s Head Office in East Point Business Park, Dublin 3.

Mr. John Perry TD, 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.

H.E. Ambassador of Russia to Ireland Mr. Maxim Peshkov will attend and participate in the discussions along with his colleagues from the Embassy of the Russian Federation in Ireland.

Speaking in advance of the Forum Minister Perry said:

CSO figures are showing that Irish companies are increasing their presence in Russia.  Figures for 2012 show exports increased 19% year on year from 2011 and 61% from 2010.  Nearly half of these exports are created by indigenous companies who are clients of Enterprise Ireland. These figures confirm that doing business in Russia is an important part of the Government’s exports and jobs programme.

Read more…

PRESS RELEASE: IRBA Welcomes Tánaiste Agreement On Trade

November 8, 2011 Comments off

Trade between with Russia is a fraction of what is possible with this the  8th largest economy, hence new trade and economic cooperation agreement signed by Tánaiste is important for Irish exporters.

The Ireland Russia Business Association (IRBA), subsidiary of The Irish Exporters Association (IEA),  the national trade body representing and promoting the business interests of Ireland’s 4,000 exporters, welcomes the announcement today  that  the Tánaiste and Minister for Foreign Affairs and Trade Eamon Gilmore, T.D. wrapped up his official visit to Russia today with the signing of an agreement on a programme for trade and economic cooperation between Ireland and Russia.

The IRBA understand that the keys areas that the trade and economic cooperation agreement will focus on are trade development in education, agriculture, transport, energy, and information technology, which is in line with the IRBA submission to Government ahead of the inter-government meeting on the 7th.

The IRBA advised that: trade between Ireland and Russia in the first seven months of 2011 accounted for only €70m in imports and €311m in exports. In terms of FDI to Ireland, IDA has only 2 client companies of Russian origin employing 27 people. These numbers  are a fraction of what should be possible  with world’s 8th largest economy that has the highest per capita income amongst all BRIC economies.

The IRBA, however, are  encouraged by  the signing of the Trade Development Agreement  which it and the IEA had been lobbying the Dept of Foreign Affairs and Trade to put in place as a first step to more rapid trade expansion with Russia.

We hope that in addition to re-launching the important work of the Joint Economic Council as a part of the Government-to-Government initiative, the new agreement will facilitate development of a working dialogue between the Irish Government Departments and the companies currently engaged in trade and investment with Russia. We also note that the lack of signficiant information exchanges and data flows between the two countries currently holds back trade and investment development. Irish exporters Association and IRBA have expressed their commitment to participating in the process of building bilateral data and information exchanges to assist Irish exporters and Russian investors interested in advancing bilateral trade and investment flows.

Despite the low exports sales volume  the IRBA noted that year on year, exports to Russia are up 53.5%, with imports though are now down 31.3% year on year. For seven months through July 2011, Irish trade balance with Russia was €241mln, up on €122mln for the same period in 2010.

Of all BRIC countries, Russia was the only country that delivered improved trade surplus for Ireland.

A full copy of the IRBA submission  to the Tánaiste and Minister for Foreign affairs and Trade can be had at this link.

Ireland Russia Business Association. 7th Nov 2011.