It was established by the Decision of the Council of Ministers no. 438/1962 by which it was specified that the object of activity is "the manufacture of passive electronic components and semiconductors". It was a state enterprise of republican importance belonging to the MICM (Ministry of Industry and Machinery Construction), which later became MIMUEE, being subordinated to the CIETC (Central of Electronic Industry and Computing Techniques). [ 1 ]
The first production workshops were organized in the premises of the "mother" Electronica plant in 82 Baicului str., on the second floor of building 20, on an area of approximately 4,000 square meters. Low and medium frequency transistors , diodes , styroflex capacitors and miniature electrolytic capacitors were manufactured here for the first time in the country . [ 1 ]
Sections are presented in ascending order of name, the year of establishment is listed separately.
Section 2200 – Low Power and Low Frequency Germanium Devices – Year Established: 1962;
Section 2300 – Silicon diodes and thyristors – year of establishment: 1969;
Section 2400 – Integrated Circuits – year established: 1970;
Section 2500 – Low Power Silicon Transistors and Diodes – Established: 1974;
Section 2700 – Passive components – year established: 1962;
In 2003, Elmefa BV - a Dutch holding specialized in electrical and electronic production - tried unsuccessfully to buy IPRS Baneasa from APAPS but was eliminated from privatization [ 6 ] . In September 2003 , the majority stake of 51.4% of shares was bought from AVAS (formerly APAPS) by Ogharit Trading CO Syria , controlled by businessman Omar Hayssam [ 7 ] . Ogharit Trading came with an offer of 3.1 million euros which included the payment of the company's debts [ 8 ] . But, after that, the Romanian state wrote off almost all of IPRS's debt, so that in reality Ogharit Trading bought the company for the sum of 140,000 euros [ 8 ] . After taking over the company, the Syrians did not make any investment [ 8 ] . At one point there was talk only of trucks leaving the enterprise loaded with "scrap metal" [ 8 ] . The Syrian company was engaged in the import-export of general goods and construction, not having as its main activity the field of information technology [ 7 ] . Also, the company was founded in 2001, so even if it had this object of activity, it would not have met another pre-qualification criterion established by APAPS, namely five years of experience in the field of information and communication technology [ 7 ] . However, only after the conviction of Omar Hayssam for acts of terrorism in the case of the kidnapping of Romanian journalists in Iraq , the Romanian authorities realized that the Ogharit Trading company did not have the necessary quality of a strategic investor [ 7 ] . The authorities canceled the privatization contract and announced that they will try to maintain the company's object of activity [ 3 ] . By December 2006, AVAS sold 1.4 hectares of the company's land to the Lebanese Jabra family [ 3 ] . On June 15, 2007, the Bucharest Court decided to cancel the sale-purchase contract of the majority stake to Ogharit Trading [ 7 ] .
quite a interesting history there

what is going on there now? you can write a opera about it