In a strategic move to enhance operational performance and production capabilities, LIBERTY Galati, Romania’s largest steel producer, has announced major changes to its executive leadership team. This includes the appointment of a new Board Member, an interim General Manager, and the launch of a recruitment process for a permanent General Manager. Leadership Changes at LIBERTY Galati Radu Ionescu steps down as General Manager of LIBERTY Galati and Tubular but will remain as a trusted adviser and business partner. Ajay Aggarwal, Chairman of the Board, returns as interim General Manager. With over 35 years of international experience in finance, trading, and M&A, Aggarwal previously led the company to record-breaking performance in 2021 with 2.35 million tonnes of production and RON 9.37 billion in turnover. He will guide the team in reinforcing LIBERTY Galati’s strategic role in Romania’s economy. New Board Appointment Oana Petrescu joins the Board as a key member instrumental in formulating the company’s restructuring plan. With three decades of experience in financial and business turnaround, including leadership roles at Arthur Andersen, Ernst & Young, Deloitte, and BCR, she is currently Restructuring Partner at EuroInsol. Strengthening the Romanian Leadership Team Cornel Moisescu is promoted to Head of Production, overseeing upstream and downstream operations, including all rolling mills and coating lines. Aida Nechifor is appointed Head of Finance. With over 20 years at Galati, she previously held key leadership roles including CFO and General Manager. She currently serves as President of UniRomSider. The company has initiated an executive search process, in collaboration with a global recruitment firm, to identify a permanent General Manager and strengthen leadership in critical areas.
Romania’s Finance Ministry managed to attract RON 681.3 million and EUR 192 million (totaling RON 1.65 billion or EUR 326 million) through the sixth offering of government Fidelis bonds for retail investors. The new bonds were listed on the Bucharest Stock Exchange, an event marked on Thursday, July 17, at the BVB headquarters. According to […]
A new Hilton Garden Inn hotel will open in Bucharest as part of the final construction phase of the EnVogue Residence – Iuliu Maniu project, the developer announced Thursday, July 17. The hotel will be integrated into a two-section building, whose structure has already been completed, and will feature 125 rooms, a gym, restaurant, event […]
The Bucharest Stock Exchange (BVB) has announced the semi-finalists for the 2025 edition of its flagship program, BVB Arena, which aims to highlight ambitious Romanian entrepreneurial companies capable of driving the national economy. From an impressive initial pool of 485 valid nominations, the Nomination Committee selected 50 semi-finalist companies representing diverse sectors, including IT&C, trade, […]
Romanian president Nicușor Dan will pay an official visit to Berlin, Germany, on Friday, July 18, the Presidential Administration announced. The visit, taking place at the invitation of German president Frank-Walter Steinmeier, includes official talks with both president Steinmeier and German chancellor...
An analysis published by recruitment platform eJobs shows that the highest salaries in Romania in the first half of 2025 were in Bucharest and the counties in the west of the country. The southern parts, on the other hand, had the lowest average salaries. Over 130,000 jobs and 5.1 million applications were recorded in the […]
Former tourism minister Elena Udrea is to be released on parole from Târgșor Prison on Thursday, July 17, following a final decision issued by the Prahova Tribunal. The court rejected an appeal filed by the anti-corruption prosecutors (DNA Ploiești), who had challenged a previous ruling by the Ploiești Court approving Udrea’s conditional release,
