A consortium formed by Turkish companies Belin Mining, Ceylan Metal Grup, Nakkas Holding, along with Dutch investment firm GTS Investments B.V., has officially submitted a letter of intent to ArcelorMittal, the world’s second-largest steel producer, as well as to the Romanian authorities. The proposal, transmitted through the Romanian company Richter Haus, outlines the group’s intention to acquire the ArcelorMittal Hunedoara steel plant, which the corporation recently announced plans to shut down. The investor group has expressed its commitment to continue the production of rolled profiles and other metallurgical products at Hunedoara, while also investing in modernization and re-technology upgrades. They have assured that they have the necessary financial resources not only to cover the acquisition but also to secure working capital and fund future investments. Negotiations and audit procedures are expected to begin soon. Strong industrial background Ceylan Metal Grup is one of Turkey’s largest producers of zinc and copper ingots and a leading international buyer of non-ferrous waste, residues, and slags. Belin Mining, active since 1998, is among Turkey’s key mining companies, with operations in North America and Asia. NakkaS Holding, founded in 1983, encompasses 16 companies employing more than 2,000 people, with activities across Europe, Asia, and Africa in oil, renewable energy, and mining. The Romanian partner in the consortium, Richter Haus, is owned by Daniela Bordea and Marian Ciornei, according to public registry data. The company exploits and processes essential industrial metals such as zinc, lead, copper, and iron. Future investments in Romania Richter Haus highlighted that, in collaboration with its Turkish partners — Ceylan Grup, Nakkas Mining, Belin Madencilik, and Merta — it has already launched a major project for the recovery of polymetals from waste deposits in Romania. This includes the construction of two advanced facilities for processing hazardous and non-hazardous metallurgical waste, an investment estimated at €30 million that is expected to generate over 150 new jobs, while also fulfilling environmental commitments under EU regulations.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
