The Altur Slatina suspends its activity temporarily, between 18 April and 1 May due to the evolution of the conflict between Russia and Ukraine. According to a press release sent on Friday to the Stock Exchange Bucharest for a large part of the employees the individual work contracts will be suspended. ‘The measures are taken with the general situation of armed conflict in Ukraine in mind, which led to the interruption of the economic activity in Urkraine as well as the institution by the international community agaist the Russian Federation and Belarus of economic sanctions, of financial restrictions and restrictions regarding the economic relations. Due to the evolution of the conflict between Russia and Ukraine, Altur SA had a drop in the volume of the production activity due to the lack of orders coming from foreign clients (ZF Braking Systems Poland Sp. Z o.o., ZF Automotive Czech s.r.o) which reduced their production activity, by cancelling the acquisition orders’ the quoted press release says.Altur S.A. is a public limited company whose object is the manufacture of aluminum alloy castings and car pistons for motor vehicles, tractors, trucks, manufacture of aluminum castings for the electrical engineering industry.
The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]
Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners' alleged ties with the Social Democratic Party […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
