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.
Marriott International announced plans to expand its presence in Romania with five new hotels and more than 550 additional rooms expected by the end of 2028. The expansion will also mark the debut of two Marriott brands in the country, Residence Inn by Marriott and Four Points by Sheraton, as the company strengthens its portfolio […]
Romania's state-controlled hydropower group Hidroelectrica (BVB: H2O), the largest energy producer in the country, registered a net profit decrease of 56% in the first quarter, dropping from RON 1.32 billion (EUR 258.5 million) to RON 589 million (EUR 115.3 million). Net electricity production was 2,654 GWh, down 38% compared to the same period last year, […]
Timișoara will host the first football-themed film festival in Romania and Eastern Europe this November, marking a unique cultural initiative at the intersection of sport, cinema, and community identity, Agerpres reported. Organized by the Druckeria Supporters’ Association, the inaugural edition of the Timișoara...
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
