The Board of Directors of Altur SA Slatina approved on Tuesday the opening of the general insolvency procedure according to the provisions of Law 85/2014, according to a report submitted to the Bucharest Stock Exchange (BVB)."The Board of Directors of Altur SA Slatina (...) informs the shareholders and investors that it has approved the opening of the general insolvency procedure according to the provisions of Law 85/2014 on insolvency prevention and insolvency procedures, as well as the filing of the request for opening at the Olt Court of the insolvency procedure together with the declaration regarding the intention to reorganize the activity of Altur SA based on a Reorganization Plan, in accordance with the provisions of Law 85/2014", reads the document sent to BVB by the president of the Board of Directors, Rizea Gheorghe Nitu.Altur recorded a net profit of 3.25 million RON in the first nine months of 2022, compared to losses of 3.4 million RON in the same period of 2021, according to the quarterly report published by BVB.The turnover increased by more than 50% compared to that from January to September 2021, to 103.87 million RON.Through the products it makes, Altur Slatina is an important supplier for several industrial sectors, the most important of which are: the city and off-road car industry; tractor and agricultural machinery industry; the industry of vehicles for transporting goods and passengers; electrotechnical industry and natural gas heating systems.Among the company's clients are Automobile Dacia-Renault (for parts for first assembly on cars and spare parts), Total Gaz Iasi (pressure-cast parts from aluminum alloys for gas distribution systems), Hesper Bucharest (elements for hydraulic pumps of high pressure), Anorom Deva (cast parts under pressure for airport lighting installations), etc.Altur has been listed on the BVB since December 2004.
Schrack Technik Romania, a subsidiary of the Austrian group Schrack Technik GmbH, a manufacturer and distributor of electrical installations and equipment, has finalized a EUR 15 million logistics center in Domnești, near Bucharest. The center has an area of 3,500 sqm of offices + 5,500 sqm, a storage capacity of 5,000 pallets, a stock of […]
President Nicușor Dan will meet the parliamentary parties on Thursday, June 19, for consultations on nominating the next PM, the Presidential Administration announced. The Social Democratic Party (PSD), the National Liberal Party (PNL), the Save Romania Union (USR), and the Democratic Alliance of Hungarians in Romania (UDMR) have been negotiating a governing program and the […]
President Nicușor Dan will meet the parliamentary parties on Thursday, June 19, for consultations on nominating the next PM, the Presidential Administration announced. The Social Democratic Party (PSD), the National Liberal Party (PNL), the Save Romania Union (USR), and the Democratic Alliance of Hungarians in Romania (UDMR) have been negotiating a governing program and the […]
Two young Romanian energy specialists, one from Transelectrica, the operator of the national power system, and the other from the National Energy Regulatory Authority, were designated as members of the continental expert commission investigating the causes of the historic total blackout that affected Spain and Portugal. The blackout took place on April 28, 2025 and […]
More than 70% of Romanians would support an increase in defense spending so that Romania can defend its sovereignty in the event of military aggression, an INSCOP survey conducted between May 26-30 showed. Given the recent discussions on how Europe should reduce its military dependence on the US and NATO by increasing...
On Sunday, June 15, the 'Carol I' Central University Library (BCU) hosted an event in its unconventional creative space, launching a new platform for reflection on the kind of social contract humanity might need in the digital age — a 'Magna Carta AI.' The event was dedicated to exploring key principles that could guide the […]
