The Romanian aluminium producer from Slatina has reduced its carbon footprint below the European average, and the outlook is optimistic for it, especially in the context of new European regulations targeting imports of carbon-intensive goods, according to Alro representatives present at the Aluminium 2024 fair in Dusseldorf.The Aluminium 2024 event, which took place in Dusseldorf, Germany, October 8-10, brought together 819 exhibitors and partners from 50 countries, aluminium producers and processors as well as recycling experts, including Alro, one of the largest vertically integrated aluminium producers in Europe by production capacity.After participating at the fair in Dusseldorf, one of the representatives of the aluminium producing company from Slatina, Vimetco Trading general manager Florin Verboncu, showed that the trend of customers is to turn more towards European aluminium producers in the context that the Carbon Border Adjustment Mechanism (CBAM) will become mandatory as of 2026."Demand is going well. The trend is that next year customers, who until now were buying from exotic sources, Malaysia, India, the Middle East, are moving even closer to European producers. Why? First of all, they are afraid of CBAM (Carbon Border Adjustment Mechanism), a mechanism that will be mandatory for implementation from January 1, 2026, and taxes will be paid. We have already started discussions with clients in the early stages of the project. Basically, it is a protectionist measure in the sense that it will somehow restrict the European import market from imports from cheap and polluting areas," said the representative of the Romanian aluminium producer.Verboncu points out that Alro has a lower carbon footprint than the European average and this can be further reduced by increasing the amount of waste processed.
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
