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.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
