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 Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
