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.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
