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.
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
Romania’s headline inflation remained steady at just under 4.9% y/y in April, in line with consensus expectations, as the average prices increased by a mere 0.07% in the month, according to the data published by the statistics office INS on May 13. Core inflation remained at 5.3% y/y as well. The National Bank of Romania […]
