The ArcelorMittal steel plant in Hunedoara will resume its activity starting from November 1, and the approximately 470 employees have been called back to work, announced the president of the „Siderurgistul” Union, Mircea Bordean. The resumption of activity will be possible through the supply of steel from Ukraine, from the Krivoi Rog plant, which belongs to the same ArcelorMittal group. "The plant will restart after November 1, and the raw material comes from Ukraine. There, they will produce steel blooms for Hunedoara, which will produce long products," explained Bordean to Agerpres. The union leader specified that until November 1, employees are on temporary unemployment and will receive 75% of their salary. Additionally, the voluntary departure scheme, to which about ten employees had applied, has been suspended. "The steelworkers will perform maintenance and security tasks, and some will work in the rolling mill. Depending on demand and market conditions - energy prices, taxes - there might be campaigns of one to two weeks," added Mircea Bordean. The ArcelorMittal management announced on September 12 the definitive cessation of production in Hunedoara, citing high electricity costs and competition from products outside the European Union. This decision was followed, on September 23, by a spontaneous protest by employees in front of Electric Steelworks 2. Following the tensions, local authorities and parliamentarians from Hunedoara requested the Government to declassify the privatization contract between ArcelorMittal and the former company Siderurgica SA Hunedoara, a document that could clarify the investor's obligations regarding the maintenance of the plant's activity.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
