The Board of Directors of Altur SA Slatina approved on Tuesday the opening of the general insolvency procedure according to the provisions of Law 85/2014, according to a report submitted to the Bucharest Stock Exchange (BVB)."The Board of Directors of Altur SA Slatina (...) informs the shareholders and investors that it has approved the opening of the general insolvency procedure according to the provisions of Law 85/2014 on insolvency prevention and insolvency procedures, as well as the filing of the request for opening at the Olt Court of the insolvency procedure together with the declaration regarding the intention to reorganize the activity of Altur SA based on a Reorganization Plan, in accordance with the provisions of Law 85/2014", reads the document sent to BVB by the president of the Board of Directors, Rizea Gheorghe Nitu.Altur recorded a net profit of 3.25 million RON in the first nine months of 2022, compared to losses of 3.4 million RON in the same period of 2021, according to the quarterly report published by BVB.The turnover increased by more than 50% compared to that from January to September 2021, to 103.87 million RON.Through the products it makes, Altur Slatina is an important supplier for several industrial sectors, the most important of which are: the city and off-road car industry; tractor and agricultural machinery industry; the industry of vehicles for transporting goods and passengers; electrotechnical industry and natural gas heating systems.Among the company's clients are Automobile Dacia-Renault (for parts for first assembly on cars and spare parts), Total Gaz Iasi (pressure-cast parts from aluminum alloys for gas distribution systems), Hesper Bucharest (elements for hydraulic pumps of high pressure), Anorom Deva (cast parts under pressure for airport lighting installations), etc.Altur has been listed on the BVB since December 2004.
Romania was formally designated the 43rd country to join the US Visa Waiver Program (VWP) on Friday, January 10. According to the Romanian ambassador to Washington, Andrei Muraru, Romanian citizens will be able to travel to the US without the need for a visa starting March 31, 2025. "Romania becomes the first country in the […]
Cluj-Napoca, the city in Romania with some of the highest rents and a fast-growing IT industry, is closer to banning smoking in playgrounds and parks after mayor Emil Boc expressed his support for the measure. The mayor cited the prioritization of public health as the reason behind such a ban. He mentioned that he has […]
Romania's Sibiu County Emergency Clinical Hospital will receive a robotic system to prepare cytostatic drugs needed by cancer patients, along with other equipment, after the County Council obtained funds from the European Regional Development Fund. With an estimated value of EUR 1 million, the "Robotic Composition System for Sterile Preparations of Cytostatic Drugs" is among […]
Romania’s government adopted in its January 10 meeting a decision granting an extra day off to public sector employees at the beginning of May. Thus, Friday, May 2, will be an official day off for public sector workers, linking the legal holiday of May 1 (Labor Day) with the weekend (May 3-4). This...
The Ministry of Environment announced that 2024 was the hottest year in the history of Romania's meteorological records. Red alerts for heat waves began in June of 2024, with the longest consecutive periods of persistent and intense heat waves, six consecutive days, between July 13-18 and August 15-20. "The year 2024 is the hottest year...
Supporters of former presidential candidate Călin Georgescu gathered outside the Parliament Palace in Bucharest, which houses the Constitutional Court, on January 10, demanding a rerun of the second round of the presidential elections. The protest, dubbed "The Great Judicial Union," was initiated by Georgescu, who called on his supporters to challenge the election annulment, as […]
