Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Board of Directors of Altur Slatina approve opening...

Board of Directors of Altur Slatina approve opening of general insolvency procedure

January 5, 2023

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. 

Read in full - click here
Romanian state-owned gas producer Romgaz sues European Commission over CO2 storage quotas

Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate.  It is the first time that Romgaz has initiated a direct action against […]

Bucharest residents invited to donate clothes, food to families affected by residential building explosion

Bucharest residents can donate clothes in good condition, non-perishable food, and toys for the families affected by the explosion that left 3 dead and many others injured, and nearly collapsed the apartment building in District 5 on Friday, October 17.  "Following the devastating explosion in District 5, entire families have been left without housing, and […]

Romanian SMR project developer announces contract with global nuclear software leader

RoPower Nuclear, the developer of the SMR (small modular reactor) project in Doiceşti, Romania, announced the signing of a contract with Studsvik Scandpower, one of the global leaders in software dedicated to nuclear fuel analysis, on Friday, October 17.  The president of the Swedish group emphasized that Romania is setting an important precedent for the […]

Energy regulator probes gas company response following deadly explosion at Bucharest apartment building

Energy regulator ANRE has launched an investigation into whether the gas distributor followed proper safety procedures before the powerful explosion that killed three people and injured others at an apartment building in Bucharest’s Rahova district on Friday morning, October 17. According to

Microsoft: Romania ranks 52nd globally in terms of impact of cyberattacks in the first half of 2025

In the first half of 2025, Romania ranked 52nd worldwide among the countries most frequently affected by cyber activities, according to the new Microsoft Digital Defense Report.  The sixth annual report, covering trends from July 2024 to June 2025, emphasizes that traditional security measures are no longer sufficient. Modern defenses and strong collaboration between industries […]

Romania’s Via Transilvanica among winners of 2025 Europe Responsible Tourism Awards

Via Transilvanica, the long-distance trail that traverses Romania’s cultural, historical, and natural landscapes, has been awarded silver in the “Peace, understanding and inclusion” category at the 2025 Europe Responsible Tourism Awards. The initiative is organized by the International Centre for Responsible Tourism Global (ICRT Global). The award ceremony took place at the Press Club Brussels […]