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.
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
Global Vision is proud to announce the signing of a long-term lease agreement with Diehl Aviation, a leading global partner in the aviation industry. As the appointed development partner, the company has been entrusted with the construction of Diehl Aviation’s new production facility in Craiova. The groundbreaking ceremony was held today, July 30, and was […]
Climate Change Summit, the largest event in Central and Eastern Europe dedicated to climate solutions, returns in 2025 with its fourth edition in an expanded format. The event will take place from October 20 to 25, at the Palace of the Parliament and in venues across Bucharest and Romania, as well as various locations throughout […]
Electronics and IT discounter Flanco will open additional stores in Timișoara, Pitești, and Constanța, as part of its planned expansion in the country. The new commercial spaces are completely new stores, ranging in size from large to medium. In Pitești and Timișoara, the retailer will open new stores on July 31 - the fifth in […]
PORR, the Austrian construction and infrastructure company, has been selected as the civil and electrical (BOP) partner The 42 6.4 MW turbines, the largest power output of any in Romania, will once again be supplied by Vestas Phase 2 construction is scheduled to begin in the autumn Rezolv Energy, backed by growth market sustainable infrastructure investor […]
