The Competition Council announced on Friday that it analyzes the transaction by which Italians from AFV Acciaierie Beltrame SpA intend to take over the stock belonging to COS Targoviste which is now in judicial reorganization. Functional stock that is part of the transaction includes real estate assets, equipment needed for the production activity, and other activities. COS Targoviste is the only manufacturer of concrete steel in Romania. The company was in the portfolio of the Russian group Mechel and is now controlled by Mazur Investments Ltd, an offshore from Cyprus with over 86% of shares. Beltrame Group, a company activating in the steel industry, with branches in Italy, France, Germany, Romania and South America, a European leader in the manufacture of commercial laminated bars and profiles, offered 38.3 million euros for COS Targoviste shares. COS Targoviste is now in judicial reorganization procedure, production activities stopping in 2019. In Romania, AFV Group Beltrame acts by means of Donolams, which own and operates the production unit. The group also includes Beltrame, a newly setup company.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
