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.
Liberty Galați, the largest integrated steel producer in Romania, has appointed Cornel Moisescu as Head of Primary for Liberty Galați, part of its strategy to restart production operations and "ensure steel for the strategic economic sectors of Romania, including defense, shipbuilding, construction, and infrastructure," it said. Cornel Moisescu will coordinate the Sinter Plant, Blast Furnace, […]
The United States Immigration Service and the Romanian Ministry of Internal Affairs announced the establishment of a Transnational Criminal Investigative Unit, as agreed upon since 2023. "Romania and the United States of America continue to strengthen their strategic partnership in the field of national security, with a focus on combating cross-border crime. For this purpose, […]
The American group Greenbrier is closing its factory in Arad, which employs nearly 800 people. The group operates three factories in Romania, including Astra Rail Industries in Arad, a railcar manufacturer. The decision comes after "difficult and accelerated challenges on the local market,” first made explicit last year, when employees protested. The American company now […]
RPIA – the Romanian Photovoltaic Industry Association – is pleased to announce the organization of the EPC Masterclass: Business Growth & Innovation in Renewable Energy Projects, a workshop dedicated to the EPC sector, taking place as part of Green Energy Expo & Romenvirotec (April 9–11) at Romexpo, Bucharest. The event will be held on April […]
The NATO exercise “Dacian Spring 25,” which was meant to simulate the defense of Romania, was postponed as the local authorities failed to modernize five roads along with two bridges and two culverts that were to be used during the exercise, Europa Libera reported. Dacian Spring 25 was meant to...
Paul-Philippe of Romania, sentenced to 3 years and 4 months in prison in Romania in the case regarding the illegal restitution of the Băneasa Farm, was placed under house arrest in Paris on Monday, April 7, following a European arrest warrant issued by the Romanian authorities. The Brașov Court of Appeal requested the SIRENE Bureau […]
