In a strategic move to enhance operational performance and production capabilities, LIBERTY Galati, Romania’s largest steel producer, has announced major changes to its executive leadership team. This includes the appointment of a new Board Member, an interim General Manager, and the launch of a recruitment process for a permanent General Manager. Leadership Changes at LIBERTY Galati Radu Ionescu steps down as General Manager of LIBERTY Galati and Tubular but will remain as a trusted adviser and business partner. Ajay Aggarwal, Chairman of the Board, returns as interim General Manager. With over 35 years of international experience in finance, trading, and M&A, Aggarwal previously led the company to record-breaking performance in 2021 with 2.35 million tonnes of production and RON 9.37 billion in turnover. He will guide the team in reinforcing LIBERTY Galati’s strategic role in Romania’s economy. New Board Appointment Oana Petrescu joins the Board as a key member instrumental in formulating the company’s restructuring plan. With three decades of experience in financial and business turnaround, including leadership roles at Arthur Andersen, Ernst & Young, Deloitte, and BCR, she is currently Restructuring Partner at EuroInsol. Strengthening the Romanian Leadership Team Cornel Moisescu is promoted to Head of Production, overseeing upstream and downstream operations, including all rolling mills and coating lines. Aida Nechifor is appointed Head of Finance. With over 20 years at Galati, she previously held key leadership roles including CFO and General Manager. She currently serves as President of UniRomSider. The company has initiated an executive search process, in collaboration with a global recruitment firm, to identify a permanent General Manager and strengthen leadership in critical areas.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
