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.
Former tourism minister Elena Udrea is to be released on parole from Târgșor Prison on Thursday, July 17, following a final decision issued by the Prahova Tribunal. The court rejected an appeal filed by the anti-corruption prosecutors (DNA Ploiești), who had challenged a previous ruling by the Ploiești Court approving Udrea’s conditional release,
The George Enescu International Festival returns to Sibiu from September 2 to 21 with a lineup featuring Grammy-winning artists and top orchestras. Under the theme “Anniversaries,” the event marks 70 years since the death of George Enescu and celebrates milestones in the history of composers and ensembles that have shaped musical modernism. Sibiu will host […]
City Grill Group, the leading Romanian player in the hospitality industry, is launching “Mixtură de Lăutărie,” an original musical concept that brings to its restaurants a sound experience unlike anything seen before in HoReCa: live music based on traditional Romanian melodies, reinterpreted and mixed in real time by a DJ. The format has been created […]
More than two-thirds (68.6%) of Romanians living abroad do not have any form of insurance in Romania, not even the mandatory home insurance, according to a nationwide online survey initiated by Allianz-Țiriac. From among those who left the country, a quarter say they own a house or apartment in the country, and approximately 13% still […]
Arizona will become the first US state to open an economic representative office in Romania, following a decision by the state legislature to allocate USD 125,000 in its fiscal year 2026 budget for the establishment of the office in Bucharest. The new office will support trade and economic cooperation and will also cover Eastern Europe […]
Etihad Airways, the national airline of the United Arab Emirates, is opening 7 new routes, including one from Bucharest. The new flights will directly connect the Romanian capital with Abu Dhabi, starting from March 16, 2026, with flights set to take place four times per week. In addition to Bucharest, the airline is introducing flights […]
