Prime Minister hailed on Friday the takeover by the Liberty House Group of the Steel Mill of Galati and voiced the Government’s openness and support for expanding its investments in Romania. According to a release of the Executive, the Prime Minister and Deputy Prime Minister Viorel Stefan met on Friday, at the Government headquarters, with a delegation of the Liberty House Group, headed by Executive Chairman Sanjeev Gupta, as well as representatives of the ArcelorMittal Galati. The PM pointed out the investment opportunities, especially in respect to the public-private partnership, as well as the measures that the Government took in view of ensuring a favorable climate to the business milieu, the quoted source mentions. “Your investment is very important for us because its success also represents a success for our country. I hope that, in the next period, you strengthen you investment in our country and focus on research and innovation. Romania is a country with economic growth of 7 percent and this year we adopted several business-friendly normative acts,” Viorica Dancila stated. In his turn, Sanjeev Gupta laid out the investment projects of the Liberty House Group at the Steel Mill of Galati, both in view of increasing steel production and in view of the human resources, taking into account the specificity of the city. The Executive Chairman of the Liberty House Group stated that the steel mill has a large infrastructure and with a good investment strategy, it can become a successful business in the region. He expressed the company’s wish to increase the steel production to two million tones per year and the intention to invest 300 million euro in view of restarting another furnace. He also mentioned the desire to invest in education, sports and arts. He highlighted the necessity to improve transport infrastructure, especially in the Danube ports area, as well as the railway system. The two parties agreed to collaborate in view of attracting European funds, especially on innovative segments or in reducing greenhouse gas emissions, the press release said. The Liberty House Group is a metallurgical company founded in the UK in 1992, having its headquarters in London, with subsidiaries in Dubai, Singapore and Hong Kong. The group has approximately 19,000 employees worldwide and trade relations with 35 countries.
The post PM Dancila meets representatives of Liberty House Group, voices Gov’t’s openness for Group to expand investments in Romania appeared first on Nine O' Clock.
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
