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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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RO aluminium producer Alro borrows EUR 32 mln working capital from EximBank

Alro Slatina, the only producer of aluminium and aluminium alloys in Romania and one of the largest vertically integrated aluminium producers in Europe, according to production capacity, has contracted a RON 167 mln (EUR 32 mln) financing facility from state-owned EximBank.

The funds will be used as working capital and were granted with a state guarantee issued within the Covid-19 state aid scheme, dedicated to large companies, according to a statement issued by Eximbank, News.ro reported.

"Through this facility, we provide one of the most important companies in Romania and Europe with the necessary funds to carry out the current activity in optimal conditions," said Traian Halalai, Executive President of EximBank.

Alro is one of the largest vertically integrated companies in Europe that produces aluminium, with an annual installed production capacity of 265,000 tons of electrolytic aluminium, 35,000 tons of recycled aluminium and 335,000 tons of cast aluminium.

The company exports its products to more than 50 countries worldwide, holding several certifications for the aerospace and automotive industries, as well as the primary aluminium quality standards of the London Metal Exchange, and international standards for flat-rolled products.

The capitalization of Alro Slatina reached RON 1.93 bln (EUR 400 mln), and the price of its shares has increased by 20.9% since the beginning of 2021.

andrei@romania-insider.com

(Photo source: Eximbank.ro)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

RO aluminium producer Alro borrows EUR 32 mln working capital from EximBank

Alro Slatina, the only producer of aluminium and aluminium alloys in Romania and one of the largest vertically integrated aluminium producers in Europe, according to production capacity, has contracted a RON 167 mln (EUR 32 mln) financing facility from state-owned EximBank.

The funds will be used as working capital and were granted with a state guarantee issued within the Covid-19 state aid scheme, dedicated to large companies, according to a statement issued by Eximbank, News.ro reported.

"Through this facility, we provide one of the most important companies in Romania and Europe with the necessary funds to carry out the current activity in optimal conditions," said Traian Halalai, Executive President of EximBank.

Alro is one of the largest vertically integrated companies in Europe that produces aluminium, with an annual installed production capacity of 265,000 tons of electrolytic aluminium, 35,000 tons of recycled aluminium and 335,000 tons of cast aluminium.

The company exports its products to more than 50 countries worldwide, holding several certifications for the aerospace and automotive industries, as well as the primary aluminium quality standards of the London Metal Exchange, and international standards for flat-rolled products.

The capitalization of Alro Slatina reached RON 1.93 bln (EUR 400 mln), and the price of its shares has increased by 20.9% since the beginning of 2021.

andrei@romania-insider.com

(Photo source: Eximbank.ro)

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