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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. 

 

RO subsidiary of Liberty Steel keeps expansion plans despite parent group’s troubles

Liberty Galati, the Romanian subsidiary of the troubled global Liberty Steel group, remains profitable and has not renounced expansion plans despite the financing problems faced by the parent group GFG Alliance, Ziarul Financiar reported.

All the investment plans at the Galati plant remain standing, and the group's current situation will not affect the activity at Liberty Galati, assured Ajay Aggarwal, member of the board of directors of the Liberty Galati plant and executive director of for operations in Central and Southern Europe GFG, the main shareholder.

In June 2020, GFG Alliance announced a EUR 1.2 bln investment plan at the Romanian plant to make it carbon-neutral within five years.

British group GFG Alliance, controlled by Sanjeev Gupta, took over the Romanian still mill from ArcelorMittal in 2018 in an international deal that also included other production assets. GFG Alliance now faces financing problems after Greensill, its main financier, went into insolvency.

(Photo courtesy of the company)

andrei@romania-insider.com

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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. 

 

RO subsidiary of Liberty Steel keeps expansion plans despite parent group’s troubles

Liberty Galati, the Romanian subsidiary of the troubled global Liberty Steel group, remains profitable and has not renounced expansion plans despite the financing problems faced by the parent group GFG Alliance, Ziarul Financiar reported.

All the investment plans at the Galati plant remain standing, and the group's current situation will not affect the activity at Liberty Galati, assured Ajay Aggarwal, member of the board of directors of the Liberty Galati plant and executive director of for operations in Central and Southern Europe GFG, the main shareholder.

In June 2020, GFG Alliance announced a EUR 1.2 bln investment plan at the Romanian plant to make it carbon-neutral within five years.

British group GFG Alliance, controlled by Sanjeev Gupta, took over the Romanian still mill from ArcelorMittal in 2018 in an international deal that also included other production assets. GFG Alliance now faces financing problems after Greensill, its main financier, went into insolvency.

(Photo courtesy of the company)

andrei@romania-insider.com

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