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Beltrame Group invests €300 million euros in rebar and wire rod factory in Romania

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After a comprehensive feasibility study, AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, will invest €300 million to build an eco-friendly rebar and wire rod factory in Romania that will include a greenfield steel and rolling mill and a 100mw PV park. This will be the first steel mill green field project in Europe in decades and will create a new benchmark for the steel industry in reducing pollutant emissions. Currently, the company is considering several locations for the development of the production unit.

The eco-friendly factory will be the lowest emissions steel plant in the world, both in terms of greenhouse gases and suspended dust particles. Also, water consumption will be minimal (by treatment and recirculation), ensuring the highest level of circular economy. The new and innovative technology, developed in the last two years has the potential to place Romania at the forefront of innovation in the steel industry.

The plant will have a production capacity of approximately 600,000 tons / year. The investment of Beltrame Group will generate approximately 250 new direct jobs locally, but also to almost 1,000 indirect jobs, of which at least 800 in the construction phase and about 150 in the production phase.

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“The challenge of the steel industry is to align with the environmental objectives set by the EU Green Deal, although the zero-emission or ‘green steel’ target is impossible to be achieved with existing technology. I think today the greenwashing is very common with the simple result of inflating the word "green" and or zero-emission. The project developed by Beltrame Group will establish unprecedented progress in the steel industry due to the design and innovative technologies, which make it possible to minimize pollutant emissions generated in the production activity. It is a project in which I invested a lot of work, time and dedication, and through this investment, the group shows its commitment to achieving environmental goals and harnessing local resources," said Carlo Beltrame, Country Manager AFV Beltrame in France and Romania, Group Business Development.

In the construction sector, the internal use of rebar and wire rod amounts to about 1.4 - 1.5 million tonnes per year. This is expected to increase over the next 10 years at least, mainly due to governmental investments in public infrastructure, but also due to private investments. At the moment, Romania imports almost entirely the necessary amount of rebar.

The internal production of rebar and wire rod could become a pillar for the Romanian economy, because it avoids export of scrap and import of finish product. This has the potential to improve the Romanian trade balance and will also contribute to a substantial reduction of scope 3 emission, generated indirectly by logistics activities, such as the transportation of raw materials and products, waste disposal etc.

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In Romania Beltrame Group owns the steel plant Donalam, specialized in the production of hot rolled steel bars and special steels, with uses in various industries, from oil and gas, automotive, large mechanical and hydraulic equipment, to agricultural machinery and equipment. The company has over 270 employees and annually exports around 180,000 tons of products to the European market. For this year, Donalam estimates a turnover of over 130 million euro, with a more than double increase compared to last year.

About AFV Beltrame Group

Founded in 1896, AFV Beltrame Group is one of the largest producers of merchant bars and special steels in Europe. The group owns 6 factories in Italy, France, Switzerland and Romania, with a total of over 2,000 employees, over 2 million tons sold annually and commercial activities in over 40 countries.

In Romania, AFV Beltrame founded in 2006 Donalam Călărași which is currently one of the leading players in the hot rolled steel bars and special steels industry in Europe. The company has over 270 employees and sells about 120,000 tons of steel bars annually.

Business

The Master in Management programme of GSOM SPbU has listed among the top 25 of the leading FT Global Masters in Management 2021

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The Master in Management (MiM) program of the Graduate School of Management of St. Petersburg University (GSOM SPbU) was ranked 25th among the top 100 master's programmes in the world according to the Financial Times. GSOM SPbU continues to be the only Russian school represented in this ranking. 

In 2013, the Master in Management programme entered the Financial Times ranking with 65th place in the list of the best programs for the first time. Over the past eight years, the MiM program has managed to improve its position and rise in ranking 40 lines, thanks to the uniqueness of educational content and the support of alumni and corporate partners.

“The high position in the FT ranking of the Master in Management program is the result of the daily work of many departments, the support of partners and the contribution of each teacher working on the program. We, of course, rejoice at the new achieved result, which puts the program in a special place not only in the Russian business education market, but also in the world one. But for us, this is, first of all, an indicator that we are on the right track, which means that we should continue to work on constant improvement of the taught disciplines, student support, further development of the international environment, strengthening of cooperation with employers, including with companies that are GSOM Advisory Board members. I sincerely congratulate everyone who is involved in the creation and development of the program, and I congratulate students and alumni, and I hope that we will continue to work together, we will achieve new high results!” said Yulia Aray, associate professor, Department of Strategic and International Management, Academic Director of Master in Management programme.

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The academic partners of GSOM SPbU — Swiss University of St. Gallen and the Higher Commercial School of Paris took the first and second place in the Global Masters in Management 2021 ranking. Other academic partners of GSOM SPbU have taken the lines adjacent to the Business School in the ranking: School of Business, University of Mannheim (Germany) is on 24th position; Indian Institute of Management (Ahmedabad) is on the 26th line.

The Financial Times list includes 100 educational programs. The publication compiles a ranking based on an analysis of data received from business schools and anonymous comments by alumni. Only business schools with at least one of the international accreditations: AACSB and EQUIS can take part in the ranking. A total of 17 criteria are taken into account: the rate of salary growth over three years, career growth, support for a business school in career development, the percentage of alumni who got a job three months after graduation, the number of foreign teachers and others. And, of course, one of the main indicators is the average salary of alumni three years after graduation — at GSOM SPbU it is more than $ 70,000 a year.

The rankings of the international business newspaper Financial Times (FT) published in more than 20 countries. They are a generally accepted indicator of the quality of a business school or an individual program.

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GSOM SPbU is a leading Russian Business School. It was established in 1993 at St Petersburg University, which is one of the oldest classical universities, and the largest centre of science, education and culture in Russia. Today GSOM SPbU is the only Russian Business School that is included in the top-100 best European Schools in the Financial Times ranking and has two prestigious international accreditations: AMBA and EQUIS. The GSOM Advisory Board includes leaders from business, government and the international academic community.

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Data

Greater protection, innovation and growth in the UK’s data sector as announced by the UK's Digital Secretary

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The Information Commissioner’s Office (ICO) is set for an overhaul to drive greater innovation and growth in the UK’s data sector and better protect the public from major data threats, under planned reforms announced by the Digital Secretary Oliver Dowden

Bridget Treacy, partner (UK privacy and cybersecurity practice), Hunton Andrews Kurth, said: “The UK government has signalled an ambitious vision for reforming the UK’s data protection laws, simplifying the current regime, reducing red tape for business and encouraging data-led innovation. After careful analysis, the government believes it can significantly improve the UK’s data privacy regime and how it works in practice, while retaining high standards of protection for individuals. Far from attempting to replace the current regime, this looks like an attempt to fine tune it, making it better able to serve the needs of all stakeholders and a better fit for the digital age. 

“Taking a fresh look at international data flows is long overdue, and here it will be interesting to see how creative the UK government is prepared to be. Global data flows are an inevitable part of global commerce and the Covid-19 pandemic highlighted the need for global collaboration in research and innovation. The UK government wants to enable trusted and responsible data flows, without reducing protection for individuals, and without needless red tape. A more agile, flexible, risk-based and outcomes-driven approach for determining adequacy may improve data protection overall. But here the government will need to take particular care, assuming it wishes to retain the UK’s adequacy status in the EU.

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“It appears that even the Information Commissioner’s Office will be the subject of reform, with proposals to modernize the governance structure of the data protection regulator, set clear objectives and to ensure greater transparency and accountability. The ICO is a highly respected data protection regulator, offering much admired global leadership on difficult issues. Care will be needed to ensure the ICO’s much vaunted and highly valued independence are not compromised by the proposed reforms.

“Overall, this looks like a thoughtful attempt to improve the UK’s existing data protection regime, not through radical change, but by building on and fine tuning the existing framework to make it a better fit for our digital age. Organizations should welcome the opportunity to contribute to this consultation.”

Bojana Bellamy, president of Hunton Andrews Kurth’s Centre for Information Policy Leadership (CIPL), a pre-eminent global information policy think tank located in Washington, DC, London and Brussels said: “The UK government vision is a positive development and is much needed to address the opportunities and challenges of our digital age. The plans should be welcomed in both the U.K. and in the EU. This is not about lowering the level of data protection or getting rid of GDPR, it is about making the law actually work in practice, more effectively and in a way that creates benefits for all – organisations using data, individuals, regulators and the UK society and economy. Laws and regulatory practices need to evolve and be agile just like the technologies they are trying to regulate. Countries that create the flexible and innovative regulatory regimes will be better placed to respond to the Fourth Industrial Revolution we are witnessing today.

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“There is no doubt that some aspects of the GDPR do not work well, and some areas are unhelpfully obscure. For example, the rules for data use in scientific and industrial research and innovation are cumbersome to locate and analyse, hindering use and sharing of data for these beneficial purposes; it is difficult to use personal data for training AI algorithms to avoid bias; individuals’ consent to data processing has been rendered meaningless through over-use; and international data flows have become mired in red tape.

“The UK government’s bold vision to simplify the current data protection regime, reduce red tape, put more onus on organisations to manage and use data responsibly, and to reinforce the pivotal role of the UK privacy regulator is the right way forward. It achieves both effective protection for individuals and their data and enables data driven innovation, growth and societal benefits. Other governments and countries should follow the UK lead.

“It is high time to revamp the rules for international data flows and the UK Government is absolutely right to focus on enabling trusted and responsible data flows. Businesses in all sectors will welcome a more seamless regime for data transfers and adequacy decisions in respect of more countries. Corporate data privacy officers divert too much resource to addressing the legal technicalities of data flows from the EU, especially in the aftermath of the EU Schrems II judgement. Consumers and businesses would be better served by organisations focusing on privacy by design, risk impact assessments and building comprehensive privacy management programmes fit for the new digital economy. 

“It is encouraging that the government recognizes the UK Information Commissioner’s Office as a key digital regulator in the UK, with a critical remit of protecting both individuals’ information rights and enabling responsible data driven innovation and growth in the UK. The ICO has been a progressive regulator and influencer in the global regulatory community. The ICO must be given the resources and tools to be strategic, innovative, engaging early on with organisations using data and encouraging and rewarding best practices and accountability.”

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European Commission

Strengthened EU export control rules kick in

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The EU is strengthening its ability to respond to new security risks and emerging technologies. The new Export Control Regulation entered into force on 9 September and will tighten controls on trade in dual-use items – civilian goods and technologies with possible military or security use – while enhancing the EU's capacity to protect human rights and support secure supply chains for strategic items.

Executive Vice-President and Trade Commissioner Valdis Dombrovskis (pictured) said: “We need to better respond to emerging threats in an increasingly volatile world. That means getting a better grip on dual-use technologies, including cyber-surveillance technologies that can be misused for human rights violations. Thanks to these new EU rules, the EU countries will now also work even more closely amongst themselves and with allies on potential security risks arising from biotech, Artificial Intelligence and other emerging technologies. We will also team up to ensure a level playing field for companies, for example, in the context of the new EU-US Trade and Technology Council.” 

The new framework allows the EU to take a number of important actions to pool expertise and tackle particular challenges, notably in relation to cyber-surveillance – where due diligence guidelines are in preparation – but also emerging dual-use technologies such as advanced computing.

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The regulation introduces greater transparency by increasing the level of consultations and reporting between member states and the Commission, contributing to the development of a new EU electronic licensing platform already piloted in four EU member states.

It also provides a legal basis for EU action at multilateral, plurilateral and bilateral levels – recognising that the effectiveness of controls depends on the cooperation of the main technology producers – and builds on the existing multilateral framework of export controls, namely the Wassenaar Arrangement, which forms the basis for many restrictions imposed by the regulation at EU level.

Background

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The Commission adopted its legislative proposal to modernise EU controls on exports of sensitive dual-use items - goods and technology - in September 2016, to replace the Regulation from 2009. Such items have many civilian uses but can also be used for defence, intelligence and law enforcement purposes (nuclear and special materials, telecommunication, electronics and computers, space and aerospace, marine equipment, etc.), and may also be misused for human rights violations.  

The new Regulation includes many of the Commission proposals for a comprehensive ‘system upgrade', and will make the existing EU Export control system more effective by:

  • Introducing a novel ‘human security' dimension, so the EU can respond to the challenges posed by emerging dual-use technologies – especially, cyber-surveillance technologies – that pose a risk to national and international security; including protecting human rights;
  • updating key notions and definitions (e.g. definition of an ‘exporter' to apply to natural persons and researchers involved in dual-use technology transfers);
  • simplifying and harmonising licensing procedures and allowing the Commission to amend – by ‘simplified' procedure, i.e. delegated act – the list of items or destinations subject to specific forms of control, thereby making the export control system more agile and able to evolve and adjust to circumstances;
  • enhancing information exchange between licensing authorities and the Commission with a view to increasing the transparency of licensing decisions;
  • coordination of, and support for, robust enforcement of controls, including enhancing secure electronic information exchange between licensing and enforcement agencies;
  • developing an EU capacity-building and training programme for member states' licensing and enforcement authorities; 
  • outreach to industry and transparency with stakeholders, developing a structured relationship with the private sector through specific consultations of stakeholders by the relevant Commission group of member states' experts, and;
  • enabling stronger dialogues with third countries and seeking a level playing field at the global level.

More information

Export Control Regulation

Memo – Implementation of the Regulation

Dual-use trade controls 

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