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Galati's Gambit: Romania's Sole Steel Sanctuary Secures Survival

Romania's Liberty Galati steelworks won crucial court approval for debt restructuring despite fierce government opposition over 1.4 billion lei in unpaid taxes. The August 1 ruling enables the country's only flat steel producer to pursue financial recovery, though 4,000 workers remain unpaid & operations stay suspended. Romania's tax authority ANAF plans appeals, creating ongoing uncertainty for this strategically vital facility.

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