Nawaf Salameh, Founder of Alexandrion Group, dies at 59

Business Forum
Nawaf Salameh, the Founder and President of Alexandrion Group, which specializes in spirits and wine production, died on Sunday at 59 years old, his family said in a statement.

Born in Marmarita, Syria, in 1965, Salameh moved to Romania in the 1980s, initially pursuing medical studies, while setting up his first company five years after the fall of communism.

"In 1994, I laid the foundations of a business with the enthusiasm, energy, and vision of a young entrepreneur at the beginning of his journey, who wanted to conquer the world," Salameh said, according to a 2022 press release.

Three years ago, Alexandrion Group was reconfigured as a family office led by Salameh, with two of his three sons appointed as Vice Presidents.

The group records a consolidated turnover of over €200 million and has a global presence through a network of hubs.

The group's shared services are coordinated by the family office. These include finance and control, IT and digital transformation, supply chain, legal, compliance and regulatory, marketing and branding, international corporate affairs, HR, and trade marketing. The family office also manages the group's operations in distilleries and factories, distribution and trading, hotels and stores, energy, and real estate.

Salameh is survived by his wife and three sons.

RECOMMENDED FROM THE HOME PAGE
Bucharest yields remain well above Western European levels
Real estate

Bucharest yields remain well above Western European levels

Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.

Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.