Automotive
Automotive Component Plants Show First Signs of Weakness: Layoffs and Fewer People Hired
The difficult situation of the major automakers in Germany, the main customers of the automotive component plants in Romania is making an impact on the automotive component industry: SEWS (w...
Eurostat: Number Of Air Passengers Carried In 2017 Grew 18% In Romania
The number of air passengers carried in 2017 grew by 18% in Romania, placing the country third in Europe, according to data provided by Eurostat, the statistical office of the European Union...
Supermarkets and Apartments Replace Car Showrooms in Prime Locations in Bucharest
Car showrooms used to be located in areas rather far from the city center or in the outskirts 15 to 20 years ago, but the expansion of Bucharest has led to them being surrounded by new retai...
New Subway Station Planned In Southern Bucharest
The Bucharest Sector 4 Town Hall and subway company Metrorex signed a protocol agreement on Tuesday regarding the construction of a new aboveground subway station in southern Bucharest, near...
Dacia Output Grows 7.7% To 280,973 Vehicles In First 10 Months Of 2018
Romanian Automobile Dacia, owned by France's Renault, made 280,973 vehicles at the plant in Mioveni in January-October 2018, 7.7% more than 260,698 units made in the year-earlier period, acc...
Antitrust Body Fines Insurers Association, Nine Insurance Companies EUR53M
Romania's antitrust body has fined nine insurance companies and the local association of insurance companies UNSAR a total of RON246.7 million (EUR53 million) for breaking national and Europ...
Ford Romania About To Enter Top Five Largest Companies In Romania
Ford Romania’s revenue doubled to almost EUR1.2 billion in the first half and is headed towards at least EUR2.3 billion by yearend, following a significant rise in production.
Electric Car Sales Up 150% in Jan-Oct
Sales of electric cars (fully electric and plug-in hybrids) went up 150% in the first ten months of 2018 compared with the year-ago period to 740 units, and a market share of 2.7%, according...
VIG Posts EUR72.2M Loss in Romania in Jan-Sept
Austria's Vienna Insurance Group (VIG), which controls companies Omniasig, Asirom and life insurer BCR Asigurari de Viata in Romania, on Wednesday posted a pre-tax loss of EUR72.2 million fo...