Automotive
ProCredit Bank Romania Acquires 14 Electric Vehicles from Volkswagen
Lender ProCredit Bank Romania has acquired a fleet of 14 electric vehicles from Volkswagen, the carmaker said Tuesday.
Romanian Car Market Hits Decade High in Jan-July
Car sales in Romania grew 23.8% on the year in January-July, to 105,686 units, a record high of the past decade, data from the Automotive Manufacturers and Importers Association (APIA) showe...
Dacia Made over 6 Million Cars Since Its Launch 50 Years Ago
Romanian carmaker Dacia made over 6.5 million cars in its 50 years of existence, of which over 3.5 million after the launch of the Logan in 2004, the company said Monday.
Globalworth Takes Out EUR46M Loan From BCR For Construction Of Renault Romania’s New HQ
Real estate developer Globalworth has taken out a loan of EUR46 million from Banca Comerciala Romana (BCR), which will be used for the construction of the future headquarters of Groupe Renau...
Daimler Hires Andrei Frunza To Run Clever Taxi
Daimler, the German giant, which owns Romania-based Clever Taxi among others via one of its divisions, has recruited Andrei Frunza to be the CEO of the Romanian company, market sources say.
ACAROM: New Car Registrations In Romania Up 33% To 75,278 Units In January-July 2018
The number of new car registrations in Romania rose 33% on the year in the first seven months of 2018, to 75,278 units, according to data from the association of automotive manufacturers in...
Euroins Raises Share Capital By RON2.2M, to RON532M
Insurer Euroins, owned by Bulgarian group Eurohold, has raised its share capital by RON2.2 million, to a total RON532 million, the Romanian financial supervisory authority said Wednesday.
Turkey's Doğu Pres Invests EUR10M in Greenfield Project in Iasi, NE Romania
Turkish automotive industry supplier Doğu Pres will invest EUR10 million in a greenfield production unit in Iasi, northeastern Romania.
Romania’s Commercial Vehicle Market Up 7% To 12,572 Units In 1H/2018
Romania’s commercial vehicle market grew 7% in the first half of 2018, to 12,572 units, with light commercial vehicles holding the biggest share, with 8,642 units, data from the European Aut...