Automotive
Renault Group Starts Construction Of Its Future Bucharest Headquarters
Renault Group, which reported a cumulated turnover of EUR5.1 billion in 2016, has started the construction of its future headquarters, Renault Bucharest Connected, which stretches onto a sur...
Romania Assembled About 900,000 Bicycles In 2016
Romania assembled about 900,000 bicycles last year, about as many as in 2015, but twice as many as in 2008-2009, which puts the country on the sixth place among bicycle manufacturers in the...
Romanian Road Authority Gets 12 Bids for Bucharest Ring-Road
Romania's road infrastructure authority received 12 bids for works on an 11.5 km section of the ring-road surrounding capital Bucharest.
Bucharest Public Transport Company, One Of Most Inefficient State-Run Organizations In Romania
Bucharest has the worst public transportation system of all European capitals, even though its budget is EUR2 billion a year.
Urgent Cargus Gets RON134M Syndicated Loan From BCR And OTP Bank
Parcel delivery firm Urgent Cargus has received a club deal-type syndicated loan of RON134 million from lenders BCR and OTP Bank Romania, which will be used for its development, Banca Comerc...
Tarom General Manager Resigns Amid Accusations Of Mismanagement
The general manager of state-run airline Tarom, Eugen Davidoiu, has submitted his resignation Monday morning after Prime Minister Mihai Tudose blasted his mismanagement at the latest governm...
Auto Liability Insurance And Uncertain EU Legislation Halt New Truck Purchases
Sales of heavy trucks dropped 21% in the first seven months of this year and reached 4,064 units, according to the data of the Automotive Manufacturers and Importers Association (APIA).
APIA: New Car Sales In Romania Up 12.5% In January-July 2017
Total car sales (vehicles and commercial vehicles) in Romania rose 12.5% on the year in January-July 2017, according to statistics released on Monday by the Romanian Automotive Manufacturers...
Top Three Bicycle Makers In Romania Headed Towards RON800M Revenue
The cumulated revenue of the three largest bicycle and two-wheeler part manufacturers in Romania stood at almost 800 million lei (EUR175 million) last year. The revenue of each of them incre...