Automotive
IAR Brasov 9-Month Turnover Up 30%, Profit Down 31%
Romanian state-run aircraft repair and maintenance company IAR Ghimbav (IARV.RO) reported a turnover of RON79.3 million in January-September 2016, up 30% against the same period a year ago,...
Continental Anvelope Timisoara Supplied Over 600,000 Tires To General Motors In 2015
Tire manufacturer Continental produced and supplied in 2015 more than 600,000 tires for General Motors Europe, which came from its factory in Romanian western city of Timisoara.
New Kopel Group Invested EUR10M In Vehicles And Special Projects In Jan-Sept 2016
New Kopel Group, the first operating leasing company in Romania, invested EUR10 million in vehicles and special projects in the first nine months of 2016, during which time its turnover rose...
Suzuki Sales In Romania Up 116% In First Nine Months, To 1,392 Units
Rising sales of the Suzuki Vitara car model, as well as the over 150 orders for the new SX4 car model only one month after its official launch in Romania, triggered a 116% increase in regist...
U.S. Group Greenbrier And Astra Rail Management Merge In EUR60M Transaction
American group Greenbrier and Astra Rail Management, which owns train wagon factories in Arad, Caracal and Turnu Severin, will form a new company within a transaction whose final value reach...
Henri Coanda, Among European Airports With Highest Air Traffic Growths In August
Henri Coanda International Airport in Bucharest (AIHCB) registered, in August 2016, one of the biggest increases in passenger traffic among European airports, boasting a 17% growth which pla...
Michael Schmidt Plans Hotel Investment, Expansion To Volume Brands
Michael Schmidt, the businessman behind the Automobile Bavaria group wants to add a new line of business and invest in a national hotel chain, as well as enter the volume auto market by addi...
Dacia: Highways Not Just For Us, They’re For All Romanians
The Romanian economy cannot become more competitive without investment in infrastructure and all the projects discussed, including the Pitesti-Sibiu highway, are not just for Dacia, but for...
Mazda 9-Mo Sales In Romania Up 54% To 1,221 Units
Sales of Japanese automaker Mazda on the Romanian market surged 54% on the year in the first nine months of 2016, to 1,221 units sold, while the market share stood at 2.4%, the company said...