Automotive
Romania Loses Daimler’s EUR500M Engine Plant Investment To Poland
Daimler chose Poland over Romania for a new engine plant, a EUR500 million investment set to create 1,500 jobs. The announcement comes one week after the German group said it would make a EU...
Altur Slatina Expects Gross Profit Of RON1.2M In 2016
Romanian car parts maker Altur Slatina (ALT.RO) targets total revenue of RON107.2 million in 2016, compared with RON106.8 million in 2015, according to the budget of revenue and expenses app...
Romania Competes With Poland For EUR800M Daimler Investment
Daimler has Jawor, Poland and Sebes, Romania to choose from for a EUR800 million investment in a new engine plant set to create 1,500 jobs. While Daimler already has a transmission plant in...
Transylvania Got Ten Times Higher Infrastructure Funds Than Moldavia In 2015
Transylvania, a region of Romania generating significant economic growth, got 2 billion lei (EUR448 million) for infrastructure in 2015 or 46% of the total budget for such investments, accor...
Romanian Executive Put In Charge Of Toyota Romania
Toyota Romania, the importer of the Japanese carmaker in Romania, has appointed Edit Corcoman-Tarcolea general manager.
Sinterom Cluj Aims To Double Turnover And Staff Numbers In 2016
Sinterom SA Cluj-Napoca, manufacturer of components for the automotive, electromechanical and fast-moving consumer goods industries, expects to double its turnover and staff numbers in 2016,...
Delphi Set To Hire Several Hundred People In 2016
US-held Delphi group, which has automotive component plants in the west of Romania as well as in the north-eastern region (Iasi) will hire several hundred people this year, possibly returnin...
Ryanair Launches New Flights From Bucharest To Berlin In September
Ryanair on Wednesday said it will start operating flights from Bucharest (Romania) to Berlin (Germany), as of September 2016.
Continental Revenue In Romania Reaches EUR2.3B In 2015
The overall revenue of the seven companies part of the Continental Romania group rose by 14% to EUR2.3 billion last year.