Automotive
Romania To Pay Another EUR26M To Finish Transylvania Highway Section
Romania’s roads authority CNADNR seeks a constructor to finish a 52- kilometer section of the Transylvania Highway, a section which was 97% completed by U.S. builder Bechtel, and estimates t...
Romania Posts Third Biggest Growth In EU Car Sales In January-October
Romania registered the third largest increase in new car registrations in the European Union, of 26.2%, in the first ten months of 2014, and Dacia saw the highest growth, of 28.7%, to 304,40...
Michelin Group Head: Romania’s Economy Still Has A Long Way To Go
Romania is among the countries in Central and Eastern Europe with growth potential for Michelin, but its economy still needs to grow, Jean-Dominique Senard, Chief Executive Officer of French...
New Car Registrations In Romania Top Entire 2013 Volume In First 10 Months
Passenger car registrations reached almost 7,400 units in October, up 31% from the year-earlier period, the second biggest increase and the second highest volume in the second half of this y...
Compa Revenue Down 7% In January-September, But Profit Slightly Up
Romanian car parts manufacturer Compa Sibiu (CMP.RO) Wednesday said its revenue fell 7% to RON334.8 million in January-September 2014, from RON359.6 million in the year-earlier period, but i...
Glasscorp Opens Glass Facility In Buzau In EUR65M Investment
Glasscorp, part of Turkey's Șișecam Group, opened an automotive glass facility in Buzau, eastern Romania, in a EUR65 million investment, co-financed through a state aid scheme.
One Third Of BMW Vehicles Sold In Romania Go To Companies' Car Fleets
The local BMW importer in Romania sold 389 cars in the first nine months of 2014, which will be used in companies' car fleets, and hopes sales will reach 445 units out of a total 1,500 by th...
Romania To Open 56 Km Of Highway To Traffic By End-2014; Just 17 Km Set For Delivery In 2015
Romania’s roads authority CNADNR will open 56 km of highway to traffic by the end of 2014, less than half the level reported in 2013 when it completed 116 km, and plans to deliver only 17 km...
Dacia Sales In Germany Up 8.6% In January-October
New registrations of Dacia cars in Germany increased 8.6% on the year in the first ten months of 2014, to 41,741 units, an almost triple growth rate compared to the overall German car market...