Automotive
EUR4B Worth Of Highway Concession Contracts Not Making Any Progress
The southern part of the Bucharest beltway (48 kilometers) and the Craiova-Pitesti highway (121 kilometers), two projects the government wants built under concession contracts expected to co...
Car Exports Down 6% In July
Exports of new cars assembled in Romania fell by more than 6% in July, compared with the corresponding month of 2013, to fewer than 34,300, according to the Automotive Manufacturers and Impo...
Dutch-Held Damen Delivers EUR30M Worth Of Ships From Galati, Romania, In 1H
Netherlands-based Damen, the owner of one of Romania's largest shipyards, says the ship building business is recovering after the economic crisis.
Romania’s Leasing Companies Release 20% More Funding In 1H
Leasing companies in Romania granted new funding worth EUR664 million in the first six months of the year, up 22% from the same period of last year, according to data provided by ALB Romania...
Capping Car Insurance Brokerage Fees Will Reduce Business And Cut 25,000 Jobs
Capping brokers' fees on mandatory car insurance policies (RCA) will raise insurers' costs, will narrow the RCA market and will reduce brokerage by 30%, costing 25,000 insurance brokers and...
APIA: Romania Car Sales Up 33% In First 7 Months
Romanian new passenger car sales rose 32.7% to 47,857 units in the January-July period, from 36,069 units a year earlier, the Automotive Manufacturers and Importers Association, or APIA, sai...
Lawyer Remus Borza To Run Polisano Group
Romanian lawyer Remus Borza has been appointed president of the group of firms Polisano, which operates mainly in the healthcare industry, two months after the group's founder, doctor Ilie V...
Altur Slatina 1H Loss Narrows To RON2.97M
Romanian car parts maker Altur Slatina (ALT.RO) Thursday said its first-half loss narrowed 14.5% to 2.97 million lei (EUR0.67 million), largely due to lower costs with raw materials.
CFR To Resume EUR2.3B Auctions For Railway Section Upgrade In September
Romania’s state-owned railway company CFR Thursday said it will resume in September the auction procedures to award four contracts estimated at EUR2.3 billion for the rehabilitation of nearl...