Automotive
Astra Vagoane Calatori Gets EUR10M Loan From EximBank
Railroad car manufacturer Astra Vagoane Calatori, one of the 20 largest Romanian-owned private sector exporters, took out a EUR10 million line of credit from EximBank for two years, accordin...
Leoni Rents Nearly A Quarter Of Industrial Park In Arad
Automotive industry wiring manufacturer Leoni Wiring Systems Arad, a subsidiary of German group Leoni, will occupy nearly a quarter (7,000 square meters) of an industrial park resulted from...
UAMT Oradea 1H Revenues Rise Slightly To RON68.2M, Profit Falls 15% To RON5.49M
Romanian car parts maker UAMT Oradea (UAM.RO) Tuesday said its revenues rose slightly to RON68.2 million in the first half of 2014, from RON67.2 million in the year-earlier period, but its n...
Romania's Road Company Spent Only 40% Of Its Budget In 1H
While people and investors keep complaining about the lack of road infrastructure, Romania’s national company in charge of highways and national roads CNADNR spent only 40% of the money it s...
Compa Revenues Down 5% In 1H, But Profit Rises 15%
Revenues of Romanian car parts manufacturer Compa Sibiu (CMP.RO) dropped 5% in the first half of the year, from RON244.1 million to RON231.8 million, and its net profit increased 15%, to RON...
Porsche Asigurari Reaches 12,000 CASCO Policies, Posts EUR5.5M Underwritings In 1H
Porsche Asigurari, the insurance arm of Porsche Finance Group, brokered around 2,300 CASCO policies for voluntary car insurance in the first half of 2014, up 124% on the year, reaching 12,04...
Romania Spends EUR45M On Bicycles, Manufactures Five Times More
Romanian consumers spend about EUR45 million on bicycles a year, paying EUR120 on average for one, four times lower than Germans or six times lower than Dutch.
Italian Contractor To Build Caracal Beltway For EUR11.6M
Romania's roads authority CNADNR has awarded a RON51.6 million (EUR11.6 million) contract for the construction of the Caracal beltway to Italy's S.E.CO.L.- Societa Edile Costruzioni e Lavori...
Electroprecizia Hopes To Export EUR75,000 Worth Of Electrical Engines To U.S., Canada
Electroprecizia Electrical Motors, part of Electroprecizia group, hopes to export EUR75,000 worth of electrical engines to the United States and Canada and estimates sale to the two countrie...