Automotive
CFR To Auction 35,523 Tons Of Scrap Iron
Romanian railway company CFR plans to sell 35,523 tons of scrap iron on the commodities exchange next month at a starting price of $335 a ton, the company said Wednesday.
Bucharest Airport Company Expects 1% Higher Revenue In 2014, To RON676.8M
The Bucharest National Airport Company expects revenues of 676.8 million lei (EUR154 million) in 2014, up 1% from RON668.6 million forecasted for 2013, and gross profit of RON32.8 million, h...
Metrorex Buys Electricity Worth EUR14.15M
Bucharest subway operator Metrorex has awarded a contract of 62.1 million lei (EUR14.15 million) to state-run power distributor Electrica Furnizare, VAT included, whereby it will purchase el...
Kromberg & Schubert Acquires Its Leased Premises In Western Romania
German automotive components producer Kromberg & Schubert has acquired the property leased from Solvency Project for the last 10 years in order to expand the current manufacturing capacity.
Closure Of Timisoara Hub Drives Carpatair Revenue Down 40%
Carpatair, an airline gone insolvent early this year, posted 148 million lei (EUR33.7 million) revenue last year, down 40% on 2012, and RON26 million loss, according to the Finance Ministry...
Companies’ Car Purchases Change Auto Market Structure
Romanian sales of passenger cars with engines below 1.2 liters rose over 60% on the year in the first five months of 2014, to over 3,000 units, according to car dealers’ data.
Romania To Pay Up To EUR531M To Finish Transylvania Highway Section
Romania’s roads authority CNADNR seeks a constructor to finish a 37.2-kilometer section of the Transylvania Highway, left unfinished by U.S. builder Bechtel, and estimates to pay up to 2.33...
PIA Head: Romania's 1Q GDP Growth, A Positive Signal For Auto Market
Romania's first-quarter economic growth, of 3.5%, is a positive signal and can lead to an increase of the auto market after six consecutive years of decline, said Peter Copetti, the Austrian...
25% Of Auto Liability Insurance Claim Settlement Goes To Moral Damages
Insurance companies settled claims for moral damages and personal injury under auto liability policies (RCA) worth 134 million lei (EUR30.5 million) in the first three months of 2014, or 25%...