Automotive
Romania Seeks Financing In China For Energy And Road Infrastructure Projects
Romanian Economy Minister Constantin Nita met Wednesday in China with the vice-president of the Industrial and Commercial Bank of China, the world’s largest bank by market capitalization, an...
Coface: Road Freight Transporters Raise Revenue But Deepen Losses
Road freight transporters have increased their revenues recently but not their earnings, as the freight transport sector continues to register losses, according to a Coface analysis.
Tarom Still In The Red, But Losses Narrow
Romania’s state-run airline Tarom, placed under private management at the end of 2012, ended last year with a net loss of 130 million lei (around EUR30 million), down by RON100 million from...
Transport Minister: No Highway Tax In 2014 Or 2015
Transport Minister Dan Sova stated that the talks on highways taxation are theoretical at the moment, and authorities will not introduce highway taxes in 2014 or 2015.
Continental's 2013 Revenue In Romania Surges 21% To Nearly EUR1.83B
German-held Continental group, which includes seven companies operating eight production units in six cities, reported 21% higher revenue in Romania in 2013, to nearly EUR1.83 billion, accor...
Ford Romania Switches To Profit In 2013, Doubles Turnover To RON4.8B
Ford Romania nearly doubled its turnover in 2013, to RON4.84 billion from RON2.47 billion in 2012, and the company switched to profit, posting net earnings of RON68.8 million, from a loss of...
Transport Ministry Replaces Members Of CFR Marfa’s Executive Board
Romania’s Transport Ministry has replaced the members of the Executive Board of state-run railway freight carrier CFR Marfa, company officials told MEDIAFAX Thursday.
Dacia Sales In Germany Return To Growth In May, With Nearly 17%
Dacia sale sin Germany returned to growth in may, with 16.9%, to 4,903 cars, more than triple the growth of the overall local car market, which increased 5.2%, to 274,804 cars.
CFR Calatori’s Former GM Resigns As Executive Board Member
Valentin Dorobantu, former general manager of state-run passenger rail carrier CFR Calatori, resigned from the position of member in the company’s Executive Board, people close to the matter...