Automotive
Valmar, APIA: One In Four Car Dealers Faces Insolvency
Romania's automotive market plunged almost 80% between 2008 and 2013, from almost 370,000 new cars sold in 2007, to a little more than 82,000 last year, therefore, 25% of some 400 dealers in...
ALB: Leasing Market Up 28% On Year To EUR310M In 1Q
The Romanian financial leasing market rose 28% on the year to EUR310 million in the first quarter of 2014, due to the financing of heavy-duty commercial vehicles, and of farming and industri...
Biro, ASF: Average RCA Premium In Romania Up 7% On Year In 1Q/2014
The average premium for mandatory car insurance (RCA) policies in Romania rose 7% on the year in the first three months of 2014, said Albin Biro, non-executive member in the management of Ro...
Romania To Pay Up To EUR333M To Finish Transylvania Highway Section
Romania’s roads authority CNADNR seeks a constructor to finish a half-built 60-kilometer section of the Transylvania Highway, left unfinished by U.S. builder Bechtel, and estimates to pay up...
Tarom Sees Passenger Numbers Down In 2013 Despite Plan To Boost It 5%
Privately managed state-owned airline Tarom carried 2.1 million passengers last year, compared with 2.19 million in 2012, even though the target in the management plan approved early last ye...
Romcab Seeks EUR40M Loan From UniCredit Tiriac
Romanian cable maker Romcab Targu-Mures (MCAB.RO) plans to borrow up to EUR40 million from UniCredit Tiriac Bank, for which it seeks to obtain a state guarantee from government-owned lender...
Law On Setting Up Body Of Experts To Evaluate Car Damages Would Trigger Higher RCA Tariffs
The adopting of a draft law on setting up a body of technical experts for the evaluation of car damages might trigger the increase of the tarrifs for mandatory car insurance policies (RCA),...
Continental, Set To Hire Another 1,500 People
German-held Continental has increased the number of people it plans to recruit in Romania this year from 1,000 to 1,500 and half of these people will be employed in the company’s new R&D cen...
April Figures, A Breath Of Fresh Air For Romanian Car Market
Passenger car sales rose 28.5% on the year in April 2014, to almost 6,800 units, according to data provided by Romania's Automotive Manufacturers and Importers Association (APIA).