Automotive
Socep Constanta 1Q Sales Rise 47% On Stronger Port Traffic
Romanian maritime port operator Socep Constanta (SOCP.RO) Wednesday said its first-quarter sales rose 47% on the year to 17.5 million lei (EUR3.94 million), fueled by stronger traffic.
UAMT Oradea Revenues Up 6% In 1Q, Profit Up 9.5%
Romanian car parts maker UAMT Oradea (UAM.RO) posted revenues of RON34.96 million in the first quarter, up 6.6% on the year, and a net profit of RON3 million, down 9.5% on the year, the comp...
Three Major State Companies Face Big Management Problems
Only one month from his appointment as general manager of freight rail carrier CFR Marfa, Dan Valentin Belcea, the second private sector manager of the state-owned company announced his resi...
TMK-Artrom Swings To RON10.5M Profit In 1Q
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, has swung to a first-quarter net profit of 10.5 million lei (EUR2.37 million) versus losses a year earlier,...
Dacia Overtakes Petrom With Almost EUR4.2B Revenue in 2013
Automobile Dacia posted 18.4 billion lei (EUR4.15 billion) revenue in 2013, an increase of 45% on 2012 and the best result ever for the automaker in Mioveni, southern Romania, which saw a re...
New Car Registrations Down 6% In April
New passenger car registrations declined by almost 6% in April compared to April 2013, according to data provided by the Driving License and Vehicle Registration Department (DRPCIV), to a li...
Orsova Shipyard Switches To Profit In 1Q/2014
Romanian shipyard Santierul Naval Orsova (SNO.RO) Monday said it registered profit of nearly 1.2 million (EUR263,000) in the first quarter of 2014, compared to loss of RON2.3 million in the...
Bosch Opens EUR70M Plant In Cluj
Germany’s Bosch opened its second automotive technology manufacturing plant in Romania Friday, in Jucu, Cluj county, following an investment of over EUR70 million.
Romania Ranks First In EU By Sunflower Production, Internet Speed And Highway Costs
As the European Union celebrates Europe Day this Friday, ZF has identified a number of indicators showing where Romania stands compared with the other European Union members.