Automotive
VCST Automotive Production Alba Iulia Expects EUR10M Revenue In 2014
Belgian-held automotive component manufacturer VCST Automotive Production Alba expects EUR9.6 million revenue this year, ten times higher than in 2013, fueled by rising demand from existing...
Romania Has Just 4 New Projects Among This Year’s Priority Investments
Romania’s 20 priority investments for this year have a total budget of around EUR1.1 billion, but only four of these refer to new projects set to receive around EUR160 million in 2014.
TMK Artrom Slatina Sees Five-fold Profit Increase In 2014
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, estimates its net profit will rise over five-fold on the year to 64.5 million lei (EUR14.4 million) in 2014...
Romania Ranks First Worldwide By Car Production Growth Rate
The increase in car production at both Dacia’s plant in Mioveni and at Ford’s plant in Craiova placed Romania on the top spot among the countries with the highest car production growth rate...
Alstom Wants To Supply Trains For Planned Bucharest Subway Line 5
French group Alstom, which has handled maintenance works for the Bucharest subway since 2003, plans to get involved in the Drumul Taberei-Pantelimon subway project by delivering 43 trains, i...
Romania Unlikely To Have High-Speed Rail Earlier Than 2050
In a world where trains easily go beyond 300 km/h in speed, in Romania, the speed of passenger trains reaches on average 45 km/h and high-speed rail is not expected to be built earlier than...
Wizz Air To Operate New Flights As Of July
Low-cost airline Wizz Air will introduce in July four new flights from Bucharest to Doncaster Sheffield (Great Britain), Malaga (Spain), Malmo (Sweden) and Malta, and a flight from Cluj-Napo...
Romania Must Attract EUR1.28B Via Transport Program To Avoid Losing EU Funds
Romania will have to attract EUR1.28 billion through the EU-funded operational program for Transport for 2014 and 2015, within the 2007-2013 Cohesion Fund, and the country’s roads authority...
Germany’s Continental Set To Hire 1,000 People In Romania This Year
Germany’s car part producer Continental, which owns seven plants and three research centers in Romania, plans to hire 1,000 people this year, in its facilities in Timisoara, Sibiu, Iasi, Bra...