Automotive
CFR Calatori Seeks RON100M Loan To Refinance Debt
Romanian state-run passenger rail carrier CFR Calatori plans to borrow 100 million lei (EUR22.1 million) to refinance older debt, the company said Wednesday.
Tender’s Airline To Fly From Tulcea Airport
TEN Airways, controlled by businessman Ovidiu Tender, is set to enter the airline market with regular flights under the Fly Romania brand.
Daimler’s Sales Units In Romania Merged Under Mercedes-Benz Umbrella
Germany’s Daimler AG merged two vehicle sales units in Romania to streamline activity and improve resource usage, the company said in a statement Wednesday.
Romania Beats Italy In EU Car Manufacturing Top, Prepares To Overtake Poland
The record car production in Mioveni and Craiova put Romania on the eighth place among car manufacturing countries in Europe in 2013, ahead of two Western countries, Italy and Belgium, for t...
Dacia Sales In Germany Up 22% In January-February
Registrations of new Dacia cars in Germany rose 21.7% in January-February, to 7,448 cars, nearly four times the growth of the overall German car market, which increased 5.7%, to 415,345 unit...
Dacia Sales See Biggest Rise In France In January-February
Romanian carmaker Dacia saw the biggest rise in new car registrations in France in the first two months of 2014, witnessing an advance of 13.9% to 18,044 units, while the French car market f...
Pirelli Sells Steelcord Division, Including Romanian Facility, To Belgium’s Bekaert
Italian group Pirelli has reached an agreement to sell steelcord activity, which includes factories in Italy, Turkey, Romania, China and Brazil, to Belgian steelcord manufacturer Bekaert for...
Romania's Highway Connection To Western Europe Ready By December
Two major cities of western Romania, Timisoara and Arad, will be connected to Western Europe via highway for the first time once the 39-kilometer Nadlac-Arad section is completed in December...
Finance Ministry Mulls Capping Cash Payments For Real Estate Transactions To RON50,000
The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for r...