Automotive
Daimler To Manufacture Transmissions For Mercedes Luxury Cars In Sebes
Star Transmissions, a unit of the Daimler group, will manufacture state-of-the-art transmissions for the Mercedes-Benz E-Klasse and S-Klasse luxury models, which cost upwards of EUR50,000, i...
Romania’s Car Production Hit Record High Of Over 400,000 Units In 2013
Car production hit a record high in Romania in 2013, overshooting the 400,000-unit mark for the first time, according to data provided by the two automakers operating locally, Dacia and Ford...
Uzuc Ploiesti Seeks EUR5M Loan To Purchase Paper Maker Somes Dej
Romanian industrial equipment manufacturer Uzuc Ploiesti (UZC.RO) plans to take out a EUR5 million loan to purchase the operating assets of paper maker Somes Dej (SMS.RO), Uzuc said Friday.
Romanian Airline Carpatair Goes Insolvent
Romanian airline Carpatair filed for insolvency and will enter judicial reorganization, due to EUR30 million loss triggered by litigations with Timisoara airport, which allegedly sealed anti...
Bucharest Airport Company Gross Profit Triples To RON78 Million In 2013
The Bucharest National Airport Company (CNAB) reported last year a gross profit of 78 million lei (EUR17.3 million), threefold higher than forecasted, the company said in a release Thursday.
Microsoft, Dell and Deutsche Bank Get State Aid For Romania Investments
Deutsche Bank--which is developing a technology center for Eastern Europe in Bucharest that will employ 500--got a EUR15 million aid from the Romanian government in December to support a EUR...
Metrorex Expects RON123M Loss In 2014
Bucharest subway operator Metorex estimates gross loss of 123.19 million lei (EUR27.19 million) in 2014, revenues of RON654.4 million and expenses of RON777.6 million.
Dacia Sales Rise 19% To Record 430,000 Units In 2013
Romanian carmaker Automobile Dacia, a unit of French group Renault, on Tuesday said its global sales rose 19.3% on the year to a record 429,540 vehicles in 2013, from around 360,000 vehicles...
Sales Of Cars Worth Over EUR200,000 Down 20% In 2013
Registrations of cars with a price tag of over EUR200,000 fell by almost 20% to 19 units in 2013, from a total 23 in 2012, according to the Driving License and Vehicle Registration Departmen...