Automotive
Govt Spent Over EUR430M On Clunkers Program, Boosted Used Car Stock Instead
This year will see the second highest level of used car imports in a decade, 225,000 units, and the average age of the car stock in the country is rising towards 14 years compared with 11 in...
Dunca Expeditii Expects High Single Digit Growth In 2014
Dunca Expeditii, one of the largest road freight carriers in Romania, forecasts a growth of 5% to 10% in revenue next year, as a result of the fleet expansion in 2013, owner Romeo Dunca told...
EU Assigns EUR82.7M For Ring-Road In Brasov, Central Romania
The European Commission announced Thursday it has approved a EUR82.7 million investment for the construction of an 18.5-kilometer ring-road in Brasov, central Romania.
Transport Ministry Expects Revenues Of RON11.4M From Minority Stake Sale In 2014
Romania’s Transport Ministry expects privatization revenues of 11.4 million lei (EUR2.56 million) in 2014 from the sale of minority stakes in the companies it controls, according to the mini...
FAN Courier Expects Turnover Of RON275M In 2013
FAN Courier, the largest Romanian-held company on the courier market, expects turnover of 275 million lei (EUR61.7 million) in 2013, up 13.7% on the year.
Giant EADS Expands On Land Of Ailing Romanian Helicopter Maker
Aircraft components manufacturer Premium Aerotec Ghimbav, part of the EADS group, plans to rent a further 10 hectares of land in Ghimbav from state-run Romanian helicopter maker IAR Ghimbav...
Vinci-Strabag-Aktor And Impregilo-Salini Submit Final Bids For Comarnic-Brasov Highway Construction
Consortia Vinci (France)-Strabag (Austria)-Aktor (Greece) and Impregilo-Salini (Italy) submitted final bids Monday for the construction of Romania’s Comarnic-Brasov highway section, Romanian...
Romanian Road Freight Transporters Halt Activity
Romanian road freight transporters have halted activity Monday in protest to the government’s decision to raise excises on fuels, Augustin Hagiu, representative of the National Road Confeder...
Ford Executives See B-Max As Best-Seller Despite Production Halts
Ford Motor Company officials say the plant in Craiova (southern Romania) is important for the group, because it makes two EcoBoost engines and the B-Max car model, even though the plant stop...