Automotive
RCA Premiums Higher In First 9 Months, Mainly Due To Increased Tariffs
Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 16% to 1.756 billion lei (EUR0.3 billion) in the first nine months of 2013, largely due to higher tariffs...
Garanti Sees Romanian Leasing Market Flat At EUR1.3B This Year
The Romanian leasing market could stagnate this year at EUR1.3 billion, although leasing companies were hoping for a 10% growth in the industry at the beginning of the year, Garanti Leasing...
Ford Expects To Sell 6,000 Cars In Romania This Year, Fewer Than In 2012
U.S. carmaker Ford estimates it will sell 6,000 cars in Romania this year, including light commercial vehicles, fewer than in 2012, when it sold 6,800 units.
APIA: Car Sales Down 8.3% On Year To 55,400 Units In First 10 Months
Romanian new passenger car sales fell 8.3% on the year to 55,400 units in the January-October period, the Automotive Manufacturers and Importers Association, or APIA, said Thursday.
Brassai, Ford: Romanian Auto Sales To Reach 320,000 Units In 2013
Romanian auto sales will reach 320,000 units in 2013, of which 70,000 new cars and 250,000 used cars, Zoltan Brassai, general manager of Ford Romania, said Thursday.
Ford Resumes Production At Romanian Plant After 2-Week Halt
U.S. automaker Ford Motor Co. has resumed car and engine production at its plant in Romania following a two-week suspension on the back of feeble demand, the head of Ford Romania said Thursd...
Italian Firm Collini Lavori To Build Targu Jiu Ring Road For RON151M
Romania’s roads authority CNADNR on Wednesday signed a RON151 million contract, net of VAT, with Italian builder Collini Lavori for the construction of the Targu Jiu ring road.
CNADNR To Pay RON1.14B For Construction Of Two Sections Of Lugoj-Deva Highway
Romania’s national roads authority CNADNR will pay 1.14 billion lei (EUR0.2 billion), VAT not included, to the consortia building the second and third sections of the Lugoj-Deva highway, whi...
Insurer Axa Negotiates Selling Romanian Business To Astra
French insurance giant AXA is in final negotiations to sell its Romanian subsidiary to the largest insurer on the market, Romanian-held Astra, according to market sources. The decision to wi...