Automotive
Government Sidelines Sibiu-Pitesti Highway
The 116 kilometer-long Pitesti-Sibiu highway expected to cost EUR3 billion is no longer a priority for Romania’s company in charge of highways and national roads CNADNR and stands little cha...
Radacini Becomes Sole Volkswagen Dealer In Prahova After Taking Over EUR2M Showroom
Car dealer Radacini has taken over a showroom in Ploiesti for over EUR2 million from Cardinal Motors’ creditors and is now the sole authorized dealer for Volkswagen and repair shop for Volks...
Lear Corporation To Open New Seating Plant In Iasi
US car parts manufacturer Lear Corporation will open in January a new seating plant in the Romanian northeastern city of Iasi, the company said in a statement Tuesday.
Romanian Car Market Sees Sharpest Decline In CEE In October, Of 17.5%
New car registrations in Romania fell 17.5% on the year to 5,600 units in October, the sharpest decline in Central and Eastern Europe and in EU, excepting Cyprus, the European Automobile Man...
Romanians Spent EUR300M More On Used Cars Than On New Cars In January-October
Registrations of used cars imported from Western Europe increased again in October, according to data released by the Driving License and Vehicle Registration Department (DRPCIV).
Bergerat Monnoyeur: We Have To Take Present As Reference Point, Not 2007-2008
Construction companies have to ”reset” the construction market and take the present as a reference point, not the 2007-2008 period, when there was an almost “surreal euphoria,” believes Livi...
Romania’s EU Fund Absorption Rate Via Transport Operational Program Tops 20%
Romania’s absorption rate of European non-reimbursable funds through the 2007-2013 Transport Sector Operational Program (POS T) has reached 20.7% and the remaining funds can be attracted by...
Allianz-Tiriac 9-Month Underwritten Premiums Slightly Up To RON677.5M
Romanian insurer Allianz-Tiriac Asigurari registered underwritten premiums of 677.5 million lei (EUR152.2 million) in the first nine months of 2013, up about 1% on the year.
Tarom Revenue Up 1% At RON972M, Loss Down 30% At RON83M In First 9 Months
Romanian state-run airline Tarom reported 1% higher revenue at 972 million lei (EUR218.4 million) and 30% lower loss at RON83 million on the year in the first nine months of 2013.