Automotive
German Continental’s 2013 Investments In Timisoara Tire Plant Kept At Nearly EUR29M
German auto group Continental’s investments in its tire plant in Timisoara (western Romania) will be kept in 2013 at last year’s level of nearly EUR29 million.
Aerostar 9-Month Operating Revenue Slightly Down To RON150M
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) registered operating revenue of 150.3 million lei (EUR36.8 million) in the first nine months of 2013, slightly lower fr...
IMF: Romania Must Rethink Options Regarding CFR Marfa If Restructuring, Privatization Fail
The International Monetary Fund would appreciate it if Romania completed the privatization of state-run freight railway carrier CFR Marfa before deadline, set for mid-2015, an IMF official s...
CFR Marfa Sale To Be Completed Mid-2015
The privatization of Romanian freight railway carrier CFR Marfa will be completed at the middle of 2015, one year later than initially set by the Government, after the company undergoes a re...
Tarom Gets New Board Of Directors
Romania’s Transport Ministry on Monday revoked the Board of Directors of state-run airline Tarom, following a conflict between board members and the company’s Chief Executive Officer Christi...
Dacia Car Registrations In Germany Up A Mere 0.8% In January-October
Romanian carmaker Dacia’s new car registrations in Germany rose a mere 0.8% in January through October 2013, to 38,431 units, while the overall German car market decline slowed down to 5.2%,...
Dacia Sales In France Up 7.6% In January-October Amid Declining Auto Market
Dacia registrations in France increased 7.6% in January-October, to 72,550 units, while the French auto market saw a 7.4% decline, even though it is on a comeback trend, with growth in Octob...
Logan To Overshoot 1 Million Cars Sold Mark This Year
Carmaker Renault expects production of the entry range, which includes the models built on the Logan platform, to exceed one million units for the first time or a third of the total cars mad...
Tarom Looking For New CEO
Romanian state-run airline Tarom, where private management was introduced in November last year, is recruiting a new CEO, as well as a new Financial Officer, Commercial Officer and Operating...