Automotive
DB Schenker: Good Times Of 2005-2008 Are Over, They’re Not Coming Back
Albin Budinsky, CEO of major transport and logistics company Schenker Romtrans, says the good times of the pre-crisis years are not coming back, but that the company’s turnover could increas...
U.S. Honeywell Transportation Systems Officially Opens Factory In Ploiesti
U.S. Honeywell Transportation Systems inaugurated on Tuesday its Honeywell Friction Materials factory, located in a private industrial park near Ploiesti, southern Romania.
Insolvent Romstrade Downsizes Staff To 100 Employees From 930 In December 2012
Romstrade, once one of the largest construction firms in Romania, has downsized its staff to below 100 employees after entering insolvency a year ago.
Dacia Registers Two-Digit Market Share In Romania, Moldova In January-August
Romania’s carmaker Dacia, owned by French group Renault, registers the highest market shares in Romania, Bulgaria and the Republic of Moldova, according to ZF calculations based on data by E...
Transport Ministry Wants To Extend CFR Marfa Sale Completion Deadline
The committee for the privatization of Romania’s state-owned freight railway carrier CFR Marfa is looking into extending the company's sale completion deadline and one of the proposed time l...
Dacia Car Registrations In Great Britain At 11,631 Units In January-September
Romanian carmaker Dacia’s new car registrations in Great Britain reached 11,631 units in the first nine months of 2013, and the overall British car market rose 10.76% on the year to 1,794,92...
Highway Construction Work Up Only 2% In August, From 5% In July
The ten leading highway construction sites in Romania advanced by an average of 2% between August 1 and September 1, show ZF calculations based on information provided by roads authority CNA...
GFR Puts EUR20M In Escrow Account For CFR Marfa; Privatization Goes On
Grup Feroviar Roman (GFR), which has won an auction to buy a 51% stake in Romanian state-owned railway freight carrier CFR Marfa, Thursday transferred 90.4 million lei (about EUR20 million)...
Romania, Ford Settle Penalty Dispute
Romania’s government wants to cancel out a part of penalties owed by U.S. carmaker Ford, which failed to observe car production clauses included in a privatization contract with the state, a...