Automotive
APIA: Romania 8-Month Passenger Car Sales Down 11.4% On Year
Romanian new passenger car sales fell 11.4% on the year to 41,493 vehicles in the January-August period, the Automotive Manufacturers and Importers Association, or APIA, said Monday.
Romanian Transport Firm Buys 25 Mercedes-Benz Trucks For EUR1.3M
Romanian transport firm Luxorcomp, headquartered in Valcea county, has bought 25 Mercedes-Benz trucks for over EUR1.3 million, according to ZF estimates.
Tarom CEO: Results Are As Planned, Passenger Numbers Up 6% In August
Results registered by the Romanian state-owned airline Tarom are in line with those stated in the company’s management plan and passenger numbers rose 6% in August, according to Christian He...
Dacia Sells Cars Worth EUR2.2B On Its Largest Markets
French group Renault, owner of Romanian carmaker Dacia, sold almost 185,000 cars on Dacia’s ten largest markets in the first eight months of 2013, up almost 5% on the year. They have a total...
Leasing Companies Rely On Vehicle, Equipment Leasing To Keep Going
Leasing companies affiliated to banks have relied either on funding for vehicle or equipment purchases to keep their business going, as the first half rankings show.
CNADNR To Terminate Transalpina Constraction Contract With Romstrade
Romania’s national roads authority CNADNR will terminate a contract with firm Romstrade, which has failed to complete the construction of the country’s highest paved road Transalpina (2,145...
Romania Sets Formulae For Lump Sum Tax To Be Applied Starting 2014
Owners of restaurants with a floor of 150 square meters in central Bucharest will pay lump sum tax of 17,136 lei (EUR3,900) per year starting 2014, while shawarma eateries will contribute lu...
GFR In Talks With ING Corporate Finance To Get Money For CFR Marfa Acquisition
London-based ING Corporate Finance, the financial consulting division of Dutch group ING, will help Grup Feroviar Roman (GFR) get financing to buy 51% in freight railway carrier CFR Marfa, a...
Romanian Aircraft Industry Growth Depends On Giants EADS And Boeing
Aeronautical giants EADS and Boeing plan to outsource production to peripheral countries like Romania and Poland, and their orders currently represent the main pillars for the development of...