Automotive
EBRD Considers EUR65M Loan To Draexlmaier
The European Bank for Reconstruction and Development is considering providing a senior loan of up to EUR65 million to the German automotive supplier Draexlmaier Group to increase production...
Altur Slatina Mulls Share Buyback
Romanian car parts maker Altur Slatina (ALT.RO) Friday recommended buying back up to 10% of its shares over a period of 12 months with a view to distributing them to the company’s employees...
Ford Romania To Halt Production For A Week In September
Ford Romania will suspend production at its Craiova plant for seven days in September because of weak demand, the company said in a statement Friday.
Court Blocks Road Authority’s EUR7.4M Auction For Legal Services
The auction started by Romania’s roads authority CNANDR seeking legal assistance services for expropriations for an estimated EUR7.4 million has been annulled by the Bucharest Court of Appea...
Preh Romania 1H Sales Up 5% On Year To EUR39M
Car part producer Preh Romania, which operates a plant in Ghimbav (Brasov county) registered turnover of EUR39 million in the first half of 2013, up 5% on the year.
Iproeb 1H Turnover Down 28%, To RON31.2M
Romanian cable maker Iproeb Bistrita (IPRU.RO) posted a turnover of RON31.2 million (EUR7.1 million) in the first half of the year, down 28%, and a net profit of RON38,000, from RON301,000 i...
Highway Construction Costs In Romania Three Times Higher Than In Bulgaria
Highway construction costs in Romanian are three times higher than in Bulgaria on level land, and the difference between minimum and maximum construction prices is higher than in Poland and...
Continental Anvelope Timisoara To Have New GM Starting September 1
Continental Anvelope Timisoara, part of German auto group Continental, will be run by Klaus Ohlwein, starting September 1.
Dacia To Present New Duster At Frankfurt Motor Show In September
Romanian carmaker Dacia, owned by French group Renault, will present the new version of its worldwide successful SUV on September 9 at the Frankfurt Motor Show.