Automotive
CFR Wants To Modernize Targu Mures Railway Station For Some EUR10M
Romania’s state-owned railway administrator CFR wants to award a contract estimated at 45.2 million lei (EUR10.2 million), net of VAT, for modernization works at the railway station in Targu...
Bucharest Court Overrules Contestation Filed By OmniTRAX Regarding CFR Marfa Sale
The Bucharest Court rejected a request filed by U.S. company OmniTRAX to resume procedures for the privatization of state-owned freight railway carrier CFR Marfa.
Fenechiu: Romania Cashes EUR367M Via Transport Program After EC Resumed Payments
Romania’s Transport Minister Relu Fenechiu on Wednesday said the European Commission has approved refunds of EUR315 million to Romania through the EU-funded operational program for transport...
Transport Minister Proposes Cheaper Alternative To Bucharest-Otopeni Subway Mainline Project
Romania’s Transport Minster Relu Fenechiu said Wednesday costs to construct Bucharest’s sixth subway mainline to link the metro network to the Henri Coanda International Airport in Otopeni a...
Tarom President Says GM Met Less Than 30% Of Management Plan Objectives
Christian Heinzmann, general manager of Romanian state-owned airline Tarom, has met less than 30% of the objectives stated in the company’s management plan and has not started restructuring...
Debt-Mired CFR Calatori Needs Recapitalization, Might Be Privatized
Romanian Transport Minister Relu Fenechiu said Wednesday state-owned passenger railway carrier CFR Calatori needs recapitalization, which might be secured through loans or by selling the com...
Dacia Car Registrations In Germany Up 8.4% In 1H, To 23,481 Units
Romanian carmaker Dacia’s new car registrations in Germany increased 8.4% on the year in the first half of 2013, to 23,481 units, while the German car market fell 8.1% to 1.5 million units,...
Shareholders Reject Mefin’s Delisting From Bucharest Bourse
The shareholders of Romanian diesel fuel injection system producer Mefin Sinaia (MEF.RO) rejected Friday the delisting of the firm from the Bucharest stock market, as the report on the sum t...
Dacia Car Registrations See Biggest Rise In France In 1H/2013
Romanian carmaker Dacia’s new car registrations in France rose 7.3% to 46,900 units in the first half of the year, which is the biggest rise on the French auto market, but saw an 18.7% decli...