Automotive
Tarom General Manager’s Four-Year Mandate Shortened
The mandate of Christian Heinzmann as general manager of Romanian state-owned airline Tarom has been shortened from four to one year.
Romania To Secure Severance Pay For 1,000 CFR Marfa Employees
Romanian’s government could not set conditions regarding the staff freight railway carrier CFR Marfa must keep for several years after privatization and is drafting a decision whereby about...
GFR Buys 51% In Freight Rail Carrier CFR Marfa For EUR202M
Romania’s largest private railway company Grup Feroviar Roman (GFR) will pay EUR202 million for a 51% stake in state-run freight rail carrier CFR Marfa, Transport Minister Relu Fenechiu said...
IMF Says Lagarde’s Visit To Romania Unrelated To Deal Review
International Monetary Fund’s Managing Director Christine Lagarde will visit Romania “somewhere in mid-July,” IMF spokesman Gerry Rice said Thursday.
Draexlmaier To Fire Nearly 300 Employees In Pitesti, Still Plans To Hire 1,500 People In Romania
Dräxlmaier Pitesti, the German car part maker’s oldest plant in Romania, which makes cables for the auto industry, plans to lay off 8% of its staff, or 292 employees, 2% of all its employees...
EU Opens Infringement Against Romania Over Public Procurement In Road Rehabilitation Tender
The European Commission announced Thursday it has triggered infringement procedures over Romania’s failure to comply with EU public procurement rules in the auction for the rehabilitation of...
Remaining Bidder For CFR Marfa May Be Disqualified Over Demands – Minister
Romanian rail company Grup Feroviar Roman (GFR), the only remaining bidder in the privatization process of state-run freight rail carrier CFR Marfa, may be disqualified due to a series of co...
Sales Of Locally Made Cars In Romania Extremely Low - Carmakers
Constantin Stroe, head of the Romanian auto manufacturers’ association ACAROM, said Thursday sales of locally produced cars on the domestic market is extremely low, making Romania a unique c...
Court Rejects MOL’s Claim To Have Antitrust Fine Annulled
The Bucharest Court of Appeals has overruled Hungarian oil group MOL’s claim to have a RON80.2 million antitrust fine annulled, upholding the Competition Council’s decision.