Automotive
100 Largest Importers In Romania Account For 40% Of Total Imports
The 100 largest importers account for almost 40% of the total imports or more than EUR21 billion euros, according to the National Statistics Institute.
Germany’s Draexlmaier Plans To Hire 1,000 People At Two Romanian Car Part Plants
German car part maker Draexlmaier, the third largest employer in the Romanian automotive industry, plans to hire more than 1,000 people at its Romanian plants in Codlea and Satu Mare, which...
Grup Feroviar Roman To Get Financing From EximBank For Acquisition Of Bulgaria’s BDZ
Romanian state-run lender EximBank has recently approved the granting of financing to Romanian private freight railway carrier Grup Feroviar Roman (GFR) for the latter's planned acquisition...
Romcab Seeks New Loans, Wants To Extend Credit Line
Romanian cable maker Romcab Targu-Mures (MCAB.RO) plans to contract two loans of EUR1 million and RON4 million, respectively, from Banca Comerciala Feroviara, and to extend a credit line of...
Fondul Proprietatea Wants To Sell Its 20% Stake In Traian Vuia Airport
Investment fund Fondul Proprietatea (FP.RO) wants to sell its 20% stake in the Traian Vuia Airport in the western city of Timisoara on the Bucharest stock market.
ALD Automotive Has New CCO And COO
Ciprian Vladescu was appointed chief commercial officer (CCO) of Romanian operational leasing company ALD Automotive on May 1.
No Broker Wants To Advise On Traian Vuia Airport Public Offering
No brokerage firm was interested to help the Romanian Transport Ministry sell 5% in the Traian Vuia Airport in the western city of Timisoara.
Romania’s Low Agricultural Yields Due To Tractor Density
The agriculture sector, which generates 6% to 7% of Romania's gross domestic product, has a density of only 20 tractors per 1,000 farmers. This is seventy times lower than France, the Europe...
Bosch Opens Third Production Unit In Blaj, C Romania, In EUR50M Investment
German group Bosch opened a new car part production unit Saturday in Blaj, central Romania, following an investment of nearly EUR50 million.