Automotive
Dacia And Ford Have To Import Sheet Metal For Lack Of Better Option In Romania
ArcelorMittal Galati, the former Sidex plant acquired by Indian billionaire Lakshmi Mittal for EUR70 million in 2001, would see EUR100 million higher sales a year if it were able to supply s...
Two Investors File Bids To Take Over Romanian Low-Cost Airline Blue Air
Three investors have reached the qualification stage to acquire Romanian low-cost airliner Blue Air, but only two of them have submitted final bids on Thursday, May 16.
IMF, Romania Seek Solutions For CFR Marfa Sale
The International Monetary Fund is discussing with Romanian authorities on the steps to be taken after none of the investors interested in state-owned freight railway carrier CFR Marfa prequ...
Altur 1Q Sales Down 13% On Year To RON28.7M
Romanian car parts maker Altur Slatina (ALT.RO) said Wednesday it registered sales of 28.7 million lei (EUR6.5 million) in the first quarter of 2013, down 13% from RON33 million in the simil...
Romania To Resume Auction Prequalification Procedure For CFR Marfa Privatization
None of the three investors interested in Romanian state-owned freight railway carrier CFR Marfa prequalified for an auction to sell a majority stake in the company, and prequalification pro...
Astra To Insure Posta Romana’s Car Fleet
Romanian insurance company Astra will insure the 607 vehicles state-run postal service operator Posta Romana will buy following an auction.
Elektrobit Opens R&D Center In Brasov
Finnish software company Elektrobit has opened its first research and development center in Romania following a EUR0.8 million investment.
Cargus To Invest EUR4M This Year, Of Which EUR3.2M To Renew Vehicle Fleet
Domestic courier company Cargus International will invest EUR4 million this year, of which EUR3.2 million will go into renewing its car fleet, and has launched a new logo, which will adorn a...
Compa Sibiu Sales Down 15% In 1Q, To RON117M
Sales of Romanian car parts manufacturer Compa Sibiu (CMP.RO) declined 15% in the first quarter, to 117.7 million lei (EUR26.8 million), following a global decline in car manufacturing and s...