Automotive
Artego Revenues Fell Over 10% In 1Q, To RON47.8M
Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) said its first-quarter revenues dropped by 10.5% on the year to 47.8 million lei (EUR11.03 million), from RON53.4 million in the year-e...
Which Companies Will Make It To The Shortlist To Buy CFR Marfa?
The Transport Ministry will on Wednesday have the shortlist of companies that remain in the race for buying the majority stake in state-run CFR Marfa, the largest railway freight transporter...
Prysmian Slatina Opens First Fiber Optic Cable Production Unit
Prysmian Slatina has opened Tuesday the first unit for the production of fiber optic cables, following an investment evaluated at EUR10-EUR15 million.
Romania To Upgrade Railway Section For EUR290M
The railway section between Vintu de Jos and Simeria, central Romania, will be upgraded based on a contract worth 1.255 billion lei, VAT not included, (EUR290.6 million).
Government’s Failure To Get EU Funds Causes 14% Drop In Infrastructure Construction
Ponta Government claims it made investments in infrastructure using EU funds a priority but statistics show otherwise. Zero SOP-T infrastructure funds in the first quarter, 30% drop in payme...
First McLaren To Be Registered In Romania Costs EUR240,000
A McLaren, an Aston Martin, and two Ferraris were registered on the Romanian market in April, with a total price of almost EUR1 million.
UAMT Oradea Revenues Up 27% in 1Q, To RON33M
Revenues of Romanian car parts maker UAMT Oradea (UAM.RO) increased 27.4% in the first quarter, from RON25.9 million to RON33 million, and its net profit increased from RON169,000 to RON3.3...
Compa Sibiu Joins Big League, Makes Parts For Mercedes
Car parts maker Compa Sibiu (CMP.RO), controlled by its shareholders, has recently managed to attract Daimler as a client, for whom it makes pinions for Mercedes cars.
Volvo: Truck Sales Low Because Of Failure To Absorb EU Funds
Romania needs to follow in Poland’s footsteps and attract as much in EU funding as possible for its economy and truck market to grow.