Automotive
Wizz Air Introduces Bucharest-Kiev Flights This Summer
Low-cost airline Wizz Air said Thursday it will introduce direct flights on the Bucharest-Kiev route this summer.
Dacia Sees Highest Car Registration Increase In France In Jan-April, Of 23%
Romanian carmaker Dacia’s new car registrations in France increased 23% in the first four months of 2013 to 30,352 units, while the overall French market shrank 12.3% to 591,741 units, accor...
Compa Sibiu Expects 8% Lower Revenue In 2013, To RON476M
Romanian car parts manufacturer Compa Sibiu (CMP.RO) estimates 8% lower revenue to 476 million lei (EUR110 million) this year, from RON519.2 million in 2012, and lower net profit to RON19.3...
CNADNR Wants To Build Three Ring-Roads For EUR275M
Romania’s national roads authority CNADNR wants to contract services to construct three by-pass roads and the total value of the projects is estimated at about EUR275 million, VAT included.
Altur Slatina Expects Pretax Profit To Fall 47% In 2013
Romanian car parts maker Altur Slatina (ALT.RO) expects annual pretax profit to dive 47% to 2.86 million lei (EUR0.66 million), according to the company’s revenue and expenditure budget rele...
Deva-Sibiu Highway Delayed Until 2014
The 115-kilometer long Deva-Sibiu (central Romania) highway will be completed as late as next year, even though its five sections should have been done by April and May 2013, according to th...
TRW Automotive Opens New Steering Wheel Facility In Romania
U.S. car parts manufacturer TRW Automotive Holdings Corp. has recently opened a new steering wheel leather wrapping plant in the northern Romanian city of Baia Mare, the company said in a st...
Businessman Nelu Iordache Indicted In EU Fund Embezzlement Case
Romanian prosecutors on Monday indicted businessman Nelu Iordache, owner of construction company Romstrade, for the misappropriation of funds allotted for the construction of the Arad-Nadlac...
Indian Group Tata Buys U.S. Cambric, With EUR5M Business In Romania
Tata Technologies, a division of Indian group Tata Motors, has bought U.S.-based engineering firm Cambric Corp., which has three development centers in Romania with turnovers of EUR5 million...