Automotive
Romania Takes Steps To Enrich CFR Marfa Ahead Of Sale Through Debt-For-Stock Swap
Romanian state-owned freight railway carrier CFR Marfa will take over a 606 million lei (EUR137 million) debt CFR Infrastructura has to the state budget in exchange for writing off a part of...
Minister: EU To Fund Works On Bucharest’s Fourth And Fifth Subway Mainlines
Romanian Transport Minister Relu Fenechiu on Friday said the European Commission would finance works for the extension of Bucharest's fourth subway mainline linking Parc Bazilescu to Straule...
Transport Minister Says Eight Key Companies Interested In CFR Marfa
Romanian Transport Minister Relu Fenechiu said eight key companies have showed interest in state-owned freight railway carrier CFR Marfa so far.
Romania Sets RON800M Minimum Bid Price For CFR Marfa Sale
Romania’s Transport Ministry has set a minimum bid price of 798.05 million lei (EUR180.2 million) for freight rail company CFR Marfa, one of the several state-run companies the government ha...
Romania Turns To Americans And Israelis To Stop Rail Thefts
Dimitrios Sophocleous, general manager of Romania’s state-owned railway administrator CFR SA, said he will talk to officials of the American and Israel embassies in order to find ways to put...
Average Wage At Renault’s Plant In Morocco 50% Lower Than That At Dacia
The average net wage at Renault’s plant in Tangier (Morocco) is 50% lower than that at its Romanian plant in Mioveni, French group representatives said Thursday.
Car Battery Maker Rombat Completes EUR17M Investment In New Production Unit
Romanian car battery maker Rombat Bistrita, owned by South African group Metair, has completed a EUR17 million investment in a new production unit, the company said in a statement Thursday.
Dacia Car Registrations In Germany Down 2.3% In 1Q, To 673,957 Units
Registrations of new Dacia cars in Germany fell 2.3% to 9,974 units on the year in the first quarter of 2013, while the German car market shrank 12.9% to 673,957 units, German car registrati...
Tarom Wants To Insure Fleet For $2.4M
Romanian state-owned airline Tarom wants to insure its fleet for some $2.4 million, according to a notice of intent issued by the company.