Automotive
Privatization Announcement For CFR Marfa To Be Published Friday
Romanian Prime Minister Victor Ponta on Wednesday said the privatization announcement for state-owned freight railway carrier CFR Marfa will be published Friday, April 5.
Autoliv Invests EUR25M To Expand Production Capacity
Automotive safety systems manufacturer Autoliv Romania, the local subsidiary of Sweden’s Autoliv, plans to invest more than EUR25 million to expand production capacity this year.
Abris Capital Partners Concludes Acquisition Of Delivery Firm Cargus
Private equity fund Abris Capital Partners Tuesday said it completed the takeover of Romanian parcel delivery company Cargus International from Deutsche Post DHL.
CFR Calatori Wants To Contract RON19M Loan For Working Capital
Romanian state-owned passenger railway carrier CFR Calatori on Tuesday said it plans to contract a credit line of 19 million lei (EUR4.4 million) to finance its working capital.
Dacia Sees Highest Car Registration Increase In France In 1Q, Of 24.5%
Romanian carmaker Dacia’s new car registrations in France surged to 22,598 units in the first quarter of 2013, up 24.5% compared with the similar interval a year ago, according to the French...
Michael Grewe Steps Down As Mercedes-Benz CEO After Seven Years
German Michael Grewe, one of the longest-standing executives in the car industry, will as of June 1 step down as CEO and president of Mercedes-Benz Romania, an annual business of around EUR1...
Price Of Gasoline Up 5% And Diesel Oil Price Up 4% In 1Q
In the first quarter of the year major fuel distributors boosted pump prices, although estimates made by oil companies at the beginning of 2013 showed that consumption was expected to stay f...
BRD Sogelease Granted Financing Of EUR92M In 2012, Up 11% On Year
BRD Sogelease, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale, said Monday it granted financing of EUR92 million in 2012, up 11% on the year, and signed 1,890 new co...
Aeroteh To Pay Out Gross Dividend Of RON2.1/Share From 2012 Profit
Romanian aircraft parts producer Aeroteh Bucharest (AER.RO) will pay out its shareholders a gross dividend of 2.1 lei (EUR0.475) a share from the 2012 net profit, 23% higher on the year, the...