Automotive
CFR Calatori Sees 2013 Loss Widening To RON427M
Romanian state-owned passenger railway carrier CFR Calatori estimates a loss of 427.2 million lei (EUR96.8 million) this year, much wider than the loss expected for 2012, of RON296 million.
Ford Craiova Makes One Car Per Minute
Production at Ford’s plant in Craiova returned to growth in March, with the pace climbing to one car per minute, according to company officials. This is the same production pace as that of D...
Romstrade Logistic Expres Sells Two Saab Aircrafts To Guatemala-Based Firm For $1.1M
Romanian insolvent air transport company Romstrade Logistic Expres is selling two Saab 340A aircrafts to a Guatemala-based firm for some $1.1 million, said Rudolf Vizental, managing partner...
Ponta Says One Of Germany’s Largest Carmakers Will Open A Plant In Romania
Romanian Prime Minister Victor Ponta said one of Germany’s largest carmakers will open a plant in Romania.
CFR Eyes RON50M Extra Revenue By Capitalizing On Assets, Scrap Metal
Romania’s state-owned railway company CFR on Friday said it plans to obtain extra revenue of over 50 million lei (EUR11.3 million) this year by capitalizing on its assets and selling scrap m...
ArcelorMittal Hunedoara 2012 Loss Almost Doubles To RON37.6M
Romanian steelmaker ArcelorMittal Hunedoara (SIDG.RO) Thursday said its loss nearly doubled on the year to 37.6 million lei (EUR8.4 million) in 2012, hurt by lower prices and unfavorable mar...
Privatization Announcement For CFR Marfa To By Published In Early-April - Minister
The Romanian Transport Ministry will publish the privatization announcement for state-owned freight railway carrier CFR Marfa on 6 or 8 April, the head of the ministry said Thursday.
CFR Calatori Has New Management
Romania’s Transport Ministry has appointed Valentin Dorobantu as chief executive officer of passenger railway carrier CFR Calatori following a private manager selection process.
Tarom's Managers Forecast Narrower Loss In 2013
The management of Romanian state-owned airline Tarom forecast a loss of 143 million lei (EUR32.3 million) in 2013, narrower than the previous estimate of RON186 million included in the compa...