Automotive
Businessman Nelu Iordache Arrested In EU Fund Embezzlement Case
Romanian businessman Nelu Iordache, owner of construction company Romstrade and low cost airline Blue Air, was placed under preventive arrest Sunday for the alleged embezzlement of 25 millio...
Antifraud Department: Businessman Nelu Iordache Embezzled EUR6M From EU Funds
A report by Romania’s antifraud department shows businessman Nelu Iordache embezzled EUR6 million from European Union funds via his construction firm Romstrade, as he used the money for vari...
EBRD Lends EUR175M To CFR To Improve Rail Infrastructure
The European Bank for Reconstruction and Development (EBRD) is extending a EUR175 million loan to Romania’s state-owned railway operator CFR to back reforms and improve rail infrastructure.
Romania To Inaugurate Two New Highway Sections Thursday
Italian-German consortium Astaldi - Max Boegl has finished works to build the last two sections of the highway linking Bucharest to Constanta, Romanian roads authority CNADNR said Wednesday.
CNADNR To Resume Auction To Build Highway Section
Romania’s national roads authority CNADNR might organize a new auction in January to construct the first section of the Nadlac-Arad highway, after it terminated the contract awarded to a Rom...
Competition Council: Romania Should Liberalize Car Part Market
Romania’s Competition Council recommends the liberalization of the car part production market, which would reduce prices, Bogdan Chiritoiu, president of the antitrust watchdog, said Wednesda...
Romania To Lend 2,000 Tons Of Fuel To CFR Calatori, Company Needs Ten Times More
The Romanian Government will take 2,000 tons of diesel fuel form the state reserve to supply state-owned passenger railway carrier CFR Calatori during the winter, while the Transport Ministr...
Insurers Paid Death, Injury Damages Of RON246M In Jan-Sept, Up 46% On Year
Romanian insurers paid damages of 246.65 million lei (EUR54.7 million) on the accidental death and injury segment in the first nine months of 2012, up 46% on the year, according to insurance...
CSA: Insurers Solely Responsible For Setting Mandatory Car Insurance Prices
Prices of premium on mandatory car insurance (RCA) are set exclusively by insurers, the Romanian insurance watchdog CSA said Tuesday.