Automotive
Only Three Car Brands Beat 2007 Sales Volumes
Only three of the 45 car brands officially sold in Romania posted higher sales in the first ten months of this year compared with the same time of 2007. Ten brands, on the other hand, saw th...
Romanians Buy Luxury Cars Worth EUR110M In First Ten Months
The number of luxury cars registered in the first ten months of this year doubled compared with the similar period a year ago, to more than 900 cars worth almost EUR110 million in cumulated...
Mechel Halts Production In Romania, Ukraine Over Weak Demand
Russia’s steel giant Mechel Friday said it has decided to temporarily halt production at its steelmaking facilities in Romania and Ukraine due to weak market demand.
Insurance Regulator Wants RCA Premiums To Cover Both Risks, Profit Margin
Romanian insurance companies will rethink mandatory car insurance policy (RCA) premiums to make sure that revenues estimated for an interval of 12 months will cover both risks and insurers'...
BNR Buys 5 Cars For EUR680,000
Romania’s central bank has bought five cars from UniCredit Leasing Fleet Management via an operating leasing contract worth 3.1 million lei (EUR680,000), net of VAT.
CFR Calatori Wants To Borrow RON100M For Loan Refinancing, Working Capital
Romanian state-owned passenger railway carrier CFR Calatori on Friday said it plans to contract a credit line of 100 million lei (EUR22 million) which will be used to refinance its old loans...
CNADNR Terminates Contract To Build Nadlac-Arad Highway Section
Romania’s national roads authority CNADNR said Thursday it terminated a contract to construct the first section of the Nadlac-Arad highway, arguing that the consortium selected to build the...
Comvex 9-Month Turnover Double On Year, To RON78M
Romanian harbor operator Comvex Constanta (CMVX.RO) Wednesday said its turnover doubled to 78 million lei (EUR17.6 million) in the first nine months of 2012, from RON37.81 million in the yea...
Romania Supports Pirelli's EUR105M Investment With EUR35M Aid
The Romanian government will give Italian tire maker Pirelli EUR35 million in state aid so it can expand its local production line in Slatina, where the company plans to invest EUR105 millio...