Automotive
Roads Authority Spent EUR4B On Highways In Six Years, Enough For 800 Km
The roads authority has had over EUR4.1 billion available between 2007 and 2012 for building highways and a further EUR3.6 billion to rehabilitate national roads. During the same period, Rom...
Tarom Aims To Cut Loss By 30%, Boost Turnover In 2013 - Chairman
Dan Pascariu, chairman of the Board at Romanian state-owned airline Tarom, said Wednesday the company’s target is to cut losses by 30% in the coming year and increase turnover.
CFR And Belgian Company To Set Up Firm To Upgrade Bucharest Railway Infrastructure
Romania’s state-owned railway company CFR Infrastructura and Belgian company Euro Station will set up a firm to upgrade and extend Bucharest’s railway infrastructure, including the Bucharest...
Dacia To Launch New Logan November 13
Romanian carmaker Automobile Dacia, owned by French group Renault, will launch November 13 its second-generation Logan on the local market.
Renault, Dacia Car Registrations In Germany Down 4.9% In January-October
Registrations of new Renault and Dacia cars in Germany dropped 4.9% to 127,011 units in the first ten months of the year, while the German car market shrank 1.6% to 2.6 million units, accord...
Aerostar Bacau 9-Month Turnover Up 33% On Year, To RON134M
Romanian plane construction and repair firm Aerostar Bacau (ARS.RO) on Monday reported a 33% increase in turnover to 134 million lei (EUR29.6 million) in the first nine months of 2012, compa...
Romania Secures Legal Assistance To Carry Out EU-Funded Transport Projects
Romania’s Transport Ministry selected law firms Bostina and Asociatii, Ratiu&Ratiu and Popovici Nitu&Asociatii to offer legal assistance in carrying out road and railway infrastructure proje...
Romania Becomes Small Market For Dacia
Romania has fallen to fifth place among the most important European Union markets for Dacia, according to a ZF analysis based on the car registrations on its biggest markets.
Foreign-Owned Insurers Cut Exposure To RCA Segment By One Third Since 2008
The six largest Romanian general insurance companies controlled by powerful European groups have reduced their market share on the mandatory car insurance segment RCA by one third over the p...