Automotive
Frauds Involving Voluntary Car Insurance To Cause Nearly EUR100M In Loss To Insurers In 2012
Insurance companies in Romania will register losses estimated at EUR100 million in 2012 as a result of fraudulent damage claims on the segment of voluntary car insurance CASCO, Maria Boghian...
Tarom’s Recently Selected CEO Doesn’t Accept Contract Terms, Has Until Monday To Decide - Sources
Heinrich Vystoupil, recently selected to fill the position of chief executive officer of Romanian state-owned airline Tarom, does not accept the terms included in his contract and has until...
Romanian Consortium To Build 8.7-Km Section Of Transylvania Highway For EUR57M
A consortium made up of constructors Spedition UMB and Tehnostrade has won an auction to design and construct an 8.7-kilometer section of the Transylvania Highway, national roads authority C...
EC Pre-suspends Payments For Three Romanian EU-Funded Programs Worth EUR10.5B
The European Commission on Thursday informed Romanian authorities about its decision to pre-suspend payment for three Romanian EU-funded programs, for transport, regional development and eco...
LeasePlan Romania 9-Month Turnover Up 30% On Year To EUR28.5M
Car leasing company LeasePlan Romania reported a turnover of EUR28.5 million in the first nine months of 2012, up 30% on the year, and invested EUR37 million in the purchase of vehicles, the...
Bomb Scare At Otopeni Airport, Outbound Plane Kept On The Ground
A plane scheduled to leave for Kiev, Ukraine, was kept on the ground at the Otopeni International Airport Wednesday afternoon following a bomb threat.
Bosch Starts Hiring Staff At Its New Romanian Plant
German conglomerate Bosch on Wednesday said it started hiring employees at its new plant in Cluj-Napoca, northwestern Romania, which will produce electronic control units for the automotive...
Romania Opens 9.5 Km Section Of Timisoara-Lugoj Highway
A first section of the Timisoara-Lugoj highway in western Romania, of 9.5 kilometers, was opened to traffic Tuesday, as works were finished six months in advance.
BMW VP: Low Wages In Romania Lead To Lower Productivity
Automotive component manufacturers in Romania have no problems with the product quality but with productivity, says Franz Linner, BMW Group vice-president purchasing, production and technolo...