Automotive
Bucharest Beltway Runs Out Of Cash
The Bucharest beltway, which should have been the main commercial route of the economic operators doing business in Bucharest, got only EUR3 million after the 2012 budget revision. That happ...
Romaero 1H Revenue At RON49.1M, Up 12% On Year
Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) reported 11.8% higher revenue in the first half of 2012, at 49.1 million lei (EUR11 million), from RON43.9 milli...
Iraq Highway Contract Gives Slight Boost To Delta ACM Revenue, Profit Down
Florea Diaconu, the businessman who owns Bucharest-based construction company Delta ACM 93, expects revenue to increase slightly this year, mainly because of a contract to build a highway in...
Romania To Award Contract For Road Upgrades, Worth RON90M
Romania’s national roads authority CNADNR wants to upgrade a 66.7 km section of national road DN55 in Dolj county, through a contract worth an estimated 90.7 million lei (EUR20.3 million), V...
Bechtel Deal Engulfed EUR1.4B For 52 Kilometers Of Highway
Romania’s road authority CNADNR continues to make past due payments into the accounts of Bechtel, even though construction works on the only highway section Bechtel is building, Suplacu de B...
Transport Ministry Budget Cut By RON1.25B
The budget of the Romanian Transport Ministry was reduced by 1.25 billion lei (EUR279.9 million) to RON13.42 billion, in the budget revision approved last week by the Government.
How Low Can The Price Of Highways Go?
The latest tenders for the construction of 107 kilometers of highway, which attracted bids from 95 consortia of Romanian and foreign companies, brings up the question of how low can the cost...
Ford Romania's Production Goes From 50 To 200 Cars A Day
The daily production pace of Ford Romania’s plant in Craiova has accelerated this month from 50 cars in July to 200 in August, and is set to reach 500 cars a day in September, says Karsten F...
Romania’s Leading Transport Company edy Spedition Files For Insolvency
edy International Spedition, the leading transport company on the Romanian market, has filed for insolvency earlier this month, according to a Hunedoara court.