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CFR Posts RON120M Profit In First Half
Automotive

CFR Posts RON120M Profit In First Half

Romanian state-owned railway administrator CFR SA reported profit of RON120.7 million (EUR26.9 million) in the first half of 2012, compared with losses of RON229 million in the first six mon...

Radu Bostan · 23.08.2012 · 17:14 · 1 min
Romania To Appoint Private Managers At Key State-Owned Companies By Yearend
HR

Romania To Appoint Private Managers At Key State-Owned Companies By Yearend

Romania’s Government and the International Monetary Fund have set new deadlines to appoint private managers at multiple state-owned companies, such as gas producer Romgaz, natural gas transp...

Ioana Tudor · 23.08.2012 · 13:23 · 2 min
ANAF May Take Over Property Tax Collection
Social/Politics

ANAF May Take Over Property Tax Collection

Romania’s tax authority ANAF may be in charge with collecting property taxes, after the Government changed in July the formula used to compute these taxes based on the property use, not the...

Manuela Panescu · 23.08.2012 · 12:53 · 1 min
CNADNR Receives 50 Bids For Construction Of Three Sections Of Lugoj-Deva Highway
Automotive

CNADNR Receives 50 Bids For Construction Of Three Sections Of Lugoj-Deva Highway

Romania’s national roads authority CNADNR received 50 bids from Romanian and foreign constructors to build three sections of the Lugoj-Deva highway.

Ioana Tudor · 23.08.2012 · 12:02 · 2 min
Romania Scrapped Over 31,000 Used Cars Within Cash-For-Clunkers Program Since April
Automotive

Romania Scrapped Over 31,000 Used Cars Within Cash-For-Clunkers Program Since April

Over 31,000 used cars were scrapped through Romania’s government-backed cash-for-clunkers program between April 3 and August 21, the Environment Ministry said Wednesday.

Ioana Tudor · 22.08.2012 · 14:51 · 1 min
Vehicle Production Down 4% In First Seven Months
Automotive

Vehicle Production Down 4% In First Seven Months

Vehicle production fell by over 4% in the first seven months year-on-year to almost 192,700 units, according to the statistics of the Association of Car Manufacturers and Importers (APIA).

Tudor Ioana Raluca · 22.08.2012 · 12:01 · 1 min
Road Authority Gets 23 Bids For Construction Of Two Highway Sections
Automotive

Road Authority Gets 23 Bids For Construction Of Two Highway Sections

Romania's public roads authority CNADNR has received 23 bids from companies and consortia in Romania and from abroad for the construction of two sections of the Timisoara-Lugoj highway and t...

Ecaterina Craciun · 22.08.2012 · 10:22 · 2 min
Wizz Air Moves To Cluj-Napoca While Targu Mures Airport Is In Maintenance
Automotive

Wizz Air Moves To Cluj-Napoca While Targu Mures Airport Is In Maintenance

Low-cost airline Wizz Air will move its operations to the Cluj-Napoca International Airport between August 30 and September 5, during which time Targu Mures airport will be closed for mainte...

Radu Bostan · 21.08.2012 · 14:28 · 1 min
Automotive

ATP Exodus To Invest EUR25M In Auto Center In Oradea

Car dealer ATP Exodus said Tuesday it will invest EUR2.5 million in an auto center for the Mercedes-Benz and Mazda brands in Oradea, northwestern Romania.

Ioana Tudor · 21.08.2012 · 14:16 · 1 min