Automotive
Road Authority Signs RON190M Contract For Bucharest Bypass Upgrade
Romania's public roads authority CNADNR on Monday signed a contract of 188.98 million lei (EUR42.052 million), VAT not included, with the consortium Tehnologica Radion - Consitrans - PRO Con...
Navrom Galati May Hike Share Capital By RON15M, To RON45M
Romanian river navigation company Navrom Galati (COVG.RO) aims to hike its share capital by 14.97 million lei (EUR3.3 million), to RON44.93 million, through stockholders’ cash inflow.
One In Five Car Dealerships Went Bankrupt In Past Four Years
Almost a fifth of the 400 dealers present on the Romanian market in 2008 have closed down shop in the past four years, according to estimates in the sector, and pressure continues considerin...
Underground Parking Lot For 400 Cars In Central Bucharest Ready In A Month
Work is close to completion on the over 400-space underground parking lot in Bucharest’s central Piata Universitatii area, with engineers and workers on the project’s construction site on Su...
Romanian Vehicle Market Shrinks Towards 12-Year Low
Vehicle sales shrank by 20% against the first seven months of last year in volume, to 50,000 units, according to data of the Automotive Manufacturers and Importers Association (APIA).
EU Approves EUR 210.9M Co-Financing For Romanian Roads
The European Commission has approved non-reimbursable financing of EUR210.9 million to Romania for the construction of the Timisoara-Lugoj highway in the western part of the country and a ro...
CFR Calatori 1H Online Ticket Sales Almost Fourfold Higher, To RON2.7M
Online sales of Romanian state-run railway passenger carrier CFR Calatori rose to 2.68 million lei (EUR597,000) in the first half of 2011, from RON740,000 during the same period a year befor...
CSA: Euroins, Carpatica Asig And Astra Cumulate 60% of 2011 Complaints
Romania’s insurance regulator CSA received a total of 7,570 complaints in 2011 against services provided by insurers and brokers, down 0.15% on the year, most of them targeting the auto indu...
Major Logistics Operators Make EUR500M Turnover, Up 19%
2011 was a year of rebound for companies on the logistics market, considering that 13 of the 16 largest companies on this market recorded higher turnovers, with cumulated turnovers of EUR496...