Automotive
Suceava, Romania To Upgrade 12 Streets For EUR8.3M
The city of Suceava, northern Romania, will rehabilitate 12 streets and two bridges through a EUR8.3 million project funded through the Regional Operations Program (ROP), mayor Ion Lungu ann...
Second Run Of 2012 Clunkers Program Starts Wednesday
The second stage of Romania’s 2012 cash-for-clunkers program targeting individuals will be launched Wednesday, and has been allotted 57 million lei (EUR12.5 million), enough to scrap 15,000...
Metrorex To Hike Fares Up To 50% Saturday
Bucharest subway operator Metrorex will increase its fares Saturday and the highest price increase, of 50%, will be applied to ten-trip cards, which will cost 15 lei (EUR3.2).
UCM Resita 1H Loss Narrows 83% On Year
Romanian engine manufacturer UCM Resita (UCM.RO) Friday said its net loss narrowed 83% to 4.1 million lei (EUR0.93 million) in the first half, from RON24 million in the year-earlier period.
Romanians Would Rather Pay EUR20,000 Hands Down For A Mercedes ML Than Invest On Stock Exchange
Entrepreneur Octavian Badescu, who at 36 owns several businesses and has a portfolio of several hundred thousand euros on the Romanian and US stock exchanges, says Romanians tend to avoid th...
Dacia Registrations In France Double In July, But Down 4% In First 7 Months
Dacia car registrations in France posted the highest increase in July, 99.5%, up to 9,128 units, but fell by 3.8% in the first seven months, to 50,307 units, on a market also in decline.
OMV Petrom Ups Pump Prices By RON0.09/Liter
Romania's largest oil company OMV Petrom (SNP.RO) on Tuesday raised pump prices for gasoline and diesel oil by 0.09 lei (EUR0.0197) per liter, the third increase in July.
Clunker Program Shows Signs Of Rebound, Foreign Car Dealers Don’t Feel It Yet
The number cars sold through the ‘Rabla’ clunkers program reached 8,000 at the end of last week, from 1,100 in mid May, according to the Environment Fund Administration. This is nothing for...
Metrorex Replaces General Manager
Gheorghe Udriste has been replaced from the position of general manager of Bucharest subway operator Metrorex and will serve as investment and public procurement manager within the company.