Automotive
One Highway Construction Site Advances 32% In A Month, Another Just 0.5%
Romania’s highway construction sites progressed very differently in May: while the Suplacu de Barcau – Bors section, built by U.S. Bechtel, advanced by just 0.5%, progress on the Cernavoda-M...
Cement Producers See Profit Margins Down, Business Slightly Up
The three large cement producers on the Romanian market remained profitable last year, but profit margins were down. Whereas they would exceed 30% in previous years, in 2011 they shrank to n...
New Owners Of Rail Car Producer Astra Will Invest EUR10M In Upgrades In First Year
German investor Thomas Manns, who has bought Romanian railroad car manufacturers Astra Vagoane Marfa, Meva and Romvag, will invest up to EUR10 million in upgrades in the first year and will...
Cernavoda-Medgidia Highway Section To Be Inaugurated Next Week
The Cernavoda - Medgidia section of the highway linking Cernavoda to Constanta (southern Romania) will be inaugurated next week, on July 19, national roads authority CNADNR said Thursday.
Dacia’s 1H Worldwide Car Sales Up 2.5% To Over 181,000 Units
Romanian carmaker Automobile Dacia, owned by French group Renault, sold 181,280 vehicles worldwide in the first half of 2012, up 2.5% on the year, an increase which limited the decline of Re...
Astaldi-Led Consortium To Extend Bucharest’s Subway Mainline 4 For RON714.73M
Bucharest subway operator Metrorex and a consortium led by Italian constructor Astaldi on Thursday signed a contract worth 714.73 million lei (EUR158 million), VAT excluded, to extend the ci...
New Car Registrations Rise 5% To 33,343 Units In First Half
Romanian new car registrations rose 5% on the year to 33,343 units in the first half, from 31,758 units in the year-earlier period, Interior Ministry data showed Wednesday.
IFC Acquires 10% In Romania Transport Trade Services For EUR12M
The International Finance Corporation (IFC), member of the World Bank Group, is acquiring 10% of the share capital of Romanian Transport Trade Services (TTS) for EUR12 million, which will be...
Porsche Finance Group Romania Has New CEO As Of August
Porsche Finance Group Romania on Wednesday announced it has appointed Christoph Binder as chief executive officer, replacing Alexander Nekolar who was appointed member in Porsche Bank AG Sal...