Automotive
Railroad Car King Cristi Burci Leaves Industry After Finally Finding Investor For His Factories
The deal whereby railroad car manufacturers Astra Vagoane Arad, Meva SA and Romvag Caracal were sold for EUR30 million comes after more than one year of negotiations and search for investors...
AVAS Finds Errors In Fortus Iasi Management By Liquidator CITR
Romanian Privatization Authority AVAS Monday said it found several irregularities in Fortus Iasi management by its liquidator Casa de Insolventa Transilvania, CITR, and plans to restructure...
Each Employee Of OMV Petrom Gas Brought Over EUR700,000 In Profit In 2011
Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable em...
Cluj Airport, First In Europe To Join Safety Program
Romania’s international airport in the northwestern town of Cluj-Napoca is the first in Europe to join Airport Excellence in Safety (APEX) program, the airport director David Ciceo said Frid...
How The New Head Of CFR Calatori Plans To Balance The Company Out
Despite having received state subsidies of EUR1.6 billion in the past five years, state-run passenger railway carrier CFR Calatori is still unable to cover its costs from ticket sales, while...
Renault, Dacia Car Registrations In Germany Down 4.4% In 1H
Registrations of Renault and Dacia automobiles in Germany dropped 4.4% in the first six months of the year, to 77,517 units, making up 4.7% of the market which grew by 0.7% to 1.634 million...
Government Fines Contractors For Delays To Bucharest-Ploiesti Highway Construction
Romania's Government will fine the contractors that are behind schedule on the construction of the Bucharest-Ploiesti highway and transfer the money to healthcare, to benefit people with inc...
CNADNR Awards RON150M Contract For Road Modernization In Gorj County
Romania's public roads authority CNADNR has awarded a contract worth 149.7 million lei (EUR33 million), for the rehabilitation of a 33 km segment of national road DN66, between Bumbesti-Jiu...
Transport Minister Dismisses Roads Authority Head
Romanian Transport Minister Ovidiu Silaghi has dismissed Mihail Basulescu from the position of head of national roads authority CNADNR, citing delays in the construction of the Bucharest-Plo...