Automotive
Bucharest's Transport Authority To Be Financed With Public Money, Transfer Revenues To State Budget
Bucharest's Metropolitan Transport Authority (AMTB) will transfer to the state budget its revenues from technical assistance, authorization and consulting services, and will be financed enti...
GEFCO Romania Expects 20% Higher Deliveries On Appliances Segment
Transport and logistics company GEFCO Romania expects deliveries of household appliances to increase by 20% this year, from EUR3.5 million in 2011 to EUR4.2 million.
South Korea’s Hyosung Plans $150M Tire And Airbag Plant In Romania
South Korea-based Hyosung Corporation plans to invest nearly $150 million in the construction of a tire and airbag factory in Romania, Romania’s Economy Ministry said Wednesday.
Appetite For Luxury Cars Returns
The luxury car market overshot the EUR6.5 million mark in the first four months of the year, according to a ZF analysis based on the top of the line models of the most exclusive cars registe...
Ups And Downs On Auto Market: Growth For Expensive Brands And Trucks, Decline For Volume Brands
Seventeen auto brands out of 44 sold in Romania posted higher sales in the first four months of the year compared with the year-ago period, according to a ZF analysis based on the data provi...
Basescu: Tarom Direct Flights To USA Unlikely
Romanian President Traian Basescu said Saturday, in Chicago, during a meeting with Romanians living in the USA, that it is unlikely that Tarom will resume flights to the US, since they cause...
Transport Minister: Work On Transylvania Highway To Move Ahead
Work on the Transylvania Highway will continue in Bihor county after the Transport Ministry will pay US constructor Bechtel 98 million lei (EUR22 million), minister Ovidiu Silaghi announced...
Dacia To Launch Models Dokker And Dokker Van In 2012
Romanian carmaker Dacia said Thursday it will launch two new car models, five-seat car Dokker and commercial vehicle Dokker VAN, in the second half of the year.
Porsche Finance Group Issued Funding Worth EUR33M In 1Q 2012
Porsche Finance Group on Thursday announced it had granted funding worth a total EUR33 million in the first three months of the year, up 27% on the same interval of 2011.