Automotive
Altur Slatina Sees Four-Fold Rise In 2012 Pretax Profit
Romanian car parts maker Altur Slatina (ALT.RO) estimates a pretax profit of 2 million lei (EUR0.46 million) in 2012, fourfold higher on the year, according to the company’s revenue and expe...
Nearly Half Of Romania’s Public Roads Are Obsolete
Nearly half of Romania’s public roads upgraded or lightly paved, as distinguished from stone-covered roads or dirt roads, have become obsolete, Romania’s statistics institute INS said in a p...
Turbomecanica 1Q Loss Widens To RON3M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) Friday said its loss widened 43% to 3 million lei (EUR0.69 million) in the first quarter, from RON2.1 million in the year-earli...
Socep Sees 2012 Revenue Down 18% To RON53M
Romanian harbor operator Socep Constanta (SOCP.RO) estimates revenues of 53 million lei (EUR12.1 million) in 2012, down 18.4% on the year, and a gross profit of RON2 million, from RON8.58 mi...
Romanian Railway Admin Signs EUR183.5M Contracts For Infrastructure Projects
Romanian railway administrator CFR on Thursday signed nine contracts, worth a total EUR183.5 million and financed from European funds, for infrastructure upgrade projects.
OMV Petrom To Change Names Of Its Fuels
Romania's gas company OMV Petrom (SNP.RO) on Tuesday will change the names of its gasoline and diesel oil, the company said in a press release Thursday.
Automobile Dacia 2011 Net Profit Falls 8% To RON275M
Romania’s Automobile Dacia, the local unit of French carmaker Renault, Thursday said its net profit slid 8% on the year to 275.1 million lei (EUR62.87 million) in 2011, due to higher costs.
Ilie Carabulea Sentenced To 1 And A Half Years In Prison
Romanian businessman Ilie Carabulea was sentenced Thursday to one and a half years in prison for bribing a prosecutor. The prosecutor, Florin Apostu, was sentenced to five years in prison.
UAMT Oradea Eyes 16% Higher Profit In 2012
Romanian car parts maker UAMT Oradea (UAM.RO) estimates its net profit will rise 16.2% to 630,000 lei (roughly EUR144,000) in 2012, fueled by a 14.7% increase in sales.