Automotive
Transport Ministry OKs EU-Funded Intermodal Transport Project At Cluj Airport
Romanian Transport Minister said Tuesday it approved a EUR2 million EU-funded project to develop an intermodal transport system at the Cluj Napoca International Airport, northwestern Romania...
Deloitte-led Consortium To Advise On CFR Marfa's Sale
Romanian Transport Ministry has selected a consortium comprising US consultancy firm Deloitte, Musat&Asociatii and France’s Systra to advise on the sale of state-run freight rail company CFR...
Antitrust Body Sets Off Three Auction Rigging Probes
Romania’s Competition Council has set off inquiries into a potential conspiracy between several companies to rig bids at three auctions organized by Teleorman and Ilfov county councils and t...
Radacini Group Buys Auto Center In Galati
The Radacini group, controlled by businessman Ali Madadi, at the beginning of this month took over the former Opel and Chevrolet auto center from Gold&Platin, buying it directly from Credit...
Dacia Aims For Petrom’s Top Spot
Austria’s OMV-held Petrom might see lower revenue than Automobile Dacia this year for the first time in its history, according to ZF’s estimates.
Transport Ministry To Spend RON25M On Expropriations For Subway Line IV
Romania's Transport Ministry will pay around 25.06 million lei (EUR5.733 million) as compensation for the expropriation of several plots making up an area of about 42 hectares, necessary for...
Bode: Romania, IMF To Revisit List Of Companies Up For Privatization
Romania and the International Monetary Fund will hold a new round of talks regarding the state companies proposed for privatization or listing on the Bucharest Stock Exchange, Economy Minist...
FOCUS: Lack Of Investments, Faulty Management Push CFR SA In Financial Hardship
Romanian railway administrator CFR SA amassed debts of 4 billion lei (about EUR900 million) to the state budget due to inadequate financing, lack of investments and malfunctioning management...
FAN Courier's Sales Up 17% To EUR51.5M In 2011
Romanian courier services provider FAN Courier posted turnover of EUR51.5 million in 2011, 17% higher than the EUR44 million in 2010.