Automotive
Minister: Works On Brasov Beltway To Be Completed Next Spring
Construction works on the Brasov beltway will start this month and will be finished in the spring of 2013, Transport Minister Alexandru Nazare said Saturday.
Government Wants To Convert CFR’s EUR900M Debt Into Shares
The debts of Romanian state-owned railway operator CFR SA to the state budget and the risk fund, amounting to 3.99 billion lei (about EUR917 million) at the end of 2011, will be written off...
Ford To Pay Penalties For Breaching Romanian Plant Output Commitments
The number of cars Ford will produce at its plant in Romania will be “significantly” lower compared with that stated in a deal signed with Romanian authorities, and the U.S. carmaker will pa...
Tarom Launches Two New Outbound Summer Flights
Romanian state-run airline Tarom will launch two new weekly summer flights, from Bucharest to Nice and Dubrovnik, and will withdraw flights between Cluj Napoca (NW Romania) and Frankfurt, th...
CFR Wants To Award Consulting Contracts For Railway Section Upgrade
Romanian railway operator CFR will organize two auctions to award consulting contracts for the rehabilitation of three railway sections in western and central Romania.
Tarom Has Two Weeks To Renegotiate 2002 Handling Contract
Romanian Transport Minister Alexandru Nazare on Thursday asked state-run airline Tarom to renegotiate in two weeks a loss-generating handling contract signed in 2002 with firm Globe Ground R...
CNADNR Awards RON2M Contract For Technical Assistance On Bridge Upgrades
Romania’s roads authority CNADNR signed a contract of 2.07 million lei (about EUR475,000), VAT not included, with the association of companies Expert Proiect 2002/Betarmex which will provide...
Leaseplan Romania To Supply 445 Vehicles To E.ON Moldova For EUR9.5M
Leasing firm LeasePlan Romania will provide 445 vehicles to electricity supplier E.ON Moldova Distributie for 41.43 million lei (EUR9.54 million), VAT excluded.
Leasing Market Rebounded To EUR1.3B In 2011
The Romanian leasing market rose 15% last year, when new financing hit EUR1.3 billion, but it was still significantly down from the almost EUR5 billion peak registered in 2007-2008, accordin...