Automotive
Tired Of Selling 5-10 Cars Per Month, Car Dealers Offer EUR3,000-EUR4,000 Discounts
On a market that lost 80% of its sales during the crisis, car dealers seek to attract clients with new offers that can match scrappage premiums, considering that this year’s clunkers scheme...
Transport Minister Targets EC Refunds Of EUR1B In 2012
Romanian Transport Minister Alexandru Nazare wants European Commission refunds to the Transport Ministry to exceed EUR1 billion this year.
Car Parts Heavyweights Begin Consolidation
They started to arrive in Romania in mid 2000s, drawn by Dacia, the cheap skilled labor and the advantage of export to Western markets. They built plants from the ground up and created an in...
How The Biggest Local Porsche Dealer Remained Profitable On A Market That Fell 80%
Dana Cortina, general manager of the local retail division of Porsche Holding, a EUR150-million business, says the rebound of the car market depends firstly on consumers regaining confidence...
Romstrade's Turnover Grew 30% In 2011
Romanian construction firm Romstrade, owned by Nelu Iordache, posted 30% higher turnover in 2011, from EUR134.4 million in 2010, and anticipates it will increase to EUR200 million this year.
Romania To Publish Procurement Notice For New Study On Comarnic-Brasov Highway In March
Romania's Transport Ministry will publish notices of intent in March for a revised feasibility study on the Comarnic-Brasov highway section, a project abandoned in 2010, and for the construc...
Cluj-Based Importer EVW Holding Makes EUR70M Selling DAF Trucks
EVW Holding based in Cluj (NW Romania), the importer of the DAF trucks in Romania, controlled by two entrepreneurs and Dutch EVW group posted 293 million lei (EUR67 million) sales in 2011, u...
Top Two Road Builders Got EUR400 Million From CNADNR In 2011
Dorinel Umbrarescu, who owns construction company Spedition UMB, and Nelu Iordache, who controls Romstrade, collected about EUR400 million from the national company in charge of Romania’s na...
Tarom To Organize Auction On March 8 To Insure Its Fleet
Romanian state-run airline Tarom will organize an auction on March 8 to insure its fleet, and the new insurance contract will be valid for one year, starting May 1.