Automotive
Romanian Industrialist Will Deliver Railroad Cars To Brazil In EUR100M Contract
Valer Blidar, one of the leading Romanian industrialists, who controls railway car producer Astra Vagoane Calatori and founder of Banca Comerciala Feroviara, has won a EUR100 million contrac...
Orsova Shipyard Sales Fall To RON55.8M In 2011
Romanian shipyard Santierul Naval Orsova (SNO.RO) Tuesday reported total sales of 55.8 million lei (EUR13 million) in 2011, down 19% from RON69.3 million a year earlier.
Bosch To Pay Compensation If It Breaches Contractual Terms For New Romania Investment
The contract to be soon signed by Romanian authorities with Germany’s Bosch includes conditions regarding the payment of compensation by the German investor if the plant it will build in Juc...
Compa Sibiu Posts RON17.2M Net Profit For 2011, Up 81% YY
Romanian car parts maker Compa Sibiu (CMP.RO) posted a net profit of 17.2 million lei (EUR3.95 million) for 2011, up 81% from RON9.51 million in the previous year, according to preliminary r...
CNADNR Asks Court Of Accounts To Look Into Road Upkeep Contracts
Romania’s national roads authority CNADNR on Tuesday said it asked the Court of Accounts to check the unfolding of all subsequent contracts concluded by the authority for the maintenance of...
UAMT Oradea 2011 Net Profit Rises 77% On Year
Romanian car parts maker UAMT Oradea (UAM.RO) Monday said its net profit rose 77% on the year to around 542,000 lei (EUR128,000) in 2011, fueled by higher sales.
Over 140 Trains Cancelled In Romania Sunday Afternoon Due To Heavy Snowfall
The Romanian national roads authority CNADNR said Sunday 142 trains have been cancelled and six railway lines in southern Romania have been closed due to heavy snowfall.
CFR Calatori To Rent Advertising Spaces To Increase Revenues
Romanian state-owned passenger railway carrier CFR Calatori will rent all available advertising spaces to increase its revenues by 6% this year.
CFR Has Until Yearend To Pay Debts Without Added Penalties
Romanian state-owned railway operators owe energy suppliers 1.2 billion lei (EUR275.6 million), and the Government allotted RON400 million at the end of 2011 to pay overdue bills, former Tra...