Automotive
EU Auto Market Declined 1.7% In 2011, Romania And Dacia Post Steeper Decline
New car registrations in the European Union were down 1.7% last year, to 13.1 million cars, while the Romanian market declined a sharp 13.6%, to 81,719 cars, and Romanian carmaker Dacia post...
Dacia Extends Jerome Olive’s Tenure Until May 2013
The tenure of Jerome Olive as general manager of Automobile Dacia, the largest Romanian carmaker, has been extended from January 1, 2012 to May 9 2013, according to information published in...
Government Wants To Convert CFR’s EUR1B Debt Into Shares
The debts of Romanian state-owned railway administrator CFR SA to the state budget and the risk fund, amounting to 4.5 billion lei (over EUR1 billion) at the end of 2011, will be written off...
New Pollution Tax Might Block Selling 2.5 Million Used Cars
More than 2 million Romanians will no longer be able to sell their cars, which are registered before 2007, because of the new pollution tax, which in the case of older cars amounts to at lea...
CFR Signed Two Contracts To Increase Safety In 19 Train Stations
Romanian railway administrator CFR and the management authority of the operational program for transport have signed two financing contracts amounting to 258.7 million lei (EUR60 million), V...
Cargo Traffic On Romania's Navigable Canals Up 10.5% In 2011, To 29M Tons
Cargo traffic on the Danube- Black Sea and Poarta Alba- Midia Navodari canals increased 10.5% last year, to 28.97 million tons from 26.22 million tons in 2010.
Tiriac Jr: We’re Strongly Committed To Agriculture Investment And Seek At Least 2,000 Ha More
Ion Alexandru Tiriac, son of Romanian billionaire Ion Tiriac, says he wants to expand the activity of Tiriac Holdings to new sectors which are recording significant increases, such as the ag...
Government Estimates Car Tax Refunds Will Not Exceed RON200M
Romania's Government estimates the total value of car pollution tax refunds, resulting from the difference between the old tax and the new tax, will not exceed 200 million lei (EUR45.8 milli...
Romanian Car Market To Be Impacted By New Car Pollution Tax System - Ernst&Young
The Romanian car market will register a slight growth this year, following the global car market trend, but sales will also be impacted by the new car pollution tax system, which will discou...