Automotive
British Airways: The 40% Growth Took Us By Surprise
Emil Delibashev, commercial manager of British Airways for the Balkan area, which operates direct flights on the Bucharest-London route, says a revenue increase of between 10% and 20% has be...
Boagiu: Bucharest-Ploiesti Highway Will Not Be Done On Time, Constructors Will Be Fined
The Bucharest-Ploiesti highway will not be completed on time, by December of this year, but rather in 2012, and the constructors responsible will be penalized by 0.05% of the contract value...
Porsche Finance Group Romania Appoints New CEO
Porsche Finance Group Romania on Tuesday announced it has appointed Alexander Nekolar as chief executive officer, replacing Kurt Leitner who was transfered to a new position within the Porsc...
FOCUS: Transylvania Highway May Be Completed Only In 2026
Romania’s Transylvania Highway will be completed in 2020 at the earliest but works may take as long as until 2026, 22 years after they began and with costs that have long exceeded initial es...
Metrorex, Spanish CAF Sign EUR97M Train Supply Contract
Bucharest subway operator Metrorex and Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) on Tuesday signed a train supply contract worth EUR97 million, VAT excluded.
Bucharest-Ploiesti Highway Will Not Be Ready By December: Only Half Of The 62-Km Road Is Usable
Major differences in the level of completion from one segment to another, expropriation that has yet to be conducted, many bridges still far from completion, and kilometer-long stretches whe...
Bucharest Authorities Raise Tax Exemption For Hybrid, Electric Cars To 95%
Bucharest residents who own electric or hybrid cars will pay only 5% of the tax in 2012, compared with the current 50%, as per an amendment to the city's tax bill for next year, adopted Mond...
National Car Park Is 80% Insured, Below EU Requirements - Study
Around 80% of Romania's car park is insured through a mandatory civil liability policy (RCA), UNIQA Asigurari CEO Florin Golovatic said Monday, citing a study carried out in July by GfK Roma...
Ford Could Be Fined EUR14M For Breaching Romanian Plant Output Commitments
Talks between Ford Motor Company and the Romanian Finance Ministry are nearing conclusion on an update of the privatization contract sealed in September 2007, but the carmaker risks a state...