Automotive
CFR Awards Three Lease Contracts To Private Operators
Romanian railway administrator CFR on Friday awarded three lease contracts for railroad segments belonging to the Timisoara, Cluj and Galati branches, with the latter contract going to Grup...
Low-Cost Flights To Be Moved To Bucharest’s Otopeni Airport In March 2012
Low-cost flights will be moved from the Aurel Vlaicu (Baneasa) airport to the Henri Coanda (Otopeni) airport in March 2012, Tudor Jidav, general manager of the Bucharest National Airport Com...
Otopeni Airport To Open New Departures Terminal In July 2012
Bucharest-Otopeni Airport will open a new terminal for international departures in June 2012, through a EUR62 million investment.
Romania October Car Registrations +14% On Month, -5.5% On Year
Romanian new car registrations rose 13.8% on the month to 7,828 units in October, but were down 5.5% from 8,281 units in the year-earlier period, Interior Ministry data showed Friday.
Transport Ministry Calls Off Bid To Select Broker For Tarom IPO
Romanian Transport Ministry has canceled the auction to select a broker for the sale of a 20% stake in state-run airline Tarom, citing lack of interest from brokerage houses.
Refunds For Romanian Scheme Scrappage Vouchers Disbursed Until December 23
Romanian Environment Minister Laszlo Borbely said Friday that the last refunds for vouchers through the car scrappage program will be disbursed on December 23, instead of December 12, follow...
UAMT Oradea 9-Month Net Profit Rises To RON0.19M
Romanian car parts maker UAMT Oradea (UAM.RO) Friday reported a net profit of 187,494 lei (EUR43,105) for the first nine months, up 17.5% from RON220,209 in the same period of 2010.
Compa Sibiu 9-Month Net Profit Doubles To RON12.5M
Romanian car parts manufacturer Compa Sibiu (CMP.RO) Friday said its net profit doubled to 12.5 million lei (EUR2.87 million) in the first nine months, from RON6.2 million in the year-earlie...
CFR Awards EUR176M Railway Upgrade Contract
Romania’s state-owned railway company CFR SA has awarded a contract worth 766.92 million lei (EUR176.18 million), net of VAT, to Italian company Impresa Pizzaroti for upgrades on the Coslari...