Automotive
Udrea Confident EU Will Resume Payment For Road Upgrades This Fall
The European Commission may resume this fall payments for road upgrades via the Regional Operating Program, Romanian Regional Development and Tourism Minister Elena Udrea said Friday.
UAMT Oradea 1H Net Profit Up Eightfold On Year
Romanian car parts maker UAMT Oradea (UAM.RO) Friday said its net profit rose over eightfold on the year to around 963,000 lei (EUR225,000) in the first six months, fueled by higher sales.
Skoda Octavia Boasts Highest Sales In Romania In 1H
Skoda Octavia was in the first half of this year the car with the highest sales in Romania, according to a ZF analysis based on data from the Association of Car Producers and Importers (APIA...
Romania To Award EUR56M Contract For 50 Km Road Modernization
Romanian public road authority CNADNR will award a contract for the modernization of 47 km of national road 76 Beius-Oradea, worth an estimated 237.1 million lei (EUR56.1 million), net of VA...
U.S. Cooper Standard To Expand Operations To Romania
U.S.-based Cooper Standard Thursday announced plans to establish a new manufacturing facility in Craiova, Romania, expanding its global automotive body sealing and fluid handling businesses.
Romania Halts State Aid To Ford Over Insufficient Investment
The Finance Ministry last year delivered to Ford Romania the first and only tranche of state aid - EUR17.6 million of the total EUR143 million, because the U.S. company invested four times l...
Ionut Bazac Opens Ferrari Store In Monte Carlo, Wants To Bring Another Car Brand To Romania
Ionut Bazac, former health minister from PSD (the Social Democratic Party), who in 2007 brought Ferrari to Romania, wants to launch a third luxury car brand next year.
Romaero Plans To Take EUR3.5M Loan
Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) plans to borrow 15 million lei (EUR3.5 million) to finance current operations and refinance loans taken between...
Romania To Negotiate In China For Highway, Subway, Energy Projects
Romanian Government officials will go to China on Wednesday to negotiate a number of economic projects, including two new power station production units, a highway between Sibiu and Pitesti,...