Automotive
CNH Debt To Budget Widens To RON4.6B In 1H
Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority...
Munich-Bound Flight Returns To Timisoara Airport Over Technical Problems
A flight of Romanian airliner Carpatair heading for Munich, Germany, returned to the airport in Timisoara, western Romania, Wednesday morning, ten minutes after take-off because of technical...
Luxury Sedans See Largest Rises On Car Market
The premium and luxury automobile segments left the crisis behind in the first half of this year, even recording two-digit sales increases, while sales of cars designed for the “middle class...
Orsova Shipyard Sales Fall 19% To RON27.3M In First Half
Romanian shipyard Santierul Naval Orsova (SNO.RO) Tuesday reported total sales of 27.28 million lei (EUR6.4 million) in the first half, down 19% from RON33.7 million in the year-earlier peri...
Compa Sibiu 1H Net Profit Skyrockets To RON12M
Romanian car parts manufacturer Compa Sibiu (CMP.RO) Tuesday said its net profit soared to 11.88 million lei (EUR2.8 million) in the first half, from RON0.54 million in the year-earlier peri...
Government To Close "Social" Railway Lines If Earnings Below 50% Of Estimates
Romania's Government will consider closing railway lines used by subsidized passenger trains, if their revenue is lower than 50% of the forecast level, according to a recently adopted decisi...
Transport Ministry Sees Privatization Revenues Triple To RON50M
The Romanian Transport Ministry will revise its privatization budget this year and expects it will obtain revenues of 52.5 million lei (about EUR12.3 million), mainly from dividends, triple...
Romania Sets Up Single Transport Checkup Body
Romania’s single road transport checkup body, called the State Inspectorate for Road Transport Control (ISCTR), will start its activity on December 4, according to a draft decree put forward...
Romania To Rehabilitate 66.2 Km Railroad Line For EUR530M
Romanian railway administrator CFR SA wants to rehabilitate 66.2 km of the Brasov-Simeria line, between Atel, Sibiu and Coslariu, Alba, through a contract worth an estimated 2.26 billion lei...