Automotive
IAC Group To Open Car Part Factory In S Romania In 2012
International Automotive Components Group will invest EUR58 million in a car part factory in Bals, southern Romania, which will be entirely operational in early 2012, although its first prod...
Environment Ministry: Car Tax Charged To Buyer On First Sale
Romania's car tax, in its future form, will be paid by the buyer upon the first sale of any car for which the tax has not already been paid, said an Environment Ministry press release on Tue...
Ford Risks EUR14M Fine For Falling Short Of Craiova Plant Output Target
Ford has committed in the privatization contract signed in September 2007 to manufacture 250,000 cars in Craiova in 2011, a target impossible to achieve considering that only 3,000 cars were...
Romania To Apply Car Pollution Tax Upon First Sale
Romania’s ruling coalition decided to allow the Government to apply a pollution tax upon the first sale of cars brought to Romania before the enforcement of this new car tax system, people f...
Rushforth, Hyundai: Romanian Car Market Decline Comes To An End
The local car market has reached the bottom, and the price continues to be the main driver behind a purchase decision, says Allan Rushforth, vice-president and COO with Hyundai Motor Europe.
Romania Risks EU Sanctions Unless It Refunds Car Tax - Experts
Romania risks sanctions from the European Union, from a potential infringement procedure, and a great number of suits brought on by car owners, unless the government urgently changes the car...
Transport Ministry To Launch Auction For Cernavoda-Medgidia Highway Section
The Romanian Transport Ministry will launch an auction next week to award a new contract for the design and construction of the Cernavoda-Medgidia highway section, in southeastern Romania.
LeasePlan Romania 1Q Turnover Up 57% On Year To EUR9M
Car leasing company LeasePlan Romania reported first-quarter turnover of EUR9 million, up 57% on the year, the company said in a statement Thursday.
Road Construction Tycoons Drop EUR100M Claims To Keep Moara Vlasiei-Ploiesti Highway Contract
The four builders of the Moara Vlasiei-Ploiesti highway--Spedition UMB, Tehnostrade (both controlled by Dorinel Umbrarescu), Euroconstruct Trading '98 (Dan Besciu) and PA&CO International (C...