Automotive
Mitsubishi: Couriers and Energy Companies, Interested In Electric Cars
Electric car demand domestically is double the most "positive" initial estimates, with companies wanting both to improve their image and slash fuel costs.
Compa Sibiu Net Profit Quadruples To RON8.8M In First Quarter
Romanian car parts maker Compa Sibiu (CMP.RO) Monday reported a net profit of 8.8 million lei (EUR2.14 million) for the first quarter, four times higher than RON1.84 million in the same inte...
Iasi Airport To Build New Passenger Terminal, In EUR1.8M Investment
Authorities in Iasi, northeastern Romania, decided Monday to construct a new passenger terminal at the city's airport, for an estimated EUR1.8 million, as traffic through the airport has inc...
Ford Sets Eyes On Rivals’ Car Dealers
The import unit of Ford Romania, the second largest local carmaker, plans to open ten new centers this year and half of them will be "converted" centers, namely firms that will give up brand...
Remar Pascani 1Q Net Profit Slumps To RON148,500
Romanian rolling stock repair company Remar Pascani (RMAR.RO) Friday reported a net profit of 148,500 lei (EUR36,036) in the first quarter, substantially lower from RON6.3 million in the sam...
CFR Calatori To Close 4 Branches, Lay Off 1000 Employees
Romanian state-owned railway passenger carrier CFR Calatori Friday said it has begun restructuring its network, which will entail cutting the number of regional branches to four and laying o...
Transport Ministry: Slow Collaboration With Bulgaria Delays Study On Joint Danube Project
The environmental impact study for a joint Romania-Bulgaria project to improve the navigability of the Danube has not been completed, because of "slow" collaboration with Bulgarian authoriti...
Development Ministry Launches Auction To Restore Roads In SE, NE Romania
The Romanian Development and Tourism Ministry on Thursday launched an open auction to award contracts to restore several county and local interest roads in southeastern and northeastern Roma...
Ford: New Car Sales In Romania Lower Than Normal
New car sales in Romania have been three times lower than normal over the past three years due to the economic crisis, Ford Romania president Henrik Nenzen said Thursday.