Automotive
Kromberg & Schubert Romania Sales Rise 27% In 2010, To RON617M
The Romanian unit of German car parts supplier Kromberg & Schubert posted sales of 617 million lei (EUR151.3 million) in 2010, up 27% on the year, according to Marius Petrica, the company's...
Compa Sibiu Sees 2011 Net Profit Rising 17.5% To RON11.2M
Romanian car parts maker Compa Sibiu (CMP.RO) expects a 17.5% increase in net profit to 11.2 million lei (EUR2.7 million) in 2011, on higher sales, the company said in a statement Thursday.
Car Repair Shops Might Have To Let Customers Watch
Romanian auto repair shops might be required to allow their customers to watch the work being done to their vehicles, according to a bill to be debated next week by the Parliament, democrat...
Anticorruption Prosecutors Question Former Railway Manager Mihai Necolaiciuc
Romanian anticorruption prosecutors on Wednesday are questioning former state-owned railway company manager Mihai Necolaiciuc, who is accused of defrauding the company of EUR70 million.
Romanian Senate Adopts Mandatory Snow Tire Bill
Romania's Senate on Tuesday adopted the government emergency ordinance making snow tires mandatory during the winter.
Romanian Carmaker Dacia Ceases Production Until May 2
Romanian carmaker Dacia on Friday has ceased production at its car plant in Mioveni, southern Romania, until May 2, due to shortages of car parts.
Six Indicted In Baneasa Airport Procurement Fraud Case
Romanian anticorruption prosecutors on Friday indicted six people, including four managers of the Bucharest Baneasa Airport, for causing damages of more than 23 million lei (EUR5.8 million)...
Cernavoda-Medgidia Highway Segment To Cost Up To EUR170M
Completing the Romanian Cernavoda-Medgidia highway segment will cost between 500 and 700 million lei (EUR120-170 million), without VAT, according to public road authority CNADNR's new tender...
Romania To Award EUR79.8M Renovation Contract For Iasi Airport
Authorities in Iasi, northeastern Romania, plan to upgrade the city's airport through a concession agreement, for an estimated EUR79.8 million, without VAT.