Automotive
Development Ministry Wants Extra RON30M For Infrastructure
The Romanian Regional Development and Tourism Ministry will be allotted extra 30 million lei (EUR1=RON4.0858) needed for consultancy services for the National Infrastructure Development Prog...
Romania To Subsidize Electric, Hybrid Car Purchases
Romania's Government will encourage the purchase of electric and hybrid cars with price discounts of 20% and 10%, respectively (up to EUR3,700 or EUR1,800, respectively), Environment Ministe...
Romanian Vae Apcarom Expects RON7.34M Net Profit In 2011
Romanian rolling stock maker Vae Apcarom Buzau (APC.RO) expects a net profit of 7.34 million lei (EUR1=RON4.091) in 2011, up 26.3% from RON5.81 million last year.
Dacia Worldwide Sales Up 2% In 1Q, To 81,600 Cars
Sales of Romanian Dacia cars worldwide increased by 2% in the first quarter of 2011, to 81,600 units from 79,850 units in the same period last year, as the decline of the Logan and Sandero m...
Romania’s Dacia Automobile 2010 Net Profit +30.4% To RON300M
Romania’s Dacia Automobile, the local unit of French carmaker Renault, Tuesday reported a 30.4% increase in its net profit to 300 million lei (EUR1=RON4.091) in 2010, fueled by higher export...
Electromagnetica Posts 8% Rise In 2010 Net Profit, To RON26M
Romanian electrical and measuring device maker Electromagnetica Bucuresti (ELMA.RO) Tuesday announced an 8% decline in its net profit for 2010, to 26.2 million lei (EUR1=RON4.091), from RON2...
Dacia Car Registrations In EU Fall 3.7% In 1Q, To 62,819 Units
Romanian carmaker Dacia is ranked 17th in the European Union regarding the number of new car registrations in the first quarter of the year, which dropped 3.7% compared to the same interval...
Transport Ministry Sets New Rules For Highway Construction Contracts
The contracts for the construction of four highway segments on Romania's sector of Pan-European Corridor IV will have new clauses, to disallow increasing the contract value by more than 10%,...
Romania 1Q Car Sales -18% On Year To 14,751 Units
Romanian new passenger car sales fell 17.7% to 14,751 units in the first quarter, from 17,920 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or API...