Automotive
Dacia Registrations in Europe Down 53.2% in Jan-May
Romanian carmaker Dacia's sales in Europe dropped 53.2% in the first five months of 2020, to 118,496 units, data from the association of automotive manufacturers in Romania (ACAROM) and the...
Coletaria.ro Turns Bucharest Warehouse into Regional Hub
Coletaria.ro, a platform specialized in the shipping and delivery of parcels, part of Czech Packeta group, said Tuesday it was making its Bucharest warehouse into a regional hub allowing dir...
Car Parts Manufacturers in Romania Shed 5,000 Employees in 2019
Five large car part manufacturers in Romania – Autoliv, Lear Corporation, Yazaki, Faurecia and Adient Automotive – shed nearly 5,000 employees in 2019, according to finance ministry data cen...
Romania Signs RON326.5M Contract for 29 km of Transylvania Highway
Romania's national road infrastructure administration company CNAIR on Friday signed a contract for the execution of a 29 km portion of Transylvania Highway that should ultimately link Braso...
Romanian Government Plans EUR40B Investments in Road and Railroad Infrastructure
Romania's government is planning investments amounting to around EUR40 billion in road and railway transport infrastructure, prime minister Ludovic Orban said during a video conference Thurs...
Harbor Operator Romcargo Maritim Exits Insolvency
Harbor operator Romcargo Maritim has exited insolvency one year after entering the procedure and will develop its business lines starting with the reopening of a regular ferry line to Turkey...
Automobile Dacia Sees Over 50% Decline On Three Of Its Biggest Markets: France, Spain, Germany
France remains the biggest market for French-held carmaker Automobile Dacia, with more than 24,000 new car registrations in January-May 2020, but 60% fewer than in the year-earlier period, o...
Romania’s Car Production Plunges 30.5% YoY In January-May 2020
The two car assembly factories in Romania, Automobile Dacia and Ford, produced a total 152,412 vehicles in January-May 2020, 30.5% fewer compared with the same period in 2019, when car produ...
Fitch Rates Autonom 'B+'; Outlook Negative
Fitch Ratings has assigned Autonom Services S.A. a Long-Term Issuer Default Rating (IDR) of 'B+' with Negative Outlook and a senior unsecured debt rating of 'B-', it said in a statement Wedn...