Tesla Readies Opening Of Center In Capital Bucharest

12.15.2020
U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ five people, namely, a store manager, two service technicians, a service manager and a sales advisor.
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Brake Pads Maker TMD Friction Sees Revenue Up 20% To RON311.8M In 2022
09.27.2023
TMD Friction Romania, which owns the Textar brake pads brand, posted RON311.8 million (EUR63.2 million) revenue in 2022, up 20% compared with the... more
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Daniel Baluta, Bucharest District 4 Mayor, Pledges New Airport in Bucharest’s South
09.21.2023
Daniel Baluta, mayor of Bucharest’s District 4, together with Giurgiu County Council, have started procedures for the construction of an airport... more
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Tesla Likely to Open First Bucharest Showroom
09.18.2023
Tesla is likely to open its first dedicated center in Romania in the coming year and, in line with real estate data this could be located near Swan... more
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ACAROM: Romania’s Car Production Down 4.5% in July-Aug 2023 vs Year-Earlier Period
09.13.2023
The passenger car output of the two automotive plants of Romania, Dacia and Ford, in the July-August 2023 period dropped by 4.5% year-on-year, to... more
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Yazaki Closes Plant In Buzau, Cuts Jobs In Ploiesti
09.07.2023
Yazaki Group, one of the largest automotive component suppliers, on Thursday announced it would adjust production capacity given the current... more
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ACAROM: New Car Registrations Up 19% To 99,466 In January-August 2023
09.04.2023
New car registrations in Romania increased by 2.82% to 12,891 in August 2023 compared with August 2022, and by 19.3% to 99,466 in January-August... more
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Autonom Services Profit Shrinks 31% To RON12.2M In H1
08.30.2023
Autonom Services, the largest mobility network in Romania, held by brothers Marius and Dan Stefan, posted RON12.3 million net profit in... more
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Romania Ranks 14th In The EU With 87.275 New Car Registrations YoY In January-July 2023
08.30.2023
New car registrations in Romania grew by 23.3% year-over-year to 87.275 units in January-July 2023, placing the country 14th in the European Union... more
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Altur Slatina Posts RON75M Revenue And RON7.8M Net Profit in H1
08.29.2023
Automotive component maker Altur Slatina (ALT.RO) posted RON75.3 million revenue in the first half, slightly up on the RON73.4 million in the... more
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Mercedes-Benz Puts Natalie Thompson In Charge Of Romanian Operations
08.23.2023
Natalie Thompson (32), currently Head of Marketing and Communications at MBGD in Dubai, will take over as CEO of Mercedes-Benz Romania from the... more
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Tiriac Auto Invests Around EUR600,000 To Expand Its Used Car Showroom Network, With Two New Units In 2023
08.10.2023
Tiriac Auto, the automotive retail division of Tiriac Holding, is investing roughly EUR600,000 in expanding its network of used car showrooms. more
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Battery Maker Rombat Bistrita Overshoots RON500M Revenue Mark In 2022
08.07.2023
Bistrita-based car battery manufacturer Rombat, controlled by the South African group Metair, posted about RON504.5 million (EUR102.3 million)... more
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Automotive Parts Manufacturer Oechsler Romania Ends 2022 With Over EUR30M Turnover
08.07.2023
Automotive plastic parts and subassembly manufacturer Oechsler Romania, the local subsidiary of Germany’s Oechsler group, ended 2022 with a... more
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INS: New Passenger Vehicle Registrations Down 2.8% YoY In Q2/2023
08.04.2023
New registrations of road vehicles for passenger transport in Romania decreased by 2.8% in the second quarter of 2023 compared to the second... more
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Romanian Startup YLOAD Partners Up With Swiss Fracht Group
08.04.2023
Romanian startup YLOAD, which developed an artificial intelligence (AI)-based platform for the digitalization of transport operations, has entered... more
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Dolo Trans Olimp Reports 42% Higher Turnover, Of RON581M, For 2022
08.03.2023
Trucking company Dolo Trans Olimp (DTO), controlled by entrepreneur Cristian Dolofan, ended 2022 with a turnover of RON581 million, compared to... more
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ACAROM: New Car Registrations In Romania Up 23% YoY To 87,275 Units In January-July 2023
08.02.2023
New car registrations in Romania increased by 23% on the year to a total 87,275 units in January-July 2023, data from the association of automotive... more
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WDP Buys 20,000-Sqm Warehouse In Mioveni From Automotive Industry Supplier
08.01.2023
Industrial space and logistics developer WDP bought, in the first half of 2023, a warehouse in Mioveni under a sale-and-lease-back contract through... more
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Unix Auto 2022 Turnover Up 11.3% To over RON359M
08.01.2023
Car parts wholesaler Unix Auto of Cluj-Napoca, controlled by entrepreneur Zombori Antal, for 2022 reported turnover of RON359.1 million (EUR72.8... more
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Tire Maker Michelin Overshoots RON5B Turnover Mark In 2022, Up 23% YoY
08.01.2023
Michelin Romania, part of the French Michelin Group, one of the world's largest tire manufacturers, ended 2022 with a turnover of RON5.178 billion... more

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.