Elba Timisoara, US Varroc Lighting Systems Sign JV Agreement To Manufacture Electronics
09.19.2018
Romanian lighting systems producer Elba Timisoara, which supplies headlights for Dacia-Renault and Skoda, has signed a joint venture agreement with US automotive headlight producer Varroc Lighting Systems, in view of manufacturing electronics in Romania.
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Only Two Top Ten Carriers Of 2008 Still Among Top Ten In 2017 09.03.2018
Carrion Expedition, VOS Logistics, Duvenbeck Logistik and XPO Transport are but some of the actors that climbed in the ranking of the largest... more
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Romanians Spent EUR90M On 450,000 Bicycles In 2017 08.31.2018
About 450,0000 bicycles at an average price of EUR are sold in Romania every year, which means local consumers spend EUR90 million on two-wheeled... more
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Government Approves Groundwork Documentation For Ploiesti-Brasov Highway 08.29.2018
Romanian Prime Minister Viorica Dancila announced at the start of Wednesday’s Cabinet meeting that the Government will approve the groundwork... more
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VOS Logistics Cargo Posts RON360M Revenue In 2017, Enters Top Three Road Carriers In Romania 08.29.2018
VOS Logistics Cargo, the largest company of the Dutch VOS group in Romania, posted 367 million lei (EUR80 million) revenue in 2017, its first full... more
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Bucharest Airport Company 1H Operating Profit Up 19% On Year To RON269.3M 08.24.2018
The Bucharest National Airport Company (CNAB), which administers Henri Coanda (Otopeni) and Aurel Vlaicu (Baneasa) airports, reported a 19% higher... more
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ProCredit Bank Romania Acquires 14 Electric Vehicles from Volkswagen 08.21.2018
Lender ProCredit Bank Romania has acquired a fleet of 14 electric vehicles from Volkswagen, the carmaker said Tuesday. more
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Romanian Car Market Hits Decade High in Jan-July 08.21.2018
Car sales in Romania grew 23.8% on the year in January-July, to 105,686 units, a record high of the past decade, data from the Automotive... more
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Dacia Made over 6 Million Cars Since Its Launch 50 Years Ago 08.20.2018
Romanian carmaker Dacia made over 6.5 million cars in its 50 years of existence, of which over 3.5 million after the launch of the Logan in 2004,... more
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Globalworth Takes Out EUR46M Loan From BCR For Construction Of Renault Romania’s New HQ 08.20.2018
Real estate developer Globalworth has taken out a loan of EUR46 million from Banca Comerciala Romana (BCR), which will be used for the construction... more
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Daimler Hires Andrei Frunza To Run Clever Taxi 08.20.2018
Daimler, the German giant, which owns Romania-based Clever Taxi among others via one of its divisions, has recruited Andrei Frunza to be the CEO of... more
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ACAROM: New Car Registrations In Romania Up 33% To 75,278 Units In January-July 2018 08.09.2018
The number of new car registrations in Romania rose 33% on the year in the first seven months of 2018, to 75,278 units, according to data from the... more
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Euroins Raises Share Capital By RON2.2M, to RON532M 08.08.2018
Insurer Euroins, owned by Bulgarian group Eurohold, has raised its share capital by RON2.2 million, to a total RON532 million, the Romanian... more
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Turkey's Doğu Pres Invests EUR10M in Greenfield Project in Iasi, NE Romania 08.07.2018
Turkish automotive industry supplier Doğu Pres will invest EUR10 million in a greenfield production unit in Iasi, northeastern Romania. more
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Romania’s Commercial Vehicle Market Up 7% To 12,572 Units In 1H/2018 07.25.2018
Romania’s commercial vehicle market grew 7% in the first half of 2018, to 12,572 units, with light commercial vehicles holding the biggest share,... more
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Ford Romania: Retail Sales Doubled in 1H/2018 07.23.2018
Ford Romania's retail sales doubled in the first half of 2018 and Ford was the import brand with the highest sales of passenger cars and utility... more
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DB Schenker Relocates Timisoara Offices 07.17.2018
DB Schenker, the logistics division of German giant Deutsche Bahn, has relocate dits office sin Timisoara, western Romania, to the AGN Business... more
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Dacia Registrations In Europe Up 16% YoY, To 287,464 Units, In 1H/2018 07.17.2018
New registrations of Dacia cars in Europe rose 16% in the first half of 2018, compared with same period a year before, to a total 287,464 units,... more
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CTP Seeks to Expand CTPark Bucharest West to 1 Million Sqm 07.13.2018
CTP, the largest developer of logistical and industrial spaces in Romania, plans to expand CTPark Bucharest West up to 1 million square meters,... more
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EcoSport SUV, Third Best-Selling Ford Model In Romania 07.13.2018
Registrations of the EcoSport SUV, produced by U.S. carmaker Ford at its Romanian assembly plant in Craiova (southern Romania), reached a volume of... more
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ACAROM: New Car Registrations In Romania Up 33.46%, To Over 60,000 Units, In 1H/2018 07.12.2018
The number of new car registrations in Romania rose 33.46% on the year in the first half of 2018, to 60,068 units, according to data from the... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
