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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Dolo Trans Olimp Expects 30% To 35% Growth In Revenue In 2024
01.22.2024
Road freight carrier Dolo Trans Olimp (DTO), held by entrepreneur Cristian Dolofan, posted EUR97 million revenue in 2023 and expects 30% to 35%... more
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ACAROM: Romania’s Car Production Hits Record High YoY In 2023, To 513,050 Units
01.22.2024
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a record high of 513,050 vehicles in 2023, 0.7% more than in 2022 and 22%... more
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EY Index: 25% Of Buyers Acquire Their Cars Online But Dealerships Remain Crucial For Transition To EVs
01.18.2024
One in four buyers purchase their cars online, but dealerships remain crucial for the transition to electric vehicles (EVs), according to the... more
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New Car Registrations in Romania Up almost 12% YOY To 144,611 Units
01.18.2024
Romania ranks 14th in the EU by the number of new passenger cars registered in 2023, with a volume of 144,611 units, up 11.8% from 2022, out of... more
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Preh Romania Expects EUR260M Revenue In 2024
01.17.2024
Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, expects EUR260 million revenue this year, while the car... more
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Dacia Sales Rise Almost 15% Globally in 2023 To 658,321 Units
01.17.2024
Renault group on Wednesday announced in its annual report that Dacia brand in 2023 registered total sales of 658,321 units globally, up 14.7%,... more
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Car-Sharing Company Spark To Shut Down Operations In Romania On February 1, 2024
01.11.2024
Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via... more
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Autovit.ro: 1.1 Million Passenger Cars Were Registered in Romania in 2023, Up 3% Vs 2022
01.10.2024
2023 ended with 1.1 million deals on the automotive market and notable increases on the segment of new and used passenger cars traded domestically.... more
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Ford Otosan To Assemble Three Fully Electric Vehicle Models In Romania As Of 2024
01.09.2024
Romania will assemble three electric and two full-hybrid cars as of this year, for the first time ever, considering rising demand for such vehicles. more
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Joysonquin Automotive Systems Romania Set To Hire 49 People At Its Ghimbav Plant
01.09.2024
Car parts manufacturer Joysonquin Automotive Systems Romania (the former Quin Romania), the local division of China’s Joyson, currently has 49... more
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ACAROM: New Car Registrations In Romania Up Nearly 10% YoY To 141.788 Units In 2023
01.03.2024
New car registrations in Romania increased by 9.6% to 141,788 units in 2023, of which 45,280 were Dacia vehicles, 13% more on the year, in line... more
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Timisoara City Hall Buys 17 Trams via PNRR from Turkey’s Bozankaya in EUR33M Contract
01.03.2024
Boozankaya, a Turkish public transport vehicle producer, has sealed a contract with Timisoara city hall for the delivery of 17 trams around 30... more
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China's KSHG Auto Harness Further Expands In Romania, With Another 13,000 Sqm In CTPark Deva II
12.20.2023
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased a new... more
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Mobility Company Autonom Set To Buy More And More Electric And Hybrid Vehicles
12.19.2023
Mobility company Autonom has an annual minimum investment budget of EUR60 million and plans that 13% of the about 3,000 cars it buys a year to be... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal 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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania 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.