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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New Car Registrations in Romania Up 4.3% To over 115,000 Units in Jan-Sept 2024 YOY
today, 10:25
New passenger car registrations in Romania rose by 4.3% in January-September 2024 against the same period of last year, to 115,509 units, while at... more
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Car Parts Maker Aptiv Sees Net Profit Rise 2.8 Times in 2023
10.18.2024
Car parts manufacturer Aptiv Technology Services & Solutions in 2023 registered turnover worth RON1.569 billion (EUR317.2 million), 2.3 times... more
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Fujikura Automotive Romania Doubles Profit in 2023
10.18.2024
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japanese group Fujikura, for 2023 reported turnover worth... more
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Schaeffler Romania Sends To Furlough Notices To Employees In Brasov
09.25.2024
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, is planning to implement a number of cost cutting solutions soon, as four... more
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EY: Global Demand For EVs Slows Amid Consumer Concerns Over Lack Of Charging Infrastructure
09.20.2024
Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure,... more
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New Car Registrations in Romania Up 8% To over 100,000 Units in Jan-August 2024 YOY
09.19.2024
New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new... more
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Schaeffler Puts Marius Pricop In Charge Of Romanian Subsidiary
09.17.2024
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, announced appointment of Marius Pricop as managing director as of... more
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Wiring Maker E-Cablaje Sees EUR15.5M Revenue In 2023
09.16.2024
Automotive, farming and transportation electric wiring maker E-Cablaje, held by Italy’s Cable Company SPA and Lobogest SPA, posted RON76.7... more
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Automobile Dacia Banks on Automation
09.16.2024
Dacia’s Mioveni plant will implement a new car paint process in the coming period, a reason why Renault group has asked for a RON37.5 million... more
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Dacia Prepares For Start Of Bigster Production
09.11.2024
Dacia’s Mioveni plant is currently assembling Duster and Jogger, while Sandero and Sandero Stepway are being assembled in Morocco. The Romanian... more
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Leapmotor Electric Cars Arrive In Romania Via AutoItalia
09.04.2024
Leapmotor International, a 51/49 Stellantis-led company, will start selling electric vehicles on nine European countries, including Romania. more
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New Car Registrations In Romania Plunge 22.64% To 9,972 Units YoY In August 2024
09.03.2024
New car registrations decreased by 22.64% to 9,972 units in Romania in August 2024 compared with the same month of 2023, in line with data provided... more
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Dacia Has New Marketing Director
08.29.2024
Starting September 1, 2024, Mihai Tanase, 38, is the new Marketing Director of Dacia brand in Romania and the Republic of Moldova. He will directly... more
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Leoni Loses Stated Aid After Dropping Investment Project In Romania
08.27.2024
Leoni Wiring Systems, which had received approval for EUR4.77 million state aid in October 2023, has notified the Finance Ministry of its decision... more
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Oechsler Sees EUR32M Revenue From Its Romanian Plant In 2023
08.21.2024
The manufacturer of plastic parts and subassemblies for the automotive industry Oechsler Romania, the local subsidiary of the German group... more
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Helbako Electronica Sees Revenue Up 27%, Net Profit Up 31% In 2023
08.19.2024
Helbako Electronica, the local subsidiary of Germany's Helbako GmbH, posted RON223.6 million (EUR45.2 million) revenue in 2023, up 27% from the... more
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New Record For Romanian Car Market: Ford And Dacia To Produce For First Time More Than 600,000 Vehicles In 2024
08.16.2024
Romania’s two carmakers, Automobile Dacia and Ford Otosan, are set to produce together more than 600,000 vehicles in 2024, considering they are... more
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European Commission Approves Romania’s EUR99.5M State Aid For New Nokian Tyres Plant In Oradea
08.14.2024
The European Commission has approved, in line with the EU regulations on state aid, the EUR99.5 million state aid for Nokian Tyres in Romania. more
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Romania's Competition Council Conducts Checkups At Several Car Repair Shops
08.05.2024
Romania's Competition Council has announced in a press statement on August 5 that it conducted unannounced inspections at eight units that carry... more
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Statistics Board: New Passenger Vehicle Registrations Surge 17.3% YoY In Q2/2024
08.05.2024
New registrations of road vehicles for passenger transport increased by 17.3% in the second quarter of 2024 compared to the second quarter of 2023,... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.