10.13.2016

Michael Schmidt, the businessman behind the Automobile Bavaria group wants to add a new line of business and invest in a national hotel chain, as well as enter the volume auto market by adding a new more

09.30.2016

Automobile Dacia SA, OMV Petrom Marketing SRL and OMV Petrom SA are on top of the largest companies in Romania by 2015 turnover, being the only companies which exceeded a turnover of RON10 billion, more

08.26.2016

U.S. carmaker Ford will invest a minimum additional sum of EUR130 million from own sources at its Romanian unit Automobile Craiova by the end of 2019, the Romanian Finance Ministry said in a statement more

05.06.2016

Renault-owned carmaker Automobile Dacia reported a turnover of RON19.1 billion (EUR4.3 billion) in 2015, up 1.76% on the year, while the production sold accounted for RON14.5 billion, up 5.9% compared more

03.16.2016

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06.15.2015

The shareholders of Automobile Dacia, the largest carmaker in Romania and also the largest company in the country, approved payment of 335 million lei (EUR75 million) as dividends for the fiscal year more

05.07.2015

Automobile Dacia, owned by French group Renault, has consolidated its position as Romania’s largest company, after registering a turnover of EUR4.24 billion in Romania in 2014, higher than EUR4.16 more

05.19.2014

Automobile Dacia, Romania’s largest carmaker and also the country’s biggest exporter, at the end of the five years of crisis (2009-2013) reached record high revenue of EUR4.16 billion, double the more

01.16.2014

Four of the parent companies of the 20 largest Romanian firms boasted share increases by as much as 53% on international markets in 2013, the best year for the Western stock exchanges after the more

06.12.2013

The 100 largest importers account for almost 40% of the total imports or more than EUR21 billion euros, according to the National Statistics Institute. more

12.12.2012

Romania’s privatization authority AVAS said Wednesday the privatization of carmaker Automobile Craiova has been completed and the state received extra 170 million lei (EUR37.5 million). more

05.21.2012

Seventeen auto brands out of 44 sold in Romania posted higher sales in the first four months of the year compared with the year-ago period, according to a ZF analysis based on the data provided by the more

05.08.2012

More than 400,000 vehicles will be assembled in Romania in the two plants in Mioveni and Craiova (south of the country) this year, writes the “Auto Market 2012” yearbook published by ZF. more

01.19.2012

Romanian car dealer Automobile Bavaria registered turnover of EUR285 million in 2011, up 42% on the year, company representatives said Thursday. more

12.02.2011

Romania's Chamber of Deputies last week adopted a bill eliminating legal protection for designs and models for visible car spare parts. more

11.12.2011

Romanian companies will again be able starting next year, after a three-year ban, to deduct fuel expenses for vehicles with nine or fewer seats, destined exclusively for passenger transport, as well more

09.21.2011

Three years after starting production, U.S. group Delphi says this year it will start to make a profit from the Iasi plant, which exports components to car engine production facilities in France and more

09.09.2011

This year's third quarter started well in terms of macroeconomic indicators and of signals from the business sector, which are positive. more

09.07.2011

Romanian car dealer Automobile Bavaria on Thursday will open a Rolls-Royce showroom in Munich, the company said Wednesday. more

08.10.2011

The premium and luxury automobile segments left the crisis behind in the first half of this year, even recording two-digit sales increases, while sales of cars designed for the “middle class” more