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 Down 10.1% in Q1/2024 YOY
04.18.2024
New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with... more
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ACAROM: Romania’s Car Production Grows 7.1% YOY In Q1/2024 To 152,912 Units
04.17.2024
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a total 152,912 vehicles in the first three months of 2024, 7.1% more than... more
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New Car Registrations Down 26% In March 2024
04.09.2024
New car registrations fell 26% to 9,156 units in March 2024 compared with March 2023, police data show and the decline also affected electrified... more
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Germany’s Leoni Seeks to Hire 265 People at Bistrita Plant
04.05.2024
Automotive wiring maker Leoni Wiring Systems Ro, part of German group Leoni, currently has 265 jobs available at Bistrita plant. more
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New Car Registrations In Romania Drop 25% YoY In March 2024
04.03.2024
New car registrations in Romania posted a 25% decline in March 2024 against the same month of 2023, to 9,156 units, in line with data provided by... more
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BCR Contributes EUR84M To EUR435M Syndicated Loan Ford Otosan Romania Took Out
03.29.2024
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to... more
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Porsche Romania Delivers 300 EV Charging Stations To Eldrive Romania
03.28.2024
Eldrive Romania and MOON Power, part of Porsche Romania, the general importer of Volkswagen, Audi, Seat, Cupra, Skoda, Das WeltAuto brands, have... more
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Ford Otosan Romania Borrows EUR435M to Fund Ford Transit Courier and Ford Tourneo Courier, Launch New Ford Puma Model
03.26.2024
Ford Otosan Romania, a subsidiary of Turkey’s Ford Otosan, has sealed a 7-year loan agreement worth EUR435 million with a bank syndicate to... more
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Ambulance Maker Deltamed Sees 88% YoY Increase In Revenue To EUR36M In 2023
03.21.2024
Cluj-based Ambulance and special vehicle maker Deltamed ended 2023 with about EUR36 million revenue, an increase of 88% on the previous year, as a... more
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New Car Registrations in Romania Down 8.9% Annually in February
03.21.2024
New car registrations in Romania posted an 8.9% decline in February against the same month of 2023, to 11,339 units, of which 1,109 were full... more
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Eckerle Automotive's 2023 Turnover Up 6.8% YoY To RON270.6M
03.21.2024
Car parts supplier Eckerle Automotive, the Romanian subsidiary of Germany’s Eckerle, ended 2023 with turnover of almost RON270.6 million (EUR54.7... more
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Egger Romania Ends 2023 with over EUR420m Turnover
03.06.2024
Egger Romania, part of Austria’s a supplier of wood-based material for furniture industry and interior decorations, construction and flooring, in... more
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BMW Set to Form Joint Venture with NTT Data in Romania
03.05.2024
BMW Group and NTT DATA Romania have signed an agreement to set up a joint venture in Romania. more
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ACAROM: Romania’s Car Production Returns In Jan 2024 To Pre-Pandemic Level
02.28.2024
Romania's car production returned in January 2024 to the level before the Covid-19 pandemic, for the first time in the last five years, as per data... more
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Uber Launches UberX Share In Romania
02.23.2024
US-held Uber, which operates one of the largest mobility platforms worldwide, on Thursday announced the launch of UberX Share service in Romania,... more
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Turkey’s Karsan Otomotiv Set to Deliver 11 Electric Buses to Satu Mare City Hall for RON64M
02.22.2024
Turkey’s Karsan Otomotiv Sanayi Ve Ticaret A.S. has gained a contract worth RON64.2 million (around EUR13 million) with Satu Mare city hall for... more
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Renault Puts Emaonel Derta In Charge Of Dacia Design Center In Bucharest
02.20.2024
Renault Group put Emanoel Derta in charge of the Dacia Design Center in Bucharest as of this year. He replaces Ory Yohann, who had been running the... more
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New Car Registrations Up 3.8% In Romania In January 2024
02.20.2024
Romania ranks 14th in the European Union by new car registrations in January 2024, with a volume of 12,733 units, an increase of 3.8% on January... more
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New EV Sales Set to Hit 50,000 Units in 2030, from 19,000 in 2024
02.20.2024
“Electrified” passenger cars will in 2024 reach a 29% market share in Romania, so that, an analysis by the Automotive Manufacturers and... more
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Rompetrol To Install 11 Ultra-Fast Charging Stations For Electric Vehicles On A1 Highway
02.14.2024
KMG Rompetrol Development in November 2022 submitted an application for financing a project on the acquisition and installation of ultra-fast... 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.