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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Ford Otosan Craiova Overshoots 200,000 Assembled Cars Mark, Boasts Record October
11.25.2024
Craiova-based Ford Otosan plant in October hit an all-time production level, with more than 27,600 cars assembled in a single month, in line with... more
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New Car Registrations in Romania Up 5.4% YOY in Jan-Oct 2024 To over 127,000 Units
11.21.2024
New passenger car registrations in Romania during the January-October 2024 period rose by 5.4% from the year-earlier period, to 127,061 units,... more
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Compa Sibiu Profit Halves To RON5M, Revenue Down 20% In 9M 2024
11.15.2024
Auto parts maker Compa Sibiu (CMP.RO) posted net profit of just over RON5 million in January-September 2024, down to half of the year-ago... more
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Statistics Board: New Passenger Vehicle Registrations In Romania Up 4.7% YoY In Q3/2024
11.04.2024
New registrations of road vehicles for passenger transport increased by 4.7% in the third quarter of 2024 compared to the third quarter of 2023,... more
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New Car Registrations Up 1.4% YoY To 11,552 Units In October 2024
11.01.2024
New car registrations in Romania increased by 1.4% to 11,552 units in October 2024 compared with October 2023, Romanian carmakers’ association... more
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Premiere in Romania: Ford Otosan Set to Assemble in Craiova Batteries for the New Puma Gen-E and Electric Versions of Transit and Tourneo Courier
10.31.2024
Ford Otosan Craiova yesterday opened the new battery assembly line set to support the production of EVs due to enter production in the coming... more
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Kromberg & Schubert Romania Reports RON274.8M Turnover For 2023, Up 56% YoY
10.24.2024
Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, reported a turnover of RON274.8... more
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Wiring Manufacturer Hirschmann Automotive Ends 2023 with RON849.8M Turnover, Up 25.7% YOY
10.23.2024
Wiring and automotive applications manufacturer Hirschmann Automotive TM, the local subsidiary of Austria’s Hirschmann Automotive in 2023... more
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New Car Registrations in Romania Up 4.3% To over 115,000 Units in Jan-Sept 2024 YOY
10.22.2024
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
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.