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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Competition Council Starts Public Debate On Railway Tariff Principles Guide
12.23.2024
Romania's National Railway Supervision Council (CNSDF), part of Romania's Competition Council, is submitting to public debate the “Guide on... more
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Autoklass Center SRL Buys Brasov VW Dealer
12.17.2024
Autoklass Center SRL, the business controlled by Enrico Perini, who also owns Romstal, has taken over distribution and service activities for... more
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Eurial Invest Delivers Over 500 Vehicles For Cris-Tim Group's Car Fleet
12.12.2024
Eurial Invest, the local dealer of Peugeot, Citroën, DS Automobiles and Opel, has concluded a partnership with Cris-Tim Group through which the... more
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Hella Romania Set To Close Its Office In Oradea Amid Low Demand On Automotive Market
12.05.2024
Car parts manufacturer Hella Romania, the local division of Germany's Hella, will be closing its center in Oradea (northwest Romania), as per data... more
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New Kopel Car Import To Deliver 30 BYD Electric Buses To Oradea For RON80.9M
12.04.2024
New Kopel Car Import, part of Sixt Group Romania, has signed a contract of RON80.9 million (EUR16.2 million), VAT not included, with Oradea City... more
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New Car Registrations Up 2.6% YoY In January-November 2024
12.02.2024
New car registrations grew by 2.6% in January-November 2024 compared with the same period of 2023, data from the Automotive Manufacturers and... more
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Romanian Entrepreneur Jean Drugescu Invests EUR42M in Plastics Plant to Deliver to Renault
12.02.2024
MP Industry, part of MEN Industry Group, a company controlled by Romanian entrepreneur Jean Drugescu, has invested almost EUR42 million in... more
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Renault Commercial Roumanie Could Lose Nissan Brand As Of June 1, 2025
11.27.2024
The imports of the Nissan brand could go to a new consortium as of June 1, 2025, sources on the Romanian auto market say. more
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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
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.