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.
-
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
-
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
-
Rolls-Royce To Have Official Showroom in Bucharest, Ahead of Other Capital Cities
08.02.2024
Michael Schmidt, who controls MHS Holding, which owns Automobile Bavaria and MHS Truck & Bus in Romania, has started a EUR1 million investment in... more
-
Lear Corporation Romania Sees 14% Growth In Revenue To RON1.642B In 2023
07.30.2024
Automotive component manufacturer Lear Corporation Romania, part of US’ Lear Corporation, posted RON1.642 billion (EUR332.1 million) revenue in... more
-
Romania Car Output Up 8.6% in H1/2024 To 292,378 Units
07.26.2024
Romania car production rose by 8.6% in the first six months of 2024 against the year-earlier period, to a total of 292,378 units, of which 169,990... more
-
Car Auction Platform Direktcar.ro Launches In Romania
07.24.2024
Direktcar.ro, an auto auction platform Romanians can use to buy or sell cars from wherever they are and five times faster than in any other way, is... more
-
Germany’s Anton Häring Invests EUR60M in Car Parts Plant in Siret
07.24.2024
German car parts supplier Anton Häring is set to invest EUR60 million in the next three years to build a plant in the industrial park of Siret... more
-
Sile Fulga Takes Reins Of Dacia Vehicle Plant
07.22.2024
Sile Fulga will become the executive director of the Dacia Vehicle Plant and supervisor of the Mioveni industrial site. more
-
Huf Romania Ends 2023 With 35% Growth In Revenue To RON683.4M
07.22.2024
Car door handle systems and lock sets manufacturer Huf Romania, part of Germany’s Huf Group, posted RON683.4 million (EUR138.2 million) revenue... 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.