CAR
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Domestic car production set to triple
Romania sits near the bottom in terms of European car production, according to the statistical data released by the Carmakers' International Organisation (OICA). In 2007, 241,712 cars were m...
Car imports see growth slowing down
The main imported car brands saw their growth rate fall to around 22% in the first quarter, according to ZF calculations, compared with 50% in 2007. The only brands that boasted rapid growth...
Goodyear: All players will capitalise on the car market boom
Ovidiu Balan, the new general manager of Goodyear Dunlop Tires Romania, a company with turnover worth over 35 million euros a year, says tyre distributors will continue to see positive resul...
Car market shows no signs of a slowdown
In January, sales of new cars soared by almost 43% against the same period in 2007, and overturned the expectations of most players on the market, after a 5% growth rate was announced. Impor...
Car industry attracts 1.1bn-euro investments
The domestic automotive sector is set to attract investments expected to reach 1.1 billion euros this year, up 10% from last year's level. In 2008, more than one third of the estimated value...
Eurial: real estate, more profitable than car sales
Businessman Gheorghe Dolofan, who controls the main dealer and importer of the Peugeot brand (a cumulated business worth 350 million euros), says the land he owns in the centre of Bucharest,...
Car insurance takes BCR Asigurari's turnover to 174m euros
BCR Asigurari, ranked third on the general insurance market, saw turnover advance by almost 45% last year, to around 174m euros (580m RON). "We did very well on comprehensive and auto liabil...
Bucharest's first underground car parks, ready in 2 years
The first underground car parks built by the Bucharest City Hall (PMB) will become available in two years' time at the earliest, with works due to start on the car park close to Gara de Nord...
Valmar: New car tax will cut market growth in half
Brent Valmar, chairman of the Association of Automotive Manufacturers and Importers and general manager of Porsche Romania, the largest car importer on the Romanian market, has revised the g...