Foreign taxi companies allowed in Romania

Foreign taxi companies, as well as foreign companies operating in the domain of car rentals, will be able to operate on the Romanian market, starting this week, after stipulations included in the Taxi Law initiated by the Transports Ministry have been modified. Ilie Anghel, chairman of the National Taxi Drivers Office and the main shareholder of one of the largest taxi companies in Bucharest, Cris Taxi, says there are signals showing that new foreign investors have acquired cars to enter this market or are planning to do so soon. “At present, in Bucharest, the number of cars is stuck to 8,600, which means that only 8,600 taxis can legally function in the Capital City,” Anghel states. He maintains that the move made by the Transports Ministry will harm Romanian companies that are already operating on an over-saturated market. ZF