auto industry

After a strong recovery in 2023, analysts expect the growth of new auto registrations to slow down to +1.9% as a result of lower consumer spending - especially in China and Europe - and sub-par global economic growth. New auto registrations…

The National Bank Governor, Mugur Isarescu, has presented the yearly report for 2017 on Friday. Isarescu said that the economic growth was high, in the context of two consecutive years of fiscal stimuli and increasing earnings, while the…

President Klaus Iohannis has criticised the Government’s lack of results, during a debate in Pitesti on Thursday. “We have coloured maps and nice plans, but people want results and the 15 km of highway built in the past year and a half…

The automotive industry has a certain tradition on the local market, being one of the major pillars of the Romanian industry, alongside the retail and IT industries. Almost a quarter of domestic exports are provided by the automotive…

About 2.3 million Europeans work directly in the auto industry, and each employee produces on average 7.11 cars year in the EU. The average in Romania is of 2.92 cars/year per employee and the leader in the European Union is Spain with…