automotive

Romania's 2022 retail turnover (except for trade in motor vehicles and motorcycles) was 4.4 percent up in unadjusted terms from the previous year, as an effect of growth in automotive fuel retail sales in specialized stores (+9.6 percent),…

In 2022, the total amount of foreign investments in Romanian companies exceeds 50 billion euros. The top 3 sources of foreign investment are the Netherlands (9.3 billion EUR), Germany (5.4 billion EUR) and Austria (5.3 billion EUR),…

The movement of stolen vehicles between the European Union member states and some other countries is still causing many problems for car buyers and sellers. Recently, it turned out that the Romanian government delegation used a stolen car…

Tech firm Spyrosoft Solutions announced on Monday in Romania a multi-year cooperation deal with Magna Electronics, a top global automotive brand. Under the agreement signed on 17 Nov, Spyrosoft is building a dedicated R&D centre in…

The year 2021 brought a favourable environment for both economies and the largest businesses in Central and Eastern Europe (CEE). Although still faced with challenges from the Covid-19 pandemic, economic activity has recovered from the…

OxidOS concluded its first seed round investment of 1.2 million euros. The round was led by EGV and joined by renowned business angels. The DLA Piper team and Nistorescu Law Office provided legal assistance for the transaction. Early Game…

As a result of the new geopolitical context, Romania may attract up to 2 billion euros new foreign investments by the end of this year, according to public data and already existing negotiations in the market at the middle of the year,…

The 13th CEE Top 500 study provides an insight into the future and summarizes the region’s economic activity for the previous year. Moreover, it describes the condition of the 500 largest companies in CEE by their turnover. This edition…

Porsche will open a Research and Development Centre in Timisoara, western Romania, with 200 jobs to be created, the mayor of Timisoara, Dominic Fritz announced on Facebook. "After Dräxlmaier had announced yesterday that our city will be…

GEFCO, a global multimodal supply chain expert and leading provider of automotive logistics in Europe, signs agreements with Groupe Renault and DACIA to extend the logistic cooperation in Romania that has started in 2005 and never ceased…