automotive

OneLife Rally, one of the most prestigious automotive events in Europe, has chosen Romania as the final destination for its 2023 edition. This incredible event will gather 100 prestigious vehicles and visit two Romanian cities - Sibiu on…

Continental, a technology company, inaugurated a new building in Iasi, which includes a test area for car braking systems and an above-ground parking lot with 210 spaces for Continental Iasi employees.The over 8 million euros investment was…

In 2023, the global engineering group SEGULA Technologies plans to recruit more than 150 automotive and IT engineers in Romania to support its growth in the country. Founded in 2004, SEGULA Romania has experienced rapid growth in recent…

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,…