French multinational rolling stock manufacturer Alstom said on Monday that it was awarded a 500 million euro ($566 million) contract by Bucharest underground system operator Metrorex to provide full maintenance services for the Bucharest metro fleet until 2036. The services cover preventive and corrective maintenance, as well as overhauls for a total fleet of 82 trains, Alstom said in a press release. Following the delivery of the new trains for Metro Line 5 as a result of a tender awarded last year, the fleet will be supplemented with at least 13 new Alstom Metropolis trains starting 2023, and the maintenance contract will be extended to this additional fleet. In December 2020, Alstom signed a 100 million euro contract for 13 metro trains, with the option of another 17. Alstom has been providing maintenance services for the Metrorex rolling stock since 2004, overhauling both the new and the old fleets. The 82 trains totalling 492 cars have run on average a total distance of 8.5 million km on an annual basis. Over 350 people are engaged in the maintenance activities, according to Alstom. Alstom has been active in Romania for almost 30 years and is responsible for implementing signalling or electrification solutions on more than 75% of the northern branch of the Rhine-Danube railway corridor in the country. The French company is implementing a train control urban signalling solution on the Bucharest metro.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
