The turnover in the Romanian automotive industry has increased almost tenfold in 20 years, from 3.8 billion euros in 2005 to 35 billion euros currently, said Adrian Sandu, secretary general of the Romanian Automobile Manufacturers Association (ACAROM), at a specialized conference on Monday."In the Romanian automotive industry, we increased our turnover from 3.8 billion euros in 2005 to about 35 billion euros, almost ten times in 20 years. As for the production of motor vehicles, in '89, about 144,000 vehicles were produced. Last year, 560,000 vehicles were produced in Romania. Exports in '89 were almost non-existent. Only about 4,000-5,000 to 10,000 Dacia cars arrived through China, Brazil or North Africa. Now, 92% of motor vehicle production is exported. And I haven't mentioned the export of auto components. There is no car manufactured in Europe that does not have at least one component manufactured in Romania," said the secretary general of ACAROM.He also stated that the target for 2035 is for Romania to have 100% new vehicles on the market, with zero carbon emissions, which means that the automotive industry is heading towards a major transformation. "But the other actors must also contribute to this transformation, they must support and they must keep up. And here I refer to the European and national authorities, to the energy companies," explained Adrian Sandu.He believes that for the development of the automotive industry in Romania and industry in general, jobs and the investment climate must not be affected, "so as to give investors confidence that Romania can do even better in the future." The ACAROM representative also said that, at the same time, as many investments as possible must be attracted to increase Romania's competitiveness.Ziarul Financiar organized, on Monday, a new conference dedicated to the reindustrialization of Romania, with the title: "What else do we produce in the country?"
The Romanian Parliament's Chamber of Deputies greenlit a request from opposition parties Alliance for the Union of Romanians (or AUR), SOS Romania, and the Party of Young People (or POT) to establish an inquiry commission into the October 17 explosion at the residential building in southern Bucharest. Three people died in the blast, which was […]
Two new studies centering on Romanians’ purchasing habits in connection with the yearly discount event known as Black Friday show a starkly different image compared to previous years. The findings suggest Romanians traded impulsivity for strategic planning. According to the latest Cargus survey conducted among 1,036 urban respondents, seven in ten Romanians are tracking desired […]
Colorful foliage, tranquil surroundings, and plenty of nature to explore: from mountain towns to wine-country escapes, we've selected below several options for an autumn break. Buzău Land This area, located in the southeastern part of the country, in the Carpathian bend, has been a UNESCO Geopark since 2022. It's a completely rural area that offers […]
Beyond Business School, founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, today announced the launch of the 3rd edition of its executive program in Bucharest. Designed for ambitious professionals ready to accelerate their careers, the program combines internationally accredited courses, hands-on business training, and direct access...
The sound of jazz will once again fill Oradea this November as the ORA Jazz Festival returns for its sixth edition, bringing together artists from across Europe and beyond. The festival will take place between November 14 and 16 at the Oradea State Philharmonic and the Sion Neolog Synagogue. This year’s edition features performers from […]
Allianz-Țiriac Asigurări announces the appointment of Codruța Furtună, currently Sales and Distribution Director, as Deputy Chief Executive Officer. The nomination has been approved by the Financial Supervisory Authority (ASF) and will be registered with the National Trade Register Office. Codruța Furtună will continue to oversee the Sales and Distribution area in Allianz-Țiriac, playing a key […]
