Ford emerges as second brand on Romanian car market

Ford emerges as second brand on Romanian car market

Jan 20, 2020

The market share of Ford on the Romanian car market (including passenger cars and commercial vehicles) reached 8.58% in 2019, and the number of registrations reached 16,168 units, the company said in a statement released last week, according to Romania-Insider.com. The U.S. car producer, which operates a factory at Craiova, in southern Romania, was thus the...

Igloos replace Romania’s ice hotel as warm weather hinders construction

Igloos replace Romania’s ice hotel as warm weather hinders construction

Jan 19, 2020

The Ice Hotel built yearly at Bâlea Lake, in central Romania’s Făgăraș Mountains, will be replaced this year by an igloo village because of the unfavorable weather conditions, says Romania-Insider.com. Because of the warm weather, the builders are unable to extract ice from the Bâlea Lake; instead, they will build igloos made out of snow. It is the first...

Fitch affirms Romania’s Banca Transilvania at ‘BB+’, outlook stable

Fitch affirms Romania’s Banca Transilvania at ‘BB+’, outlook stable

Jan 19, 2020

Fitch Ratings said it has affirmed the long-term issuer default rating (IDR) of Romania’s Banca Transilvania at ‘BB+’, with a stable outlook, and the bank’s viability rating (VR) at ‘bb+’, according to SeeNews.com. The IDRs of Banca Transilvania are driven by its standalone creditworthiness as reflected in its VR, Fitch said...

Business Review: Telco industry struggles to find new profits in 5G technology

Business Review: Telco industry struggles to find new profits in 5G technology

Jan 18, 2020

The future growth of telecommunication companies around the world will be affected by their ability to create and own seamless customer experiences, according to Mazars’ recent Future of Telcos study. The study looks at the forces at play in the battle to win the customer experience and how important is 5G to the future of telcos’ growth, according to...

Company in Tesla group to finance Romanian football club

Company in Tesla group to finance Romanian football club

Jan 18, 2020

A company that is part of Tesla group, the world’s most valuable automobile producer, will provide EUR 27 million financing to Romanian football club CFR Cluj, according to Romania-Insider.com. The football club will sign a sponsorship contract over a 3-year period with drone manufacturer Electric Visionary Aircraft (EVA), part of the American group...

European Festival Awards: Three prizes go to Transylvania

European Festival Awards: Three prizes go to Transylvania

Jan 17, 2020

Three prizes granted by the European Festival Awards have gone to Romanian events and managers after the gala held on January 15 at De Oosterpoort, Groningen, in the Netherlands, according to Romania-Insider.com.   Codruța Vulcu, the founder and director of ARTmania, the art and rock music festival held in Sibiu, received the Award for Excellence &...