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"The entire purchase made by the Chancellery is illegal, as is any settlement made by the Government on those utility vehicles. The Prime Minister's Chancellery should terminate the contract and return the vehicles. If it doesn't have cars, it should ask ANAF to find them at the confiscations - the car park is full. If it wants cars, it should make a loan at RAPPS, but it should fall within the SGG fuel quota," said Adrian Câciu. (Photo source: facebook / Adrian Câciu)

Câciu accuses the government of making illegal purchases

PSD deputy Adrian Câciu claims that the purchase of utility vehicles made by the Prime Minister's Chancellery is illegal and is demanding the termination of the contract. The reaction comes after the head of the Chancellery, Mihai Jurca,...

ERT Report: Underfunded Investments in the Development of Energy Transmission and Distribution Networks

The energy transition appears to be at a standstill as member states need total investments in transmission and distribution networks of euro800 billion by 2030 according to a study by the Energy Round Table, a body made up of the main energy...

The war industry: Unfair competition between state-owned companies and private operators

Reporter: What is the situation of the defense industry in our country?

Education Calls for Changes to Some Milestones in the National Recovery and Resilience Plan (PNRR)

Office calculations do not always align with those on the ground. The Ministry of Education has announced that it has proposed modifications to certain targets and milestones in the National Recovery and Resilience Plan (PNRR) to better reflect...

"I have witnessed the gradual and slow death of the old streets of Bucharest, which are so beautiful"

1.Reporter: Excellency, what is your opinion about the architecture of Bucharest, taking into account that, throughout your career you have been in charge of urban planning and housing construction?

"Ranked the fourth biggest company specializing in financial leasing services in Romania, VB Leasing had a positive evolution over these past few years, and its financial results are all the more impressive, when one considers that they were achieved in a very difficult socio-economic and financial context", Liviu Şerban says.

Turnover of VB Leasing has increased 6%

VB Leasing Romania, part of the European Financial Group VB Leasing International Holding GMBH, ended the year 2011 with a turnover of about 90 million Euros, up about 6% compared to 2010, said Liviu Şerban, managing director of VB Leasing...

Seven Months Through The YearNew Car Sales Down 52.5%

New car sales dropped 52.5% year-on-year to 82,821 units from the 174,414 units reported in the corresponding period of 2008, according to data centralized by the Associated Automotive Manufacturers and Importers in Romania (APIA). July sales...

APIA believes the car market would have done even worse, without the car renewal programme, which helped sell over 11,500 cars (approximately 16% of the market).

APIA Results In H1:New Car Sales Drop 55%

Cosmina Capalău

30 Mio EUR Bill For Halting Works On Basarab Bridge

• Losses to companies exceed 140 million EUR

Dacia Sales Up 37% In Q1

Dacia sales reached 62,635 units (cars and utility vehicles) in the first three months of the year, up by 37% y/y from 45,732 units, according to a press release from Renault.

Italtruck - Brasov Opens Office In Odorheiu Secuiesc

Italtruck - Brasov, an Iveco dealer, will invest 2 million EUR in opening a representative office in Odorheiu Secuiesc. The new site will include a service center and a sales center and is slated for commissioning in March 2008. Plans for next...

VB Leasing Romania Posts 15% Growth In 9 Months

Volksbank Leasing Romania financed assets worth 155 million EUR in the first nine months of the year, up by some 15% y/y following an increase in the number of contracts, Marketing Manager Octav Dumitrescu told NewsIn.

Romanian Auto Market up 23% In 7 Months

Sales of new cars on the Romanian market gained 23.3% in the first seven months of the year, compared to the corresponding period of 2006, to a total of 206,089 units, according to the Automotive Manufacturers and Importers Associations (APIA)....

Piraeus Leasing Eyes 200 Mln EUR Deals in 2007

Piraeus Leasing reported 1,850 contracts worth 90 million EUR for the first six months of the current year, thus marking a 150% increase from the same period last year, due to the company"s development strategy, according to a Piraeus Leasing...

Raiffeisen Leasing Aims for 50% Financing Growth

Raiffeisen Leasing reported 2,900 contracts worth 136 million EUR at the end of H1, thus marking a 74% increase from the 78 million EUR reported at the end of H1:2006. Vehicles account for 77% of the leasing portfolio, followed by equipment with...

Iveco Wants to Boost Romanian Sales 50%

Italian utility vehicle manufacturer Iveco has estimated Romanian sales for this year at 6,000 units, up by nearly 50% from 2006 amid strong growth on the construction market, NewsIn reports.

BRD Sogelease IFN Leasing Contracts Total 174.5 Mln EUR In 2006

BRD Sogelease IFN SA, the financial leasing arm of BRD - Group Societe Generale concluded over 3400 contracts in 2006, up by 36% from 2005. The overall value of the contracts was 174.5 million EUR, up by 43% year-on-year. Most of the contracts...

New Car Sales Up 10% in First Two Mths 2007

New car sales on the Romanian market rose by 10,3% in the first two months of 2007, compared to the correspending period of last year, reaching 38.405 units, according to data from the Association of Car Producers and Importers (APIA), quoted by...

Romstal Leasing Concluded Contracts Worth 139.2 Mln EUR In 2006

In 2006, Romstal Leasing financed 4.650 leasing contracts, worth 139.2 million euros, increasing by 93% compared to 2005. The value of financed goods amounted to 116.8 million euros, up 93% compared to last year.