Industry | 30 May, 2025 at 4:21 PM
Teknia to use EIB loan for R&D investments in Europe
Teknia, a Spanish multinational specializing in automotive components, has received a €30 million loan from the European Investment Bank (EIB).
Teknia, a Spanish multinational specializing in automotive components, has received a €30 million loan from the European Investment Bank (EIB).
Chinese EV maker BYD has officially launched in Romania and is introducing a range of 100% electric and plug-in hybrid models to the country's automotive market.
Chinese car maker Chery has officially announced its entry into the Romanian market through a partnership agreement with Auto Italia Group, part of the Samelet Group.
Solero Technologies, a global supplier of automotive components, has announced a significant expansion into Europe through the acquisition of Kendrion's automotive business.
Holland Automotive Group of Canada has acquired the dealerships of Forza Rossa and British Motors in Romania.
Romania's automotive industry experienced a production decrease in the first months of 2025, even as the second-hand car market continues to grow.
With an extended lifespan of up to 5 years and superior beam quality, the bulbs are designed for use in low beam, high beam, and position lights.
In the current economic context, buying a car can pose a significant expense for Romanians, and securing favorable financing terms isn't always straightforward.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romanian tech company Metaminds, which supplies digitalization services for both the private sectors, named Ovidiu Ghiman as its new CEO, replacing Andrei Cruceru.