• austriantimes.at
• croatiantimes.com
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

25. 01. 12. - 12:00

• more Business news...
• RSS Feed Business

25. 01. 12. - 12:00

Ford starts B-Max production in Romania

Romanian Times

Auto maker Ford announced today (Weds) it would produce around 45,000 to 50,000 units of the B-Max model, at the plant in Craiova, southern Romania.

Jan Gijsen, CEO and president of Ford Romania, said production would start in the second quarter.

For 2013, there are 100,000 B-Max units planned to be produced by Ford at the Craiova plant.

The production of engines for other Ford plants is also planned and will increase at the Romanian plant.

The new B-Max model was announced last year, as a new small car with sliding doors.

Ford sold only 5,547 units last year in Romania.

The U.S. carmaker has invested 350 million Euros so far in operations carried out in Craiova.

Ford announced last autumn that it would postpone the start of the production of small class cars at Craiova for one year, which should be produced at a rate of 150,000 units per year.

Ford became the main shareholder in the Craiova-based plant in 2007 after buying a 72.4 per cent stake from the Romanian state for 57 million Euros. Ford later increased its stake to over 90 per cent.

The U.S. car manufacturer launched its first Transit Connect model assembled in Craiova in September 2009.

Health minister considers taxing fast food and beer
The new Health Minister Vasile Cepoi said today (Thurs) that the next Health Care Law might include a new tax on fast food and beer, local press informs.

Romania wont ratify ACTA
Romania will not ratify the highly controversial (Anti-Counterfeiting Trade Agreement)ACTA until the agreement won't be altered as to comply with demands recently formulated by the European Court of Justice, the minister of Communication Dan Nica told a press conference today (Thurs).

Romania wont ratify ACTA
Romania will not ratify the highly controversial (Anti-Counterfeiting Trade Agreement)ACTA until the agreement won't be altered as to comply with demands recently formulated by the European Court of Justice, the minister of Communication Dan Nica told a press conference today (Thurs).

Government to introduce ‘Robin Hood’ tax on oil companies
Minister of Economy Daniel Chitoiu announced today (Weds) that the government is working on a piece of legislation on introducing a supplementary tax on the exceptional incomes of the oil companies that should be passed by the year end and implemented as of 2013.

Education Minister stepps down amid plagiarism accusations
Ioan Mang, the education minister appointed only two weeks ago together with the new cabinet of Social Liberal Union (USL) leader Victor Ponta, resigned Tuesday (yesterday) night.

Brancusi’s son doesn’t want his father remains to be moved to Romania
John Moore, the only child of sculpture Constantin Brancusi, reacted to Romania’s intention to repatriate the remains of his father, saying his last will was to be buried in Paris at Montparnasse, Libertatea newspaper informs today (Weds).

Romania back in recession, growth to resume in H2
Romania officially entered recession today, following the figures published by the National Statistics Institute (NSI) that show a decrease of the GDP for two consecutive quarters (Q).

Police head sacked over underground boss runaway row
The head of the Romanian Police Liviu Popa (picture) was sacked today (Tues) by Home Affairs Minister Ioan Rus, the ministry informs.

UK Ambassador Harris says new Cabinet took right decisions so far
The UK Ambassaodr in Romania, Martin Harris says Victor Ponta’s new government got off on the right foot by making clear that its economic policy will continue to be framed within the programme agreed between Romania and the EU, World Bank, and IMF.

Carmen Sylvas x-rayed hand to be auctioned
A x-ray of the left hand of Romanian Queen Elisabeta will be auctioned in Bucharest by Artmark auction house, Libertatea newspaper informs today (Tue).