Romania, the Czech Republic and Slovenia - part of six countries group where car production increased last yearPublish date: Astazi, 04-05-2010
Out of the 39 states that produced over 10,000 cars last year, only six recorded production growth. Romania is one of them. The other five are China, India, the Czech Republic, Taiwan and Slovenia, according to the International Organization of Motor Vehicle Manufacturers (OICA). The global car production dropped 13.5% last year, from around 70 million automobiles to 60 million. For the first time, China was world leader.
China produced 13.79 million cars, namely a 48% plus against 2008. Japan came second, with 7.9 million units, dropping 31%, while the US ranked third, with 5.71 million units, a 34% cut in production. Just like in China, where there is little monitor, the Indian market, too, has got potential and the production went up to 20.9%, to around 296,000 units. In the Czech Republic, the automobile production came close to a million units, while in Poland it neared 900,000 units.
At the other pole are the countries where the car production plummeted. For example, in Ukraine, the production dropped by 84%, from around 420.000 cars in 2008 to below 70,000 last year. Russia, too, had had a bad year, with its production recording a 60% minus, from over 1.7 million automobiles to 722,000. In Austria, the production dropped by 53% and in other countries, like Hungary, Sweden, Uzbekistan, the Netherlands and Egypt, the cuts were bigger than 40%.
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei