Renault’s car plant in Romania - Dacia, plans to resume exports of knock-down kits [CKDs] to Iran after the Islamic Republic signed a six-month agreement with Western countries, as a result of which the economic sanctions against the country were relaxed, Ziarul Financiar daily reported.
This is particularly good news for the plant and for Romania’s exports since Dacia’s exports to Iran amounted to EUR 420mn last year.
Following the lifting of the economic sanction on Iran, the activity of the Dacia car plant in Romania will predictably speed up, a Renault Romania spokesperson confirmed.
Renault assembles in Iran early models of Logan under the Tondar 90 badge. As of July 2013, the deliveries of CKDs from Romania to Iran were stopped following the economic sanctions against Tehran.
Last year, Renault sold 101,000 automobiles in Iran and held a 10% market share. Out of the total sales, 60,510 units [down from 66,000 units in 2011] were Tondar 90 assembled from CKDs delivered by the Romanian plant. Tondar 90 was the fourth best sold model on the Iranian market in 2012. The Iranian market was the eighth largest market for the French car maker.
Iran has agreed to curb some of its nuclear activities in return for about USD 7bn in a sanctions relief following days of intense talks in Geneva, BBC reported. Representatives of the US, the UK, Russia, China, France and Germany reached the agreement with Iran in the early hours of November 24.
Romania’s former prime minister Dacian Ciolos, who headed a cabinet of technocrats in 2015-2016, has announced plans to found a political party based on his Romania 100 civic platform. Ciolos plans ... more
The European Commission said that will refer Bulgaria and Romania, along with Luxembourg and Spain, to the Court of Justice of the EU as they have failed to notify ... more
Brico Depot Romania, owned by UK-based DIY and home improvement products retailer Kingfisher, has completed the acquisition of its peer Praktiker Romania, local media reported on December 4. The ... more