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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
KPMG: Romanian Companies See Wider Fraud Amid Crisis
The global economic crisis has brought about an increase in fraud for most Central and Eastern Europe states, including Romania, over the past two years, according to a survey by audit and c...
One Third Of Electroarges Sold For RON5M On Bucharest Bourse
A 29.62% stake in Romanian vacuum cleaners maker Electroarges (ELGS.RO) was sold Thursday on the Bucharest Stock Exchange for nearly 5 million lei (EUR1.1 million).
Ropharma Adds RON2.9M To Teo Health Share Capital Hike
Romanian medicine wholesaler Ropharma Brasov (RPH.RO) on Thursday said it will contribute 2.9 million lei (EUR685,000) to the share capital increase of private healthcare provider Teo Health...
Bucharest Shares Close High, Eyes On BRD
The Bucharest bourse closed Wednesday with an increase, after a session-long upward tendency, while lender BRD-Groupe Societe Generale (BRD.RO) overtook investment fund Fondul Proprietatea (...
Economy Ministry: State-Run Companies To Invest RON16.7B By Yearend
The Romanian Economy Ministry on Wednesday announced that 18 companies it controls will complete investment worth a total 16.7 billion lei (EUR3.9 million) between July and December 2011, tw...
Oltchim Keeps President Until Next Shareholder Meeting
Romanian chemical company Oltchim (OLT.RO) did not appoint a new board president on Tuesday, thus Constantin Roibu stays on as interim board president until the next meeting.
Flanco Retail Appoints New Marketing Director
Electronics retailer Flanco Retail on Wednesday said it has appointed Violeta Luca as marketing director starting September 1.
Piraeus Bank Romania Sees 28% Drop In 1H Pretax Profit, To RON43.7M
Piraeus Bank Romania registered a pretax profit of 43.7 million lei (EUR10.35 million) in the first half of the year, under Romanian accounting standards, down 28% on the same interval of th...
Amonil Changes Activity To Electricity Production
Shareholders of Amonil Slobozia (AMO.RO) agreed Monday to change the company’s main segment of activity from fertilizer maker to electricity producer, according to a news release issued Wedn...
Romanian Shares Open Undecided, SIFs Rise
Shares traded on the Bucharest Stock Exchange opened Wednesday below par, on little to no trading, while the five regional investment funds, or SIFs, were seeing significant gains.
Leu Opens Stronger Vs Euro, Weakens Early
The leu edged up against the euro at opening Wednesday, but it soon lost the ground gained, as players started buying euro.
Societe Generale Buys 0.3% In BRD For RON24M
French bank Societe Generale Tuesday paid 24 million lei (EUR5.6 million) for a 0.29% stake in its Romanian unit BRD (BRD.RO), increasing its holding to 58.67%.