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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Capital Market

Romanian Shares Close Flat, On Moderate Trading

Bucharest shares closed undecided Tuesday, on moderate activity, while more than half of the overall traded value came from deal market transactions.

Andrei Cîrchelan · 30.08.2011 · 17:25 · 1 min
Automotive

Italian Pirelli To Invest EUR450M In Romania By 2014

Italian group Pirelli on Tuesday said it has invested more than EUR300 million in Romania and it plans to invest a total EUR450 million by 2014, in two tire and metal cord plants.

Andrei Cîrchelan · 30.08.2011 · 16:07 · 1 min
Energy

Termica SA Guarantees Coal Purchase With Green Certificates

Thermal power producer Termica SA on Tuesday said it has used green certificates as guarantees for the purchase of some 30,000 tons of coal, with the buyback set for February.

Andrei Cîrchelan · 30.08.2011 · 14:21 · 1 min
Fondul Proprietatea Buys Back 0.014% Stake For RON0.92M
Capital Market

Fondul Proprietatea Buys Back 0.014% Stake For RON0.92M

Investment fund Fondul Proprietatea (FP.RO) bought back last week 0.014% of its own shares, paying 920,000 lei (EUR217,000), leaving fund manager Franklin Templeton with RON7.62 million in t...

Andrei Cîrchelan · 30.08.2011 · 11:54 · 1 min
Energy

Dafora Medias Starts Drilling On E Romania Adjud Block

Dafora Medias (DAFR.RO) announced Tuesday that it has started drilling with the first rig on the Adjud block leased by US Hunt Oil in partnership with OMV Petrom (SNP.RO).

Andrei Cîrchelan · 30.08.2011 · 11:24 · 1 min
Capital Market

Leu Opens Stronger Vs Euro, On Foreign Trading

The leu opened Tuesday stronger against the euro, following transactions on foreign markets after the closing bell in Bucharest.

Andrei Cîrchelan · 30.08.2011 · 10:59 · 1 min
Capital Market

Romanian Shares Open Up, On Average Trading

The Bucharest bourse opened Tuesday with an increase, on moderate traded values, while the bulk of activity was focusing on Fondul Proprietatea (FP.RO) and the SIFs.

Andrei Cîrchelan · 30.08.2011 · 10:49 · 1 min
Capital Market

Bucharest Shares Close High On Positive Sentiment

The Bucharest bourse closed Monday clearly in the green, after an end-session rally prompted by positive developments in international markets.

Andrei Cîrchelan · 29.08.2011 · 17:40 · 1 min
Companies May Pay 10% More For Gas Starting October – Sources
Energy

Companies May Pay 10% More For Gas Starting October – Sources

Industrial gas consumers will pay prices higher by up to 10%, most likely starting October, according to agreements between the government and the International Monetary Fund, people close t...

Andrei Cîrchelan · 29.08.2011 · 14:10 · 1 min
Real Estate

Bucharest Retail Property Market Seen As “Hot” In “Fair Value” Index- DTZ

Realty investors find the Bucharest retail segment one of the most attractive in Europe, as compressed yields and higher rents bring substantial capital increase in the medium term, accordin...

Andrei Cîrchelan · 29.08.2011 · 13:34 · 1 min
Capital Market

Leu Opens Stronger Vs Euro, On Euro Sales

The leu opened Monday higher against the euro, backed by euro sales, but traded volumes were low.

Andrei Cîrchelan · 29.08.2011 · 10:58 · 1 min
Capital Market

Romanian Shares Open Up, Eyes On Financials

The Bucharest bourse opened Monday in the green, with moderate traded values, while the bulk of activity was focusing on investment fund Fondul Proprietatea (FP.RO) and the five regional inv...

Andrei Cîrchelan · 29.08.2011 · 10:50 · 1 min