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Andrei Cîrchelan

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

Bucharest Stocks Open Down, SIFs Buck Trend

The Bucharest bourse opened down Friday, on low trading values, while the five regional investment funds, or SIFs, were staying in the green, and most of activity was focusing on investment...

Andrei Cîrchelan · 23.03.2012 · 11:16 · 1 min
Oltenia Cluster Companies Are Currently Investing EUR1B
Energy

Oltenia Cluster Companies Are Currently Investing EUR1B

The companies that will form state-owned power production cluster CE Oltenia are unfolding investment worth a total EUR1 billion, including conformity with EU environment norms and mining ac...

Andrei Cîrchelan · 22.03.2012 · 17:39 · 1 min
Capital Market

Bucharest Bourse Closes Down, Energy Stocks End Higher

The Bucharest bourse closed Thursday with a decline, on very low traded values, but the energy stocks pushed higher.

Andrei Cîrchelan · 22.03.2012 · 17:38 · 1 min
Furniture Exports Up 17% YY In 2011, To EUR1.38B
Retail&Consumer

Furniture Exports Up 17% YY In 2011, To EUR1.38B

Furniture exports widened by 17% on the year in 2011, to a record EUR1.38 billion, according to local furniture maker association APMR.

Andrei Cîrchelan · 22.03.2012 · 14:45 · 1 min
Sterling Secures 40% In Third Black Sea Oil Block
Energy

Sterling Secures 40% In Third Black Sea Oil Block

Midia Resources SRL, owned by Canadian Sterling, will take over 40% of an oil block in the Black Sea, currently leased by Melrose and Petromar.

Andrei Cîrchelan · 22.03.2012 · 14:36 · 1 min
Vulcan Bucuresti Inks $54M Deal With Kuwait Oil Company
Energy

Vulcan Bucuresti Inks $54M Deal With Kuwait Oil Company

Steam generator maker Vulcan Bucuresti (VULC.RO), owned by businessman Ovidiu Tender, on Thursday announced it has won an auction held by Kuwait Oil Company to deliver equipment worth a tota...

Andrei Cîrchelan · 22.03.2012 · 12:07 · 1 min
Energy

Rompetrol Well Services Proposes RON0.029 Dividend

Rompetrol Well Services (PTR.RO), the rig services division of oil group Rompetrol, on Thursday proposed a gross dividend of 0.029 lei (EUR0.0066) for 2011, compared to RON0.015 dividend pai...

Andrei Cîrchelan · 22.03.2012 · 12:01 · 1 min
Capital Market

Leu Opens Flat Vs Euro, In Quiet Trading

The leu opened flat against the euro Thursday, in a quiet market where players showed little interest in trading..

Andrei Cîrchelan · 22.03.2012 · 10:55 · 1 min
Capital Market

Bucharest Stocks Open Down, Trading Picks Up

The Bucharest bourse opened Thursday with a decline, on slightly higher traded values, while investors were mainly focusing on investment fund Fondul Proprietatea (FP.RO) and state-owned gas...

Andrei Cîrchelan · 22.03.2012 · 10:41 · 1 min
Bucharest At Bottom Of DTZ Shopping Center Floor-Space Chart
Real Estate

Bucharest At Bottom Of DTZ Shopping Center Floor-Space Chart

Bucharest’s shopping center floor-space per thousand people stands at 185 square meters, one of the lowest rankings in Europe, after Paris with 141 sqm and Vilnius with 130 sqm, according to...

Andrei Cîrchelan · 21.03.2012 · 17:40 · 1 min
Capital Market

Bucharest Stocks Close Up, SIFs Drop

The Bucharest bourse closed up Wednesday, with investors mainly eyeing financial stocks, but the five regional investment funds (SIFs) fell almost 0.6%.

Andrei Cîrchelan · 21.03.2012 · 17:30 · 1 min
Banks-Insurance

Erste Extends BCR Buyback Deadline Until May 25

Erste Group Bank (EBS.RO), majority holder of Romanian lender BCR, extended until May 25 the deadline for the operation where it plans to buy a 0.365% stake in BCR.

Andrei Cîrchelan · 21.03.2012 · 16:56 · 1 min