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Andrei Cîrchelan

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

MOL Reports 1.1% Rise In 1H Romania Volumes

Hungarian oil company MOL on Tuesday said it has registered a 1.1% year-on-year rise in its first-half Romania sale volumes, and its market share widened to 12%, from 11% in the same interva...

Andrei Cîrchelan · 16.08.2011 · 15:09 · 1 min
Capital Market

SIFs' Net Assets Fall In July To RON7.1B

The cumulated net asset value of Romania’s five regional investment funds, or SIFs, dropped 0.65% in July, to 7.113 billion lei (EUR1.66 billion), from RON7.16 billion at the end of June.

Andrei Cîrchelan · 16.08.2011 · 13:48 · 1 min
Capital Market

Electoarges 1H Net Profit Up 23% To RON4.3M

Romanian household appliance maker Electroarges Curtea de Arges (ELGS.RO) Tuesday reported a net profit of 4.3 million lei (EUR1 million) for the first half, up 23% from RON3.5 million in th...

Andrei Cîrchelan · 16.08.2011 · 13:01 · 1 min
Capital Market

Cemacon 1H Net Profit Doubles At RON1.6M

Romanian brick maker Cemacon Zalau (CEON.RO) on Tuesday reported a net profit of 1.6 million lei (EUR390,000) for the first half, almost doubled from RON870,000 in the same interval of 2010.

Andrei Cîrchelan · 16.08.2011 · 12:45 · 1 min
Capital Market

Carbochim Posts RON1M Net Profit In First Half

Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO) on Tuesday reported net profit slightly one million lei (about EUR250,000) for the first half of this year, double the RON520,000 prof...

Andrei Cîrchelan · 16.08.2011 · 12:35 · 1 min
Capital Market

Bucharest Shares Close Down, Amid Trading Apathy

The Bucharest bourse closed Friday with a slight decline, on moderate traded values secured mostly from transactions in investment fund Fondul Proprietatea (FP.RO).

Andrei Cîrchelan · 29.07.2011 · 17:09 · 1 min
TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR
Banks-Insurance

TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR

Romanian steel pipe maker TMK Artrom Slatina (ART.RO), part of Russian steel group TMK, Friday said it plans to take out loans worth a total EUR60 million from UniCredit Tiriac Bank and Banc...

Andrei Cîrchelan · 29.07.2011 · 13:05 · 1 min
Capital Market

Socep First Half Net Profit Jumps To RON5M

Harbor operator Socep Constanta (SOCP.RO) on Friday reported a net profit of 5 million lei (EUR1.2 million) in the first half of the year, compared to RON628,000 in January-June 2010.

Andrei Cîrchelan · 29.07.2011 · 11:04 · 1 min
Capital Market

Shares Open Flat, Amid Market Apathy

The bourse opened Friday with some insignificant oscillation, on low traded volumes, focused mainly on the traditional liquidity drivers.

Andrei Cîrchelan · 29.07.2011 · 10:47 · 1 min
Capital Market

Leu Holds Ground Vs Euro, In Quiet Mkt

The leu opened flat against the euro Friday, weakening early on euro buy orders but soon regaining the ground lost momentarily.

Andrei Cîrchelan · 29.07.2011 · 10:41 · 1 min
Energy

Romgaz Medias Posts RON488M Net Profit In First Half

Gas producer Romgaz Medias posted a net profit of 488 million lei (EUR115 million) in the first half of the year, on RON1.99 billion sales, according to financial results published Friday.

Andrei Cîrchelan · 29.07.2011 · 10:23 · 1 min
Real Estate

More Than Half Of Romanians Prefer Building Their Own House - Poll

Over 50% of Romanians would prefer to build a house from scratch against buying it ready-made, according to a survey of Wienerberger, the largest by brick maker in Romania.

Andrei Cîrchelan · 28.07.2011 · 17:31 · 1 min