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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Bucharest Shares End Flat, After Eventless Session
The Bucharest bourse closed almost flat Thursday, on average traded values, as the large part of activity focused on financials and oil company OMV Petrom (SNP.RO).
Wu Xing Takeout Restaurant Plans Nationwide Expansion
Romanian company CSC Exim 92, owner Chinese takeout restaurant Wu Xing, will open three regular service units in Bucharest malls over the next several years, and it is considering expansion...
Farmec Plans EUR1M Investment In 2011
Romanian cosmetics maker Farmec Cluj-Napoca plans to invest over EUR1 million this year, mainly in production and an widening of its car fleet, company general manager Mircea Turdean told ME...
Lafarge Posts 1.4% Drop In First Half Romania Sales
French cement producer Lafarge posted a 1.4% decline in first half sales on the Romanian market, according to the group's financial report published Thursday.
Nationwide Electrification Would Cost Romania EUR211M
Romania would need to invest some EUR211 million to connect some 60,600 unconnected households to the national power grid, Thursday said Marian Geanta, development manager of state-owned ele...
Retrasib 1H Net Profit Dives To RON0.95M
Romanian transformer maker Retrasib Sibiu (RTRA.RO), owned by Octavian and Calin Buzoianu, Thursday reported a first-half net profit of 951,000 lei (EUR224,000), down from RON2.51 million in...
Cora Opens Hypermarket In City Park Constanta, With EUR4.5M Investment
Retailer Cora launched Thursday a new hypermarket in southeastern Romanian city Constanta, in the City Park mall, following an investment of EUR4.5 million.
Bucharest Shares Open Down, SIFs Buck Trend
The Bucharest bourse opened Thursday with a slight decline, on reduced traded values, while investment fund Fondul Proprietatea (FP.RO) was driving liquidity and the SIFs were seeing moderat...
Oltchim Seeks Loans Worth EUR250M For Investments, Working Capital
Romanian chemical company Oltchim (OLT.RO) plans to take out loans worth a total EUR250 million, to fund investment and working capital, according to its shareholder meeting summoning announ...
Leu Down Vs Euro In Early Trade, On US Debt Worries
The Romanian leu opened weaker versus the euro Thursday, on negative sentiment caused by the political deadlock on the debt ceiling in the United States.
Orange Romania Posts 5.6% Drop In First Half Revenue, To EUR457M
Telecom operator Orange Romania posted revenue of EUR457 million in the first half of the year, down 5.6% from EUR484 million in the same interval of 2010.
INS: Housing Permits Down 8.5% YY In June, To 4,161
Romanian authorities issued 4,161 buildings permits for residential projects in June, down 1.8% on the month and 8.5% fewer on the year, the statistics institute INS said Thursday.