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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Leu Strengthens Vs Euro, On Improved Sentiment
The Romanian leu strengthened versus the euro Thursday, in line with other currencies in the region, after France and Germany reached common ground on new bailout package for Greece.
Bucharest Shares Open Up, On Dull Trading
The Bucharest bourse opened Thursday with a rising tendency, but activity in the market was low, focused mainly on financial stocks and investment fund Fondul Proprietatea (FP.RO).
Romania Adds Five Years To Petrom’s Lease On Neptun Block
The drilling rights of oil company OMV Petrom (SNP.RO) on the Neptun block in the Black Sea have been extended by another five years, according to a Romanian Government decision issued Wedne...
SSIF Broker Buys 10% In VES Sighisoara For RON0.8M
Romanian brokerage firm SSIF Broker (BRK.RO) on Wednesday bought a 10% stake in pots and stoves maker Ves Sighisoara (VESY.RO) for 796,000 lei (EUR188,000).
Bucharest Shares End Slightly Up, On Low Volumes
The Bucharest bourse closed Wednesday with a minor increase, after oscillating throughout the day, while more than two thirds of the overall traded value came from transactions in Fondul Pro...
Porsche Inter Auto Romania Sales Rose 40% In 1H, To 3,500 Cars
Porsche Inter Auto Romania, a network of five dealerships selling Volkswagen, Audi, Skoda, Seat, Porsche, Bentley and Weltauto cars, posted a 40% year-on-year rise in its first half sales vo...
Macro Network Opens Four New Stores In EUR2M Investment
The Mercadia Holland BV group, owned by Romanian businessman Dinu Patriciu, will invest EUR2 million in four new Macro stores, the company said Wednesday.
Eurolines Romania To Take Over Local TUI Operations
Romanian tourism group Eurolines on Wednesday said it will take over the local operations of German group TUI and integrate the TUI-owned touroperator Danubius Travel.
Calipso Oradea Borrows EUR5.5M For Romania’s First DoubleTree Hotel
The shareholders of Romanian Calipso Oradea, which will open a DoubleTree by Hilton hotel this year, approved the contracting of two investment loans worth 4.3 million lei (EUR1 million) and...
Intesa Sanpaolo Bank Romania Appoints New CEO
Intesa Sanpaolo Bank Romania on Wednesday said it has appointed Ezio Salvai as chief executive officer, replacing Nicola Calabro who was transferred to another bank within the group.
Bucharest Bourse Closes Up, Bank Shares Decline
The Bucharest bourse closed Tuesday with a slight increase, despite drops of bank stocks, while traded values were lower than the past sessions' average.
Bucharest Radisson Hotel Owner Borrows EUR71.5M From Raiffeisen Bank
Romanian hotel operator Bucuresti Turism (BUTU.RO), which owns Bucharest hotels Radisson Blu and Centre Ville, Tuesday said it will open credit worth EUR71.5 million at Raiffeisen Bank Inter...