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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Increasing Gas Storage Capacity Would Cost Romania Over EUR750M
An increase in the natural gas storage capacity in Romania and the rehabilitation of the transport system would require an investment of more than EUR750 million, according to a report of st...
Bucharest Shares Close Down, On Final Lap Decline
The Bucharest bourse closed Friday in the red, after staying above par throughout most of the session and falling in the end-game, with liquidity driven by Fondul Proprietatea (FP.RO) and de...
Romania To Renegotiate Gas Volumes, Prices With Gazprom
Romania will launch negotiations with Russian company Gazprom, to increase the volume of gas transited locally to 10 billion cubic meters, from two billion, as well as to increase the quanti...
Assets of Bakery Firm Spicul Auctioned Off For RON40M
A court-appointed executor will sell assets of Romanian bread maker Spicul, including a plant and a warehouse, at a starting price of 39.7 million lei (EUR9.5 million) next week, according t...
BRD Stake Sold On Bucharest Deal Market For RON14.2M
A 0.14% stake in Romanian lender BRD-Groupe Societe Generale (BRD.RO) Friday was sold on the deal market of the Bucharest Stock Exchange, for 14.2 million lei (EUR3.4 million).
Bucharest Shares Close Slightly Up, On Moderate Trading
The Bucharest bourse closed Thursday with a slight increase, on moderate turnover, dominated, as usual, by Fondul Proprietatea (FP.RO) trades.
OMV Petrom To Pay Up To RON31,100 Per Laid Off Employee
Romanian oil company OMV Petrom (SNP.RO) will pay compensation between 18,360 lei (EUR4,400) and RON31,100 for employees laid off, according to the public offering prospectus written as the...
H&M To Open Store In Constanta; Rents 1,800 Sqm In Maritimo Shopping Center
Swedish clothing retailer H&M will launch this fall a store in southeastern Romanian city Constanta, in the Maritimo Shopping Center developed by Austrian investment company Immofinanz.
Romania Faces EU Infringement On Oil Reserve Gaps
Romania has until December 31 to build its minimum required reserves of crude and oil products for this year, as well as covering last year’s reserve deficit, otherwise the European Commissi...
Ursus Breweries Launches Revamped Beer Plant In Cluj-Napoca
Romanian beer maker Ursus Breweries, part of the SABMiller group, on Thursday said it has resumed beer production at its Cluj-Napoca plant, using a mini-plant set up in the former unit, whic...
Leu Opens Stronger Vs Euro, On Reduced Activity
The Romanian leu opened Thursday slightly stronger against the euro, in line with other currencies in the region, but activity in the market was reduced.
Bucharest Shares Inch Up, Trading Slumps
The Bucharest bourse opened Thursday with a slight increase, although activity was reduced in the market, focused mainly on shares of oil company OMV Petrom (SNP.RO), after the announcement...