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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Leu Opens Stronger Vs Euro, Peers Rise Timidly
Capital Market

Leu Opens Stronger Vs Euro, Peers Rise Timidly

The Romanian leu opened Wednesday slightly stronger against the euro, amid quiet trading, while other currencies in the region were also gaining inches versus the European coin.

Andrei Cîrchelan · 18.05.2011 · 11:16 · 1 min
Bucharest Shares Open Up, On Dull Trading
Capital Market

Bucharest Shares Open Up, On Dull Trading

The Bucharest bourse opened Wednesday on a rising trend, while investor activity in the market remained moderate to low, keeping the pace seen over the past several days.

Andrei Cîrchelan · 18.05.2011 · 10:43 · 1 min
Capital Market

UPDATE: GM Invest Sells 22% Stake In VES Sighisoara For RON2M

Bucharest-based brokerage firm GM Invest on Tuesday sold a 22% stake in Romanian stoves and pots maker VES Sighisoara (VESY.RO) in one transaction on the Bucharest bourse’s deal market, for...

Andrei Cîrchelan · 17.05.2011 · 19:12 · 1 min
Bucharest Shares Close Down, Despite Optimistic Start
Capital Market

Bucharest Shares Close Down, Despite Optimistic Start

The Bucharest bourse closed Tuesday on a declining trend, despite an optimistic start of the session, due to decreases in most of the blue-chips.

Andrei Cîrchelan · 17.05.2011 · 17:12 · 1 min
UniCredit Business Partner Rents 10,000 Sqm In Novo Park
Real Estate

UniCredit Business Partner Rents 10,000 Sqm In Novo Park

UniCredit Business Partner, the back-office unit of the UniCredit group, rented 10,000 square meters in Bucharest’s Novo Park, the largest transaction on the office market so far in 2011.

Andrei Cîrchelan · 17.05.2011 · 16:38 · 1 min
Energy

Termica Suceava To Use Eco-Pass Money To Buy Coal

Thermal power producer Termica Suceava will use the money obtained by selling greenhouse gas emission certificates to buy coal for heating in the winter of 2011-2012, Suceava mayor Ion Lungu...

Andrei Cîrchelan · 17.05.2011 · 16:35 · 1 min
Rompetrol Cuts RON0.12/Liter Off Diesel Prices, Raises Gas Price By RON0.09/Liter
Automotive

Rompetrol Cuts RON0.12/Liter Off Diesel Prices, Raises Gas Price By RON0.09/Liter

Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, Tuesday increased pump prices for gasoline by 0.9 lei (EUR0.22) per liter and decreased diesel pump prices by RON0.12...

Andrei Cîrchelan · 17.05.2011 · 16:07 · 1 min
Mariana Diaconescu Named President Of Asirom, After Boris Schneider's Departure
Banks-Insurance

Mariana Diaconescu Named President Of Asirom, After Boris Schneider's Departure

Romanian insurer Asirom on Monday appointed vice-president Mariana Diaconescu as Board president, replacing Boris Schneider who left the company.

Andrei Cîrchelan · 17.05.2011 · 14:49 · 1 min
Analysis

Deloitte: Central Europe Equity Funds Prepare New Acquisitions

Central European equity funds, including those operating in Romania, are more optimistic about economic outlooks in the region this year, seeking new investments over the next six months, co...

Andrei Cîrchelan · 17.05.2011 · 14:43 · 1 min
Rombat Posts 10% Higher Net Profit In First Quarter, At RON7.2M
Automotive

Rombat Posts 10% Higher Net Profit In First Quarter, At RON7.2M

Romanian car batteries maker Rombat Bistrita on Tuesday reported a net profit of 7.2 million lei (EUR1.7 million) in the first quarter of the year, up 10% on the same interval of 2010.

Andrei Cîrchelan · 17.05.2011 · 13:55 · 1 min
Durable Goods Market Widens 10% In First Quarter - GfK
Retail&Consumer

Durable Goods Market Widens 10% In First Quarter - GfK

The durable consumer goods market widened by 10.7% on the year in the first quarter of 2011, to EUR307 million, according to a GfK Temax survey released Tuesday.

Andrei Cîrchelan · 17.05.2011 · 11:58 · 1 min
Capital Market

Leu Opens Flat, In Line With Peers

The leu opened flat against the euro Tuesday, on a quiet market, while other currencies in the region were seeing similar evolutions.

Andrei Cîrchelan · 17.05.2011 · 11:05 · 1 min