Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Teraplast: 1Q Net Profit Fell 57% On Higher Raw Material Costs
Romanian plastic systems maker Teraplast (TRP.RO) Thursday reported a net profit of 1 million lei (EUR245,000), down 57% from RON2.5 million in the same interval of 2010, held back by higher...
Leu Opens Weaker Vs Euro, Peers Hold Ground
The Romanian leu opened Thursday slightly weaker against the euro, in a quiet market, while other currencies in the region were holding their ground against the European coin.
Bucharest Shares Close Down, Oltchim Jumps 15%
Bucharest-traded shares closed Wednesday clearly in the red, after pursuing a downward pattern throughout the session, as investors focused mainly on the usual liquidity drivers, especially...
Ioana Momiceanu To Manage Dinu Patriciu's Romanian Real Estate Assets
Dinu Patriciu Global Services, or DPGS, owned by Romanian businessman Dinu Patriciu, Wednesday said it has appointed Ioana Momiceanu as head of asset management for its real estate portfolio...
Drug Wholesaler Tamisa Trading Swings To Profit In 2010
Romanian drug wholesaler Tamisa Trading on Wednesday said it has switched to a profit of 240,000 lei (EUR58,760) in 2010, after four consecutive years of loss.
Gedeon Richter 1Q Sales In Romania Fell 18.7% To EUR33.1M
Hungarian drug maker Gedeon Richter Wednesday said its first-quarter sales in Romania were of EUR33.1 million, down 18.7% from EUR40.7 million in the year-earlier period, as the wholesale an...
Acvatot Earmarks EUR5M To Buy A Romanian Company
French-owned construction company Acvatot plans to expand its Romanian operations by taking over a local urban infrastructure constructor for at most EUR5 million.
Altex Sales Rose 7% In 2010 To EUR195M
Romanian household appliances and electronics retailer Altex posted sales of EUR195 million in 2010, up 7% on the year, the company's owner and president Dan Ostahie said Wednesday.
Cegedim: Romania’s 1Q Pharmaceutical Market Up 2.8% To RON2.4B
The growth of Romania’s pharmaceutical market slowed in the first quarter to just 2.8%, from 4.4% in the final quarter of 2010, market research firm Cegedim said Wednesday.
Cocor Bucuresti 1Q Net Profit Triples To RON1.5M
Romanian shopping center operator Cocor (COCR.RO) on Wednesday reported a net profit of 1.5 million lei (EUR335,000) for the first quarter, three times more than the result posted in the sam...
Low Consumption Daunts Private Equity Activity In Romania
Private equity and venture capital funds will keep discrete their presence in Romania this year, because of low consumption, which is set to recover only towards the end of the year, Wednesd...
OMV Petrom 1Q Investments At RON633M, Down 12% On Year
Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday said it has invested 633 million lei (EUR154.8 million) in the first quarter, 12% less than RON717 million in the year-earlier peri...