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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Petrom Group 1Q Hydrocarbon Output Up 1% YY, To 16.78M Boe
Romanian oil group OMV Petrom (SNP.RO) Wednesday reported a 1% year-on-year increase in its first quarter hydrocarbon production, driven by higher gas production in Romania and higher hydroc...
Leu Gains In Early Trade, On Euro Sale Orders
The Romanian leu opened stronger against the euro Wednesday and extended gains soon after on euro sale orders, before losing some ground later on.
Bucharest Bourse Opens Slightly Up, Blue-Chips Decline
Shares traded on the Bucharest Stock Exchange opened Wednesday on a generally upward trend, but blue-chips were dragged down by declines of investment fund Fondul Proprietatea (FP.RO) and ga...
OMV Petrom Turns Arpechim Refinery Into Oil Products Terminal
Romanian oil company OMV Petrom (SNP.RO) will permanently shut down the Arpechim refinery over the next several months, turning it into a storage unit for crude and oil products, the company...
OMV Petrom Drops Capital Increase Plan, On Improved Cash Position
Romanian dominant oil company OMV Petrom (SNP.RO) decided to give up its plan for a EUR600 million share capital increase, as its financial position has improved in the past year, the compan...
OMV Petrom Net Profit Rises 4% To RON841M In 1Q
Romania's largest oil company OMV Petrom (SNP.RO) Wednesday reported a net profit of 841 million lei (EUR199 million) in the first quarter, up 4% on the year, fueled by a 27% increase in sal...
OPCOM Reacts To Austrian Ambassador’s Statements
The creation of another energy bourse in Bucharest would go against the European model, and a similar initiative failed in Hungary recently, Romanian energy market operator OPCOM said Tuesda...
IT Supplier Romsys Sales Jump To EUR42M In 2010
Romanian IT supplier Romsys, part of Austrian group New Frontier Holding, posted sales of EUR42 million in 2010, compared to some EUR24.5 million the year before, the company announced Tuesd...
Romanian Open-End Funds' April Net Subscriptions At RON102.8M, Down 47.3% On Month
Romanian open-end investment funds drew net subscriptions worth 102.8 million lei (EUR25.14 million) in April, while the overall value of their net assets rose 1.3% on the month, to RON6.23...
Romanian Oltchim Buys Petrom Installations For RON1.6M
Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it has bought several installations owned by oil company OMV Petrom (SNP.RO) in Arges county for 1.6 million lei (EUR0....
Actavis Romania Plans 15%-20% Increase In Sales For 2011
Icelandic pharmaceutical group Actavis plans to increase its Romanian sales by 15%-20% this year, from EUR93 million in 2010, Actavis Group chief executive officer Claudio Albrecht said Tues...
Ranbaxy 1Q Sales In Romania Up 12.5% YY, To $27M
Indian pharmaceutical group Ranbaxy posted a 12.5% increase in its first-quarter sales in Romania, to $27 million from $24 million, according to the company's quarterly financial report rele...