Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
INS: Romania’s March Net Salary Up 5.6% M-M, To RON1,493
Romania’s net average salary in February was at 1,493 lei (EUR363), up 5.6% compared with the previous month, Romania’s statistics institute said Friday.
Shares Open Down, Eyes On Petrom, SIFs
Bucharest-traded shares opened Friday with a decreasing trend, with oil company OMV Petrom (SNP.RO) and investment fund SIF Moldova (SIF2.RO) gaining the focus of investment, as opposed to u...
Leu Opens Weaker Vs Euro, In Quiet Market
The leu opened Friday weaker against the euro, on low traded volumes, but started regaining ground within the first hour of trading.
Iproeb Posts RON1.6M Profit In 1Q, Up 13% On The Year
Cable maker Iproeb Bistrita (IPRU.RO) on Thursday reported a 13% increase in its first quarter profit, to 1.6 million lei (EUR378,000), from RON1.4 million in the same interval the year befo...
IAR Ghimbav Posts 38% Drop In 1Q Profit, To RON3.2M
Helicopter maintenance firm IAR Ghimbav (IARV.RO) posted a net profit of 3.2 million lei (EUR771,000) in the first quarter, down 38% from RON5.2 million in the same interval last year, accor...
Foreigners Held 31% Of Fondul Proprietatea Shares In April
Foreign investors continued buying shares in Romanian investment fund Fondul Proprietatea (FP.RO) in April, bringing the total foreign-owned stake to 31.03%, from 29.06% in the previous mont...
ModaTim Investment Posts EUR2.6M Rental Revenue In 2010
ModaTim Investment SA, developer of the City Business Centre in western city Timisoara, obtained a revenue of EUR2.6 million in 2010 from rents in the center’s first two buildings, company e...
Aerostar 1Q Net Profit Almost Flat YY At RON2.7M
Plane maker Aerostar Bacau (ARS.RO) Thursday reported a net profit of 2.73 million lei (EUR665,000) in the first quarter, similar to RON2.71 million in the same interval of the previous year...
Romania’s Insulation Panel Market Halved Since 2008, To EUR500M
Romania’s thermal insulation panel market halved over the past two years, to EUR500 million in 2010 from EUR1.1 billion in 2008, and the best case scenario for this year involves stagnation,...
End-Court Rejects PCC Challenge Against EUR100M Loan At Oltchim
A southern Romanian court of appeals irrevocably rejected on May 4 a lawsuit by German PCC SE fighting the decision of Romanian state-owned chemical company Oltchim (OLT.RO) to take out a EU...
Bucharest Stocks Close Slightly Down, Traded Value Keeps Falling
Bucharest-traded shares closed Thursday slightly down from yesterday’s closing levels, as activity in the market continued to decrease, with investors mostly focusing on investment fund Fond...
Enterprise Investors To Invest EUR30M In Upgrades At Macon
Polish private equity firm Enterprise Investors, which holds Romanian construction materials maker Macon Deva, will invest EUR30 million by the end of 2015 in upgrades at Macon’s plants.