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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Capital Market

Florin Pogonaru Controls 40% In Prodplast Through Firm Cluster

Cyprus-registered Avaliser Trading, previously owned by businessman Florin Pogonaru, was reported Thursday as acting in concert with another four companies owned by Pogonaru, and together th...

Andrei Cîrchelan · 05.05.2011 · 16:07 · 1 min
Real Estate

Rohan: Romania Needs Double Cement Usage To Catch Up With Western Europe

Romania’s cement consumption per capita will increase in the near future, reaching the European average of 423 kg by 2015, but Romania still has some ground to cover before equaling western...

Andrei Cîrchelan · 05.05.2011 · 15:02 · 1 min
Energy

AGRI Project Feasibility Requires Bosfor Transit Talks With Turkey

Natural gas delivered through the three-state AGRI route might cost more than the gas Romania imports from Russia, which pins the project’s feasibility on Bosfor transit negotiations with Tu...

Andrei Cîrchelan · 05.05.2011 · 15:01 · 1 min
Real Estate

Lafarge Romania Posts 3.6% Annual Rise In First Quarter Sales

French Lafarge posted a 3.6% year-on-year rise in its Romania sales in the first quarter, while local volumes rose 4.7% on the year, according to the construction materials maker's financial...

Andrei Cîrchelan · 05.05.2011 · 14:46 · 1 min
Real Estate

Erbasu: Builders Need Infrastructure Works To Survive

Recovery for Romania’s nearly-flatlined construction segment depends on investment, project selection and improved legislation, as the market is “running out of companies to go bankrupt”, Th...

Andrei Cîrchelan · 05.05.2011 · 14:18 · 1 min
Health

IMS Health: Romanian Pharmaceutical Market Up 5.6% In First Quarter, To EUR637M

The Romanian pharmaceutical has slowed its growth in the first quarter this year, rising 5.6% on the year, to EUR637 million, helped by over-the-counter and retail sales, according to market...

Andrei Cîrchelan · 05.05.2011 · 14:09 · 1 min
Energy

China May Invest In EUR700M Romanian Power Plant

The Romanian government wants to team up private investors with its Termoelectrica power producer for the construction of two new production units at the Doicesti plant, in a project evaluat...

Andrei Cîrchelan · 05.05.2011 · 13:41 · 1 min
Energy

Tarnita Hydropower Plant To Start Production In 2019

The Tarnita-Lapustesti hydropower plant in Romanian county Cluj will start production in 2019, following an investment estimated at EUR1.028 billion, Thursday said Razvan Cojoc, representati...

Andrei Cîrchelan · 05.05.2011 · 13:25 · 1 min
Capital Market

Romvag Sales Dive To RON50M In 2010

Romanian rolling stock maker Romvag Caracal (ROMJ.RO) posted sales of 49.8 million lei (EUR11.8 million) in 2010, compared to RON276.1 million in 2009, according to financial results publish...

Andrei Cîrchelan · 04.05.2011 · 19:34 · 1 min
Banks-Insurance

Romania’s Banking System Returns To RON373M Profit In 1Q

Romania’s banking system returned to a 373 million lei (EUR90.7 million) profit in the first quarter this year, after concluding 2010 with the first instance of annual loss seen in the past...

Andrei Cîrchelan · 04.05.2011 · 19:31 · 1 min
Capital Market

Ameropa Grains Swings To RON7.8M Profit In ‘10

Grains wholesaler Ameropa Grains Constanta (CCRL.RO), former Comcereal, switched to a net profit of 7.78 million lei (EUR1.9 million) in 2010, from a loss of RON7.3 million in 2009, accordin...

Andrei Cîrchelan · 04.05.2011 · 19:15 · 1 min
Capital Market

Agrana Romania Posts RON19.3M Loss In ’10, Despite Higher Sales

Sugar maker Agrana Romania (BETA.RO) on Wednesday reported a loss of 19.3 million lei (EUR4.7 million) in 2010, compared to a loss of RON1.7 million the year before.

Andrei Cîrchelan · 04.05.2011 · 19:03 · 1 min