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Andrei Cîrchelan

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

Levi Group Brings Jeep To Romania Through AutoItalia

Israeli Levi Group, the new owner of Fiat importer to Romania AutoItalia, will become the local representative of carmaker Jeep and will launch the new Lancia locally, according to Ori Lahav...

Andrei Cîrchelan · 04.05.2011 · 18:42 · 1 min
Banks-Insurance

Bank Of Cyprus Grants EUR23M Credit To Romanian Project Colosseum

Bank of Cyprus granted credit worth up to EUR22.8 million to Nova Imobiliare, developer of the Colosseum shopping center in Bucharest, on top of a EUR26 million loan approved in February.

Andrei Cîrchelan · 04.05.2011 · 18:33 · 1 min
Companies

Agrium Buys CerealToscana And Its Romanian Unit Agroport

Canadian farming solutions provider Agrium bought Italian fertilizer maker CerealToscana along with its Romanian subsidiary, Agroport, for a total $27 million, added with working capital.

Andrei Cîrchelan · 04.05.2011 · 18:16 · 1 min
Energy

Key Petroleum Gains Romania Drilling Rights After Zeta Petroleum's Takeover

Australian oil company Key Petroleum bought British Zeta Petroleum and its Romanian subsidiary, in a transaction worth $12.74 million, according to law firm bpv Grigorescu Stefanica, which a...

Andrei Cîrchelan · 04.05.2011 · 18:03 · 1 min
Capital Market

Leu Recovers Early Loss Vs Euro, Ends Flat On Day

The Romanian leu closed flat against the euro Wednesday at around 4.1055/4.1075 units, recovering in the second half of the session the ground lost in early trade.

Andrei Cîrchelan · 04.05.2011 · 17:38 · 1 min
Capital Market

Bucharest Shares Close Up, After 3-Day Downward Streak

The Bucharest bourse closed Wednesday with a slight increase, after session-long oscillation and three days of decline, on a lower traded value.

Andrei Cîrchelan · 04.05.2011 · 17:23 · 1 min
Energy

Grup Servicii Petroliere Inks Drilling Contract With Mexican Pemex

Romanian Grup Servicii Petroliere, or GSP, on Wednesday announced it has concluded a contract with Mexico leading oilers Pemex, for oil drilling works in Mexico.

Andrei Cîrchelan · 04.05.2011 · 15:23 · 1 min
Technology &Telecoms

Asbis Romania Plans 25% Hike In Sales For 2011

Romanian IT distributor Asbis Romania, part of Cypriot group Asbis Enterprises, on Wednesday said it plans a 22%-25% year-on-year hike in sales for 2011, from $30 million in 2010, following...

Andrei Cîrchelan · 04.05.2011 · 15:22 · 1 min
Continental Hotels Plans Switch To Profit In 2011
Companies

Continental Hotels Plans Switch To Profit In 2011

Romanian hotel operator Continental Hotels on Wednesday said it expects a switch to profit this year, from a loss of EUR4.8 million in 2010, based on more aggressive marketing and promotion...

Andrei Cîrchelan · 04.05.2011 · 14:29 · 1 min
MSD Romania Appoints New Managing Director
Health

MSD Romania Appoints New Managing Director

Pharmaceutical company Merck Sharp&Dohme (MSD) Romania has appointed Steve Warner as managing director starting this month, after Agata Jakoncic was promoted regional manager.

Andrei Cîrchelan · 04.05.2011 · 14:15 · 1 min
Companies

Martifer's Prio Foods Launches EUR93M Vegetable Oil Plant

Food products maker Prio Foods, part of Portuguese group Martifer, will launch Thursday in Romanian county Calarasi a vegetable oil production unit, following an investment of EUR93 million.

Andrei Cîrchelan · 04.05.2011 · 13:59 · 1 min
Energy

Holrom Renewable Energy To Launch 17-MW Wind Farm In May

Holrom Renewable Energy on Wednesday said it will complete this month a EUR21 million wind farm in Baia, in the Romanian southeastern county Tulcea.

Andrei Cîrchelan · 04.05.2011 · 13:41 · 1 min