Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Energy Rose Invests EUR10M In 6-MW Wind Project In SE Romania
Israeli-owned Energy Rose on Wednesday said it will build its first wind farm in Romania, with an investment of EUR10 million for an installed capacity of 6 MW.
Raiffeisen Bank Romania Expects RON272M Net Profit In 2011
Raiffeisen Bank Romania expects a net profit of 271.8 million lei (EUR66.7 million) in 2011, calculated by Romanian accounting standards, slightly up on the year, following investments of RO...
MedLife Borrows EUR19M From BCR For Network Expansion
Romanian private healthcare provider MedLife took two loans worth a total EUR19 million from Banca Comerciala Romana, or BCR, to expand its network by opening new units, company president Mi...
Prodlacta 1Q Sales Fall 17% To RON48.5M
Dairy maker Prodlacta Brasov (PRAE.RO) on Tuesday reported sales of 48.5 million lei (some EUR12 million) in 2010, down 17% from RON58.8 million the year before, since competition pressured...
Romtelecom Chief Technology, Operations Officer Resigns Come June 30
The chief technology and operations officer of Romanian telecom provider Romtelecom, Wolfgang Breuer, will resign starting June 30, seeking new professional opportunities in Germany.
Bucharest Shares Close Down, Eyes Turn To BRD
The Bucharest bourse closed down Tuesday, while the overall traded value remained low and investors focused on investment fund Fondul Proprietatea (FP.RO) and lender BRD-Groupe Societe Gener...
Romanian Power Plant Craiova To Hold Auction For RON50M Credit On June 14
Romanian state-owned thermal power producer Craiova on Tuesday said it seeks credit worth 50 million lei (some EUR12.2 million) to use as working capital between 2011 and 2012.
Bucharest's Residential Compound 'My Dream' Sold At Auction For EUR16.7M
Apartment building My Dream in northern Bucharest was sold for EUR16.74 million in the first auction held by BDO Business Restructuring, the court-appointed administrator of bankrupt buildin...
Mihai Ghyka Steps Down As Bergenbier CEO
Romanian brewer Bergenbier announced Tuesday that chief executive officer Mihai Ghyka resigned, and he will be replaced with Jens Hoesel, former chief sales officer of the StarBev group.
Economy Ministry Earmarks RON243M For Energy Efficiency Projects
Companies looking to access EU funding worth a total 243 million lei (some EUR60 million) for investment in energy efficiency, can file the literature between May 13 and December 15, the Eco...
Enel Green Power Starts Work On Third Romanian Wind Farm
Enel Green Power, the renewable energy unit of Italian utility Enel, Tuesday said it has started works on its third wind farm in Romania, a 70-MW project in the southeastern county of Tulcea...
Romanian Retail Market Stabilizes, Existing Shopping Centers Have The Edge - JLL
The Romanian retail market continues to show signs of stabilization in the first quarter this year, as developers and retailers are seeking new opportunities for development, real estate con...