Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Economy Ministry Rejects Oil Terminal's Capital Hike Proposal
The Romanian Economy Ministry refused a Board proposal to increase the share capital at cargo handler Oil Terminal (OIL.RO) by 151.7 million lei (EUR37.23 million), to RON210 million, in a s...
DIY Chain Praktiker's 1Q Sales In Romania Fall 30% To EUR25.8M
German DIY retailer Praktiker on Friday reported a 29.5% drop in first quarter sales in Romania, to EUR25.8 million, citing difficult macroeconomic conditions.
Impact Developer&Contractor Brushes Off Insolvency Claims
Romanian realty developer Impact Developer&Contractor (IMP.RO) on Friday said it has cleared the insolvency claims it was facing, through a final and binding decision rendered Thursday by th...
Oltchim Board Member Resigns After SIF Oltenia Walkout
One managing board member at Romanian chemical company Oltchim (OLT.RO) resigned Thursday, since regional investment fund SIF Oltenia (SIF5.RO) left the company’s shareholding structure.
Rompetrol Adds RON0.07 To Gasoline Pump Prices, Cuts RON0.03 Off Diesel Prices
Romanian fuel distributor Rompetrol Downstream on Friday increased pump prices for gasoline by 0.07 lei (EUR0.017) per liter, but decreased diesel fuel prices by RON0.03 per liter.
Shares Open Down, Fondul Proprietatea Back On Board
The Bucharest bourse opened Friday on a downward trend, with traditional liquidity driver Fondul Proprietatea (FP.RO) back to trading.
Leu Opens Stronger Vs Euro, In A Quiet Market
The Romanian leu opened Friday stronger against the euro, while other currencies in the region were stable, on low traded volumes.
INS: Housing Permits Down 2.1% Year-On-Year In March, To 3,373
Romania issued 3,373 buildings permits for residential projects in March, down 2.1% on the year and up 47.7% compared to February, the statistics institute INS said Friday.
Brick Maker Cemacon Plans To Switch To RON2.5M Profit In 2011
Romanian brick maker Cemacon Zalau (CEON.RO) expects sales to reach 58 million lei (EUR14.26 million) and a switch to a net profit of RON2.5 million, according to the company’s budget publis...
Strabag Works In Romania Rose 3% In 2010 To EUR165.5M
Austrian construction group Strabag performed works of EUR165.5 million in Romania last year, up 3% from EUR160.6 million in 2009, the company said Thursday.
Drugmaker Antibiotice To Borrow EUR6.5M From RBS Bank
Shareholders of Romanian medicine maker Antibiotice (ATB.RO) on Thursday approved the contracting of a EUR6.5 million loan from RBS Bank and the capitalization of 9 million lei (EUR2.21 mill...
Socep Sees 2011 Profit Down 10% On Higher Investments
Romanian harbor operator Socep Constanta (SOCP.RO) expects a pretax profit of 5.2 million lei (EUR1.28 million) this year, down 10% from RON5.8 million in 2010, after it has tripled its inve...