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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Boehringer Ingelheim Romania's 2010 Turnover Up 27.6% To RON100.6M
Health

Boehringer Ingelheim Romania's 2010 Turnover Up 27.6% To RON100.6M

German drug maker Boehringer Ingelheim on Thursday said its turnover in Romania was at 100.6 million lei (EUR24.7 million) last year, up 27.6% from RON78.8 million in 2009, mainly fueled by...

Andrei Cîrchelan · 28.04.2011 · 16:15 · 1 min
Teraplast Names Stefan Bucataru As General Manager
Capital Market

Teraplast Names Stefan Bucataru As General Manager

Plastic systems maker Teraplast (TRP.RO) has appointed Stefan Bucataru as general manager starting May 2, replacing Florin Radu Urite, who resigned citing personal reasons.

Andrei Cîrchelan · 28.04.2011 · 13:37 · 1 min
Energy

Vimetco Reports $57.4M Net Profit In 2010 From Romanian Operations

Dutch group Vimetco, owner of Romanian smelter Alro Slatina (ALR.RO), posted a net profit of $57.4 million in Romania last year, up 19.5% from $48 million in 2009, according to financial res...

Andrei Cîrchelan · 28.04.2011 · 13:26 · 1 min
Capital Market

Bakery Firm Boromir Prod Eyes RON3.86M Net Profit In 2011

Romanian bread and pastry maker Boromir Prod Buzau (SPCU.RO) Thursday said it expects a net profit of 3.86 million lei (EUR949,000) this year, significantly higher than RON507,000 in 2010.

Andrei Cîrchelan · 28.04.2011 · 12:27 · 1 min
Capital Market

COMCM Constanta Expects RON2.1M Net Profit In 2011

Romanian construction materials maker COMCM Constanta (CMCM.RO) Wednesday said it expects a net profit of 2.1 million lei (some EUR0.5 million) this year, from a loss of RON3.2 million in 20...

Andrei Cîrchelan · 27.04.2011 · 17:30 · 1 min
Capital Market

Bucharest Shares Close Up, Despite Shaky Start

Bucharest-traded shares closed Wednesday on an upward path, despite an oscillating start to the session, in a mostly quiet session as almost 30 issuers were suspended for shareholder meeting...

Andrei Cîrchelan · 27.04.2011 · 17:19 · 2 min
Capital Market

Albalact 2010 Sales Rise 14.6% On Year, To RON261.2M

Romanian dairy maker Albalact Alba Iulia (ALBZ.RO) posted sales of 261.2 million lei (EUR64 million) last year, up 15.6% from RON225.9 million in 2009, the company said in a news release Wed...

Andrei Cîrchelan · 27.04.2011 · 17:07 · 1 min
Real Estate

Pre-WW2 Building On Sale In Bucharest For EUR2.7M

Israeli investors put on sale a building near Bucharest’s Gara de Nord train station for EUR2.7 million, property broker M.T. Investment said Wednesday.

Andrei Cîrchelan · 27.04.2011 · 16:43 · 1 min
Energy

Uztel Expects Swing To RON7.2M Profit In 2011

Romanian machinery maker Uztel Ploiesti (UZT.RO) expects to switch to a net profit of 7.2 million lei (EUR1.77 million) this year, after a loss of RON17.6 million in 2010.

Andrei Cîrchelan · 27.04.2011 · 16:36 · 1 min
Capital Market

Proprietatea Fund Holders Approve Proposal To Double Dividend

Shareholders of investment fund Fondul Proprietatea (FP.RO) Wednesday approved the Finance Ministry's request to raise at 0.03141 lei (EUR0.0077) per share the dividend due for last year's p...

Andrei Cîrchelan · 27.04.2011 · 16:26 · 1 min
Bucharest City Mall To Be Put On Sale For EUR26.2M
Retail&Consumer

Bucharest City Mall To Be Put On Sale For EUR26.2M

Bankrupt shopping center City Mall, in Bucharest, will be put on sale for the third time on May 16, at EUR26.2 million, after two previous failed attempts, Wednesday said Radu Lotrean, partn...

Andrei Cîrchelan · 27.04.2011 · 15:32 · 1 min
Capital Market

Remarul 16 Februarie Mulls Selling Up To 35% Of Assets

Romanian rolling stock maker Remarul 16 Februarie Cluj-Napoca (REFE.RO) plans to sell up to 35% of its assets this year, including train cars and locomotives.

Andrei Cîrchelan · 27.04.2011 · 14:34 · 1 min