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Andrei Cîrchelan

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

Leu Opens Stronger Vs Euro, Amid Pre-Easter Trading

The Romanian leu opened Friday slightly stronger against the euro, on very low traded volumes, as investors prepare for the Easter holidays.

Andrei Cîrchelan · 22.04.2011 · 11:02 · 1 min
Capital Market

Shares Open Up In Sleepy Session Ahead Of Holiday

The Bucharest bourse opened Friday slightly in the green, as the market was almost perfectly still within the first hour of trading, due to the upcoming Easter celebration.

Andrei Cîrchelan · 22.04.2011 · 11:01 · 1 min
Capital Market

Bucharest Shares Close Down, Despite Upward Start

Bucharest-traded shares closed Thursday in the red, despite starting out on a positive trend, while the regional investment funds SIFs managed to stay above par.

Andrei Cîrchelan · 21.04.2011 · 17:10 · 2 min
Retail&Consumer

Agricola Bacau Eyes 9% Hike In 2011 Sales, To RON443M

Romanian group Agricola Bacau on Thursday said it expects sales to rise 9% on the year in 2011, to more than 443 million lei (some EUR108 million), since poultry meat price is set to rise 10...

Andrei Cîrchelan · 21.04.2011 · 16:38 · 1 min
Mic.ro Opened 461 Grocery Stores In One Year
Retail&Consumer

Mic.ro Opened 461 Grocery Stores In One Year

Businessman Dinu Patriciu's Mic.ro launched a total 461 grocery stores in Romania within its first year of activity, the company said in a news release Thursday.

Andrei Cîrchelan · 21.04.2011 · 15:20 · 1 min
Capital Market

Hotel Firm Turism Felix Sees 2011 Pretax Profit Halved At RON3M

Romanian hotel company Turism Felix (TUFE.RO) Thursday said it expects a pretax profit of 3 million lei (some EUR730,000) this year, half the result posted in 2010, since tourist numbers sho...

Andrei Cîrchelan · 21.04.2011 · 14:39 · 1 min
Real Estate

Transilvania Constructii Expects RON4.2M Net Profit In 2011

Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) expects a net profit of 4.2 million lei this year (EUR1.05 million), from RON350,000 in 2010, fueled by a 32.5% i...

Andrei Cîrchelan · 21.04.2011 · 13:37 · 1 min
Capital Market

Leu Opens Flat Vs Euro, In Line With Peers

The Romanian leu opened flat against the euro Thursday, on a quiet market, while other currencies in the region were seeing similar evolution.

Andrei Cîrchelan · 21.04.2011 · 10:57 · 1 min
Capital Market

Bucharest Shares Open Up, On Moderate Trading

The Bucharest bourse opened Thursday on an upward trend, maintaining the tendency noted at closing Wednesday, but on moderate traded values.

Andrei Cîrchelan · 21.04.2011 · 10:56 · 1 min
Capital Market

Bucharest Bourse Close Up For The First Time This Week

The Bucharest bourse closed Wednesday well above par, with all indexes gaining more than 1%, on average trading values.

Andrei Cîrchelan · 20.04.2011 · 17:34 · 1 min
Banks-Insurance

Aon Corporation Appoints New Chief At Romanian Office

International insurance broker Aon Corporation appointed Valentin Tuca at the helm of its Romanian office, in a decision pending regulator approval, people close to the matter said Wednesday...

Andrei Cîrchelan · 20.04.2011 · 16:47 · 1 min
Innova Capital Names New CEO At Provus, Romcard
Banks-Insurance

Innova Capital Names New CEO At Provus, Romcard

Polish investment fund Innova Capital on Wednesday announced the appointment of Utku Ogrendil as chief executive officer of Romanian firms Romcard and Provus Service Provider, which the fund...

Andrei Cîrchelan · 20.04.2011 · 16:09 · 1 min