Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Competition Council To Probe Natural Gas Market For Facts
Romania’s competition authorities will launch a fact-finding probe into the local natural gas market, looking at producers, distributors and suppliers, Tuesday said Daniel Chilea, deputy chi...
Large Stake In Bucharest Hotel Intercontinental Sold For RON51.14M
A 49.12% stake in Bucharest hotel Intercontinental (RCHI.RO) was sold Wednesday on the Rasdaq market of the Bucharest bourse, for a total 51.14 million lei (EUR1=RON4.091).
Romanian Vae Apcarom Expects RON7.34M Net Profit In 2011
Romanian rolling stock maker Vae Apcarom Buzau (APC.RO) expects a net profit of 7.34 million lei (EUR1=RON4.091) in 2011, up 26.3% from RON5.81 million last year.
Romanian Shares Open Up, Eyes On Lenders
The Bucharest Stock Exchange opened Wednesday on an upward trend, while trading focused on oil company OMV Petrom (SNP.RO) and financial stocks.
Leu Opens Weaker Vs Euro, Peers Hold Ground
The Romanian leu opened Wednesday weaker against the euro, in a quiet market, while other currencies in the region were seeing some minor oscillation.
Shares Close Down, Proprietatea Fund At All-time Low
The Bucharest Stock Exchange closed Tuesday below par, unable to recover the decline seen in the first half of the session, with the shares of Fondul Proprietatea (FP.RO) closing at their lo...
Electromagnetica Posts 8% Rise In 2010 Net Profit, To RON26M
Romanian electrical and measuring device maker Electromagnetica Bucuresti (ELMA.RO) Tuesday announced an 8% decline in its net profit for 2010, to 26.2 million lei (EUR1=RON4.091), from RON2...
Romanian Seaside Hotel Allegro Put On Sale For EUR3M
Three-star hotel Allegro in Romanian seaside resort Eforie Nord was put on sale for EUR3 million, unit owner Ion Diacu told MEDIAFAX.
Impact Developer&Contractor Expects RON8.7M Net Loss In 2011
Romanian property developer Impact Developer & Contractor (IMP.RO) expects a net loss of 8.7 million lei (EUR1=RON4.091) this year, narrower than the loss of RON17.5 million reported for 201...
MP Drafts Law Banning Romania’s Would-Be Natural Gas Exports
Romanian leftist MP Iulian Iancu told an energy conference Tuesday that he has submitted a draft law banning natural gas exports, even though Romania is physically unable to unfold such expo...
Romanian Electricity Prices May Double Within 8 Years - Suppliers
The price of electricity could double in Romania over the next 7-8 years, because of the costs involved in support schemes for renewable energy and pollution reduction, Tuesday said Ion Lung...
Romania Could Collect Just EUR1.5B From Green Certificates
Emission certificate prices dropped some 50% since the 2009-2010 interval, which means Romania may only be able to collect EUR1.5 billion from selling such deeds, half of the sum estimated t...