Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Romania To See 11.5% Hike In Gas Import Prices In First Half
The average price of gas imported between January and June will be $493 per thousand cubic meters, up 11.5% from $442/1,000 cbm, the annual average for 2011, according to data from energy re...
Rafo Seeks EUR70M Loans For Upgrades
Romanian refinery Rafo Onesti (RAF.RO) seeks to borrow EUR60 million from external creditors and EUR10 million from its majority shareholder, Petrochemical Holding Austria, in an installatio...
Sibiu Court Allows Insolvency For Concefa
The Sibiu court on Wednesday allowed an insolvency procedure request filed by construction company Concefa Sibiu (COFI.RO), according to a memo posted on the Bucharest Stock Exchange.
Leu Opens Weaker Vs Euro, Players Look Towards Central Bank
The Romanian leu opened Thursday slightly weaker against the euro, but it soon started to strengthen on player expectations of a central bank intervention to calm the leu’s decline.
Bucharest Stocks Open Slightly Up, Amid Market Apathy
The Bucharest stock exchange opened slightly up Thursday, on little to no trading, while the European markets also posted mild variations.
Bucharest Stocks Close Up, But Transelectrica Falls 5% In First Day Of SPO
The Bucharest bourse closed up Wednesday, but Transelectrica (TEL.RO) fell 5% in the first day of the secondary public offering in which the Romanian Economy Ministry plans to sell 15% in th...
Dairy Maker Olympus Romania Borrows EUR30M From Black Sea Bank
Greek dairy maker Olympus on Wednesday announced it has taken out a EUR30 million loan from Black Sea Trade and Development Bank (BSTDB), with a seven-year timeframe, to increase export capa...
Transelectrica Boss Looking For Purchase In Secondary Public Offering
The general manager of state-owned power grid operator Transelectrica (TEL.RO), Octavian Logan, on Wednesday said he and some of the company’s employees are interested in buying shares durin...
Minor BRD Stakes Sold On Bucharest Deal Market For RON16.75M
Two stakes representing 0.22% of the share capital in lender BRD-Groupe Societe Generale (BRD.RO) were traded Wednesday on the Bucharest Stock Exchange’s deal market for a total 16.75 millio...
Economy Minister Names Upcoming Private Management Targets
Private managers will firstly be installed at state-run companies Oltchim (OLT.RO), Romarm and Hidroelectrica, and then to Electrica Furnizare, Economy Minister Lucian Bode said Wednesday af...
Bidding Deadline For Cernavoda Nuke Project Extended To Sep 15
Romania’s Economy Ministry has once again extended, to September 15, the deadline by which companies can bid for the development of reactors 3 and 4 at the country's sole nuclear power plant...
Leu Opens Flat Vs Euro, Amid Market Apathy
The Romanian leu opened Wednesday at 4.363/4.364 to the euro, similar to previous session's closing levels, on low traded volumes, while other currencies in the region were losing ground.