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Andrei Cîrchelan

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

Romania To Float Minority Stock In Energy Companies

Romania’s Economy Ministry will float energy company stock on the bourse, retaining majority, and will employ private management, since strategic investor privatizations are no longer an opt...

Andrei Cîrchelan · 07.04.2011 · 14:39 · 1 min
Automotive

Romanian Romcab Inks EUR27M Deal With Delphi Packard

Romanian cable maker Romcab Targu-Mures will supply US car parts maker Delphi Packard with electrical conductors in a contract worth EUR27 million.

Andrei Cîrchelan · 07.04.2011 · 14:15 · 1 min
Energy

Chinese SGCC Seeks Stake In Romanian Transelectrica - Sources

The State Grid Corporation of China, or SGCC, is interested in buying the 15% stake Romania plans to sell in state-owned power grid operator Transelectrica (TEL.RO), people close to the matt...

Andrei Cîrchelan · 01.04.2011 · 15:25 · 1 min
Banks-Insurance

EIB Lends Romanian BCR EUR75M To Fund SMEs

Romanian lender BCR on Friday said it has taken a EUR75 million loan from the European Investment Bank, to finance small- and medium-sized companies, as well as public sector authorities.

Andrei Cîrchelan · 01.04.2011 · 15:25 · 1 min
Banks-Insurance

EIB Plans Loans Worth Up To EUR1B For Romania In 2011

The European Investment Bank on Friday said it has granted loans worth a total EUR410 million in Romania last year, down from EUR1.5 billion allocated in 2009.

Andrei Cîrchelan · 01.04.2011 · 15:24 · 1 min
Energy

Romanian Alro Eyes $30M Annual Sales Boost, On Upgrades

Romanian aluminum maker Alro Slatina (ALR.RO) forecasts a competitiveness increase project supported by EU financing will boost the company’s annual sales by at least $30 million, company ge...

Andrei Cîrchelan · 01.04.2011 · 15:24 · 1 min
Real Estate

CBRE Romania CEO Radu Lucianu Resigns, Iorgu Takes Over

Real estate consultancy firm CB Richard Ellis Romania on Friday said its chief executive Radu Lucianu resigned and he will be replaced by Razvan Iorgu, the current chief operating officer.

Andrei Cîrchelan · 01.04.2011 · 15:24 · 1 min
Energy

Romania Import Gas Price Rises At 2-Yr High In Jan

Romania imported in January natural gas at $399 per thousand cubic meters, the highest price since March 2009, according to data published by energy regulator ANRE.

Andrei Cîrchelan · 01.04.2011 · 15:24 · 1 min
HR

Romanian Airline Tarom Appoints New Chief

Romanian state-run airline operator Tarom’s sales and marketing director Gabriela Bordea on Friday took the position of general manager, replacing Ruxandra Brutaru, who resigned in March.

Andrei Cîrchelan · 01.04.2011 · 15:23 · 1 min
Energy

US Ambassador To Romania Pleads For Energy Privatization

Romania’s plans to reorganize the bulk of its energy producers in two “national energy champions”, instead of partial or full privatization, is like “rearranging the deck chairs on the Titan...

Andrei Cîrchelan · 31.03.2011 · 18:03 · 2 min
Capital Market

Romanian Oil Terminal Takes RON8M Loan From Raiffeisen Bank

Romanian state-owned oil services company Oil Terminal Constanta (OIL.RO) on Tuesday took a six-year loan worth 8 million lei (EUR1=RON4.0984) from Raiffeisen Bank, to finance the constructi...

Andrei Cîrchelan · 31.03.2011 · 18:01 · 1 min
Banks-Insurance

No Bidders For Bankrupt Bucharest Property City Mall

The first auction to sell the bankrupt City Mall in Bucharest failed to draw bids, prompting liquidator Casa de Insolventa Transilvania to set up another auction on April 20.

Andrei Cîrchelan · 29.03.2011 · 15:20 · 1 min