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Andrei Cîrchelan

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

Romanian Eco Fund To Subsidize Renewable Energy Projects With RON875M

Romania will subsidize some 50 companies investing in renewable energy projects with a total 875 million lei (EUR1=RON4.1276) from the Environment Fund, environment minster Laszlo Borbely to...

Andrei Cîrchelan · 29.03.2011 · 15:20 · 1 min
Energy

Romanian Transgaz Requests Higher Gas Transport Fees

Romanian state-owned gas transporter Transgaz (TGN.RO) asked energy watchdog ANRE to increase the transport fees for natural gas, company official Elisabeta Ghidiu said Tuesday.

Andrei Cîrchelan · 29.03.2011 · 15:19 · 1 min
Banks-Insurance

EFSE Extends EUR7M To Romanian Patria Credit For Rural SMEs Financing

Romanian non-bank financial institution Patria Credit took a EUR7 million loan from the European Fund for Southeast Europe (EFSE), to finance small- and medium-sized enterprises in rural are...

Andrei Cîrchelan · 28.03.2011 · 14:43 · 1 min
Capital Market

Romanian SSIF Broker To Use ’10 Profit For Reserves, Bonuses

Romanian brokerage firm SSIF Broker (BRK.RO) Monday said it will use last year’s net profit of 6.6 million lei (EUR1=RON4.0881) for investment, reserves and bonuses for staff and management.

Andrei Cîrchelan · 28.03.2011 · 14:43 · 1 min
Banks-Insurance

Romanian Antibiotice Plans EUR6.5M Loan From RBS

The managing board of Romanian medicine maker Antibiotice Iasi (ATB.RO) on Monday asked shareholders to approve a EUR6.5 million loan from lender RBS Romania.

Andrei Cîrchelan · 28.03.2011 · 14:43 · 1 min
Energy

Romanian OMV Petrom Reshuffles Management

Romanian largest oil company OMV Petrom (SNP.RO) Friday announced the reduction of the number of members in its executive board and the replacement of the Supervisory Board’s head.

Andrei Cîrchelan · 25.03.2011 · 17:56 · 1 min
Energy

Romanian OMV Petrom Proposes RON0.0177 Dividend From '10 Profit

Romania's largest oil company OMV Petrom (SNP.RO) could pay a dividend for the first time in three years as it proposed a gross dividend of 0.0177 lei (EUR1=RON4.1020) per share from last ye...

Andrei Cîrchelan · 25.03.2011 · 17:55 · 1 min
Analysis

UniCredit: Romania’s Economy Set To Grow 1.7% In 2011

Romania’s economy is predicted to grow by 1.7% in 2011, mainly due to increasing exports, which will support an improvement in the Eastern European country’s credit ratings, UniCredit said i...

Andrei Cîrchelan · 25.03.2011 · 17:55 · 1 min
Capital Market

Romanian Proprietatea Fund Proposes RON0.016 Dividend

Romanian Fondul Proprietatea (FP.RO) manager Franklin Templeton on Friday proposed shareholders a gross dividend of 0.01569 lei (EUR1=RON4.1020) per share from last year’s profit, much lower...

Andrei Cîrchelan · 25.03.2011 · 17:54 · 1 min
Analysis

Foreign Investors Ask Romania For Quicker Legislation Updates

The Foreign Investors Council on Wednesday asked Romanian authorities for a speedier implementation of renewable energy legislation and a stable and predictable legal frame, saying that othe...

Andrei Cîrchelan · 23.03.2011 · 18:14 · 1 min
Energy

E.ON: Foreign Turmoil To Hike Imported Gas Price In Romania

The oil price increases sparked by foreign developments will lead to higher prices for imported gas in Romania over the next six to nine months, Wednesday said Frank Hajdinjak, chief executi...

Andrei Cîrchelan · 23.03.2011 · 18:13 · 1 min
Banks-Insurance

Romanian Insurer Ardaf Expects Switch To RON3.2M Loss In ‘11

Romanian insurer Ardaf Bucuresti (ARDF.RO) expects gross premiums underwritten to drop 20.9% on the year in 2010, to 171.6 million lei (EUR1=RON4.126), and a net loss of RON3.16 million, acc...

Andrei Cîrchelan · 23.03.2011 · 18:13 · 1 min