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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Bucharest Stocks Close Down, On Low Trading
The Bucharest bourse closed Monday with a downward trend, on low traded volumes, with the bulk of activity focusing on investment fund Fondul Proprietatea (FP.RO).
Network One Distribution Posts EUR200M Turnover In 2011, Up 38% On Year
Romanian Network One Distribution (NOD, former Asesoft Distribution) Monday reported a turnover of EUR200 million for 2011, up 38% on the year.
Pay Hike Row Sparks Strike At Oil Terminal
Two thirds of the some 1,200 employees at Romanian harbor operator Oil Terminal Constanta (OIL.RO) went on general strike Monday morning, claiming pay hikes, according to union leaders.
Enel Green Power Romania Appoints New GM
Enel Green Power Romania, a subsidiary of Enel Green Power, on Monday announced the appointment of Francesco Lazzeri as general manager, replacing Carlo Pignoloni, whose three-year mandate e...
Analysts: Romania’s Economy To Shrink In 1Q, Recovery Expected In 2Q
Financial analysts and stock brokers believe Romania’s economy will contract in the first quarter of the year, as Europe faces an economic slowdown and the bad weather last month took a toll...
Bucharest Stocks Close Roughly Flat, SIFs Drop
The Bucharest bourse closed Friday roughly flat on the day, but the five regional investment funds, or SIFs, dropped by more than 1.7% on average.
Oltchim Trades Up 5% After EU Clears State Aid
The shares of Oltchim (OLT.RO) were up 4.9% in late trade Friday in Bucharest, after being suspended for six hours pending an announcement regarding the clearance of a state aid for the trou...
Grup Servicii Petroliere Inks Deal To Drill In North Sea
Romanian Grup Servicii Petroliere (GSP) signed two contracts with Dutch Wintershall Noordzee, for drilling in the North Sea and a pipelay deal, the company said Friday in a news release.
Dragoi: Public Sector Wage Restoration Would Need RON2B Yearly
A 16% increase in public sector wages starting June would have an impact of 2 billion lei (EUR459 million) per year, Romania’s Finance Minister Bogdan Dragoi said Friday.
Transelectrica Public Offering To Be Launched Next Week - Sources
The secondary public offering whereby Romanian authorities are planning to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will have a minimum price and a maximum one, and it...
Bucharest Stocks Close Up, Breaking Three-Day Losing Streak
The Bucharest bourse broke a three-day losing streak Thursday, as the financial stocks returned to gains, following the international markets that were rising on renewed hopes for the closin...
Enel Romania's Revenue Flat On Year At EUR970M In 2011
Italian utilities group Enel posted revenue of some EUR970 million in Romania last year, flat on the year, Carlo Tamburi, head of the group's international division said Thursday.