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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Enel Not Keen To Buy Shares In Fondul Proprietatea Purge
Italian utilities group Enel is not interested in buying the shares owned by investment fund Fondul Proprietatea (FP.RO) in Enel's Romanian subsidiaries, the group’s chief executive officer...
No Major Changes Expected For Bucharest Land Prices In 2012
Land prices in Bucharest will remain at levels seen at the end of 2010, with the only areas to see declines in prices and demand being the ones in the outskirts and those without infrastruct...
Major Insurers See Double-Digit Decline In 2011 Revenue
Nine of the top ten general insurance companies posted declines of up 25% of gross premiums written because of the lower sales of car policies. The only exception was Asirom, which posted 40...
Fondul Proprietatea And Petrom Drag Bucharest Bourse Down 1.5%
The Bucharest bourse closed down 1.5% Wednesday, mainly influenced by declines of Fondul Proprietatea (FP.RO) and oil company OMV Petrom (SNP.RO), with few blue-chips ending in positive terr...
Avicarvil Plans EUR5M Investment To Open 100 New Shops
Romanian Avicarvil, owned by businessman Iustin Paraschiv, plans to open 100 butcher shops in southern and central Romania, with an overall investment of EUR5 million.
Dedeman Aims For 10% Higher Sales In 2012 From RON2B In ‘11
Romanian do-it-yourself retailer Dedeman on Wednesday reported sales of 2 billion lei (EUR459 million) for last year, compared to RON1.55 billion in 2010.
Courier DPD Romania Eyes 14% Rise In 2012 Turnover, To RON41M
Private postal firm DPD Romania, owned indirectly by the French post officer (La Poste), expects turnover to rise 14% to 41.4 million lei (EUR9.5 million) in 2012 from RON36 million last yea...
Romania Is Wanted Dependent On Energy, President Basescu Says
Romanian President Traian Basescu said Wednesday in Parliament that certain interests wish to keep Romania dependent on energy, so local production needs to be increased to counter these int...
Fondul Proprietatea Eyes Selling Unlisted Stakes
Investment fund Fondul Proprietatea (FP.RO) on Tuesday announced the appointment of Citigroup Global Markets Limited as intermediary in the sale of stocks in several unlisted power and gas d...
Romania’s PM Meets Chevron Officials For Gas Drilling Talks
Romanian Prime Minister Mihai Razvan Ungureanu on Tuesday met with representatives of oil group Chevron, for talks on the group’s intention to start drilling for unconventional gas in the Ea...
Enel Green Power Invested EUR330M In Romania Wind Farms In 2011
Enel Green Power, the renewable energy division of Italian utilities group Enel, has invested EUR330 million to build wind farms in Romania last year, the company said in its financial repor...
Bucharest Stocks Close Down, Petrom Falls 2.3%
The Bucharest bourse closed down Tuesday, spearheaded by a 2.35% decline of OMV Petrom (SNP.RO) shares, which overshadowed Fondul Proprietatea's (FP.RO) return into green territory.