Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Leu Stays Above 4.35 Vs Euro, In Quiet Market
The Romanian leu closed roughly flat against the euro Tuesday, on low traded volumes, while other currencies in the region were seeing a slight weakening trend.
Isarescu: Romania’s Central Bank Keeps Hefty Cash For Banking Panic
Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank...
Bucharest Stocks Close Mixed, SIF Transilvania Finishes Strong
The Bucharest stock exchange ended with no clear direction, as a late push of Banca Transilvania (TLV.RO) lifted the BET index, while most shares closed in negative territory.
Erste: Petrom To Get Boost From Brent Oil Price Hikes
The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group...
Basescu: Black Sea Find Means Romania Is Looking At Energy Independence
Romanian president Traian Basescu on Monday said that gas drilling in the Black Sea should start in 2015-2017, which is when Romania will gain energy independence.
Cameron Says Only Part Of C Romania Plant Was Sold To Tenaris
US Cameron on Monday announced it has only sold a part of its Campina (central Romania) plant to the Tenaris group, not the entire unit, and it will continue to manufacture various items at...
GTC's Romanian Portfolio Loses EUR120M In Value In 2011
Israeli-owned real estate developer GTC on Monday said the value of its Romanian portfolio fell by EUR120 million last year, mainly due to apartment price and sales drops, as well as lower r...
Bucharest Stocks Open Down, SIF Transilvania Rules Early Trading
The Bucharest bourse opened down Monday, but SIF Transilvania (SIF3.RO) dominated the first hour of the session with its shares up 4.7%, after the investment fund announced a record dividend...
Leu Stable Vs Euro In Early Trade, Peers Weaken
The Romanian leu opened Monday a bit stronger against the euro, in a quiet market, while other currencies in the region were weakening on fears of the eurozone debt crisis.
SIF Transilvania Proposes RON0.17 Dividend For ‘11
Management at regional investment fund SIF Transilvania (SIF3.RO) proposes a gross dividend of 0.1712 lei (EUR0.039) per share from 2011 profits, compared to RON0.03 the RON0.03 dividend pai...
Bucharest Stocks Close Up, Proprietatea Drives Trades
The Bucharest bourse closed up Friday, with nearly half of the turnover coming from trades in investment fund Fondul Proprietatea (FP.RO).
SIF Banat-Crisana Proposes RON0.1 Dividend For 2011 Profit
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) proposed the payment of a gross dividend worth 0.1 lei (EUR0.023) per share for last year, slightly less than the RON0.103 divid...