Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
EBRD Considers EUR207M Funding For Vimetco Power Romania
The European Bank for Reconstruction and Development (EBRD) is considering funding Vimetco Power Romania with up to EUR207 million in senior secured financing, for the construction of gas-po...
Farmaceutica Remedia Sees RON4M Profit In ‘11
Medicine wholesaler Farmaceutica Remedia Deva (RMAH.RO) on Wednesday reported a net profit of 4 million lei (EUR0.92 million) for 2011, compared to RON1.95 million in the previous year.
IMF Asks Romania To Renegotiate Hidroelectrica Bilateral Contracts By February 15
The International Monetary Fund asked the government to complete the renegotiation of Hidroelectrica bilateral contracts by February 15, 2012, or terminate the contracts that cannot be reneg...
Hidroelectrica Uses Reserves To Cover National Electricity Shortage
State-owned hydropower producer Hidroelectrica is using its water reserves to compensate for the reduction of output in thermal power plants and wind farms.
Bucharest Stocks Close Up, On Sturdy Trading
The Bucharest bourse closed Wednesday with an increase, on improved trading values, as almost half of the turnover came from transactions in investment fund Fondul Proprietatea (FP.RO).
Evaluation Firm Darian Posts 12% Hike In 2011 Sales, To EUR3M
Romanian evaluators Darian DRS on Wednesday reported a turnover of EUR3 million for 2011, up 12% on the year, reaching a level similar to pre-crisis results.
Benevo Capital Buys Plot In Bucharest For Retail Park
Canadian-owned Benevo Capital Tuesday said it has paid EUR23 million for a plot of land belonging to power equipment maker Vulcan (VULC.RO), a company owned by Romanian businessman Ovidiu Te...
Bucharest Stocks Close Flat, SIFs Rule Trading
The Bucharest bourse closed Tuesday roughly flat, on low traded values, with most of the activity targeting the five regional investment funds, or SIFs.
ArcelorMittal Galati CEO Resigns For Personal Reasons
The chief executive officer of Romanian steel processor ArcelorMittal Galati, Eric Remisz, resigned four months into his mandate, citing personal reasons, the company said Tuesday.
UniCredit Bank Austria Lends EUR13.4M To AFI Europe For Bucharest Office Project
Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni p...
Erste Group Bank Eyes Buying 0.36% In BCR For RON62M
Erste Group Bank (EBS.RO), majority shareholder of Romanian lender BCR, proposed a price of 1.09 lei (EUR0.25) per share to minority holders, in a bid to take over a total 0.36% stake in the...
CFR Calatori Buys RON78M Worth Of Diesel Fuel From Oscar Downstream
Romanian state-owned railway passenger transporter CFR Calatori has bought Euro 5 diesel fuel from trader Oscar Downstream within a contract worth 77.82 million lei (EUR17.9 million), VAT ex...