Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Arctic To Widen Production At Gaesti Plant
Romanian household appliance maker Arctic, owned by Turkish group Arcelik, will build a new production line, which would boost exports, the Romanian government said Friday in a news release.
SIF Moldova Sees 2012 Net Profit Down To RON76.5M
Romanian investment fund SIF Moldova (SIF2.RO) expects to a achieve a net profit of 76.5 million lei (EUR17.6 million) this year, compared to RON191.5 million in 2011, when it sold its stake...
Lidl To Widen Its Romania Network To Over 200 Units In 2012
German retailer Lidl plans to widen this year its Romanian network of stores to 200 units, from 134, with an investment of EUR1 million in each store, Friday said Alin Trnobranschy, south Ro...
Suppliers May Ease Costs Faced By Power Grid Operator Under Cold Weather
Increased energy consumption in this interval, caused by low temperatures, will generate an increase in costs, which will paid by consumers and possibly suppliers, Friday said Marian Cernat,...
OMV Petrom's Power Plant To Start Production In Second Half Of 2012
The thermal power plant built by oil company OMV Petrom (SNP.RO) in southern Romania will most likely start activity in the second half of 2012, after technical difficulties, according to a...
OMV Books EUR120M Provision In 4Q For Petrom Fine
Austrian oil and gas group OMV Friday said it booked a special charge of some EUR120 million in the fourth quarter of 2011, for the fine imposed by Romanian competition authorities to OMV Pe...
Verbund To Complete Half Of SE Romania Wind Farm By July
Austrian state-owned energy company Verbund is set to complete the first half of its Romanian EUR300 million wind farm project in June-July, Friday said Ovidiu Pop, the company’s representat...
Hidroelectrica Negotiates Price Hike In Bilateral Contracts
Romanian state-owned hydropower producer Hidroelectrica is negotiating direct sale contracts for a 20%-25% increase in delivery prices and a 10%-20% decrease in volumes delivered, the compan...
Bucharest Stocks Open Up, SIFs In Red
The Bucharest bourse opened Friday with an increase, on low traded values, while the bulk of investment focused mainly on the shares of financial issuers.
Leu Opens Stronger Vs Euro, On Low Volumes
The leu opened Friday with a slight increase against the euro, on low traded volumes, while foreign player activity was close to zero.
Electrica Asks E.ON For EUR50M In Damages
Romanian state-owned electricity distributor Electrica asked German utility group E.ON to pay damages worth EUR50 million within a litigation initiated by E.ON in the International Court of...
Bucharest Stocks Close Up 0.5%, Erste Soars
The Bucharest bourse closed Monday slightly higher on the day, on moderate traded values, while the shares of Austrian lender Erste Group Bank (EBS.RO) jumped 12% on the day.