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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Real Estate

AFI Europe Starts Work On EUR35M Mall In S Romania

Real estate developer AFI Europe will soon start construction on a mall in southern Romanian town Ploiesti, 60 km north of Bucharest, with a completion deadline set for the second half of 20...

Andrei Cîrchelan · 05.04.2012 · 16:37 · 1 min
Azomures Needs Eco-Investment Worth EUR170M By 2015
Energy

Azomures Needs Eco-Investment Worth EUR170M By 2015

Romanian fertilizer maker Azomures (AZO.RO) needs to unfold environment investment worth EUR170 million by the end of 2015, according to the new environment permit received from local author...

Andrei Cîrchelan · 05.04.2012 · 16:26 · 1 min
Companies

Renania Eyes 26% Hike In 2012 Sales, To EUR28M

Romanian safety equipment supplier Renania Targu Mures on Thursday said it expects sales to rise 26% this year, to EUR28 million, and the plan is to reach a turnover of EUR40 million by the...

Andrei Cîrchelan · 05.04.2012 · 16:06 · 1 min
Retail&Consumer

Mega Image To Launch 16th Shop&Go Unit

Retailer Mega Image, part of Belgian group Delhaize, will launch Friday its 16th Shop&Go store on the Romanian market, with plans to launch another two such units by the end of April.

Andrei Cîrchelan · 05.04.2012 · 16:06 · 1 min
Bioromoil Sees 2012 Sales Up 30% To $230M
Energy

Bioromoil Sees 2012 Sales Up 30% To $230M

Romanian group Bioromoil, owned by businessman Vladislav Chetrar, expects sales to reach some $230 million this year, up 30% from $166 million in 2010, according to the group’s retail head,...

Andrei Cîrchelan · 05.04.2012 · 15:32 · 1 min
Romania Keeps Focus On Nuclear Energy
Energy

Romania Keeps Focus On Nuclear Energy

Romania will continue its nuclear energy strategy, but there might be some important changes in the near future, and the government needs to consider issuing state guarantees for the funding...

Andrei Cîrchelan · 05.04.2012 · 14:35 · 1 min
Capital Market

Bucharest Stocks Open Up, SIFs In Red

The Bucharest bourse opened Thursday with an upward tendency, on very low traded values, with most of the activity focusing on Fondul Proprietatea (FP.RO) and Erste Group Bank (EBS.RO).

Andrei Cîrchelan · 05.04.2012 · 11:03 · 1 min
Banks-Insurance

Leu Opens Stronger Vs Euro, Peers Follow

The Romanian leu opened Thursday stronger against the euro, in a quiet market, while other currencies in the region were seeing similar evolutions.

Andrei Cîrchelan · 05.04.2012 · 11:03 · 1 min
Companies

Somaco Grup Reports 31% Rise In ’11 Sales, To EUR21M

Romanian construction materials maker Somaco Grup Prefabricate, owned by Swedish Oresa Ventures, on Wednesday reported a 31% year-on-year rise in sales for 2011, to EUR21 million.

Andrei Cîrchelan · 04.04.2012 · 17:41 · 1 min
Capital Market

Bucharest Stocks Close Down, Turnover Dives

The Bucharest bourse closed Wednesday in the red, on little to no trading, with the bulk of activity focusing on state-owned power grid operator Transelectrica (TEL.RO), while Fondul Proprie...

Andrei Cîrchelan · 04.04.2012 · 17:20 · 1 min
ANRM: Romania’s Natural, Shale Gas Reserves May Cover Local Consumption
Energy

ANRM: Romania’s Natural, Shale Gas Reserves May Cover Local Consumption

Romania’s natural gas and shale gas reserves may be enough to cover local consumption, but it’s too soon to make an evaluation, Alexandru Patruti, president of mineral resources regulator AN...

Andrei Cîrchelan · 04.04.2012 · 17:12 · 1 min
Mineral Resources Regulator To Issue Permits For New Blocks
Energy

Mineral Resources Regulator To Issue Permits For New Blocks

Romanian mineral resources regulator ANRM will issue permits for new oil and gas blocks in the Black Sea, after the government approves agreements concluded in 2010.

Andrei Cîrchelan · 04.04.2012 · 17:12 · 1 min