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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Fondul Proprietatea Appoints New Board Members
The largest shareholders in Romanian investment fund Fondul Proprietatea (FP.RO), US hedge fund Elliottt Associates and City of London, will have three seats in the Board of Representatives,...
EC Looks Into “Wise Guy” Deals In Energy
The European Commission is looking into the possibility of state aid granted to the energy “wise guys” through the bilateral contracts signed with hydropower producer Hidroelectrica, and the...
Fondul Proprietatea Shareholders Agree To Warsaw Listing
Shareholders of Romanian investment fund Fondul Proprietatea (FP.RO) approved Wednesday, in principle, the fund’s secondary listing on the Warsaw bourse.
Bucharest Stocks Open Down, On Low Trading
The Bucharest bourse opened Wednesday in the red, on low traded values, while traditional favorite Fondul Proprietatea (FP.RO) was suspended from trading for a shareholder meeting.
Leu Opens Weaker Vs Euro, In Quiet Market
The Romanian leu opened Wednesday slightly weaker against the euro, in a quit market, while other currencies in the region were on an oscillating trend.
Romania Average Net Wage Up 0.3% To RON1,472 In February
The average net salary in Romania rose 0.3% on the month, 1,472 lei (EUR336) in February, from RON1,467 in January, statistics institute INS said Wednesday.
Cable Operator Gets EUR15M Loan From EBRD For Expansion
The European Bank for Reconstruction and Development (EBRD) will issue a EUR15 million loan for Romanian cable operator Digital Cable Systems (DCS), for the expansion of cable TV and broadba...
Bucharest Stocks Close Down, SPO Discounts Put Transelectrica In Spotlight
The Bucharest bourse closed down Tuesday, on low traded values, with more than one third of turnover coming from trades in state-owned power grid operator Transelectrica (TEL.RO).
US Plexus To Build $40M Plant In NW Romania
US telecom equipment maker Plexus will construct a manufacturing facility in northwest Romanian city Oradea, with an investment of $40 million and plans to double local employee numbers to 5...
Artego Sees 2012 Net Profit Down Some 66%, To RON1.4M
Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) expects a net profit of 1.4 million lei (EUR0.32 million) for 2012, compared to RON4.3 million in the previous year, the company said T...
Bucharest Stocks Close Undecided, In Quiet Market
The Bucharest bourse closed roughly flat Monday, with most of the activity registered on the deal market, as most investors were apathetic.
Chevron Details Investment Plans In Romania Exploration Blocks
US giant Chevron on Monday said the company intends to create jobs, protect the environment and help local communities in Romania, in response to social and political tension sparked by its...