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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Romanian Retailer Opens Former PIC Store Under Succes Brand
The PIC hypermarket in southern Romanian city Craiova was relaunched Thursday under the Succes brand, after Succes Nic rented two stores from bankrupt PIC, PIC's court-appointed administrato...
SIFs Jump 15% After Long Awaited Parliament Decision
Romania's five regional investment funds, or SIFs, skyrocketed as soon as they were back to trading on the Bucharest bourse, after the Parliament raised the maximum ownership limit in the fu...
Romanian Parliament Raises SIF Ownership Cap To 5%
Romanian lawmakers on Thursday approved a decision to increase the maximum ownership limit in the five regional investment funds, or SIFs, from 1% to 5%.
Leu Opens Weaker Vs Euro, In Line With Region
The Romanian leu opened Thursday slightly weaker against the euro, on reduced activity, while other currencies in the region were seeing similar developments.
Oana Petrescu Steps Down From BCR's Board. Erste Brings Martin Skopek As Retail Vice-President
BCR board member and retail vice-president Oana Petrescu decided to step down from this position starting March 31, 2012, and she will be replaced with Martin Skopek, management board member...
Bucharest Stocks Close Down, Eyes On Financials
The Bucharest bourse closed Wednesday in the red, on low traded volumes, while investos focused mainly on financial stocks.
Avioane Craiova Inks $1.7M Deal With Israeli Elbit Systems
Romanian state-owned plane maker Avioane Craiova (AVIO.RO) concluded a $1.7 million contract with Israeli Elbit System for the delivery of telecom systems for aircraft.
Poultry Farm Ave Impex To Invest EUR6M In Incubation, Feed
Romanian poultry farm Ave Impex on Wednesday said it will invest EUR6 million in an incubation station and a feed plant, which should start activity in spring next year.
Romania May Launch Transelectrica Public Offering End-February
The public offering whereby the government plans to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will be launched at the end of February, a government official said Wednes...
FAN Courier Eyes 10% Rise In 2011 Sales, To EUR49M
Romanian courier firm FAN Courier on Wednesday said it expects turnover to reach some EUR49 million this year, up 10.1% from EUR44.4 million in 2010.
Bucharest Stocks Down In Early Trade, Following Foreign Markets
Bucharest-listed shares were trading down in in the first hour of Wednesday session, following the negative evolutions of international markets, but the traded values were extremely low.
Leu Opens Stronger Vs Euro, On Low Volumes
The Romanian leu opened Wednesday on a strengthening trend against the euro, but traded volumes remained low.