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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Romania Adds Another Year To Transit Deal For Russian Gas
Energy

Romania Adds Another Year To Transit Deal For Russian Gas

The transit deal for Russian natural gas on Romanian soil has been extended by another year, until the end of 2012, Thursday said Elisabeta Ghidiu, strategy and corporate management head wit...

Andrei Cîrchelan · 08.12.2011 · 13:58 · 1 min
Altex Sees Sales Up At EUR200M In 2011
Retail&Consumer

Altex Sees Sales Up At EUR200M In 2011

Romanian electronics retailer Altex expects sales to top EUR200 million this year, compared to EUR195 million in 2010, Thursday said Dan Ostahie, the company’s general manager and owner.

Andrei Cîrchelan · 08.12.2011 · 13:58 · 1 min
Romanian Government To Ink Brokerage Deal For Tarom IPO
Capital Market

Romanian Government To Ink Brokerage Deal For Tarom IPO

The Romanian Government reversed its decision to cancel the auction selecting a broker for the sale of a 20% stake in airline Tarom, after the rejected sole bidder updated its offer and halv...

Andrei Cîrchelan · 08.12.2011 · 13:42 · 2 min
BRD To Replace CEO - Sources
Banks-Insurance

BRD To Replace CEO - Sources

The chief executive officer of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Guy Poupet, will be replaced with Alexandre Maymat, regional director of the Cameroon branch of Societe G...

Andrei Cîrchelan · 08.12.2011 · 12:44 · 1 min
Competition Council Head: Pricing Gaps Mean Romania’s Gas Market Is Out Of Sync With EU
Energy

Competition Council Head: Pricing Gaps Mean Romania’s Gas Market Is Out Of Sync With EU

Romania’s gas market is not integrated into the EU market because of price disparities, Competition Council president Bogdan Chiritoiu said Thursday.

Andrei Cîrchelan · 08.12.2011 · 12:43 · 1 min
Capital Market

Bucharest Stocks Open Up, On Extremely Low Interest

The Bucharest bourse opened Thursday with a slight increase, on low activity, while the overall value of transactions was boosted by an early deal market trade.

Andrei Cîrchelan · 08.12.2011 · 11:28 · 1 min
Capital Market

Leu Strengthens Vs Euro In Early Trade

The Romanian leu opened slightly weaker against the euro on Thursday, but it soon recovered and started gaining ground against the European coin as a hedge fund started buying lei, dealers s...

Andrei Cîrchelan · 08.12.2011 · 10:56 · 1 min
Capital Market

Only One Bidder In Auction For Brokering Transgaz Public Offer

A consortium formed of Raiffeisen Capital&Investment, BT Securities and Czech brokerage firm Wood&Co was the sole bidder in the auction for a broker to intermediate the sale of a 15% stake i...

Andrei Cîrchelan · 08.12.2011 · 10:47 · 1 min
INS: Romania October Adjusted Industrial Output +4.8% On Year
Macroeconomics

INS: Romania October Adjusted Industrial Output +4.8% On Year

Romanian adjusted industrial production rose 4.8% in October compared with the same period a year before, on increases in all sectors, the country’s statistics institute INS said Thursday.

Andrei Cîrchelan · 08.12.2011 · 10:13 · 1 min
Capital Market

Grzegorz Konieczny Resigns BVB Position

The Fondul Proprietatea (FP.RO) representative in the Managing Board of Bucharest Stock Exchange operator BVB (BVB.RO), Grzegorz Konieczny, gave up his position within BVB.

Andrei Cîrchelan · 07.12.2011 · 20:00 · 1 min
Capital Market

State-Owned Stake In Fondul Proprietatea Narrows To 4.19%

The Finance Ministry transferred in November a total 1.74% stake in investment fund Fondul Proprietatea (FP.RO), as compensation, which narrowed the ministry's stake in the fund to 4.19%.

Andrei Cîrchelan · 07.12.2011 · 19:43 · 1 min
Technology &Telecoms

PwC Audit To Advise Shareholders In Romtelecom Listing

PricewaterhouseCoopers Audit will supply the Communications Ministry with technical, economic and legal expertise in the evaluation of shareholder options on the listing of telephony operato...

Andrei Cîrchelan · 07.12.2011 · 19:10 · 1 min